AU Bank offers you a personal loan that you can use for various financial needs such as for medical emergencies, sudden travel needs, home renovation or to purchase the latest gadgets. You can get an AU Bank personal loan of up to ₹10 lakhs for a tenure of 12 to 60 months at interest rates starting from 11% p.a.
AU Bank gives you personalised assistance to help make the loan process simple and easy. You can get your funds quickly approved with minimal documents, helping you get the funds you need at the right time. Making it a reliable solution to your financial emergencies.
Get pre approved personal loans of up to ₹10 lakhs at AU Bank and enjoy a flexible repayment tenure of up to 60 months.
Table of Contents
- ⇾AU Bank Personal Loan Details
- ⇾AU Bank Personal Loan Interest Rates and Charges
- ⇾AU Bank Personal Loan Calculator
- ⇾Eligibility Criteria for AU Bank Personal Loan
- ⇾Documents Required for AU Bank Personal Loan
- ⇾AU Bank Personal Loan Features and Benefits
- ⇾Steps to Apply For AU Bank Personal Loan
- ⇾Steps to Apply For AU Bank Personal Loan Through Buddy Loan
- ⇾Frequently Asked Questions
AU Bank Personal Loan Details
AU bank offers the following personal loan information. Knowing these details can help you assess your borrowing capacity and get a loan plan that best suits your financial
needs. Here are the AU Bank personal loan details:
| Loan Amount | ₹25,000 - ₹10 lakhs |
| Interest rate | 11.00% - 30.00% p.a. | Tenure | 12 - 60 months |
| Processing Fee | 4% + Applicable Taxes |
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AU Bank Personal Loan Interest Rates & Charges
Before taking a personal loan, it is important to understand the interest rates and charges associated with the loan to evaluate the total cost of the loan. Here are the interest rates and charges offered by AU Bank:
| Processing Fee | 4% + Applicable Taxes |
| Documentation and Administration Fee | Nil | Stamp Charges | As per the State’s Stamp Act |
| Overdue Interest | 3% per month on any outstanding amount. |
| Prepayment Charges Before 12 Months | 5% of balance amount |
| Prepayment Charges After 12 Months | 3% of balance amount |
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Note: The above-mentioned rates are subject to change with the finance market and differ marginally with respect to the individual banks.AU Bank Personal Loan Calculator
When taking a personal loan, you should consider the EMI amount that you need to repay every month. The AU Bank personal loan calculator can be used to estimate the monthly instalment based on the loan amount, interest rate and repayment terms.
Calculating the EMI is important as it helps you plan and manage your finances effectively. It also helps you secure the best loan terms that are suited for your financial requirement as you can compare the different loan options available. By using the AU Bank personal loan calculator, you can get a clear picture of your repayment amount and schedule. Here is how you can use the calculator:
Enter the loan amount, interest rate and repayment tenure and you will get the estimated EMI amount in seconds.
| Monthly EMI | ₹86 |
| Principal Amount | ₹1,000 |
| Total Interest | ₹32 |
| Total Amount | ₹1,032.00 |
Eligibility Criteria for AU Bank Personal Loan
Knowing the eligibility criteria before applying for a personal loan in AU Bank is important, as it ensures you meet the bank’s requirements. Here are the eligibility criteria you need to know before you apply for the AU Bank personal loan:
- You need to be an Indian resident.
- You will need to be minimum 23 years of age at the time of application and maximum 60 years at the time of maturity.
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Documents Required for AU Bank Personal Loan
There are minimal documents that are required to apply for an AU Bank personal loan. These documents are required to help banks provide you with faster and hassle-free application processing. The documents required are for:
- Identity proof
- Address proof
- Income proof
- Employment proof
AU Bank Personal Loan Features & Benefits
AU Bank offers you many features and benefits that come with getting a personal loan, making borrowing simple, convenient, and affordable. The features and benefits are are given below:
- 5-Step Digital Process: AU Bank offers a convenient and straightforward, five-step digital process that makes getting a personal loan easy and hassle-free.
- No Collateral Required: An AU Bank personal loan does not require collateral or a guarantor, making sure that you can access funds without unnecessary complications.
- Minimal Documentation: Enjoy a smooth and stress-free loan process with minimal documentation requirements, making the application process quick and efficient.
- Flexible Tenure: You can choose a repayment tenure that suits your financial situation, with options ranging from 12 to 60 months.
- Competitive Interest Rates: Enjoy and benefit from an interest rate that starts at 11% p.a. and a reducing rate of interest throughout the repayment period. This makes the loan more affordable and easier to manage.
- Effortless Loan Management: With AU Bank, you can easily manage your personal loans from the comfort of your home with just a few clicks. Making it convenient and giving you control over your finances.
- Debt Consolidation: Consolidate all your high-cost debts under a single umbrella with an AU Bank Personal Loan, helping you simplify your financial obligations.
- Pre-Approved Offers: Existing AU Bank customers may be eligible for pre-approved personal loan offers with preferential interest rates and no documentation required, making it easier to access funds when needed.
- Royale Benefits: With AU Bank, if you are a Royale customer, you can enjoy preferential processing fees and interest rates, providing additional savings and benefits.
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Steps to Apply For AU Bank Personal Loan
Getting an AU Bank personal loan is easy, here are the steps you can follow:
- Step 1: Visit the AU Bank personal loan webpage.
- Step 2: You can then click the ‘Apply Now’ button.
- Step 3: Check that all your personal and financial information is correct and up-to-date.
- Step 4: You can check to see if you have a pre-approved loan offer.
- Step 5: Fill in the application form for the loan and update all necessary information.
- Step 6: After verification, you will receive a message of whether your loan application is successful or not.
Furthermore, you can also apply for a personal loan through the AU Bank office by visiting it in person.
Steps to Apply For AU Bank Personal Loan Through Buddy Loan
You can also apply for an AU Bank personal loan through Buddy Loan, just follow the steps below:
- Step 1: Visit buddyloan.com or download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address, DOB & Gender).
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
Want to know more? You can check more on different loan types available by various lenders from the table below:
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Frequently Asked Questions
The maximum loan amount that AU Bank is offering is ₹10 lakhs, however, the maximum amount of personal loan you can get will depend on your eligibility.
AU Bank personal loan offers interest rates starting from 11% - 30% p.a.
To be eligible for AU Bank personal loans you will need to be an Indian citizen who is 23 - 60 years of age.
You can apply for an AU Bank personal loan online and offline, you can visit the website and the bank branch, fill in the application form, give the required documents and submit.
The repayment tenure for an AU Bank personal loan is 12 - 60 months.
Yes, there is a 4% processing fee for an AU Bank personal loan.
Yes, you can prepay your personal loan with AU Bank with the following charges. For prepayment before 12 months of disbursement the charges will be 5% and for prepayment after 12 months of disbursement the charges will be 3% on the outstanding balance amount.
Minimal documents are required for applying for an AU Bank personal loan, these documents will include identity proof, address proof, income proof, and employment proof.
You can check the status of your AU Bank Personal Loan application online by logging in to your internet banking through the bank's website or mobile app.
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