AU Small Finance Bank - 10.30% for Home Loan - Home Renovation Loan

Au Small Finance Bank Home Loan:

Au small finance bank home loan can be availed at an attractive rate of interest starting at 10.30% onwards*

Au small finance bank also provides home loans for no-income proof customers in rural India and claims to offer home loans with quick disbursal, minimal documentation and doorstep servicing.

AU Small Finance Bank Home Loan schemes offers multiple home loan schemes for purchase of new home/resale property, plot purchase & home construction and home renovation.

Interest Rate

10.30% onwards*

Processing Fee

1%-1.30%

Repayment tenure

Up to 20 years

Loan-to-Value Ratio

Rs 2 lakh onwards

 

Key Features of Au Small Finance Bank Home Loan:

1. Attractive home loan options.

2. Balance transfer facility.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. No hidden charges

 

Au Small Finance Bank loan interest depends upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income. Higher the income, lesser will be the rate

 

2. Type of loan opted for:

Au Small Finance Bank also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

Au Small Finance Bank offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

Au Small Finance Bank Home Loan:

Apply

Apply for an Au Small Finance Bank Home Loan easily on ApnaRupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compare Au Small Finance rates with other banks before choosing the best deal for your home loan needs.

 

Au Small Finance Bank Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Au Small Finance Bank Home Loan Schemes:

1. AU Small Finance Bank Home Purchase Loan:

Purpose: 

For purchase of flats, houses, bungalows from builders, developmental authorities and purchase of resale properties

Loan amount:

Starting from Rs 2 lakh

Loan tenure:

1 to 20 years

 
2. AU Small Finance Bank Home Construction Loan

Purpose:

For construction of your homes with financing of up to 100% of the estimated cost

Loan amount:

Starting from Rs 2 lakh

Loan tenure:

1 to 20 years

 
3. AU Small Finance Bank Home Improvement Loan

Purpose: 

For repair and renovation of your existing homes with financing of up to 100% of the estimated cost

Loan amount:

Starting from Rs 2 lakh

Loan tenure:

1 to 20 years

 

4. AU Small Finance Bank Land Purchase and Construction Loan

Purpose: 

To finance the purchase of a plot and construct a home

Loan amount:

Starting from Rs 2 lakh

Loan tenure:

1 to 20 years

 
5.AU Small Finance Bank Home Loan Balance Transfer

Purpose: 

To transfer your existing home loan to AU Small Finance Bank while availing the benefit of lower interest rates and EMIs

Loan amount:

Starting from Rs 2 lakh

Loan tenure:

1 to 20 years (for cash salaried/SEP/SENP) or 30 years (for bank salaried)

 
6. AU Small Finance Bank Home Loan Top Up

Purpose: 

To borrow additional loan amounts, over and above your existing AU Small Finance Bank Home Loan, for financing additional home/personal needs.

This top up facility is available both for existing and new AU bank customers.

Loan amount:

Starting from Rs 50,000

Loan tenure:

1 to 15 years

 

Frequently Asked Questions:

Q. How can I increase my chances of getting a higher loan amount?

You can increase your chances of getting a higher loan amount by adding earning co-applicant(s) to your home loan.

 

Q. Who can be a co-applicant for my housing loan?

Ans. Any immediate family member – your parents, spouse, earning children, or siblings – is permitted to be a co-applicant for a loan.

Adding a co-applicant will increase your loan eligibility as the income of the co-applicants will also be considered while determining the eligible loan amount.