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AU Small Finance Bank provides home loans with a focus on accessibility and speed, ideal for first-time buyers, self-employed individuals, and those seeking balance transfers. Interest rates begin at 9.99% p.a. for eligible borrowers under affordable housing schemes, with standard rates ranging up to 22% based on credit profile, income stability, and loan purpose. The bank supports home purchase, construction, extension, and renovation with loan amounts from ₹2 lakh to over ₹40 lakh and repayment tenures up to 20 years. The application process is streamlined, requiring basic KYC, income proof, and property documents, with approvals often completed within 7-15 days
|
Feature |
Details |
|
Interest Rate |
Starts at 9.99% p.a. (up to 22% p.a. based on CIBIL, income, and loan type) |
|
Processing Fee |
Up to 2% of loan amount + GST |
|
Loan Amount |
₹2 lakh to ₹40 lakh (higher for high-value properties or strong profiles) |
|
Repayment Tenure |
1 to 20 years |
|
Applicant Age |
18 to 70 years (at loan maturity) |
|
Approval & Disbursal Time |
7–15 working days post document submission |
|
Prepayment Charges |
Up to 3% on prepaid amount (for fixed-rate loans) |
|
Eligibility (Salaried) |
Minimum ₹25,000 monthly net income |
|
Eligibility (Self-Employed) |
Minimum 2 years in business with filed ITRs |
AU Small Finance Bank links interest rates to the borrower’s risk profile. The base rate starts at 9.99% p.a. for loans under the Affordable Housing segment (property value up to ₹45 lakh in metro cities). Standard home loans begin at 10.5%–12.5% p.a. for salaried applicants with CIBIL scores above 750 and stable employment. Self-employed borrowers typically see rates from 11.5% to 15% p.a., depending on business vintage and cash flow.
|
Borrower Category |
Starting Rate |
Max Rate |
Key Factors Influencing Rate |
|
Salaried (CIBIL ≥750) |
9.99% |
14% |
Income, job stability, employer category |
|
Self-Employed Professionals |
11.5% |
16% |
ITR, business continuity, profit trends |
|
Self-Employed Non-Professionals |
12.5% |
18% |
Cash flow, industry type, audited financials |
|
Balance Transfer |
10.5% |
15% |
Existing loan track record, new property value |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
AU Small Finance Bank |
9.99% |
Up to 2% |
20 years |
|
State Bank of India |
7.50% |
0.35%–1% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1.5% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
|
Axis Bank |
8.50% |
Up to 1% |
30 years |
While public sector and large private banks offer lower headline rates, AU Small Finance Bank remains competitive for borrowers with moderate credit scores or non-traditional income sources. The bank’s faster processing and flexible underwriting often outweigh the slight rate difference.
Speed of Approval: Most applications are processed within 7–15 days, compared to 20–30 days at larger banks.
Flexible Eligibility: Accepts self-employed applicants with just two years of ITR filing and stable cash flow.
Balance Transfer Facility: Switch existing high-rate loans and reduce EMIs by up to 20%.
Top-Up Loans: Additional funding for home improvement or extension without separate applications.
Transparent Charges: No hidden fees; full disclosure of processing, legal, and valuation costs upfront.
Digital Tracking: Real-time loan status updates via website and mobile app.
The official loan calculator at aubank.in allows instant EMI computation. Enter loan amount, interest rate, and tenure to view monthly installments, total interest, and amortization schedule.
Loan Amount: ₹30 lakh
Interest Rate: 10.5% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
₹29,850 |
₹41.64 lakh |
₹71.64 lakh |
Adjust tenure or rate to fit your budget. Reducing tenure to 15 years drops EMI to ₹33,200 but saves ₹10 lakh in interest.
|
Charge Type |
Amount |
|
Processing Fee |
1.5%–2% of loan amount + GST |
|
Legal & Technical Valuation |
₹3,500–₹5,500 (one-time) |
|
CERSAI Registration |
₹500–₹1,000 |
|
Stamp Duty on Agreement |
As per state laws (0.1%–0.2%) |
|
Prepayment (Fixed Rate) |
Up to 3% on prepaid amount |
|
Prepayment (Floating Rate) |
Nil (for individuals) |
All charges are disclosed in the sanction letter. GST at 18% applies on processing and service fees.
● Minimum age: 21 years
● Maximum age at maturity: 70 years
● Net monthly income: ₹25,000+
● Employment stability: 2+ years total, 1+ year with current employer
● CIBIL score: Preferably 700+
● Minimum 2 years in current business
● Filed ITR for last 2 years showing positive profit
● Minimum annual turnover: ₹3 lakh (professionals), ₹5 lakh (non-professionals)
● Age: 25–70 years at loan end
● Salaried: Last 3 months salary slips, Form 16
● Self-Employed: ITR with computation, audited P&L, balance sheet
Visit Website or Branch Go to aubank.in/personal-banking/home-loan or nearest AU Small Finance Bank branch.
Fill Application Form Provide personal, income, and property details online (5–7 minutes).
Upload Documents Scan and submit KYC, income, and property papers via portal.
Credit and Property Verification Bank conducts CIBIL check, income assessment, and legal/technical evaluation of property.
Sanction Letter Receive offer with loan amount, rate, tenure, and EMI within 3–7 days.
Legal Formalities Sign loan agreement, complete mortgage registration.
Disbursal Funds transferred to seller/builder account within 2–3 days of final compliance.
|
Service |
Contact Details |
|
Toll-Free Helpline |
1800 1200 1200 / 1800 26 66677 |
|
Email Support |
customercare@aubank.in |
|
Grievance Redressal |
nodal.officer@aubank.in |
|
Working Hours |
24×7 for calls; 10 AM–6 PM for branches |
Alternatively, log into AU 0101 Net Banking or mobile app for updates.
AU Small Finance Bank home loan is a strong choice if you value speed, flexibility, and inclusive eligibility over the lowest possible interest rate. It suits self-employed borrowers, small business owners, and those needing quick funds for under-construction properties. While rates are slightly higher than PSU giants, the streamlined process, transparent charges, and responsive support make it a practical option in today’s fast-moving property market.
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