Please Note: AU Small Finance Bank is not a Paisabazaar partner. Offers would be from partner banks/HFCs only.
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AU Small Finance Bank Home Loan Highlights |
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| Interest Rate | 6.50% to 22.00% p.a. |
| Loan Amount | Rs 2 lakh onwards |
| Loan Tenure | Up to 30 years |
| Processing Fees | Up to 2% of the loan amount |
Note: Interest rates as of 4 November 2024
Table of Contents
AU Small Finance Bank Home Loan Interest Rates
AU Bank Home Loan interest rate ranges between 6.50% to 22.00% p.a. Although AU Small Finance has not specified the role of factors like its loan applicants’ credit scores, occupation profile, income, EMI/NMI ratio, etc., most lenders determine their home loan interest rates based on the above mentioned factors.
Compare Interest Rates on Home Loans for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Compare Home Loan Schemes offered by Top Lenders Compare Now
AU Small Finance Bank Home Loan Fees and Charges
The home loan processing fees and other charges for availing AU Small Finance Bank Home Loan are as follows:
Processing Fees
| Particulars | Rates |
| Processing fees/Administrative Charges | Up to 2% of the loan amount |
Prepayment/Foreclosure charges (for partial prepayments)
| Particulars | Rates |
| If prepayment is for up to 6 months from the last disbursement date | 5% of the amount prepaid partially. |
| If prepayment is done after 6 months and up to 12 months from the last disbursement date |
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| If prepayment is done after 12 months from last disbursement date |
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Prepayment/Foreclosure charges (for full closure)
| Particulars | Rates |
| If prepayment is done for up to 12 months from last disbursement date | 5% of the balance amount at the time of foreclosure |
| If prepayment is done after 12 months from last disbursement date | 4% of the balance amount at the time of foreclosure |
Other charges
| Particulars | Rates |
| Interest on overdue EMI | At the contracted rate of interest |
| Penal Charges on EMI default | Rs 0.65 per Rs 1,000 (or every part thereof) will be charged daily on overdue EMI |
| CERSAI Charges | Rs 50 for loan amount up to Rs 5 lakhs; Rs 100 for loan amount above Rs 5 lakhs; or as per the charges levied by CERSAI |
| RCU Charges | Rs 500 |
| Property Legal Charges | Rs 5,500 per Legal report for Delhi and Mumbai; Rs 3,500 per Legal report for the rest of states/ locations |
| Provisional/ Final Interest certificate | Nil |
| Change in Instalment date | Rs 500 + difference period interest (if any) |
| Conversion from fixed to floating, floating to fixed, reduction of rate, change in structure | 1% of principal outstanding |
| Lender NOC/ Solvency Certificate | Minimum: Rs 10,000 & Maximum Rs 50,000 |
| Foreclosure statement charge/Statement of account | Rs 500 |
| ROC filling charges | At actuals |
| Duplicate Copy of Property/ Loan Document | Rs 1,000 |
| Cheque/Disbursement/Loan cancelation (per case) | Rs 1,000 (within 7 days of cheque issue date) Rs 1,000 plus interest up to cancelation period |
| Property Valuation Charges | Rs 2,500/valuation report |
| Legal & Courier Charges | Rs 1,100 |
| Replacement of Property/Asset/Collateral | Rs 2,500 |
| Collection Charges | Rs 600 per visit |
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Types of AU Small Finance Bank Home Loan
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 (for cash salaried/SEP/SENP) and 1 to 30 years (for bank salaried)
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
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
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
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)
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
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Eligibility Criteria for Availing AU Small Finance Bank Home Loan
The home loan eligibility criteria for availing AU Small Finance Bank Home loan are as follows:
- Indian resident
- Minimum age: 18 years
- Maximum age: 70 years at the time of loan maturity (75 years for home purchase loan)
Documents required for AU Small Finance Bank Home Loan
The list of home loan documents required for availing AU Small Finance Bank Home Loan are mentioned below:
Identity, age and address proof
- Valid Passport
- Voter ID Card
- Aadhaar Card
- PAN card
- Valid Driving License
Loan applicants should contact the nearest AU branch to know the complete list of acceptable KYC documents
Income proof (for salaried)
- Salary Slips/ Bank Statements/ Form-16
- Salary Certificate (cash salaried cases)
Income proof (for self-employed)
- IT Returns and/ or Financial Statements of last 3 years and/or
- Informal Income Documents
Other documents
- Application form with photograph duly signed
- Processing fee cheque
- Proof of business existence
- Last 6 months bank statements
Property related documents
- Title deeds of the plot
- Proof of no encumbrances on the property
- Construction estimate by an architect/civil engineer
How to Apply for an AU Small Finance Bank Home Loan?
You can apply for AU Small Finance Bank Home Loans either by visiting the lender’s website or its nearest branch.
Steps to Apply for AU Small Finance Bank Home Loan Online
- Go to the official website of AU Small Finance Bank
- Select ‘Home Loans’ under the ‘Retail Loans’ tab of the website
- Click on the ‘Home Purchase Loan’ scheme option
- Fill your name, mobile number, email id, city and captcha details and click on the ‘Apply Now’ button to apply for the home loan
AU Small Finance Bank Home Loan EMI Calculator
Prospective borrowers planning to avail AU Small Finance Bank Home Loans can use the home loan EMI calculator to know the optimum EMI and tenure before making the loan application.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs on AU Bank Home Loan
What is the current interest rate on home loans in AU small finance bank?
Ans. AU Small Finance Bank Home Loan interest rate ranges between 6.50% to 22.00% p.a. While the lender offers fixed, floating and flexi home loan interest rates to its loan applicants, it has not specified the differentiated interest rates offered under each of these options.
What is the maximum home loan limit for AU Small Finance Bank?
Ans. AU Small Finance Bank has not specified the maximum amount for its home loan scheme. However, the minimum loan amount for AU Small Finance Bank Home Loan is Rs 2 lakh.
What is the minimum credit score required to avail AU Bank Home Loan?
Ans. The lender has not specified the minimum credit score requirement for its home loan applicants. However, applicants having credit scores of 700 and above usually have higher chances of getting home loan approval.
Who can be the co-applicant in AU Small Finance Bank Home Loan?
Ans. AU Small Finance Bank Home Loan applicants can apply for the loan jointly with their spouse, close family members or co-owners of the property. The income of the co-applicant can be clubbed with the primary loan applicant to calculate the home loan amount.
What are the tax benefits of AU Small Finance Bank home loan?
Ans. AU Small Finance Bank Home Loan borrowers can claim deductions on the interest repayment of up to a maximum of Rs 2 lakh under Section 24(b) of the Income Tax Act. They can also claim tax deductions of up to Rs 1.5 Lakh on the repayment of the principal under Section 80(C).