Please Note: AU Small Finance Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
AU Small Finance Bank is an emerging Non-Banking Financial Company (NBFC) that offers lending services to underbanked and unbanked customers in rural areas of North, West and Central India. AU Financers Ltd., now known as AU Small Finance Bank (AU SFB) started operations as a vehicle finance company and converted to small finance bank in 2017. AU SFB offers insurance, retail loans and personal and wholesale banking products and services to its customers from rural areas. AU Small Finance Bank also provides business loans at attractive interest rates with flexible repayment options.
AU Small Finance Bank Business Loan Interest Rate & Fee
| AU Small Finance Bank Business Loan – 2022 | |
| Interest Rate | Up to 24% |
| Processing Fee | Up to 2% of the loan amount + GST |
| Loan Amount | From Rs. 2 lakh, Max. as per bank’s guidelines |
| Repayment Tenure | 5 years – 12 years |
| Prepayment Charges | 5% of outstanding loan, if paid before 12 months
3% of outstanding loan, if paid after 12 months |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
Comparison of Interest Rates on Business Loan Offered by Top Banks in 2022
| Bank/NBFCs | Interest Rate | |
| Axis Bank | 10.75% p.a. onwards | Apply Now |
| Flexiloans | 1% per month onwards | Apply Now |
| HDB Financial Services Ltd. | 8% - 26% p.a. | Apply Now |
| HDFC Bank | 10.75% - 25% p.a. | Apply Now |
| IDFC First Bank | 10.50% p.a. onwards | Apply Now |
| Indifi | 1.50% per month onwards | Apply Now |
| Kotak Mahindra Bank | 16% - 26% p.a. | Apply Now |
| Lendingkart | 12% - 27% p.a. | Apply Now |
| Mcapital | 2% per month onwards | Apply Now |
| NeoGrowth Finance | 15% - 40% p.a. | Apply Now |
| Tata Capital | 12% p.a. onwards | Apply Now |
| UGRO Capital | 9% - 36% p.a. | Apply Now |
Also Check – Interest Rates on Business Loan offered by other leading Banks and NBFCs
Headquartered in Jaipur, AU Small Finance Bank operates via its wide network of branches located in 10 states, such as Delhi, Haryana, Punjab, Rajasthan, Himachal Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Goa and Chhattisgarh.
Get Business Loan for Startups at Lowest Interest Rates Apply Now
Fees & Charges
| Overdue Interest | 3% per month on outstanding amount |
| Collection Charges | Rs. 600 per visit |
| Cheque ECS Return Charges | Rs. 500 per instance |
| Statement of Account | Rs. 500 |
| Swap Charges | Rs. 1000 |
| Asset Verification Charges | At Actuals |
| Property Valuation Charges | Rs. 1500 per report |
| Property Legal Charges | At Actuals |
| Provisional / Final Interest Certificate | Nil |
| Stamping Charges | As per state’s stamp Act |
| Duplicate Amortisation/Repayment Schedule | Rs. 500 |
| Change in Instalment Date | Rs. 500 + difference period interest (if any) |
| Replacement of Property /Asset/Collateral | Rs. 2500 |
| ROC Filing Charges | At Actuals |
| Cheque/Disbursement/Loan cancelation | Rs. 1000 (within 7 days of cheque issue date)
Rs. 1000 plus interest up to cancellation period |
| Cash Collection Charges (at the time Prepayment/foreclosure only | Rs. 5 per thousand for cash collection |
Note: GST and other Government taxes applicable as per existing rate will be charged over and above the fees and charges
Also Read: How to Get a Startup Business Loan without security in India
FAQs
Q. What is the business loan interest rate offered by AU Small Finance Bank?
Ans. The business loan offered by AU Small Finance Bank is linked to its MCLR and goes up to 24% per annum.
Q. What is the repayment tenure of the business loans offered by AU SFB?
Ans. The maximum repayment period of its business loan is 12 years.
Q. What segments of society are served by AU SFB?
Ans. The bank serves low and middle income individuals and Micro and Small Enterprises (SMEs).
Q. What is the loan amount offered by AU SFB?
Ans. The loan amount offered by SFB starts from Rs. 2 Lakh and exceeds as per the customers’ requirements.
Q. How can I reach the bank?
Ans. You can reach the bank by visiting the below address:
AU FSB (Head Office)
Bank House, Mile 0, Ajmer Road,
Jaipur, Rajasthan – 302001
customercare@aubank.in
0141-6133000
Read Also: What is Mudra Yojana Loan?