AU Small Finance Bank Home Loan
Last Updated : March 29, 2025, 4:58 p.m.
AU Housing Finance Limited (AU HFL), a wholly-owned subsidiary of AU Financiers (India) Limited (AU FIL), is a non-banking finance company dedicated to providing housing loans to low and middle-income customers in semi-urban and rural areas. The company offers AU Small Finance Bank Home Loans to both salaried and self-employed individuals, ensuring easy access to home financing.
To qualify, applicants must have a stable source of income. Home loans can be availed individually or jointly, offering flexibility to borrowers. With competitive interest rates and tailored repayment options, AU HFL makes homeownership more accessible and affordable.
AU Small Finance Home Loan Interest Rate Details 2025
Below is a table showing the AU Finance Home Loan Interest Rate and other home loan-related details of AU home loans -
| Particulars | Details |
|---|---|
Interest Rate | 11.00% Onwards |
Loan Tenure | 1 year to 30 Years |
Minimum Loan | Rs. 2,00,000 |
Types of AU Small Finance Bank Home Loans
Home Purchase Loan- Financing for the purchase of flats, houses, bungalows from builders, development authorities, or resale properties.
- Loan Amount: Starts from Rs. 2 lakh
Loan Tenure:
- Cash Salaried/SEP/SENP: 1 to 20 years
- Bank Salaried: 1 to 30 years
Home Construction Loan - Financial support for constructing a home, with up to 100% funding of the estimated cost.
- Loan Amount: Starts from Rs. 2 lakh
- Loan Tenure: 1 to 20 years
Home Improvement Loan - Funding for renovation or repair of existing homes, covering up to 100% of the estimated cost.
- Loan Amount: Starts from Rs. 2 lakh
- Loan Tenure: 1 to 20 years
Land Purchase & Construction Loan - Financing for both the purchase of land and subsequent home construction.
- Loan Amount: Starts from Rs. 2 lakh
- Loan Tenure: 1 to 20 years
Home Loan Balance Transfer - Transfer an existing home loan to AU Small Finance Bank to avail of lower interest rates and EMIs.
- Loan Amount: Starts from Rs. 2 lakh
Loan Tenure:
- Cash Salaried/SEP/SENP: 1 to 20 years
- Bank Salaried: 1 to 30 years
Home Loan Top-Up- Avail additional loan amounts over and above an existing AU Small Finance Bank Home Loan for personal/home-related expenses. Available for both new and existing AU Bank customers.
- Loan Amount: Starts from Rs. 50,000
- Loan Tenure: 1 to 15 years
AU Small Finance Home Loan Eligibility Calculator
Residency Requirement
- Applicants must be Indian residents to qualify for a home loan.
Age Criteria
- Minimum Age: 18 years at the time of application.
- Maximum Age: 70 years at the time of loan maturity.
Loan Tenure
- Minimum Tenure: 1 year
- Maximum Tenure:
- Bank Salaried Applicants: Up to 30 years
- Cash Salaried, Self-Employed Professionals (SEP), and Self-Employed Non-Professionals (SENP): Up to 20 years
Loan Amount
- Minimum Loan Amount: Rs 2 lakh
- The loan amount depends on factors such as applicant income, repayment capacity, and property value.
Documentation for AU Housing Finance Home Loan
Here are the documents required for the AU Small Finance Home Loan -
| Category | Required Documents |
|---|---|
Identity, Age, and Address Proof | 1. Valid Passport 2. Voter ID Card 3. Aadhaar Card 4. PAN Card 5. Valid Driving License For a complete list of acceptable KYC documents, visit the nearest AU Small Finance Bank branch. |
Income Proof (Salaried) | 1. Salary Slips/ Bank Statements/ Form-16 2. Salary Certificate (for cash-salaried applicants) |
Income Proof (Self-Employed) | 1. IT Returns and/or Financial Statements for the last 3 years And/Or 2. Informal Income Documents |
Other Required Documents | 1. Duly signed application form with a passport-sized photograph 2. Processing fee for a cheque 3. Proof of business existence (for self-employed applicants) 4. Last 6 months’ bank statements |
Property-Related Documents | 1. Copy of Allotment Letter / Seller’s Agreement 2. Receipts of payments made to the builder/developer |
How can you calculate EMI for AU Small Finance Bank Home Loan
After having a look at the eligibility calculator, let’s figure out the EMI calculator of the housing finance company. Before we step into understanding the EMI calculator, let us first know what EMI is. EMI, which stands for Equated Monthly Installment, is the aggregation of interest and principal amount that goes out of your pocket each month towards the loan.
The EMI calculator will come up with the EMI after you feed the loan amount, interest rate, and tenure of the loan in the same.
Suppose you are looking to take a home loan of Rs. 20 lacs for 20 years at the interest rate of 11% p.a. To 22% p.a. Getting curious to know the EMIs in different periods of the same loan? Read the information in the table below.
| Loan Tenure | Interest Rate at 11% p.a. | Interest Rate 22% p.a. |
|---|---|---|
5 | Rs. 43,484.85 | Rs. 55,237.82 |
10 | Rs. 27,550.00 | Rs. 41,339.38 |
15 | Rs. 22,731.94 | Rs. 38,115.12 |
20 | Rs. 20,643.77 | Rs. 37,141.20 |
Fees/Charges of AU Small Finance Bank Home Loan
Here are the additional charges in addition to the home loan interest rates . Make sure to go through them before applying for the AU Small Finance Bank Home Loan.
| Charge Type | Amount |
|---|---|
Processing Fee / Administrative Charges | Up to 2% of the loan amount |
Stamping Charges | As per the State’s Stamp Act |
Stamping Expenses | Rs 100 (including GST) |
Overdue Interest | 3% per month on the outstanding amount |
Legal & Courier Charges | Rs.1,100 |
Collection Charges | Rs 600 per visit |
Cheque/SI/ACH/ECS Return Charges | Rs.500 |
Statement of Account | Rs.500 |
Foreclosure Statement Charge | Rs.500 |
Duplicate Amortization/Repayment Schedule | Rs.500 |
Swap Charges (Replacement of PDC/Change of Bank) | Rs.1,000 |
Change in Installment Date | Rs 500 + difference period interest (if any) |
Duplicate Copy of Property/Loan Document | Rs.1,000 |
Legal/SARFAESI/Incidental Charges | At actuals |
Replacement of Property/Asset/Collateral | Rs.2,500 |
Asset Verification Charges | At actuals |
Property Valuation Charges | Rs 1,500 per valuation report |
Property Legal Charges | Rs 5,500 per legal report (Delhi NCR & Mumbai) Rs 3,000 per legal report (Other States) |
Progress Report / Subsequent Valuation Report | Rs.750 |
Property Paper Retrieval for Verification/Inspection/Lease Deed | Rs.1,500 |
CERSAI Charges | Rs.100 + GST |
RCU Charges | Rs.500 + GST |
Provisional/Final Interest Certificate | Nil |
Conversion (Fixed to Floating / Floating to Fixed / Rate Reduction / Structure Change) | 1% of the principal outstanding |
Lender NOC / Solvency Certificate | Minimum Rs. 10,000, Maximum Rs. 50,000 |
ROC Filing Charges | At actuals |
Cheque / Disbursement / Loan Cancellation (Per Case) | Rs 1,000 if canceled within 7 days from the cheque issuance date. Rs 1,000 + interest up to the cancellation period |
Cash Collection Charges (Foreclosure/Prepayment) (If cash exceeds Rs. 20,000) | Rs 5 per Rs. 1,000 collected |
Duplicate Issue of No Dues Certificate | Rs.500 |
Tele Collection Charges | Rs.40 |
Default Collection Charges (If repayment mode is not available with the bank) | Rs.250 |
Property Swapping Charges | Rs 7,500 per property (Delhi NCR & Mumbai) Rs 5,000 per property (Other States) |
| Prepayment / Foreclosure Scenario | Charges Applicable |
|---|---|
Partial Prepayment (Within 6 Months of Last Disbursement Date) | 5% of the prepaid amount |
Partial Prepayment (After 6 Months & Up to 12 Months) | No charge of the total prepayment in the financial year (FY) is up to 25% of the opening principal. 5% on the total prepaid amount if prepayments exceed 25% of the opening principal. |
Partial Prepayment (After 12 Months) | No charge if the total prepayment in the FY is up to 25% of the opening principal. 3% on the total prepaid amount if prepayments exceed 25% of the opening principal. |
Full Foreclosure (Within 12 Months of Last Disbursement Date) | 5% of the outstanding balance at closure. |
Full Foreclosure (After 12 Months) | 3% of the outstanding balance at closure. |
Summary!
AU Small Finance Bank Home Loan offers various solutions, including home purchase, construction, renovation, land purchase with construction, balance transfer, and top-up loans. Loan amounts start from Rs. 2 lakh, with flexible repayment tenures of up to 30 years for bank-salaried individuals and up to 20 years for others. The bank provides financing of up to 100% for construction and renovation, making homeownership more accessible. Competitive interest rates up to 22% p.a., minimal documentation, and convenient repayment options enhance the borrowing experience.
Frequently Asked Questions (FAQs)
What is the loan amount range for AU Small Finance Bank Home Loans?
What are the latest interest rates offered by AU Small Finance Bank Home Loan?
What documents are required to apply for an Au Small Finance Bank Home loan?
What are the processing fees and other charges for the Au Small Finance Bank Home loan?
Are there any prepayment or foreclosure charges on the Au Small Finance Bank Home loan?
How do I apply for an AU Small Finance Bank Home Loan?
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