AU Bank Personal Loan

Age

• You should be of minimum 23 years of age at the time of Personal Loan application and a maximum of 60 years at the time of loan maturity.
• You should be an Indian resident.

CIBIL Score

• A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

• Include your name, place of residence, date of birth, and employment information.
• For salaried individuals, provide work experience and take-home salary.
• Self-employed applicants should mention turnover, profits, and other relevant financial details.

Minimum Monthly Income

• Private banks usually require Rs.15,000+ monthly income, while public banks may have lower limits.

Loan Processing Charges

• Up to 4% of the loan amount + applicable taxes

Minimum Work Experience

• Minimum 1-2 years, with at least 6-12 months in the current job.

Features

• Meet short-term financial needs such as travel, education, home renovation, wedding, etc.
• Choose a tenure between 12-60 months for repayment in easy monthly installments
• Enjoy competitive interest rates throughout the repayment period
• 5^Step Digital Process: Get a Personal Loan in an easy 5-step digital process. Experience true convenience at your fingertips.
• No collateral: We ease the burden of your financial worries with our range of comprehensive Personal Loan products that do not require collateral or guarantor to sign-off.
• Minimal documentation: Enjoy easy and hassle-free loan process with minimal documentation.
• If you are a Royale customer, you can avail preferential processing fees and interest rates with us.
• Our existing customers may be eligible for pre-approved Personal Loan offers with a preferential rate of interest without any documentation.
• Consolidate all your high-cost debts under a single umbrella with our Personal Loan at an affordable interest rate.
• Manage your Personal Loans from the comfort of your home with a few clicks.
• No charges for administration and documentation
• Stamping charges: As per the State’s Stamp Act
• Overdue interest: 3% per month on the outstanding amount
• If paid before 12 months of the last disbursement date, then 5% of the balance amount at the time of closure.
• If paid after 12 months from the last disbursement date, then 3% of the balance amount at the time of closure.
• 5-Step Digital Process: Apply seamlessly with a quick and easy 5-step digital journey.