The AU bank personal loan interest rate has a big impact on the overall cost of borrowing and how affordable the loan is. I recently availed of a travel loan from AU Bank. I can say from my experience that AU Bank provides personal loans, for short-term financial demands like travel, schooling, house remodeling, weddings, etc. Additionally, you can select a repayment period of 12–60 months with simple monthly installments.
What is the AU Small Finance Bank Personal Loan Interest Rate?
The maximum amount you can apply for is Rs. 10,000,000. The interest rates that they offer are as follows:
Parameters | Personal Loan Rates |
Interest Rate | Up to 30% p. a. |
Loan Processing Charges | Up to 4% of Loan amount |
Overdue Interest | 3% per month on outstanding amount |
Stamping Charges | As per State\'s Stamp Act |
This is all about the AU bank personal loan interest rates. I hope this helps!
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AU Small Finance Bank offers personal loans with competitive interest rates. The AU Bank personal loan interest rate is up to 30% per annum. Moreover, it majorly depends on the CIBIL score, income, loan amount, etc.
What is AU Small Finance Bank Personal Loan Interest Rate?
Before availing a personal loan from AU Bank, I found that the final interest rate depends on several factors, such as the applicant's credit score, income level, employment stability, and loan amount.
AU Bank’s personal loan caters to various financial needs such as medical emergencies, education, home renovation, travel, and debt consolidation.
Loan amounts up to Rs 10 lakhs, providing flexibility for different financial requirements. The bank offers flexible repayment tenures from 12 months to 60 months. It allows borrowers to choose the duration that suits their financial capacity.
I also found that a shorter loan tenure will lead to higher monthly EMIs but reduce the overall interest burden, while a longer tenure will lower the EMI but increase the total interest paid over time.
AU Bank’s personal loans come with minimal documentation and offer a completely paperless process through their digital application platform. Borrowers can apply for loans online and receive approval quickly, depending on the verification process.
Additionally, AU Bank may charge a processing fee, which usually ranges from 3% to 4% of the loan amount. This fee is deducted from the disbursed loan. This is all about AU Bank personal loan interest rates.
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What is AU Bank Personal Loan Interest Rate?
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2024-09-12T23:02:25+00:00 2024-09-18T09:31:37+00:00Comment
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