Product Details
Bank Name
AU Small Finance Bank
Maximum Loan Tenure
20 years
Maximum Loan Amount
Not specified by the bank.
Interest Rate
8-22% per annum.
Type
Floating
Down Payment
LTV Ratio of up to 100%
Fees and Charges
Processing fees- up to 2% of the loan amount.
Pre-payment charges: For floating rate home loan: No pre-payment charges.
Late payment charges: 0.065% will be charged daily on overdue EMI.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Home Construction Loan
Special Features
No down payment is required as it is a home construction loan.
Eligibility Criteria
Indian resident.
Minimum age: 18 years.
Maximum age: 70 years at maturity.
Minimum home loan tenure: 1 year.
Special Concession
None
Home Saver Option
NA
Features, Eligibility and Concession
Pros
Available for formal & informal income-proof customers.
Easily available in rural India.
No downpayment is required in certain cases.
No prepayment penalty in the case of a floating-rate home loan.
Cons
No home saver option.
High processing fee.
Pros & Cons
Application Procedure
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.