Product Details
Bank Name
AU Small Finance Bank
Maximum Loan Tenure
30 years for bank salaried.
20 years for cash salaried/Self Employed Professional/Self Employed Non-Professional.
Maximum Loan Amount
Not specified by the bank.
Interest Rate
8-22% per annum..
Type
Floating
Down Payment
Not applicable since it is an already existing loan.
Fees and Charges
Processing fees- Upto 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 Loan Balance Transfer
Special Features
None
Eligibility Criteria
Indian resident.
Minimum age: 18 years.
Maximum age: 70 years at maturity.
Minimum home loan tenure – 1 year.
Minimum amount – INR 2,00,000
Special Concession
None
Home Saver Option
No
Features, Eligibility and Concession
Pros
Available for formal & informal income-proof customers.
Easily available in rural India.
No prepayment penalty in the case of a floating-rate home loan.
Cons
High processing fee.
High interest rate.
Pros & Cons
Application Procedure
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