Introducing SMARTLoan
A ZERO documentation instant loan!
Whether you have a cash crunch, planning a big purchase or need urgent fund for an emergency, SMARTLoan on AU Credit Card has your back. SMARTLoan is a Credit Card based pre-approved Personal Loan which offers a low processing fee, zero documentation, and attractive interest rates.
An effortless access to instant cash in just a few minutes to your savings account – quick, convenient and tailored just for you!
Now, long-awaited trips abroad, home renovations, even unexpected financial needs, don’t need to be a wait or worry anymore with SMARTLoan on AU Credit Card, And here’s the best part – the amount is disbursed in just a few minutes to your savings account.
SMARTLoan Features and Benefits
Key Features
Low Processing Fee: Enjoy a minimal processing fee, starting as low as 2% of the amount, for easy and affordable access to your Credit Card based Credit Card.
How to Avail
How to Avail
Eligibility to Avail SMARTLoan
As an AU Credit Cardholder, you will receive a personalized, pre-approved personal loan against Credit Card. Only pre-approved customers solely decided by bank’s discretion will be allowed to avail SMARTLoan. To check your eligibility, click here.Time for fund transfer
Expected Time for Fund Transfer
Terms & Conditions
Click here to view Terms and Conditions
FAQs
What is a Personal Loan against a Credit Card?
Loan on Credit Card or against Credit Card is a kind of personal/unsecured loan that is provided based on a customer’s Credit Card usage pattern. Credit history, repayment ability and credit score are important factors to get an approval for the loan. Apart from that, the credit limit of a customer’s card is also considered in the approval process.
Can I get a loan on my Credit Card?
AU Small Finance Bank offers SMARTLoan to our existing Credit Cardholders. To check your pre-approved SMARTLoan offer, click here
Is it good to take a Credit Card loan?
What is loan on a Credit Card?
What are the Interest Rates and Tenures for AU Credit Card Loans?
Interest Rate varies between 14%-24% basis internal policies, relationship with the Bank and credit worthiness of the customer.
Credit Cardholders of AU Small Finance Bank can choose tenure between 6-60 months which may vary basis loan amount chosen by the customer.
What will be the extra charges for a loan on a Credit Card?
Processing Fee is charged for availing Loan on Credit Card. Once the Loan is availed, if the customer makes regular payments, no additional charges are implied. However, in the event of default in payments, late payment fees and interest charges as applicable.
Please refer Credit Card MITC for details of charges.
What are the different types of Loan on AU Credit Card?
Loans on Credit Card are of two types- Loan on card within Credit Limit and Loan on card over the credit limit. AU Small Finance Bank offers both namely Xpress Loan (Within Credit Limit) and SMARTLoan (Over the Credit Limit).
Can I pre- close my loan? Are there any additional charges associated with it?
Yes, foreclosure of loan is allowed by placing a request with our customer service. Foreclosure can be done at any time during the loan tenure with a foreclosure fee of 3% principal balance remaining with applicable interest & GST.
Please note: Any additional payment done on loan account will not be considered for foreclosure unless request is placed with AU customer service.
What are the modes of repayment for SMARTLoan?
Just like your credit card repayment, there are various modes of repayment for SMARTLoan like Auto-debit, IMPS, Cheque, Cash & through Bill Desk. For detailed process refer your monthly SMARTLoan statements.
