AU Personal Loan

• Visit AU 0101 app or AU Bank website and click on the "Apply Now" button
• Enter personal and financial details and verify with OTP
• Upload documents & get instant approval
• See if you have any pre-approved loan offers available
• Alternative Option: You can visit our nearest branch to complete the Personal Loan application formalities with assistance from our staff.

• You should be an Indian resident.
• You should be of minimum 21 years of age at the time of Personal Loan application and a maximum of 65 years at the time of loan maturity.
• You can avail a Personal Loan for a minimum repayment tenure of twelve months and a maximum repayment duration of five years.
• You may apply for an amount up to ₹15,00,000.

• We have built relationships based on trust over the years of serving our customers with transparent and fair processes. We always believe in sharing the fees and charges applicable to our Personal Loan products with our clients upfront.
  • Processing fee: Up to 4% of Approved Loan Amount with minimum as INR 2000/-. Minimum charges relaxed for AU Royale/IVY customers. Applicable taxes extra
  • No charges for administration and documentation
  • Stamping charges: As per the State’s Stamp Act
  • Overdue interest: 3% per month on the outstanding amount
  • Prepayment/foreclosure charges:
    • ⁺foreclosure not allowed before 6 months
    • If paid before 12 months and after 6 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.

T&C Apply
^Applicable on Pre - Approved AU Personal Loans.
In association with Salesforce and FICO.

• *Applicable on Pre-Approved AU Personal Loans.
• In association with Salesforce and FICO.

A Personal Loan is a form of unsecured loan offered by various financial institutions to individuals or companies to meet their immediate financial needs. You may avail a Personal Loan with minimal documentation without having to pledge collateral or security. You have the liberty to use the funds from the Personal Loan for any purpose, for example, high-ticket purchases, debt consolidation, etc. 

The maximum amount of Personal Loans that you can apply for is ₹10,00,000. There is no demand for security or collateral to avail of a Personal Loan from us. Documentation required is minimal, with an easy and instant approval process on meeting the eligibility criteria. 

Yes, you can avail of a Personal Loan during pandemics like the COVID-19. Many individuals and companies have been able to meet their financial requirements during the COVID-19 pandemic by applying for Personal Loans online. Many have availed of Personal Loans during the pandemic to meet several financial obligations instead of breaking into their savings or retirement funds.

The easiest method to avail of a Personal Loan that is disbursed immediately is to apply for it online. This form of Personal Loan application is convenient. Check your Personal Loan eligibility on AU 0101 and proceed to the next steps of online form filling. If you are unsure of your affordability factor, you may also check the Personal Loan EMI using the Online EMI Calculator available on the website of most financial institutions.

As soon as the formalities and documentation steps are completed, the lender initiates a verification process. On completion, the Personal Loan is immediately disbursed to your registered bank account.

A Personal Loan is more or less like most types of loans. Once you fill up and submit the application as well as the required documents, the lender checks your creditworthiness and proceeds towards approving or rejecting your request for a Personal Loan. If the request is accepted, you will receive a confirmation letter along with an agreement and a repayment schedule. On duly signing and accepting the details, the lender will transfer the approved funds to your registered bank account.

You are free to use the Personal Loan funds in any way you like. However, you should stick to the repayment schedule and fulfill your monthly installments on time.

The annual rate of interest is up to 30%, with an average rate of 18%.

The repayment tenure ranges from 12 months to 60 months.

Advantages include disbursement within 24 hours, competitive interest rates, lower processing fees, transparent transaction processes, the ability to select a convenient repayment tenure, minimal documentation, and an end-to-end digital application process.

Yes, you can foreclose your loan.

No, a Personal Loan does not offer tax benefits.

The minimum amount offered is INR 25,000.

No, you do not need to provide any security or collateral.