AU Small Finance Bank Car Loan
AU Small Finance Bank offers car loans at attractive interest rates. The process to apply for the loan is simple and approvals are quick as well. AU Small Finance Bank provides car loans for new cars as well as for used cars.
AU Small Finance Bank offers car loans for both new and used vehicles with attractive rates and minimal documentation. Flexible schemes, including no-income-proof options, make it accessible to a wide range of customers.
AU Small Finance Bank Car Loan Features and Benefits
Attractive Interest Rates
The interest rates on an AU Small Finance Bank car loan are appealing. Enjoy driving your car while you pay back your loan at attractive rates.
Wide Scope of customers
The AU Small Finance Bank Car Loan is available to all customers. There are schemes designed for people who cannot produce income documents as well.
Wide Range of Cars
You can avail of a car loan to finance the entire range of passenger cars available in India.
Loan Tenures
Pay back the loan in tenures ranging from 1 year to 5 years. Choose to repay the loan according to your affordability.
Hassle-free process
Contact AU Small Finance Bank for a quick run-through of your details and what the company has to offer. Get a loan at an unmatched turnaround time.
Eligibility for an AU Small Finance Bank Car Loan
Anyone can apply for an AU Small Finance Bank Car Loan. The loans are determined based on your personal information and income details. The car you are seeking to buy also plays a pivotal role in determining your eligible car loan principal and tenure.
Documents Required for AU Small Finance Bank Car Loan
- Identity Proof: Aadhaar Card, PAN Card, Passport, or Voter ID
- Address Proof: Utility bill, Aadhaar, Passport, or Rent Agreement
- Income Proof:Salaried: Last 3 months' salary slips and Form 16
Self-employed: Latest ITRs and bank statements
- Salaried: Last 3 months' salary slips and Form 16
- Self-employed: Latest ITRs and bank statements
- Vehicle Documents: Proforma invoice for new cars or RC copy for used cars
- Photographs: Recent passport-size photographs
- Others: PAN card and signature verification may be required
📝 How to Apply for a Car Loan with AU Small Finance Bank
- Visit the Official Website or the nearest AU Small Finance Bank branch.
- Fill in the Application Form with personal, employment, and vehicle details.
- Submit Required Documents as per eligibility.
- Verification & Approval: The bank will assess creditworthiness and process the application.
- Loan Disbursal: Upon approval, the loan is sanctioned and disbursed to the dealer or customer.
AU Small Finance Bank also offers digital application options, making it easy to apply from home with minimal paperwork.
FAQs on AU Small Finance Bank Car Loan
- What is the interest rate for AU Small Finance Bank car loans?
AU Small Finance Bank offers car loans starting from around 8.75% per annum. The exact rate depends on your credit score, income, and loan tenure.
- Who can apply for an AU Small Finance Bank car loan?
Both salaried and self-employed individuals aged between 21 and 60 years with a stable income are eligible to apply.
- What documents are required for an AU Small Finance Bank car loan?
You need to provide identity proof, address proof, income documents (like salary slips or ITR), recent bank statements, and the car’s invoice or quotation.
- How can I apply online for an AU Small Finance Bank car loan?
You can apply online via AU’s official website or loan aggregator sites like BankBazaar by filling out an application and submitting documents digitally.
- How is the EMI calculated for AU Small Finance Bank car loans?
EMIs are calculated based on the loan amount, interest rate, and tenure. You can use the AU car loan EMI calculator for accurate results.
- Can I prepay or foreclose my AU car loan?
Yes, AU Small Finance Bank allows part-prepayment or full foreclosure. Charges may apply based on the loan agreement and the time of closure.
- What is the maximum loan amount I can get from AU Small Finance Bank?
AU Small Finance Bank offers financing of up to 100% of the on-road price of the vehicle, depending on your profile and the car model.
- How long does it take to get a car loan approved by AU Finance Bank?
Loan approval usually takes between 24 to 48 hours after successful verification of all submitted documents.
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