If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    We found 1 AU Small Finance Bank Used Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    16% Floating
    1% One time fee
    50K - 15L
    1-4 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    Eligibility Criteria
    AU Small Finance Bank Used Car Loan is Rated as "Great!" by 28 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    AU Small Finance Bank Used Car Loan

    AU Small Finance Bank is an NBFC (Non-Banking Financial Company) that is based in Rajasthan. This company was incorporated in 1996 under the guidance of the Companies Act, 1956. It has over 218 branches in states such as Madhya Pradesh, Haryana, Maharashtra, Goa, Gujarat, Himachal Pradesh, Punjab, Delhi/ NCR, Chhattisgarh and Rajasthan. The financial services offered by this company includes commercial vehicle loan, car loan, used car loan, SME loan, loan against property, Insurance, etc. AU Small Finance Bank offers used car loans for the purchase of commercial vehicles and personal vehicles (such as cars, multi-utility vehicles, commercial vehicles (heavy and light), three wheelers, tractors, etc.).


    You’re probably eligible for an AU Small Finance Bank Used Car Loan if you are

    01
    02
    03
    04
    AU Small Finance Bank Used Car Loan Minimum Age

    At least 21 years old

    AU Small Finance Bank Used Car Loan Maximum Age

    Less than 65 years old

    AU Small Finance Bank Used Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    AU Small Finance Bank Used Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your AU Small Finance Bank Used Car Loan amount eligibility is based on these factors

    01
    02
    03
    AU Small Finance Bank Used Car Loan Minimum Salary

    Minimum income required
    Rs.10,000 per month

    AU Small Finance Bank Used Car Loan Maximum Loan to Value

    Loan capped @
    75% of the Ex-Showroom price of Car value

    AU Small Finance Bank Used Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible AU Small Finance Bank Used Car Loan amount by these steps

    01
    02
    AU Small Finance Bank Used Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    AU Small Finance Bank Used Car Loan Maximum Tenure

    Choose longer tenure loan up to 4 years


    Documentation needed to apply for an AU Small Finance Bank Used Car Loan

    • 1. Residence proof
    • 2. Photo ID and age proof
    • 3. Signed application form with photograph
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account


    AU Small Finance Bank Used Car Loan Interest RatesUpdated on 17 Nov 2018

    AU Small Finance Bank Used Car Loan Details
    Interest Rate (Monthly reducing balance) 16%
    Processing Fees 1% of Loan Amount
    Loan Tenure 1 year to 4 years
    Pre-closure Charges 5% of principal outstanding (plus applicable tax) within 1 year. 4% (plus applicable tax) afterwards
    Guarantor Requirement No guarantor required

    Overview about AU Small Finance Bank Used Car Loan

    AU Small Finance Bank is an NBFC (Non-Banking Financial Company) that is based in Rajasthan. This company was incorporated in 1996 under the guidance of the Companies Act, 1956. It has over 218 branches in states such as Madhya Pradesh, Haryana, Maharashtra, Goa, Gujarat, Himachal Pradesh, Punjab, Delhi/ NCR, Chhattisgarh and Rajasthan. The financial services offered by this company includes commercial vehicle loan, car loan, used car loan, SME loan, loan against property, Insurance, etc. AU Small Finance Bank offers used car loans for the purchase of commercial vehicles and personal vehicles (such as cars, multi-utility vehicles, commercial vehicles (heavy and light), three wheelers, tractors, etc.).

    Features and Benefits of AU Small Finance Bank Used Car Loan

    • Provides loan for purchase of used vehicles for both personal use as well as for commercial use.
    • Used car loans for purchase of vehicles for personal loan is provided for the purchase of cars manufactured by Chevrolet - GM, Ford, Honda, Mahindra and Mahindra, Maruti Suzuki, Nissan, Renault, Tata Motors, Toyota and Volkswagen.
    • AU Small Finance Bank Used Car Loan can be availed by Salaried Individuals and Businessmen, Companies, Trusts, Firms and Self-employed.
    • Applicants can assign a co-obligor to the used car loan. The co-obligor has to be one among the following family members - parents, spouse, child, or brother. Their income will be considered while determining the income eligibility of the loan application provided.
    • The Loan-to-Value Ratio is based on the customer’s profile.

    Eligibility Criteria for AU Small Finance Bank Used Car Loan

    In order to be eligible to avail an AU Small Finance Bank Used Car Loan, applicants must meet the following guidelines:

    • Applicant must be a citizen of India.
    • He/she must fall within the age group of not less than 18 years to less than 65 years of age to avail a used car loan for the purchase of a vehicle for personal use.
    • A co-applicant is to be mentioned in the loan application who has to be one among the following family members - parents, spouse, child, or brother.
    • Residence stability is mandatory. In the case of an owned residence the applicant must have been living there for at least a year or more and if the applicant is living in a rented place then he/she must have a permanent residence proof for a period of up to 2 years.

    Documents to be provided for AU Small Finance Bank Used Car Loan

    • Landline number or Mobile number has to be provided at the time of application.
    • Valid Proof of Identity
    • Proof of Residence
    • For Salaried applicants, the Form 16 or the salary slips have to be submitted.
    • For Self-employed applicants, Balance Sheet or Income Tax Returns that has been filed has to be submitted at the time of applying for a used car loan with AU Small Finance Bank.

    EMI Calculator for AU Small Finance Bank Used Car Loan

    If you wish to purchase a used car by availing a loan from AU Small Finance Bank, you can first analyse the total cost incurred on the used car loan as well as its affordability using the online car loan EMI calculator offered by BankBazaar. This online tool provides users a detailed amortization schedule and forecast of the repayment to be made, with clear and accurate details regarding interest on the principal amount that has to be paid over a chosen loan tenure. All you have to do is provide inputs such as required loan amount, desired loan tenure, rate of interest and processing fees. The used car loan EMI calculator tool provided by BankBazaar provides reliable data based on which you can make the right decisions while applying for your AU Small Finance Bank Used Car Loan.

    AU Small Finance Bank Used Car Loan Reviews

    • AU SMALL FINANCE BANK Car Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      Au-Small finance bank done a good job for me. I have taken a car loan from them and the documentation was also normal. The rate of interest was around 10% and the processing charges was waived off. The process was completed on time and it was smooth.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 01, 2018
    • AU SMALL FINANCE BANK Car Loan
      "Rate of Interest was good"
      0.5 5.0/5 "Blown Away!"
      This was my second Car Loan, and this Financier actually lowered my Rate of Interest comparing it to my earlier loan. The whole process with was good, and I really didn't need to do anything. I paid my EMI using cheque and this company were really patient with it. They had option to pre-close the loan also, which I took.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 24, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Unhappy with the process"
      0.5 1.0/5 "Really Bad"
      I was not happy with the process of Au-Small finance bank. I had applied for a car loan and they wanted me to get a guarantor to sign for me. I was not okay with this as I did not want to involve others for the loan and they have not been supportive as well.
      Was this review helpful? 0
      , goa
      Reviewed on Nov 07, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Good banking service"
      0.5 5.0/5 "Blown Away!"
      I had taken a car loan with Au-Small finance bank for an amount of 2.50 lakhs at the interest rate of 9.25%,its is nominal as compared to other banks,tenure of 36 months and my monthly EMI is 8300.They had deducted a processing fess of Rs 5500 from my principal.The process was very quick and completed my request within 2 days of time.
      Was this review helpful? 1
      , jaipur
      Reviewed on Oct 31, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan with AU Small Finance Bank, my loan application was closed because i had taken loan from other bank. The customer service was upto the mark, i asked for hindi assist but there was no call back . The rate of interest was nominal when compared to all other banks.
      Was this review helpful? 1
      , pune
      Reviewed on Oct 30, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have postponed the plan of purchasing vehicle right now, I am planning to finalize the property in the month of Janurary. I don't have any issues with Au Small Finance. Their service is good, executive have called me and helped on the loan process but I denied.
      Was this review helpful? 0
      , ajmer
      Reviewed on Oct 27, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Average"
      0.5 4.0/5 "Great!"
      I had applied for a car loan with AU small finance through online channel. I was hosptailised, my application got rejected because of my personal issues. The response and the customer is also good from the bank side. The rate of interest was not discussed. I will continue the srevice in future.
      Was this review helpful? 0
      , vapi
      Reviewed on Oct 26, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Au Small Finance Bank, my loan application was closed because i postponed the plan to get the car loan. When it comes to customer service, it was good and they followed up on regular intervals. The rate of interest was high when compared to all other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 26, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My car loan is with AU SMALL FINANCE 2 years back. The loan amount was 3,60 lakhs taken for 36months and the rate of interest was 14% which is average . Here the loan process was very easy and not faced any inconvenience . They have provided door step service for collecting documents and the processing fee is 1,800.The loan was approved on time with out any delay.
      Was this review helpful? 0
      , ajmer
      Reviewed on Oct 24, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Great responsiveness"
      0.5 5.0/5 "Blown Away!"
      I had applied for a car loan from AU- Small finance bank for an amount of 0.8 lakhs interest rate is low as compared to other banks in the market they responded to my queries pertaining to my car loan request I closed my application as i had received funds from a different source.
      Was this review helpful? 1
      , udaipur
      Reviewed on Oct 23, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Good service"
      0.5 1.0/5 "Really Bad"
      I have applied for the car loan from Small Finance Bank, my loan application was closed as i decided not to get a car loan from this bank. It is because the rate of interest 14% which is way high when compared to all other banks. The cutomer service was good and they were responsive.
      Was this review helpful? 0
      , dhamtari
      Reviewed on Oct 20, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      Au Finance contacted me after I had applied for a car loan and explained the details. I did not take the loan as I had to postpone plans. The interest rate and processing charges was on the higher side when compared to the other banks. Overall good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 19, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have approached AU SMALL FINANCE for my car loan. There was no proper response from their customer care so they have to improve a lot and The rate of interest was not so high when I have enquired. I have cancelled my application due to my personal reason .
      Was this review helpful? 0
      , ludhiana
      Reviewed on Oct 17, 2017
    • AU SMALL FINANCE BANK Car Loan
      "No proper responses"
      0.5 4.0/5 "Great!"
      Due to personal reason I couldn't take this loan Au Smal Finance. Initially I was in need of Rs.120000 but they offered me only Rs.90000. There was very minimal contact by the bank and they offered very few Customer Support dialogue. Maybe in future I might take it.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 17, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      Au Small Finance Bank has not contacted me and informed me the necessary details for the car loan. I am not happy with the experience and I would not wish to recommend them as well. No information on the rate of interest and processing charges.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Oct 17, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Application is long"
      0.5 1.0/5 "Really Bad"
      I applied for an used Car Loan with Au Small Finance Bank. The experience I had with this bank is very bad. They called me and informed me that it will take time for the procedure to happen. Consiquently they were too reluctant to help me out. They really need to shorten their procedures.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Oct 13, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Responce was not that good"
      0.5 1.0/5 "Really Bad"
      I had a bad experience with Au financiers ltd. Their customer service was not at all good I believe because no one has contacted me.I got a complete zero response from them. They did not contact me and inquire about my requirement and I have applied for 1.10 lakhs.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 31, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Below Average service"
      0.5 1.0/5 "Really Bad"
      The Au finance service is not up to the mark in regards to my car loan application. The customer service and the response need to be improved with Au finance. The rate of interest is high when compared with others. They gave below average service in concern to my car loan application.
      Was this review helpful? 1
      , faridabad
      Reviewed on Jul 25, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      The required amount was arranged by the other source, so I haven't proceed with the Au finances limited. The customer service and the response was very good with Au finance ltd. They have helped me to get the loan but I haven't choose since I have arranged the required amount. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , chhindwara
      Reviewed on Jul 24, 2017
    • AU SMALL FINANCE BANK Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      9.25% is the rate of interest for the car loan with the AU finance limited and the services are good one with them. Response is also a good one with them and the loan amount got disbursed to my account within three days of time. Response is good one with them and I have not found any issues with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 08, 2017
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