About AU Small Finance Bank Personal Loan Personal Loan
Personal Loans are being used by a large number of people to cover their expenses. One of the reasons for a significant rise in the growing popularity of Personal Loan is that because it is an unsecured loan that does not demand collateral and has a short processing period. A Personal Loan can be obtained from any bank or non-banking financial institution of your choice.
- AU Small Finance Bank Personal Loan has special schemes and different income and occupation groups.
- The AU Small Finance Bank Personal Loan also has an online application where the KYC and documents submission can be done digitally.
- You can also easily check your AU Small Finance Bank Personal Loan application status on a real-time basis on the bank’s website or by visiting the customer care centre.
- AU Small Finance Bank Personal Loan also offers pre-approved personal loans at a low rate for the costumers with strong credit-card history and those with an already existing account with the bank.
AU Small Finance Bank Personal Loan Personal Loan Eligibility
Particulars | Salaried | Self-Employed |
Age | 21 - 60 years | 21 - 65 years |
Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
Co-applicant | Not mandatory | Not mandatory |
Loan Tenure | 12 – 60 months | 12 – 60 months |
Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
|
Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
CIBIL Score | 750 and above | 750 and above |
Residential Status |
Resident Indian staying in own house or a rented house
|
*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
|
SBI | Up to 76 years | NA** | Rs.15,000 |
HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
Private | 23 to 58 years | 2 to 5 years | Rs.17,500 |
Axis | 21 to 60 years | NA** | Rs.15,000 |
Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
|
India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
IDFC First Bank | 23 to 68 years | 3 years | NA* |
Federal Bank | 21 - 55 Years | 3 years | Rs.25,000 |
Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
Andhra Bank | 21 - 55 years | NA** | NA* |
Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh |
IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
|
Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
Karnataka Bank | NA** | 3 years | NA* |
United Bank of India | up to 75 Years | 2 years | NA* |
UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
Documents Required for AU Small Finance Bank Personal Loan Personal Loan
AU Small Finance Bank Personal Loan Personal Loan Approval Process
- The loan application is received by the bank. The information you provided in the application form will thereafter be verified by the bank. Details available with the bank, such as bank statements, salary deposits, and any or all EMIs deducted from your account, will be checked instantly.
- The bank will then verify the information you provided in the application form concerning your identity. The bank will complete the KYC process here. You may be required to visit the bank with the originals of the documents submitted with your application form.
- The bank may send an executive to your home or office to confirm the address you provided on the application form. The bank may also cross-check your employment information with your employer.
- After the verification process is completed, the bank will check your creditworthiness. It will first check your credit score. The bank will determine your loan eligibility with your IT return.
- If you have a credit score that is higher than 750, your loan will be approved immediately.
- The loan amount and tenure will be decided based on your credit score, age, annual income, salary growth prospects and the number of years left in service.
- Once your loan is accepted, you will have to pay the processing fee.
Steps to Apply for AU Small Finance Bank Personal Loan Personal Loan
- Visit the official website of Dialabank.
- Fill in the personal, professional, and financial information requested by the lender and submit the form.
- After you submit the application form, Dialabank will verify your eligibility and advise you of the maximum amount you are eligible to receive.
- If you agree to process the application, you must submit the relevant documents, which can also be uploaded online.
- Finally, Dialabank will process your documents, and if the loan is approved, the funds will be transferred into your Bank account instantly.
AU Small Finance Bank Personal Loan Personal Loan Approval Process FAQs
✅ How does a personal loan work?
Once you submit your personal loan application to a lender, the lender verifies and approves it according to the institution’s requirements. Post this; the loan amount is immediately disbursed into your bank account. You will be required to pay the EMIs every month as a repayment of your loan.
✅ What are the documents required to apply for a personal loan?
As it offers a collateral-free advance, application for a personal loan generally involves ascertaining the applicant’s need/eligibility of funds and their repayment capacity. As such to be eligible for a Personal Loan applicants must generally be salaried individuals and share documents confirming their personal and professional details. Including but not restricted to:
- KYC Documents (proof of the applicant’s age, nationality, etc.)
- Documents declaring the continued employment for the applicant
- A duly filled loan application form.