AU Small Finance Bank Car Loan Interest Rate – Complete Guide & EMI Tips

Key Takeaways
 

• AU Small Finance Bank Car Loan Interest Rate for new cars goes up to 17% per annum. For used vehicles, up to 26% per annum as per official rates.
   
• Loan processing charges and documentation vary from 2% to 3% for new and used vehicles.
   
• Use the AU Small Finance Bank car loan interest rate calculator to plan EMIs quickly online.

Bonus Tip: AU Small Finance Bank recently gained approval to transition into a Universal Bank. It promises broader services without disrupting existing products.

AU Small Finance Bank Car Loan Interest Rate was the first thing on Rahul Awasthi’s mind when he parked his bike. He thought about upgrading to a sleek new car. A Client Servicing consultant in a big firm, Rahul, googled the AU Small Finance Bank Car Loan Interest Rate before lunch. He loved the idea of using an AU car loan calculator at home with chai. He said, “Mamu ka loan bhi itna smooth nahi tha jitna yeh AU car loan calculator hai!”

Rahul found the AU Small Finance Bank Car Loan Interest Rate is 17% for new cars, and 26% for pre-owned rides. He grabbed his coffee and thought, “Is this ROI scene ghar ki chai or corporate espresso level?”

The AU Small Finance Bank Car Loan Interest Rate is like fuel economy for your bike. A higher AU Small Finance Bank Car Loan interest rate means more cost per kilometer. Just as a bike sips petrol, a loan sips interest over tenure, affecting monthly EMIs.

Rahul said, “With the AU Small Finance Bank Car Loan Interest Rate of 17%, I borrowed ₹10,00,000. I used the AU Small Finance Bank car loan interest rate calculator to plan out my EMIs beforehand.”

Types of AU Small Finance Bank Car Loans (150 words)

Rahul’s spreadsheet for AU Small Finance Bank Car Loan Interest rates looked like a Pune traffic signal. He created this quick table with typical AU Small Finance Bank Car Loan Interest Rates:
 

Rahul realized Pune rains are cheaper than a used car loan ROI, so he preferred new!

AU Small Finance Bank Car Loan Processing Fees & Charges

Beyond the AU Small Finance Bank car loan interest rates, Rahul checked the fees:
 

These charges were added to his total car budget. So do not forget to consider these when applying for the AU Small Finance Bank Car Loan.

How to Apply for an AU Small Finance Bank Car Loan 

Rahul followed steps like a corporate pitch deck.

• Visit the AU Small Finance Bank Car Loan Interest Rate official page.
• Use the AU car loan calculator to estimate EMIs.
• Fill the online application form with KYC, address, and salary proof.
• Submit details at your nearest AU Small Finance Bank branch or online.
• Bank reviews CIBIL, income, and calls you for verification.
• Accept the offer, sign documents, and get loan disbursal.

Rahul checked his Pune branch’s vibe before signing. He spoke with the AU Bank branch representative before he finalized the deal.

Conclusion

In the end, Rahul took his time before deciding to apply for the AU Bank Car Loan. He realized the AU Small Finance Bank Car Loan Interest Rate made his dream car budget smarter, not scarier. He used the AU Small Finance Bank car loan interest rate calculator for final numbers. He planned his new car purchase wisely, which allowed him to cruise Pune’s FC Road without worrying about ROI traffic jams.

FAQs Related to AU Small Finance Bank Car Loan Interest Rates 

What is the typical interest rate for a car loan at AU Small Finance Bank?
The bank offers up to 17% for new and up to 26% for used cars, depending on profile.

How do I use an AU Small Finance Bank car loan interest rate calculator?
Visit the bank’s EMI page and enter the loan value, tenure, and rate to get EMI.

Can I negotiate the AU Small Finance Bank Car Loan Interest Rate?
Interest depends on profile; negotiate with your branch manager based on CIBIL and salary.

Is the processing fee high for used car loans?
Used car loans may include up to 3% processing; compare before you sign. 

Should I get documentation before signing?
Always get written Terms and Conditions before signing to avoid surprises, as many Redditors advise.

If you’re new to car loans and planning to buy a ₹16 L car, should you compare interest rates and EMIs before choosing a lender?
Yes, comparing interest rates, processing fees, tenure, and prepayment options from multiple banks/finance companies before finalising a car loan can significantly reduce your total cost of borrowing.

What’s the best way to get a car loan in India with a 683 CIBIL score?
With a 683 CIBIL score, you can improve approval odds by showing stable income, a low debt-to-income ratio, a longer job history, and comparing offers from multiple lenders to find competitive rates.

Can you transfer your existing vehicle (car) loan from one lender to another in India?
Yes, similar to home loan portability, you can transfer your vehicle loan to another bank/financier if they offer better interest rates or terms; the new lender pays off your existing loan, and you continue repayment under the new agreement.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.