AU Bank Personal Loan Interest Rate: Rates, Fees & Eligibility Guide

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Example Calculation

Let's calculate EMI for the AU Bank Personal Loan example:

Given Details:

• Principal Amount: ₹25,000
• Annual Interest Rate: 11%
• Loan Tenure: 12 months

Step-by-Step Calculation:

• Monthly interest rate = 11% ÷ 12 = 0.92% (0.0092)
• Number of instalments = 12 months
• EMI = 25,000 × 0.0092 × (1.0092)^12 / [(1.0092)^12 - 1]
• EMI = 25,000 × 0.0092 × 1.116 / [1.116 - 1]
• EMI = 256.68 / 0.116 = ₹2,213

Total Interest Payable: ₹1,556 (₹26,556 - ₹25,000)

AU Bank Personal Loan EMI calculations help borrowers plan finances effectively.

Bonus Tip: If you are an existing customer of AU Bank, especially with a salary account in the bank, check whether you are eligible for a “pre-approved personal loan”. Existing customers often get preferential AU Bank Personal Loan interest rates and faster disbursement with minimal documentation.  

Tips to Get Lower Interest Rates from AU Bank

Follow these tips to secure better AU Bank Personal Loan interest rates:

• Improve Your Credit Score: Pay bills on time and reduce credit balances
• Compare Different Lenders: Shop around for the most competitive interest rates
• Use Loan Offers: Leverage pre-approved offers for better negotiating power
• Build Bank Relationship: Maintain savings or current accounts with AU Bank
• Offer Collateral: Secured loans typically attract lower interest rate charges
• Choose Shorter Terms: Shorter loan periods often have reduced interest rates
• Negotiate Confidently: Research market rates before discussing with bank representatives
• Consider Co-Signers: Strong co-signers can help secure lower interest rates
• Be Ready to Leave: Show willingness to explore other lender options

AU Bank Personal Loan interest rates improve with proper planning and negotiation.

Conclusion

AU Bank Personal Loan has good rates and easy payment plans. The bank helps with different money needs. Learn about AU Bank Personal loan interest rates first. Follow our simple tips too. This helps you get better loan deals from the AU Bank Personal Loan.

FAQs on AU Bank Personal Loan Interest Rate

Q1. Do salaried and self-employed people get different interest rates at AU Bank?

Yes. Salaried applicants often get slightly lower rates because their income is stable.

Q2. Will being an existing AU Bank customer help me get a better interest rate?

Yes. Customers with AU salary or savings accounts may get faster approval and better rates.

Q3. Can I still get a personal loan if my credit score is low?

You may get approval, but the interest rate will be higher than usual.

Q4. Does AU Bank charge extra fees apart from the interest rate?

Yes. Processing fees and applicable taxes are charged in addition to the interest rate.