| AU Small Finance Bank Business Loan – 2022 | |
|---|---|
| Interest Rate | Up to 24% |
| Processing Fee | Up to 2% of the loan amount + GST |
| Loan Amount | From Rs. 2 lakh, Max. as per bank’s guidelines |
| Repayment Tenure | 5 years – 12 years |
| Prepayment Charges | 5% of outstanding loan, if paid before 12 months 3% of outstanding loan, if paid after 12 months |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
Comparison of Interest Rates on Business Loan Offered by Top Banks in 2022
| Bank/NBFCs | Interest Rate |
|---|---|
| Axis Bank | 10.75% p.a. onwards |
| Flexiloans | 1% per month onwards |
| HDB Financial Services Ltd. | 8% - 26% p.a. |
| HDFC Bank | 10.75% - 25% p.a. |
| IDFC First Bank | 10.50% p.a. onwards |
| Indifi | 1.50% per month onwards |
| Kotak Mahindra Bank | 16% - 26% p.a. |
| Lendingkart | 12% - 27% p.a. |
| Mcapital | 2% per month onwards |
| NeoGrowth Finance | 15% - 40% p.a. |
| Tata Capital | 12% p.a. onwards |
| UGRO Capital | 9% - 36% p.a. |
| Bajaj Finserv | 10% to 26% |
Also Check - Interest Rates on Business Loan offered by other leading Banks and NBFCs
Headquartered in Jaipur, AU Small Finance Bank operates via its wide network of branches located in 10 states, such as Delhi , Haryana, Punjab, Rajasthan, Himachal Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Goa and Chhattisgarh.
