AU Housing Finance

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 10.50 % to 14.25 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 1.5%  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about AU Housing Finance

AU Housing Finance Limited, it is also known as AAVAS Financiers Limited.Company got registered with National Housing Bank as a Housing finance company and awarded the license from National housing bank in August 2011.. It was originally incorporated as a private limited company at jaipur, Rajasthan.On January 10,2013  the company name was changed to Au Housing Finance limited due to conversion from a private company to a public company.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate of Interest:

Sno.

Type of Loan

Rate of Interest

1

For Residential / LRD

10.50 - 13.00%

2

For Commercial / Purchase

11.75 - 13.50%

3

For Plots / Others

11.75 - 14.25%

Existing Loan take over or New Loan

Here are some points that shows why you should choose AU Housing Financing for Loan Against Property

  • AU Housing Financing  Provides High Loan Amounts
  • AU Housing Finance  Fulfil Your Every Need
  • Get Easy Repayment Options
  • Transparent Processing
  • Quick and Efficient Servicing
  • Benefits for the Self Employed
  • Easy Debt Consolidation

Features of Loan

 Features and benefits of AU Housing Finance Loan against property

  • Avaas Financiers offers up to 75% of the cost of the property, including the land cost. The maximum loan amount is decided by the repayment capacity of the customer. Repayment Term
  • It provides Flexible Repayment Options. Borrowers can repay the loan as affordable Equated Monthly Instalments (EMI) which is calculated based on the loan amount, tenure and interest rate.
  • For Avaas Financiers loan against property, the first mortgage of property that is finance by deposit of title deeds or such documents is taken as security.
  • Hassle-Free Loan Experience With features like easy documentation, friendly customer service experience, transparent processing and wide network of branches,

Documents required for AU Housing Finance Loan against Property

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.