AU Small Finance Bank Business Loans

Corporate Business Loans from AU Small Finance Bank

Being one of the up and coming small finance banks in India, AU Small Finance Bank offers a range of business loans to different segments of its customer base. The bank also offers other financial products to its retail customers and other entities.

Some of the business loan offered by AU Small Finance Bank are:

  • Term Loan
  • Working Capital Loan
  • Lease Rental Discounting
  • Real Estate Project Loans
  • Commercial Vehicle Loan
  • Loan Against Commercial Vehicle
  • Loan Against Construction Equipment
  • NBFC Funding

We give you a brief introduction to the business loan below.

AU Small Finance Bank Term Loan

The bank offers term loan schemes to help businesses meet their capital expenditure needs or acquisition of fixed assets for business such as machinery, equipment, etc. This loan can also be availed for business expansion and machinery/equipment upgrade activities.

Features of AU Small Finance Bank Term Loan

Why this Loan?

  • The AU Small Finance Bank Term Loan is perfect for you if you need funds for capital expenditure, asset acquisition and related activities
  • The quantum of loan depends on factors such as size of the business, capital expenditure needs, repayment capacity of the borrower, etc.

AU Small Finance Bank Working Capital Loan

The bank offers working capital loan schemes to help businesses meet their working capital needs such as purchase of machinery/equipment, salary payment, bill payment, etc.

Features of AU Small Finance Bank Working Capital Loan

Why this Loan?

  • The AU Small Finance Bank Working Capital Loan is perfect for you if you need funds to meet your working capital needs
  • The bank extends this loan in the form of Cash Credit or Overdraft (OD) at competitive interest rates

AU Small Finance Bank Lease Rental Discounting

This loan is designed to help businesses raise funds for various needs by using rental receipts from lease contracts with tenants of a property as collateral.

Featured of AU Small Finance Bank Lease Rental Discounting

Why this Loan?

  • The AU Small Finance Bank Lease Rental Discounting is the perfect corporate business loan to help landlords raise funds by offering rental receipts derived from lease contracts with tenants as collateral
  • The bank offers easy repayment option through escrow account for this loan

AU Small Finance Bank Real Estate Project Loans

The bank offers loan schemes to help businesses in the real estate sector raise funds at various stages of construction to ensure timely completion of the real estate project.

Features of AU Small Finance Bank Real Estate Project Loan

Why this Loan?

  • The AU Small Finance Bank Real Estate Project Loan is perfect for you if you are running a business in the real estate sector and need funds for the project at any stage of construction
  • The eligibility depends on the borrower’s credit worthiness and project cash flows

AU Small Finance Bank Commercial Vehicle Loan

This loan is specially designed for businesses in the transportation sector to raise funds for purchasing new as well as pre-owned vehicles for business use.

Features of AU Small Finance Bank Commercial Vehicle Loan

Why this Loan?

  • The AU Small Finance Bank Commercial Vehicle Loan is perfect for businesses in the transport sector to buy vehicles for business
  • The loan can be availed for different types of vehicles including Light Commercial Vehicle (LCV), Small Commercial Vehicle (SCV), Medium Commercial Vehicle (MCV), Heavy Commercial Vehicle (HCV), etc.

AU Small Finance Bank Loan Against Commercial Vehicle

This loan is specially designed for businesses in the transportation sector to raise funds by mortgaging a commercial vehicle. The bank offers instant approvals, paperless transactions and quick disbursement of loan.

Features of AU Small Finance Bank Loan Against Commercial Vehicle

Why this Loan?

  • The AU Small Finance Bank Loan Against Commercial Vehicle is perfect for businesses in the transport sector to avail a loan by mortgaging a commercial vehicle
  • The loan can be availed by different types of business owners including tours and travel agencies, self-employed professionals, intra-city agencies, etc.

AU Small Finance Bank Loan Against Construction Equipment

This loan is specially designed for businesses to help them raise funds by mortgaging property. The bank offers instant approvals, paperless transactions and over-the-counter disbursement of loan.

Features of AU Small Finance Bank Loan Against Construction Equipment

Why this Loan?

AU Small Finance Bank NBFC Funding

AU Small Finance Bank offers loans to Non-Banking Finance Company (NBFC), Asset Finance Companies, Housing Finance Companies, Gold Loan Companies, Micro Finance Companies, etc. for onward lending purposes under this scheme.

Features of AU Small Finance Bank NBFC Funding

Why this Loan?

  • The AU Small Finance Bank NBFC Funding is the perfect loan scheme for different NBFCs to raise funds for onward lending purposes
  • The loan amount depends on the portfolio size, product offering, etc. of the borrower

Important Note: The bank’s website has information available for a few business loan schemes at this time, however, there is a possibility that the bank may offer more corporate loan options that are not yet published on the website. We suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, etc. may be decided on a case-to-case basis.

Interest Rate

  • As of October 2020, specific details of the interest rate for AU Small Finance Bank business loans are not mentioned on the bank’s website. Please check with the bank for this information

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card/ PAN Card Issue Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • For term loans: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • For Term Loans Only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Documents Needed for Private Limited and Public Limited Companies

  • Application Form duly filled and signed
  • Company ID Proof: Company’s PAN Card
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
  • Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security: Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • For term loans only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Reference Facts

  • AU Small Finance Bank Website: www.aubank.in
  • Headquarters: Jaipur, Rajasthan
  • Customer Care Toll-Free Number: 1800 1200 1200, 1800 266 6677