Consolidation Loans from AU Small Finance Bank

Different loan schemes for debt consolidation from AU Small Finance Bank.

AU Small Finance Bank, a small finance bank based in Jaipur, offers multiple financial products to different segments of its customer base. As of October 2020, AU Small Finance Bank offers a wide range of retail banking and MSME banking services in addition to others. The bank gives its retail customers a range of loans to suit their different needs.

AU Small Finance Bank Consolidation Loans

A consolidation loan from AU Small Finance Bank can help you pay off your debts and consolidate them into one to repay easily. These loans can be divided into two categories: unsecured and secured. Personal loans fall into the category of unsecured loans since you do not have to offer collateral as security for these loans while loans against gold, term deposits, property, car, etc. fall into the category of secured loans where the loan amount directly depends on the asset pledged to the bank for financial assistance.

Consolidation loan schemes help make your life easier since you only have to make one repayment per month instead of stressing over multiple repayments going out all through the month. By choosing the right schemes for debt consolidation, you can also reduce your overall debt burden.

Please note here that AU Small Finance Bank does not label a specific loan as a consolidation loan. Instead, a few schemes can be used for the purpose of consolidating debts even if they are not directly labelled so. Here are some of the loan schemes offered by AU Small Finance Bank that you can avail as a consolidation loan:

  1. Personal Loan
  2. Gold Loan
  3. Loan Against Property
  4. Home Loan Top-up
  5. Home Loan Balance Transfer

We give you a brief introduction to each of these consolidation loans below. In addition, you have the option to click further and read in detail about each loan (the link takes you to another page on our website). This specific page has been specifically designed so that you can get all the information you need on that loan in an uncluttered and easy-to-read format.


Please note that in some cases information is less or simply not available. In such instances, we have not been able to create a page on that loan as yet, but we may do so in the future if information becomes available.

AU Small Finance Bank – Personal Loan Scheme

This loan is specifically designed for salaried employees of govt. organisations and reputed private organisations to help them get funds to meet their urgent financial needs. This personal loan can also be repurposed into a consolidation loan to pay off their high-interest credit card debts and loans.

Features of AU Small Finance Bank Personal Loan

Why this Loan?


  • The AU Small Finance Bank Personal Loan is meant for salaried employees of government units/institutions or reputed private organisations who need funds to meet their personal needs
  • This loan can also be used to pay off high-interest debts, thereby consolidating debt
  • This is a collateral-free loan

AU Small Finance Bank Gold Loan

This scheme helps borrowers access needed funds by pledging their gold jewellery or specially-minted gold coins sold by banks. This loan can be used to meet any financial needs such as a wedding, overseas travel, higher education, home renovation, etc. as well as debt consolidation. The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 15 lakh.

Features of Gold Loan from AU Small Finance Bank

Why this Loan?

  • The AU Small Finance Bank Gold Loan is meant for borrowers who want to get funds by pledging gold jewellery/ornaments or specially minted gold coins sold by banks to meet their financial needs
  • This loan scheme can also be availed by borrowers as a consolidation loan to pay off their high-interest credit card debts and loans, thereby consolidating their debts
  • This loan is disbursed quickly. The bank claims to disburse the loan within 30 minutes after the borrower receives the loan approval

AU Small Finance Bank Loan Against Property

This loan helps borrowers get access to funds by mortgaging their property to meet their urgent financial needs. Many borrowers use loans against property to purchase a new property, pay for renovation or repair of their home while others avail them to meet the expenses such as those for a child’s wedding, dream vacation, medical exigencies, debt consolidation and so on.

Features of AU Small Finance Bank Loan Against Property

Why this Loan?

  • The AU Small Finance Bank Loan Against Property is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs other than for capital market, business, trading or speculative purposes
  • This loan can also be repurposed into a consolidation loan to pay off high-interest debts
  • The bank also extends this loan to borrowers who do not have proof of income

AU Small Finance Bank Home Loan Top-up

This top-up loan helps AU Small Finance Bank home loan borrowers to get financial assistance for meeting their personal needs. In addition to being used to meet financial expenses directly related to the house such as home repair, home renovation or extension, this loan can also be used as a consolidation loan to pay off debts. Many borrowers also use this loan to pay for other personal expenses such as medical bills, dream vacation, child’s education, etc.

Features of AU Small Finance Bank Home Top-up Loan

Why this Loan?

  • The AU Small Finance Bank Home Top-up Loan is meant for existing AU Small Finance Bank home loan borrowers who need assistance to meet financial needs for personal needs such as child’s wedding, education, domestic/overseas travel, debt consolidation, home extension, home repair, etc.
  • The bank offers flexible loan tenures and competitive interest rates on this scheme

AU Small Finance Bank Home Loan Balance Transfer

This scheme is designed for home loan borrowers from other banks to help them transfer it to AU Small Finance Bank. This is the perfect consolidation loan scheme for home loan borrowers since the bank offers flexible loan tenure and competitive interest rate.

Features of AU Small Finance Bank Home Loan Balance Transfer

Why this Loan?

  • The AU Small Finance Bank Home Loan Balance Transfer is meant for home loan borrowers who want to transfer their home loan from other banks to AU Small Finance Bank
  • The bank offers flexible loan tenures and competitive interest rates on this scheme

Important Note: AU Small Finance Bank may offer more consolidation loan options that are not yet published on the website. If you prefer 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, strategic premium, etc. may be decided on a case-to-case basis.

Interest Rate for AU Small Finance Bank Consolidation Loans

  • The applicable interest rate on these loans is defined as the sum of two factors namely, one-year Marginal Cost of Funds based Lending Rate (MCLR)/Repo Rate and (Strategic) Spread. As of October 2020, the one-year MCLR of AU Small Finance Bank is 10.05% and Repo Rate is 4.00%. The Spread factor is decided by the bank based on the loan type, quantum of loan and credit score of the borrower

Documents Needed for Individuals (Salaried and Self-employed)

  • 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 Issuing 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 for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Self-employed Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

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

Reference Facts

  • AU Small Finance Bank Website: www.aubank.in
  • Headquarters: Jaipur, Rajasthan
  • Call Centre Toll-Free Number: 1800 1200 1200