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Schedule of charges for Wheels Product (Vehicle Loans)
(For Financial Year 2022-23)
 
S. No. Parameters
Charges applicable as per product
Two- Wheeler Three - Wheeler Car Commercial Vehicle & Const. Equipment Tractor Finance
1 Loan Processing Charges Up to 4% of Loan Amount Up to 2% of Loan Amount Up to 2% of Loan Amount Up to 2% of Loan Amount Up to 2% of Loan Amount
2 Documentation Charges Up to INR 3000 Up to INR 2000 Up to INR 5000 Up to INR 5000 Up to INR 5000
3 Overdue Interest 3% per month on outstanding amount 3% per month 3% per month on 3% per month on outstanding amount 3% per month
4 Prepayment/Fore-closure charges 5% of Balance amount, if paid before 12 months 5% of Balance amount, if paid before 12 months 5% of Balance amount, if paid before 12 months 5% of Balance amount, if paid before 12 months 5% of Balance amount, if paid before 12 months
3% of Balance amount, if paid after 12 months 3% of Balance amount, if paid after 12 months 3% of Balance amount, if paid after 12 months 3% of Balance amount, if paid after 12 months 3% of Balance amount, if paid after 12 months
5 Part Foreclosure Not allowed Not allowed Not allowed Not allowed Not allowed
6 Collection Charges INR 600 per visit INR 600 per visit INR 600 per visit INR 600 per visit INR 600 per visit
7 Cheque/SI/ACH/ECS Return Charges INR 500 INR 500 INR 500 INR 500 INR 500
8 Issuance of Duplicate NOC INR 500 INR 500 INR 500 INR 500 INR 500
9 Statement of Account INR 500 INR 500 INR 500 INR 500 INR 500
10 Duplicate Amortisation/Repayment Schedule INR 500 INR 500 INR 500 INR 500 INR 500
11 Swap Charges (Replacement of PDC/Change of Bank) INR 1,000 INR 1,000 INR 1,000 INR 1,000 INR 1,000
12 Stamp Duty As per State’s Stamp Act As per State’s Stamp Act As per State’s Stamp Act As per State’s Stamp Act As per State’s Stamp Act
13 Stamping expenses*  INR100 (including GST) INR100 (including GST) INR100 (including GST) INR100 (including GST) INR100 (including GST)
14 Foreclosure statement charges INR 500 INR 500 INR 500 INR 500 INR 500
15 Change in Instalment date INR 500 plus difference period interest (if any) INR 500 plus difference period interest (if any) INR 500 plus difference period interest (if any) INR 500 plus difference period interest (if any) INR 500 plus difference period interest (if any)
16 Duplicate Copy of Property/ Loan Document INR 1,000 INR 1,000 INR 1,000 INR 1,000 INR 1,000
17 Valuation Charges for Used/Refinance Vehicles Not applicable Up to INR 1000 Up to INR 1000 Up to INR 1000 Up to INR 1000
18 Special NOC without removing of Hypothecation INR 500 INR 500 INR 500 INR 500 INR 500
19 Vintage Model Fees (applicable if vehicle model is more than 10 years old in 4W & 6 years in 3W) (including GST) NA INR 1,500 INR 1,500 INR 1,500 INR 1,500
20 Legal/Sarfaesi /Incidental Charges At Actuals At Actuals At Actuals At Actuals At Actuals
21 Repossession Charges Up to INR 6500 Up to INR 8000 Up to INR 10000 Up to INR 15000 Up to INR 15000
22 Tele Collection Charges INR 40 INR 40 INR 40 INR 40 INR 40
23 Ledger Folio charge (including GST) Up to INR 3000 Up to INR 3000 Up to INR 3000 Up to INR 3000 Up to INR 3000
24 Legal & Courier Charges INR 500 INR 1,100 INR 1,100 INR 1,100 INR 1,100
25 Default collection charge INR 708 INR 708 INR 708 INR 708 INR 708
26 RC charge At Actuals INR 100 INR 100 INR 100 INR 100
27 RTO charge At Actuals At Actuals At Actuals At Actuals At Actuals
28 Repo Charges and Other Related Charges At Actuals At Actuals At Actuals At Actuals At Actuals
29 Vehicle Shifting Charges At Actuals At Actuals At Actuals At Actuals At Actuals
30 ROC filling Charges INR 2,000 INR 2,000 INR 2,000 INR 2,000 INR 2,000
31 SPDC waiver charge INR 1,500 NA NA NA NA
32 PDD charge INR 550 NA NA NA NA
33 Cash Collection Charges on more than Rs 20,000/- (at the time of Prepayment/foreclosure only) INR 5 per thousand for cash collection INR 5 per thousand for cash collection INR 5 per thousand for cash collection INR 5 per thousand for cash collection INR 5 per thousand for cash collection
34 Cheque/Disbursement/Loan cancelation INR 1000 (within 7 days of cheque issue date) INR 1000 (within 7 days of cheque issue date) INR 1000 (within 7 days of cheque issue date) INR 1000 (within 7 days of cheque issue date) INR 1000 (within 7 days of cheque issue date)
INR 1000 plus interest up to cancelation period INR 1000 plus interest up to cancelation period INR 1000 plus interest up to cancelation period INR 1000 plus interest up to cancelation period INR 1000 plus interest up to cancelation period

*If stamp duty is purchased by Bank on behalf of customer.

Interest Rates

1 Interest Rate Up to 28% Up to 25% Up to 17% Up to 18% Up to 18%
2 Interest Rate- Used Vehicle Up to 28% Up to 25% Up to 25% Up to 25% Up to 25%
 

Note:

  1. Charges are as applicable for the respective Wheels product variants as defined by AU Small Finance Bank.
  2. The above charges are subject to revision with prior intimation of 30 days to all account holders.
  3. GST and other Government taxes applicable as per prevailing rate will be charged over and above the fees and charges.
  4. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge.
  5. Bank do not levy any loan related and adhoc service charges/inspection charges on priority sector loans up to INR 25000.
  6. In case of floating rate, wheels loans offered for ‘Other than Business’ purposes to individual borrowers with or without co-obligant(s), No prepayment/foreclosure charges shall be levied.
  7. The terms and conditions, as defined by AU Small Finance Bank, apply. Please refer www.aubank.in for further details.
  8. The charges are revised with effect from Sept 01, 2022.

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