Personal, home, vehicle & other loans

AU Construction Equipment Loan

Finance for construction equipment including backhoe loaders, pick-and-carry cranes, excavators, tippers and transit mixers.

Interest rateNew: up to 18% p.a.; used: up to 26% p.a.Maximum financeUp to 100% of the ex-showroom price net of discounts; insurance and registration are excluded. Final amount depends on product and customer profile.Repayment period6 months to 5 years (60 months); tractor repayment may be quarterly or half-yearly under the common FAQ.

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✓ Manually checked 30 Sept 2026 · active

Offered byAU Small Finance Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeVehicle financeView source

AU's official Wheels catalogue names car, two-wheeler, three-wheeler, commercial-vehicle, tractor and construction-equipment loans.

Source: AU Small Finance Bank Wheels — vehicle-loan and shared terms
Page / section: Vehicle-loan catalogue and named product classes
Accessed: 30 Sept 2026
Confidence: high

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Maximum financeUp to 100% of the ex-showroom price net of discounts; insurance and registration are excluded. Final amount depends on product and customer profile.View source

The states a ₹20,000 minimum and maximum up to 100% of ex-showroom price net of discounts, excluding insurance and registration, based on product and customer profile; the eligible amount uses discounted ex-showroom price.

Source: AU Small Finance Bank Vehicle Loan — shared Wheels
Page / section: : minimum and maximum Wheels loan amount; ex-showroom price basis
Accessed: 30 Sept 2026
Confidence: high

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Minimum loan amount₹20,000View source

The bank states: “The minimum loan amount is ₹20,000” in its Wheels .

Source: AU Small Finance Bank Vehicle Loan — shared Wheels
Page / section: : minimum and maximum Wheels loan amount
Accessed: 30 Sept 2026
Confidence: high

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Repayment period6 months to 5 years (60 months); tractor repayment may be quarterly or half-yearly under the common FAQ.View source

The Wheels gives a minimum period of 6 months and maximum of 5 years; a shared tractor says tractor instalments may be quarterly or half-yearly and schedules can be tailored at bank discretion.

Source: AU Small Finance Bank Vehicle Loan — shared Wheels
Page / section: : loan tenure; tractor repayment frequency
Accessed: 30 Sept 2026
Confidence: high

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Applicant typesIndividuals and non-individuals: private/public limited companies, partnerships, proprietorships, co-operative societies, trusts and Hindu Undivided Families; subject to the selected Wheels route.View source

The lists Individual and Non-individual applicants, then identifies the non-individual entity forms.

Source: AU Small Finance Bank Wheels — vehicle-loan and shared terms
Page / section: : customer categories catered to in Wheels loans
Accessed: 30 Sept 2026
Confidence: high

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Documents requiredLoan application form, identity proof, address proof and other relevant documents. The four-page application form provides a wider case-specific checklist; AU may request additional documents.View source

AU lists application form, identity proof, address proof and other relevant documents. The linked form checklist is broader and explicitly allows additional documents; its items depend on borrower, business, security and loan purpose.

Source: AU Small Finance Bank New Car Loan and Vehicle Loan Application Form
Page / section: : Documents Required; application form page 4 checklist
Accessed: 30 Sept 2026
Confidence: high

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SecurityNormally the financed vehicle or a lien-marked free vehicle/equipment; AU may require additional collateral based on the loan amount or vehicle/equipment.View source

The says a vehicle financed by AU or lien-marking on free vehicles/equipment is normally acceptable; additional collateral may depend on the requested amount or vehicle.

Source: AU Small Finance Bank Vehicle Loan — shared Wheels
Page / section: : collateral security
Accessed: 30 Sept 2026
Confidence: high

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Repayment methodsStanding instruction to an AU Small Finance Bank account, cash deposit, cheque or Automated Clearing House (ACH).View source

The bank lists standing instructions, cash, cheque and ACH for repayment of instalments.

Source: AU Small Finance Bank Vehicle Loan — shared Wheels
Page / section: : modes available for repayment of instalments
Accessed: 30 Sept 2026
Confidence: high

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Interest calculationMonthly reducing-balance basis.View source

AU states interest is calculated on a monthly reducing balance basis.

Source: AU Small Finance Bank Vehicle Loan — shared Wheels
Page / section: : how interest is calculated
Accessed: 30 Sept 2026
Confidence: high

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Eligible makes and modelsAU selects eligible vehicle models based on technology, after-sales support and secondary-market value; confirm the supported model with AU before applying.View source

The bank says it selects vehicle models based on technology, after-sales support and secondary-market value and asks applicants to confirm models with the branch/support.

Source: AU Small Finance Bank Vehicle Loan — shared Wheels
Page / section: : whether finance is available on all vehicle makes
Accessed: 30 Sept 2026
Confidence: high

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AccessoriesStandard manufacturer fitment for vehicle variants may be funded; additional accessories are not funded.View source

The common Wheels says standard manufacturer fitment is funded and additional accessories are not.

Source: AU Small Finance Bank Wheels — vehicle-loan and shared terms
Page / section: : whether vehicle accessories are funded
Accessed: 30 Sept 2026
Confidence: high

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Interest on overdue instalmentsAt the contracted loan interest rate (Loan IRR).View source

The same tariff row applies contracted interest (Loan IRR) to all five vehicle classes.

Source: AU Small Finance Bank — Schedule of Charges for Wheels Product (Vehicle Loans), 2026–27
Page / section: Schedule rows 4–5: interest on overdue instalment
Accessed: 30 Sept 2026
Confidence: high

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Penal charge for instalment default₹0.65 per ₹1,000, or part thereof, charged daily on the overdue instalment.View source

The tariff states ₹0.65 per ₹1,000 (or every part thereof), charged daily on the overdue instalment, for all five vehicle classes.

Source: AU Small Finance Bank — Schedule of Charges for Wheels Product (Vehicle Loans), 2026–27
Page / section: Schedule row 5: penal charges on instalment default
Accessed: 30 Sept 2026
Confidence: high

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Loan cancellation₹1,000 if cancelled within 7 days of cheque issue; after that, ₹1,000 plus interest up to the cancellation period. The shared FAQ separately says no cancellation fee before disbursement and case-by-case charges after disbursement; confirm the applicable event/contract before cancellation.View source

Current schedule row 35 lists ₹1,000 within 7 days of cheque issue, then ₹1,000 plus interest through cancellation; states no fee before disbursement and case-by-case after disbursement, so trigger details differ and are preserved.

Source: AU Small Finance Bank — Schedule of Charges for Wheels Product (Vehicle Loans), 2026–27
Page / section: Schedule row 35; cross-check vehicle-loan on cancellation before/after disbursement
Accessed: 30 Sept 2026
Confidence: high

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Interest rateNew: up to 18% p.a.; used: up to 26% p.a.Effective 23 Apr 2026View source

The bank's rate sheet and current 2026–27 tariff publish the same combined commercial-vehicle/construction-equipment ceiling: 18% new and 26% used.

Source: AU Small Finance Bank — Rates at a Glance, effective 23 April 2026
Page / section: Page 4 of 7: Commercial Vehicle & Construction Equipment new/used rows
Accessed: 30 Sept 2026
Confidence: high

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EligibilityContractors; hirers and mine owners with ability and experience in deploying similar assets; formal or small petty contracts; and road contractors. Satisfactory prior credit if any and AU credit norms apply.View source

The eligibility section names contractors, hirers/mine owners with similar-asset experience, contracts and road contractors, then requires satisfactory prior credit and bank norms.

Source: AU Small Finance Bank New Construction Equipment Loan — product page
Page / section: Eligibility
Accessed: 30 Sept 2026
Confidence: high

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Processing feeNew: up to 2% of loan amount; used: up to 3% of loan amount.View source

The current schedule groups commercial vehicles and construction equipment and caps processing at 2% new and 3% used.

Source: AU Small Finance Bank — Schedule of Charges for Wheels Product (Vehicle Loans), 2026–27
Page / section: Tariff rows 1–2, Commercial Vehicle & Construction Equipment column; applicable for 2026–27
Accessed: 30 Sept 2026
Confidence: high

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Documentation chargeUp to ₹5,000.Effective FY 2026–27View source

The tariff lists up to INR 5,000 for car, commercial vehicle/construction equipment, and tractor/farm equipment classes.

Source: AU Small Finance Bank — Schedule of Charges for Wheels Product (Vehicle Loans), 2026–27
Page / section: Tariff row 3: Car, Commercial Vehicle & Construction Equipment, and Tractor/Farm Equipment columns
Accessed: 30 Sept 2026
Confidence: high

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Prepayment / foreclosure chargesBase tariff: 5% of balance before 12 months; 4% after 12 months. The same FY 2026–27 schedule states no prepayment charge for floating-rate loans to individuals for non-business purposes and for floating-rate business-purpose loans to individuals/MSEs (loans sanctioned after 1 January 2026). Confirm borrower/entity, purpose, rate type and sanction date against the current contract.Effective FY 2026–27View source

The tariff lists 5% before 12 months and 4% after 12 months, then separately exempts qualifying floating-rate business-purpose individual/ loans sanctioned after 1 January 2026 and other-than-business floating-rate individual loans. The two written exceptions are retained distinctly.

Source: AU Small Finance Bank — Schedule of Charges for Wheels Product (Vehicle Loans), 2026–27
Page / section: Tariff row 6 and footnotes under pre-payment/foreclosure; footnote 7
Accessed: 30 Sept 2026
Confidence: high

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Benefits and features

New and used construction-equipment routes
Current rates and charges are grouped with commercial vehicles in the Wheels schedule

Eligibility

Contractors, hirers and mine owners with relevant asset experience, formal or small petty contracts, and road contractors are named; satisfactory prior credit if any and bank credit norms apply.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Loan application form
Identity proof
Address proof
Contracts/work orders and other relevant documents may be requested for the selected facility

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹38,583thirty-eight thousand five hundred eighty-three rupees

Interest paid over the full loan₹67,59,869sixty-seven lakh fifty-nine thousand eight hundred sixty-nine rupees

Everything you repay₹92,59,869ninety-two lakh fifty-nine thousand eight hundred sixty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableCharge / conditionChoose column

Processing — new vehicle · Two-wheelerUp to 4% of loan amount

This value is copied from AU Wheels vehicle-loan charges — 2026–27 full class matrix. Check the table notes before relying on it.

Source: AU Small Finance Bank — Schedule of Charges for Wheels Product (Vehicle Loans), 2026–27 · Tariff rows 1–35 and footnotes 1–8; full five-class schedule Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 42 rows · 6 columnsAU Wheels vehicle-loan charges — FY 2026–27 full class matrixCurrent official schedule, preserving all published class columns, new/used charges, legal fees, service charges and loan-cancellation rows.View tableHide table

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AU Wheels vehicle-loan charges — FY 2026–27 full class matrix
Charge / condition	Two-wheeler	Three-wheeler	Car	Commercial vehicle & construction equipment	Tractor / farm equipment
Processing — new vehicle	Up to 4% of loan amount	Up to 2%	Up to 2%	Up to 2%	Up to 2%
Processing — used vehicle	Up to 4% of loan amount	Up to 3%	Up to 3%	Up to 3%	Up to 3%
Documentation charge	Up to ₹3,000	Up to ₹2,000	Up to ₹5,000	Up to ₹5,000	Up to ₹5,000
Interest on overdue instalment	Contracted interest rate (Loan IRR)	Contracted interest rate (Loan IRR)	Contracted interest rate (Loan IRR)	Contracted interest rate (Loan IRR)	Contracted interest rate (Loan IRR)
Penal charge on instalment default	₹0.65 per ₹1,000 or part thereof, daily on overdue instalment	Same	Same	Same	Same
Prepayment / foreclosure before 12 months	5% of balance amount	5%	5%	5%	5%
Prepayment / foreclosure after 12 months	4% of balance amount	4%	4%	4%	4%
Collection charge	₹600 per visit	₹600 per visit	₹600 per visit	₹600 per visit	₹600 per visit
Cheque / / ACH / return	₹500	₹500	₹500	₹500	₹500
Duplicate No-Objection Certificate	₹500	₹500	₹500	₹500	₹500
Statement of account	₹500	₹500	₹500	₹500	₹500
Duplicate amortisation / repayment schedule	₹500	₹500	₹500	₹500	₹500
Swap (replacement / bank change)	₹1,000	₹1,000	₹1,000	₹1,000	₹1,000
Stamp duty	As per State Stamp Act	As per State Stamp Act	As per State Stamp Act	As per State Stamp Act	As per State Stamp Act
Stamping expense when bank purchases stamp duty for customer	₹100	₹200	₹200	₹200	₹200
Foreclosure statement	₹500	₹500	₹500	₹500	₹500
Change instalment date	₹500 plus differential-period interest, if any	Same	Same	Same	Same
Duplicate property / loan document	₹1,000	₹1,000	₹1,000	₹1,000	₹1,000
Valuation — used/refinance vehicle	Not applicable	Up to ₹1,000	Up to ₹1,000	Up to ₹1,000	Up to ₹1,000
Special No-Objection Certificate without removing hypothecation	₹500	₹500	₹500	₹500	₹500
Vintage-model fee (over 10 years for 4W; over 6 years for 3W; includes )	Not applicable	₹1,500	₹1,500	₹1,500	₹1,500
Arbitration	Up to ₹5,100	Up to ₹5,100	Up to ₹5,100	Up to ₹5,100	Up to ₹5,100
Execution of arbitration award	Up to ₹6,800	Up to ₹6,800	Up to ₹6,800	Up to ₹6,800	Up to ₹6,800
Complaint under Negotiable Instruments Act / Payment and Settlement Systems Act	Up to ₹6,800	Up to ₹6,800	Up to ₹6,800	Up to ₹6,800	Up to ₹6,800
Notice under section 13(2), SARFAESI Act	Up to ₹11,100	Up to ₹11,100	Up to ₹11,100	Up to ₹11,100	Up to ₹11,100
Enforcement under section 14, SARFAESI Act	Up to ₹17,000	Up to ₹17,000	Up to ₹17,000	Up to ₹17,000	Up to ₹17,000
Other legal action by or against bank	At actuals	At actuals	At actuals	At actuals	At actuals
Repossession charge	Up to ₹6,500	Up to ₹8,000	Up to ₹10,000	Up to ₹15,000	Up to ₹15,000
Tele-collection	₹40	₹40	₹40	₹40	₹40
Legal and courier	₹1,100	₹1,100	₹1,100	₹1,100	₹1,100
Default collection	₹600	₹600	₹600	₹600	₹600
Registration Certificate charge	At actuals	₹600	₹600	₹600	₹600
Regional Transport Office charge	At actuals	At actuals	At actuals	At actuals	At actuals
Repossession and other related charges	At actuals	At actuals	At actuals	At actuals	At actuals
Vehicle-shifting charge	At actuals	At actuals	At actuals	At actuals	At actuals
ROC filing charge	₹2,000	₹2,000	₹2,000	₹2,000	₹2,000
SPDC waiver charge	₹1,500	Not applicable	Not applicable	Not applicable	Not applicable
PDD charge	₹700	Not applicable	Not applicable	Not applicable	Not applicable
Switch floating/fixed rate	1% of loan amount	1% of loan amount	1% of loan amount	1% of loan amount	1% of loan amount
Cash collection above ₹20,000, at prepayment/foreclosure	₹5 per ₹1,000	₹5 per ₹1,000	₹5 per ₹1,000	₹5 per ₹1,000	₹5 per ₹1,000
Cheque / disbursement / loan cancellation within 7 days of cheque issue	₹1,000	₹1,000	₹1,000	₹1,000	₹1,000
Cancellation after 7 days	₹1,000 plus interest through cancellation period	₹1,000 plus interest	₹1,000 plus interest	₹1,000 plus interest	₹1,000 plus interest

Applies to Wheels variants as defined by AU; schedule is 2026–27 and may be revised with 30 days' prior intimation.
and other government taxes are added where applicable; alerts mandated by or deemed appropriate by the bank are free.
No loan-related ad-hoc service/inspection charges on priority-sector loans up to ₹50,000; delayed ROC filing may incur actual additional expenses.
For floating-rate loans to individuals for non-business purposes, no prepayment/foreclosure charge is levied. The schedule separately states no prepayment charge on floating-rate business-purpose loans to individuals and sanctioned after 1 January 2026. Check exact sanction, borrower and purpose against contract.
The printed fee panel in the linked 2025 application form is an older version and is not the current schedule.

AU Small Finance Bank — Schedule of Charges for Wheels Product (Vehicle Loans), 2026–27 · Tariff rows 1–35 and footnotes 1–8; full five-class schedule · accessed 30 Sept 2026Open official source ↗

Table 2 · 5 rows · 5 columnsAU vehicle-loan interest-rate ceilings effective 23 April 2026All vehicle-class rows manually transcribed from page 4 of AU's seven-page rate sheet and cross-checked against the current FY 2026–27 tariff.View tableHide table

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AU vehicle-loan interest-rate ceilings effective 23 April 2026
Vehicle class	New vehicle rate	Used vehicle rate	New processing fee	Used processing fee
Two-wheeler	Up to 28% p.a.	Up to 28% p.a.	Up to 4% of loan amount	Up to 4% of loan amount
Three-wheeler	Up to 25% p.a.	Up to 28% p.a.	Up to 2% of loan amount	Up to 3% of loan amount
Car	Up to 17% p.a.	Up to 26% p.a.	Up to 2% of loan amount	Up to 3% of loan amount
Commercial vehicle & construction equipment	Up to 18% p.a.	Up to 26% p.a.	Up to 2% of loan amount	Up to 3% of loan amount
Tractor / farm equipment	Up to 20% p.a.	Up to 28% p.a.	Up to 2% of loan amount	Up to 3% of loan amount

Rate sheet effective 23 April 2026; current 2026–27 schedule repeats these rate ceilings. Final rate is subject to product, customer profile and sanction; the reviewed pages do not identify a single benchmark or separate calculation.

AU Small Finance Bank — Rates at a Glance, effective 23 April 2026 · Page 4 of 7, vehicle-loan rate and processing-fee table · accessed 30 Sept 2026Open official source ↗

Table 3 · 26 rows · 2 columnsVehicle-loan application form — document checklist (conditional items)The complete checklist on page 4 of AU's application form. It is not a universal requirement list; requested documents depend on applicant type, purpose, collateral and facility. The form permits AU to request additional documents.View tableHide table

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Vehicle-loan application form — document checklist (conditional items)
Published checklist item	Applicability / context stated in form
Signed photograph	Applicant checklist item
Proof of identity	Applicant checklist item
Proof of address	Applicant checklist item
Residence / office proof	As relevant to the applicant or business
Loan agreement	Facility documentation
Six months' bank statements	Applicant/business assessment as applicable
SSI/ registration	If applicable to the applicant/business
Security documents	Where security is offered/required
Signature verification	Applicant verification
Proof of turnover (latest sales/service-tax returns)	Business applicants, where applicable
Last two years' income-tax returns with computed income	As applicable to applicant/business
/ standing-instruction mandate	Repayment setup
Post-dated cheques	Where required by the repayment arrangement
Income-assessment working sheet	Where applicable
Agricultural land documents	Agriculture-linked cases
Contract copy / work order	Contract- or work-order-linked cases
Repayment track record	Where existing borrowing is relevant
Loan-account statement for balance transfer/top-up	Balance transfer or top-up cases
Rent agreement	If residence/business location is rented
Projected balance sheets	Next two years for working-capital limits; loan period for term loans
Partnership deed, firm and office-address proof	Partnership firms
Certificate of incorporation, MOA/AOA, , shareholding pattern and office-address proof	Companies
Income-tax returns for the last 2–3 years with computation	As applicable to business and individuals/partners/directors
Lease/title deeds for primary or collateral properties	Where properties are offered as primary or collateral security
Industry/sector licences, registrations or qualifications	Where required for the relevant industry/sector
Any other documents required by the bank	The form expressly reserves the right to request additional documents

Source: application form page 4. The checklist is indicative of the bank's requests, not proof that every listed document is mandatory for every vehicle-loan applicant.

AU Small Finance Bank Vehicle Loan Application Form · Page 4, document checklist · accessed 30 Sept 2026Open official source ↗

AU Construction Equipment Loan

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

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