|Loan Name||Interest Rate||Processing Fee||Loan Amount||Tenure|
|House Furnishing Scheme||1YMCLR+1.50% - 1YMCLR+3.00%||0||up to Rs 5,00,000||up to 10 years|
|Housing for Furnishing||BR + 2.00% per annum||0||up to Rs 5,00,000||up to 10 years|
|Home Appliances Finance Scheme||1YMCLR+1.50% - 1YMCLR+3.00%||1% of loan amount||max of up to Rs 2,00,000||36 months|
|Allahabad Bank Trade Loan||11.15%||229||5 Crore||7 YEARS|
Pre-payment penalty- 2.25% of the outstanding balance of term loan in case of take over.
Interest rates- Minimum 11.15% to a maximum of Rs 15.60%
Documentation and other charges- Depends on your credit limit
Processing fees- Minimum of Rs 229 to a maximum of 22,928/- with applicable tax.
Margin- 25% on stocks.
20% for bank guarantee/LC
25% on term loan sanctioned for purchasing equipments, computer hardwares, furnitures, tools.
30% on receivables(up to 90 days)
50% loan amount sanctioned for accomplish of go-downs, construction of premises.
The minimum loan amount is Rs 1 lakh and maximum loan amount is up to 5 crore.
Tenure- Minimum 12 months to maximum 7 years including moratorium.
|Allahabad Bank Skill Loan Scheme||0||0||150000||7|
|Allahabad Bank Reverse Mortgage Scheme||3.00||0||0||0|
|Allahabad Bank Loan Against KVP(Kisan Vikas Patra) & NSC(National Saving Certificate)||8||0||0||0|
|Allahabad Bank Mortgage Loan||14.5||0.53||500 lakhs||Up to 9 years|
|Allahabad Bank Fleet Finance Scheme||4.50%||1.06||500 lakh||7|
|Allahabad Bank New Saral Loan||13||0||750000||5|
|Allahabad Bank Gyan Dipika Scheme||12.90||0||1 lakh||15|
|Allahabad Bank Rent Loan||0||1.06||200 crore||10 years|
Pre-penalty charges- 1.98% of the outstanding balance only in case of takeover.
Interest rate- 10.50% onwards
|Allahabad Bank Overdraft Facility In SB account||0||0||40000||1 YEAR|
|Allahabad Bank Doctor Plus Loan||1 year MCLR+3.00%||1.06%||10 lakh||7 year|
|Allahabad Bank Suvidha Loan||0||0||No maximum limit||0|
|All Bank Vidya||2.00||0||75 lakh||15 years|
Q: What interest rate does Allahabad bank provides for personal loan borrowers?
A: Allahabad bank offers an attractive interest rate of 13.00% for personal borrowers.
Q: What are the penalty charges for defaulting a monthly instalment?
A: You have to pay 2% of the loan amount as a penalty fee for missing a payment due date in case of personal loan.
Q: What is the minimum salary requirement to avail a personal loan from Allahabad bank?
A: The minimum monthly income required for Allahabad Bank personal loan is Rs.50,000 per month.
Q: Can I add a co-applicant while applying for a Personal loan with Allahabad Bank?
A: Yes, you can opt for a co-applicant to take a personal loan from Allahabad Bank that will increase your personal loan eligibility as the income of the co-applicant is also taken into account.
Q: How does Allahabad bank personal loan repayment happen?
A: The repayment of a personal loan happens in the form of an EMI (Equated Monthly Installment) through the customer's bank account. The customer is required to present a few post-dated cheques and sign an ECS mandate in favour of the bank at the time of loan disbursal.