Allahabad Bank Home Loan – Check lowest Interest Rates 2017, Low EMI, Documents Required details on EMI & Calculate Eligibility Instantly at Deal4loans.
Allahabad Bank home loan details:
|Processing Fees||Upto Rs.17250/-|
|Pre payment Charges||Nil|
|Lowest EMI||Rs.784 per lakh|
|Min. Income||Rs.10000/- p.m|
|Loan Repayment||1 to 30 years|
Allahabad Bank Home Loan EMI Calculator
use this simple tool to find out how much EMI you will have to pay for your home Loan.
Maximum loan Amount for buy home
Maximum Amount: Up to Rs 5 crores are available.
Processing fess of Allahabad Bank home loan:
- For loan amount upto Rs.100 Lac- 0.40% of the loan amount, Maximum Rs.17250
For Example if borrower taken a loan amount of 16 lakh at 8.85% rate of interest for 20 years than home loan EMI would be close to ₹ 14241.63, In 20 years borrower have to pay Total Interest of ₹ 1817991.20 to the bank. Total payment made ₹ 3417991.20.
|Loan amount||Interest Rate||EMI||Tenure|
|16 Lakh||9.60%||14241.63||240 months|
How much amount you have to paid by yourself for home loan:
- For loans up to Rs. 20.00 Lacs – 10% of Project cost.
- For loans above Rs. 20.00 Lacs to 75 lacs – 20% of Project cost.
- Above Rs 75.00 lacs – 25% of the project cost
Project cost consists of :
- Purchase price of land/house/flat.
- Cost of construction/renovation/extension (if applicable)
- Stamp duty and registrations charges as applicable.
- Accrued interest amount of moratorium period, if proposed to be capitalized
- Premium of Loan Insurance
- Repayment Period:
- Salaried Persons : Length of remaining service, Maximum 25 years
- Others : Remaining period in attaining the age of 70, Maximum 20 years
- Repayment period will be exclusive of moratorium period.
Here’s Past Trend of Allahabad Bank 5 Years on Base Rates Changes for Customer or Borrowers Prospective:
Date Change by RBI New Repo Rate Date of Change New Base Rate of Allahabad Bank Rate Cut Allahabad Bank – – 6-Oct-15 9.75% 4-Mar-15 0.25% – 7.50% 4-Apr-15 10.25% 15-Jan-15 0.25% – 7.75% 28-Jan-14 0.25% + 8.00% 29-Oct-13 0.25% + 7.75% 23-Aug-13 10.00% 20-Sep-13 0.25% + 7.50% 3-May-13 0.25% – 7.25% 19-Mar-13 0.25% – 7.50% 29-Jan-13 0.25% – 7.75% 18-Feb-13 10.20% 17-Apr-12 0.50% – 8.00% 1-May-12 10.50% 25-Oct-11 0.25% + 8.50% 1-Aug-11 10.75% 16-Sep-11 0.25% + 8.25% 26-Jul-11 1.25% + 8.00% 15-Jul-11 10.25% 25-Jan-11 – 6.50% 7-May-11 10.00%
Source: Allahabad Bank Website