Allahabad Bank Home Loan – Check lowest Interest Rates 2016, Low EMI, Documents Required details on EMI & Calculate Eligibility Instantly at Deal4loans.
Allahabad Bank home loan details:
|Interest Rates||9.45% – 9.70%|
|Processing Fees||Upto Rs.17250/-|
|Pre payment Charges||Nil|
|Lowest EMI||Rs.837 per lakh|
|Min. Income||Rs.10000/- p.m|
|Loan Repayment||1 to 30 years|
Prepayments Charges, Documentation Charges, Mortgage Charges & Inspection & Supervision Charges all are NIL
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.
- 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 9.60% rate of interest for 20 years than home loan EMI would be close to ₹ 15018.74, In 20 years borrower have to pay Total Interest of ₹ 2004497.6 to the bank. Total payment made ₹ 3604497.6.
|Loan amount||Interest Rate||EMI||Tenure|
|16 Lakh||9.60%||15018.74||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