Allahabad bank provide home loan for Various Purposes:-
1. For construction of residential house on land already owned.
2. For purchase of plot by salaried persons from Govt. Agency / Development Authority or any Govt. recognized agency (viz., HUDA, HOUSEFED) and construction of residential house thereon.
3. For purchase of house/flat to be used for residential purpose.
4. For renovation / extension / repair of residential house already owned.
5. For purchase of unfinished / old house(maximum 20 year old) and
6. Renovation /extension / repair of the same.
7. For taking over of housing loans from other finance companies / financial institutions / banks.
8. Bank finance extended to a person who already owns a house in town / village where he resides, for buying / constructing a second house in the same or other town / village for the purpose of self occupation.
9. Bank finance extended for purchase of a house by a borrower who proposes to let it out on rental basis on account of his posting outside the headquarters or because he has been provided accommodation by his employer.
10. Bank finance extended to a person who proposes to buy an old house (Maximum 20 years old) where he is residing as a tenant.
11. Home loan interest rate according to the Industry.
Allahabad Bank home loan interest rates:-
Floating Rates :
upto 5 yrs upto 5lacs – 8.5%(fixed)
> 5lacs to 20lacs – 9.25%(fixed)
Upto 20lacs – PLR-3.75% i.e-8.25%
above 20lacs but below 50lacs – PLR-3.00% i.e-9.00%
50lacs and above – PLR-2.50% i.e-9.50%
> 5-10yrs upto 5lacs – 8.5%(fixed)
> 5lacs to 20lacs – 9.25%(fixed)
Upto 20lacs – PLR-3.25% i.e-8.75%
above 20lacs but below 50lacs – PLR-2.50% i.e-9.50%
50lacs and above – PLR-2.00% i.e-10.00%
>10-15yrs upto 5lacs – 8.5%(fixed)
> 5lacs to 20lacs – 9.25%(fixed)
Upto 20lacs – PLR-3.00% i.e-9.00%
above 20lacs but below 50lacs – PLR-2.25% i.e-9.75%
50lacs and above – PLR-1.75% i.e-10.25%
>15-20yrs upto 5lacs – 8.5%(fixed)
> 5lacs to 20lacs – 9.25%(fixed)
Upto 20lacs – PLR-2.75 i.e-9.25%
above 20lacs but below 50lacs – PLR-2.00% i.e-10.00%
50lacs and above – PLR-1.50% i.e-10.50%
>20-25yrs upto 5lacs – NA
> 5lacs to 20lacs – NA
Upto 20lacs – PLR-2.75 i.e-9.25%
above 20lacs but below 50lacs – PLR-2.00% i.e-10.00%
50lacs and above – PLR-1.50% i.e-10.50%
Processing Fee : 0.50% of loan amount, Maximum Rs. 10,000/-
Fixed Rates –
upto 5 yrs upto 5lacs – 8.50%
> 5lacs to 20lacs – 9.25%
Upto 20lacs – 11.00%
above 20lacs but below 50lacs – 11.50%
50lacs and above – 12.00%
>5-10yrs upto 5lacs – 8.50%
> 5lacs to 20lacs – 9.25%
Upto 20lacs – 11.50%
above 20lacs but below 50lacs – 12.00%
50lacs and above – 12.50%
>10-15yrs upto 5lacs – 8.50%
> 5lacs to 20lacs – 9.25%
Upto 20lacs – 11.75%
above 20lacs but below 50lacs – 12.25%
50lacs and above – 12.75%
>15-20yrs upto 5lacs – 8.50%
> 5lacs to 20lacs – 9.25%
Upto 20lacs – 12.25%
above 20lacs but below 50lacs – 12.25%
50lacs and above – 12.75%
>20-25yrs upto 5lacs – NA
> 5lacs to 20lacs – NA
Upto 20lacs – 12.25%
above 20lacs but below 50lacs – 12.25%
50lacs and above – 12.75%
Processing Fee : 0.50% of loan amount, Maximum Rs. 10,000/-
Contacts Number – Kolkata: 033-22319144, MUMBAI: 24921986, 32460235, 24973974,24930235, CHENNAI: 044 – 2815 6607 /044 – 2815 2206, NEW DELHI: 011 – 23341669/ 23367691/23341152
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