Allahabad Bank Personal Loan | Interest Rates | Eligibility EMI Calculator

Allahabad Bank personal loan: Compare and Find Lowest Interest Personal loan from Allahabad Bank with other banks of India. Get details on interest rates 2017 for Pensioners, State Govt Employees & Doctors.

Allahabad Bank Personal Loan Details:

Interest Rates 11.60% – 13.60%
Max. Loan Amount Upto 7.5 Lakh
Processing Fees Nil
Prepayment Charges 2.25%
Min. Income Rs.20000/- p.m
Loan Repayment upto 5 years

Allahabad Bank Personal Loan Interest Rates January 2017

ALL BANK NEW SARAL LOAN SCHEME (Personal Loan Scheme) – 12.60%
PERSONAL LOAN SCHEME FOR PENSIONERS – 11.60%
PERSONAL LOAN SCHEME FOR DOCTORS/ MEDICAL PRACTITIONERS – 13.60%
LOAN AGAINST NSC/KVP – 12.60%
ALL BANK HOME APPLIANCE SCHEME – 11.10%
OVERDRAFT IN SAVING BANK ACCOUNT – 13.10%
ALL BANK IPO/FPO FINANCE SCHEME – 12.10%

Example:

If borrower taken a loan amount of 2 lakh from Allahabad bank as personal loan for 3 years at interest rate of 12.60% than they should pay ₹ 6700.32 per month emi for coming 36 months in which Total Interest Payable is ₹ 41211.52. The Total which is paid by customer in 3 years are ₹ 241211.52.

Loan amount Interest Rate EMI Tenure
2 Lakh 12.60% 6700.32 36 months

How much you can avail from Allahabad Bank:
Maximum loan of ₹ 7.5 Lakh under saral personal loan scheme
Maximum loan of ₹ 2 Lakhfor pensioners
Maximum loan of ₹ 5 Lakhfor doctors
Minimum loan of ₹ 50000 / – is applicable.
Minimum 20000 Salary required to avail loan.

Repayment Options

Maximum upto 5 years to doctors & saral personal loan scheme
Maximum upto 4 years to Pensioners

Offers on Allahabad Bank Personal Loans:-

  • Allahabad bank offers personal accident insurance policy of Rs.75000/- mandatory on taking personal loan under pension scheme.
  • Disbursement: By credit to his / her (Principal Borrower) S/B account
  • Processing Fee: Nil
  • Personal Guarantee of the family pensioner as mentioned in the PPO

Source: Allahabad bank Website

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