Allahabad Bank Home Loan – Check lowest Interest Rates 2020, Low EMI, Documents Required details on EMI & Calculate Eligibility Instantly at Deal4loans.
Allahabad Bank home loan details
|Interest Rates||7.15% to 7.50%|
|Pre payment Charges||Nil|
|Lowest EMI||Rs.675 per lakh|
|Min. Income||Rs.10000/- p.m|
|Loan Repayment||1 to 30 years|
Home Loan applications received for rupees ₹ 419,027 crores till 20 October 2020
Allahabad Bank home loan Interest Rates 2020
Find what are the latest and updated interest rates on housing loans of Allahabad bank for the month:
|Home Loan Amount||Rate of Interest|
|Upto 30 Lakh||7.15% – 7.25%|
|Above 30 Lakh & Up to 75 Lakh||7.25% – 7.35%|
|Above 75 Lakh||7.40% – 7.50%|
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.
For Example if borrower taken a loan amount of 16 lakh at 8.55% rate of interest for 20 years than home loan EMI would be close to ₹ 13935.85, In 20 years borrower have to pay Total Interest of ₹ 1744604 to the bank. Total payment made ₹ 3344604.
|Loan amount||Interest Rate||EMI||Tenure|
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.
Other Retails Products of Allahabad Bank
- Allahabad Bank Personal Loan
- Allahabad Bank Car Loan
- Allahabad Bank Credit Card
- Allahabad Bank FD Interest Rates
- Allahabad Bank Education Loan
- Allahabad Bank Gold Loan
- Allahabad Bank Debit Card
- Source: Allahabad Bank Website