Allahabad bank provides a wide variety of home loan schemes that meets the requirements of numerous consumers. It is a nationalized bank that offers banking services to its customers nationwide.
- Allahabad bank offers home loan that can be used for various purposes, such as construction of home on purchased land, purchase of house/flat, finance for acquiring second home, and repair, extension, improvement and renovation of existing home.
- Allahabad Bank offers Home Loan EMI that can be as low as Rs. 880 per lakh and loan tenure upto 20 years, to make it more affordable. Lowest Rate of interest offered by Allahabad Bank on Home Loan is 8.20%.
Allahabad Bank Home Loan Interest Rates 2020
|Interest Rate||8.20% onwards|
|Processing Charges||Up to 0.40% of loan amount|
|Loan Tenure||Up to 30 years|
|Loan Amount||Up to Rs. 5 crores|
|Cheque / Instrument Swap Charges||Rs. 500 per instance|
|Prepayment or Foreclosure Charges||Nil if floating, up to 2% for fixed rate|