Allahabad Bank Personal Loan

Home Personal Loan Allahabad Bank
loading Apply for Personal Loan Starting From 10.50%*
loading

Get Allahabad Bank Personal Loan at lowest interest rates

  • Loan Amount: Varies From Customer to Customer
  • Processing Fees: Upto 1.06% 

Apply for Personal Loan Starting From 10.50%*

Digits Only
Error: Please enter valid amount.
Note: The amount of loan you desire to borrow
Digits Only
Error: Please enter valid amount.
Note: Income is required to check the suitable personal loan for you
Error: Please enter valid amount.
Note: Your company's annual sales/turnoveryou.
Error: Please select mode of salary received
Error: Please select your residence type
Digits Only
Error: Please enter valid amount.
Error: Please select profession years
+91
Error: Please enter a valid number.
Note: We may verify this number later using OTP
Error: Please select current city
Error: Please enter a valid name.
Error: Please enter a valid email address.
Error: Please enter a valid PAN number.
Error: Please enter a valid date of birth.
Error: Please enter a valid Pin Code.

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 18/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 18/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :18/01/2020

More

By submitting this form, I agree to Term of Use

*Offers are from Paisabazaar's partner Banks & NBFCs.

OTP Verification

Verify your mobile

Please enter the OTP we sent via SMS

Didn’t receive your OTP? Send it again
Your OTP resend limit exceeded. Please try again later.
Updated: 18-11-2019 05:36:15 AM

Allahabad Bank offers customised personal loan schemes to different segments of the society. These schemes help an individual to fulfil both personal as well as business needs without any inconvenience. The loan amount offered under these schemes varies from individual to individual, the processing is simple and the interest rates provided are minimal.

Table of Contents
Allahabad Bank Personal Loan - Features and Benefits
Allahabad Bank New Saral Loan
AllBank Vidya
Home Appliances Finance Scheme
All Bank Rent Loan
Overdraft Facility in SB Acc
Loan Against NSC/KVP
Skill Loan Scheme
Loan Scheme for AllBank Doctor Plus
Allahabad Bank Personal Loan - Documents Required
Allahabad Bank Personal Loan - EMI Calculator
Comapre Allahabad Bank Personal Loan VS Other Lenders
How to Apply for Allahabad Bank Personal Loan at Paisabazaar?
Allahabad Bank - Customer Care
Allahabad Bank Personal Loan - Features and Benefits
  • Loan amount: Starting from Rs. 15,000, the loan amount offered by Allahabad Bank under various schemes varies from individual to individual
  • Multiple schemes: Personal loan schemes like AllBank Vidya, Home Appliances Finance Scheme, New Saral Loan, All Bank Rent Loan, etc. is designed to target specific needs of an individual
  • Online application: With minimum documentation and less formalities, you can complete and submit your Allahabad Bank Personal Loan application online without any hassle
  • Attractive interest rates: The interest offered on any of the Allahabad Bank Personal Loan are minimum and ensures affordability
Allahabad Bank New Saral Loan

Allahabad Bank New Saral Loan can be availed for purchasing a consumer durable item, two wheeler or other tangible items that can be validly hypothecated to the Bank. Also, the loan can be availed to meet social, domestic, religious and other expenses. The loan can be availed for up to Rs. 7.50 lakh and repaid maximum by 60 months (has to be fully repaid 1 year before the retirement).

 Allahabad Bank New Saral Loan- Interest Rates and Fees

Interest RateStarts from 10.50%
Processing Fee1.06% of loan amount; Min- Rs. 1068
Prepayment penalty2.25% of Outstanding Balance only in

case of takeover

Allahabad Bank New Saral Loan – Eligibility Criteria

  • You should be an employee of the organisation whose salaries are being disbursed through Allahabad Bank
  • Your minimum monthly income should be Rs. 15,000
  • You should have completed at least 2 years in your current organisation
  • You should be at least 21 years old
  • You will either have to provide guarantee from spouse or parents (in case you are unmarried)
AllBank Vidya

AllBank Vidya is an educational loan scheme that offers financial support to students pursuing higher education in India as well as in abroad. The maximum loan amount offered is Rs. 75 lakh and the loan can be repaid maximum by 15 years.

AllBank Vidya – Interest Rate

Interest RateStarts from 10.50%

 AllBank Vidya – Eligibility Criteria

  • You should have secured admission to a higher education course in either India or abroad though entrance test or merit based selection process after competing HSC (10 plus 2 or equivalent)
  • If you have applied to a university where admission is purely based on the marks scored in qualifying examinations, then cut off marks for loan eligibility is 50%
  • Meritorious Students admitted under Management Quota are also eligible to apply for this loan
Studies in IndiaApproved courses recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc. Click here to get the list of recognised institutions of India
Studies abroadFor job oriented professional/ technical courses offered by reputed universities
Home Appliances Finance Scheme

This loan scheme is offered to purchase any consumer household item. The loan amount offered goes upto Rs. 2 lakh and can be paid by maximum 36 months.

Home Appliances Finance Scheme – Interest Rates and Fees

Interest RateStarts from 10.50%
Processing Fee1.00% of loan amount, minimum Rs 500/-

 Home Appliances Finance Scheme – Eligibility Criteria

  • You should be at least 18 years old
  • Your minimum monthly salary should be Rs. 25,000
  • You should be a full time permanent employee of Govt./Quasi Govt./Public Sector Corporations/Institutes etc.
  • You should have served at least 2 years in the current organisation and should have a left out service of 2 years before retirement
All Bank Rent Loan

All Bank Rent Loan is offered to meet personal as well as business needs but not for speculative purpose. The loan amount starts from Rs. 1 lakh and goes upto Rs. 200 crores and can be repaid by 120 months.

All Bank Rent Loan – Interest Rate and Fees

Interest RateStarts from 10.50%
Processing FeeUp to Rs.25 lacs: 1.06%, Min Rs.2670

Abov Rs.25 lacs to Rs.150 lacs: 0.60%, Min.Rs.28,000

Above Rs.150 lacs: 0.27%, Minimum

Rs.80,100

Prepayment penalty1.98% of Outstanding Balance only in

case of takeover

All Bank Rent Loan – Eligibility Criteria

  • Owners of the property who have let out the same to reputed companies/ shops for commercial purpose/ Industrial/ MNCs/ Banks/ software companies/ PSUs / Reputed Govt. / Semi-Govt. Institutions / Organizations, Financial Institutions, Insurance Companies etc. for their occupation or and also providing services in the form of office infrastructure with/ without manpower etc. (Plug & play model) and have future cash flows / receivables including lease rentals, service charges, Agency Commission assuring Minimum Guaranteed Amount etc. as per agreed terms
  • Owner of the property who have rented out their premises to Allahabad Bank
Overdraft Facility in SB Acc

The loan is offered to an individual to meet emergency expenses. A maximum loan amount of either Rs. 40,000 or one month’s net salary (whichever is less) can be availed and can be repaid within 1 month.

Overdraft Facility in SB Acc – Interest Rate

Interest RateStarts from 10.50%

Overdraft Facility in SB Acc – Eligibility Criteria

All employees of Allahabad’s Bank’s Corporate Clients, whose salaries are disbursed through Saving Bank accounts in Bank.

Loan Against NSC/KVP

The loan is offered to meet personal as well as business needs but not for speculative purpose. The loan amount starts from Rs. 10,000 subject to the following mentioned margin according to the age of NSC/KVP along with no upper limit.

Age of NSC/KVPLoan amountMargin
More than 3 years100% of face valueNIL
More than 2 years but less than 3 years90% of face value10%
Less than 2 years75% of face value25%

Loan Against NSC/KVP – Interest Rate and Fees

Interest RateStarts from 10.50%
Processing Fee0.53% of loan amount, Minimum

Rs.223(Allahabad Bank employees- Nil)

Prepayment penalty2.25% of Outstanding Balance only in

case of takeover

 Loan Against NSC/KVP – Eligibility Criteria

You must have National Savings Certificate / Kisan Vikas Patra in own name

Skill Loan Scheme

Skill Loan Scheme is customised for those parents/guardians whose child is pursuing school education from Nursery to 12th standard. The minimum loan amount offered is Rs. 5,000 and maximum is Rs. 150,000.

Skill Loan Scheme – Interest Rate

Interest RateStarts from 10.50%

Skill Loan Scheme – Eligibility Criteria

  • Any individual who has secured admission in a course run by Industrial Training Institutes (it is), Polytechnics or in a School recognized by Central or State Education Boards or in a College affiliated to recognized University, Training Partners affiliated to National Skill Development Corporation (NSDC) / Sector Skill Councils, State Skill Mission, State Skill Corporation, preferably leading to a Certificate / Diploma / Degree issued by such Organization as per National Skill Qualification Framework (NSQF) is eligible for loan under the Scheme
  • If you are a minor, the bank will obtain a letter of acceptance / ratification from you upon attaining majority
Loan Scheme for AllBank Doctor Plus

The loan is offered to doctors to meet their personal expenses like medical expenses, purchase of household items, setting up of clinic, purchase of medical equipment, etc. The loan amount of AllBank Doctor Plus goes upto Rs. 10 lakh.

Loan Scheme for AllBank Doctor Plus – Interest Rate and Fees

Interest Rate1Y MCLR + 3.00% for all categories of Borrowers. However lower interest rate will be applicable in following cases:

· For Doctors/ Medical Practitioners of Government & Government Aided Medical College/Hospitals drawing salary through Allahabad Bank Branches – applicable rate @ 1Y MCLR+2.00%

· Borrower offering liquid collateral security to cover more than 50% of loan amount – applicable rate @ 1Y MCLR+2.00%

· In case loan is fully secured by liquid security, applicable rate of interest will be 1Y MCLR+1.00%

Processing Fee1.06% of loan amount Minimum of Rs.534.00 + Taxes. Maximum Rs.10,000

Loan Scheme for AllBank Doctor Plus – Eligibility Criteria

  • You must be at least 21 years old and your maximum age should be 65 years
  • You should be a registered doctor and medical practitioner in any stream (Medicine, Homeopathy, Ayurvedic, Veterinary etc.)
  • You should be working in India
Allahabad Bank Personal Loan - Documents Required

The documents to apply for Allahabad Bank Personal Loan will vary as per the scheme you select. However, the basic documents that would be required are as follows:

  • Photo identity proof(any one document): Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
  • Address proof(any one document): Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
  • Salary proof: Last 3 months/6 months’ bank statement (dependent on scheme) showing salary credits, Latest Salary Slip
Allahabad Bank Personal Loan - EMI Calculator

Paisabazaar’s personal loan EMI calculator can save you from borrowing more than you can repay. The calculator is an online tool that is available online and helps you to calculate the EMIs for Allahabad Bank Personal Loan within seconds just by selecting the desired:

  • Loan amount
  • Tenure
  • Interest rate
Comapre Allahabad Bank Personal Loan VS Other Lenders
ParticularsAllahabad BankHDFC BankCiti BankICICI BankBajaj Finserv
Interest RateStarting from 10.50%11.25% to 21.50%Starting from 10.99%11.50% to 19.25%Starting from 12.99%
TenureVaries from customer to customer12 to 60 months12 to 60 months12 to 60 months12 to 60 months
Loan amountVaries from customer to customerUpto Rs. 40 lakhUpto Rs. 30 lakhUpto Rs. 20 lakhUpto Rs. 25 lakh
Processing FeeUpto 1.06% of loan amountUpto 2.50% of the loan amountUpto 3% of the loan amountUpto 2.25% of loan amount plus GSTUp to 3.99% of the loan amount
 Apply NowApply NowApply NowApply NowApply Now
Allahabad Bank - Customer Care
  • You can call on 1800-5722-000
  • You can send a mail on cgrc@allahabadbank.in
  • You can write a letter to Allahabad Bank, Head Office, 2 Netaji Subhas Road , Kolkata -700001
FAQs
Will I get a personal loan from Allahabad Bank if I have a bad credit score?
How can I apply for Allahabad Bank personal loan offline?
Can I repay Allahabad Bank personal loan?
Will I get a personal loan from Allahabad Bank if I have a bad credit score?

No, to avail a personal loan from Allahabad Bank, it is necessary to maintain a good credit score.

How can I apply for Allahabad Bank personal loan offline?

You can either call customer care or can visit the nearest branch.

Can I repay Allahabad Bank personal loan?

Yes, you can prepay Allahabad Bank personal loan along with a prepayment fee.

Did you find this article helpful? Rate it.

Allahabad Bank Personal Loan
(4.6/5 ) 744 Reviews
Write a review
Jun 29 , 2019
5/5
right information

Its not about just selling a product. Its about giving the right experience by Allahabad bank regarding the personal loans.

Jun 29 , 2019
5/5
updated with useful info

Apply and you will see the Allahabad Bank representatives making sure you are kept updated.

Jun 29 , 2019
5/5
accurate information regarding loans

Paisabazaar webiste is very accurate, when it comes to the rates and the offers that are ongoing.

Jun 28 , 2019
5/5
cares every customer

Inspite of the fact that they were busy they still cared and ensured that i was taken care of at Allahabad bank.

Jun 28 , 2019
5/5
updated with useful info

Apply and you will see the Allahabad Bank representatives making sure you are kept updated.

Jun 28 , 2019
5/5
Homely staff

Scared and apprehensive and i was put to ease by the homely staff of Allahabad Bank bank.

Jun 28 , 2019
5/5
great assistance

Allahabad Bank made me believe that banks are made for assisting people and not just for business.

Jun 28 , 2019
5/5
Good experience

Its a good experience for being an Allahabad Bank customer and gaining personal loan in shortest time.

View All Reviews
Menu