Allahabad Bank Personal Loan

• 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 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

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 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

 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

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

 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 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

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

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

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.

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.

Loan Against NSC/KVP – Interest Rate and Fees

 Loan Against NSC/KVP – Eligibility Criteria

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

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

Skill Loan Scheme – Interest Rate

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

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

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

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

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

• 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

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

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