Allahabad Bank was originally founded in Kolkata, India in the year 1865. The government nationalized that bank in the year 1969. Currently, Allahabad Bank has over 3200+ branches in India done with around 3.4 Trillion of business. It is being merged with Indian Bank in the year 2020.
In this post, I’ll cover the basic details of a personal loan at Allahabad Bank, its eligibility, features, contact details, and many more.
Table of Contents
Loan Details
| Sl. No. | Category | Data |
|---|---|---|
| 1 | Loan amount | Up to 20 Lakhs |
| 2 | Tenure | Up to 60 months (5 years) |
| 3 | Interest rates | 10.00 – 15.00 % |
| 4 | Age | 21 years and above (till 60) |
| 5 | CIBL score | 700 or more |
| 6 | Processing charge | 0.51% |
| 7 | Lowest EMIs | Rs 2,093 per Lakhs |
Steps to apply for personal loan at Allahabad bank
Step-1: Register yourself on Allahabad Banking online portal or visit nearby branch
Step-2: Enter your details in the loan application form
Step-3: Submit the asked documents for verification
Step-4: After verification is done by bank authorities, notice regarding your loan approval will be given to you
Features of Allahabad personal loan
- Attractive loan amount starting from just Rs 15,000
- Multiple schemes varying from person to person are offered
- Less paperwork
- Online application facility also available
Eligibility criteria for Allahabad personal loan
- Applicant’s should be in between 21 to 60 years of age
- Income: Rs 20,000 monthly
- Applicant must be either salaried or self-employed
- CIBL score of the applicant should be 700 or more
Required Documentation for Allahabad personal loan
The necessary documents required for availing personal loan at Allahabad bank are as follows:
For Allahabad salaried applicants
- Identity proof (Passport/Driving license)
- Residential proof (Ration card/PAN card)
- Bank statements (last 6 months)
- Income slips (last 3 months)
- ITRs
- Passport sized photographs
For Allahabad self-employed applicants
- Identity proof (Passport/Driving license)
- Residential proof (Ration card/PAN card)
- Bank statements (last 6 months)
- Firm certificate
- ITRs (last 3 years)
- Passport sized photographs
Comparison of Allahabad bank with other banks
| Sl. No. | Bank Name | Interest rates | Loan amount | Processing charge |
|---|---|---|---|---|
| 1 | ICICI | 10.5-19% | 25 Lakhs | 2.25% |
| 2 | Axis | 10.25% onwards | 15 Lakhs | 2% |
| 3 | IDBI | Till 14% | 10 Lakhs | 2% |
| 4 | Deutsche | 9.9-11.4% | 15 Lakhs | 2% |
Check Status
You can easily track your personal loan status at Allahabad bank by clicking the following button:
Contact Details
India Bank Contact Number: 1800-5722-000
India Bank Toll Free Number – 1800-425-0000
Mail-id: cgrc@allahabadbank.in
Official site: Visit now
FAQs
1]. How to submit a complaint in Allahabad bank?
You can submit the form online and fill-in the required details for verification.
2]. How to calculate EMI for Allahabad bank personal loan?
You can use our Utilloans EMI calculator for taking Allahabad Personal loan.
3]. How do I pay personal loan EMI at Allahabad Bank?
The EMIs are automatically subtracted from your bank account. Or, you can pay it through our online portal.
4]. How to close my Allahabad personal loan?
You can use the online portal or visit any nearest branch and complete the defined procedure.
5]. How can I download Personal loan statement of Allahabad Bank?
You can use the online portal and then download it on your device.
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