Allahabad Bank Personal Loan – Interest Rate @10 % | Indian Bank

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.

Loan Details

Sl. No.CategoryData
1Loan amountUp to 20 Lakhs
2TenureUp to 60 months (5 years)
3Interest rates10.00 – 15.00 %
4Age21 years and above (till 60)
5CIBL score700 or more
6Processing charge0.51%
7Lowest EMIsRs 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

  1. Identity proof (Passport/Driving license)
  2. Residential proof (Ration card/PAN card)
  3. Bank statements (last 6 months)
  4. Income slips (last 3 months)
  5. ITRs
  6. Passport sized photographs

For Allahabad self-employed applicants

  1. Identity proof (Passport/Driving license)
  2. Residential proof (Ration card/PAN card)
  3. Bank statements (last 6 months)
  4. Firm certificate
  5. ITRs (last 3 years)
  6. Passport sized photographs

Comparison of Allahabad bank with other banks

Sl. No.Bank NameInterest ratesLoan amountProcessing charge
1ICICI10.5-19%25 Lakhs2.25%
2Axis10.25% onwards15 Lakhs2%
3IDBITill 14%10 Lakhs2%
4Deutsche9.9-11.4%15 Lakhs2%

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


Official site: Visit now


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.

Leave a Comment