Allahabad Bank Business Loan

Allahabad Bank | Business Loan | 08-Apr,2021

About Allahabad Bank: Allahabad Bank is one of the largest banks in India and is engaged in the business of debenture and security trusteeship. Allahabad Bank was founded on April 14, 1865, in Kolkata. The banks headquarters are located in Kolkata, India.

Detail: 1) Avail Allahabad Bank Business Loan at a starting interest rate of 14.50%. 2) Candidates must be between the age of 25 to 65 years.

Annual Percentage Rate (APR): 14.50%

Minimum & Maximum period for repayment (Loan Tenure): 12 months to 84 months

Loan processing charges: Rs. 229 per lakh (Max. Rs.22,928)

Late Payment: --

Foreclosure Charges: 2.25%

Partpayment Charges: 2.25%

Maximum Loan Amount: Up to Rs.20 lakh

Allahabad Bank Profile

Sector : Finance

Industry : Regional Banks

Allahabad Bank completed 150 years of its existence on April 24, 2014. Until its merger with another Indian bank, it was the oldest joint-stock bank in India. Currently, Allahabad Bank has a three-tiered organizational structure: Treasury, Corporate or Wholesale Banking, Retail Banking, and other banking operations. The bank has 3,245 branches spread across India.

Know more

You will go on the Official website.

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Loan Type

Allahabad Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 12.15% As offered by the bank 12 Months to 36 Months -- -- -- --
Home Loan 8.25% p.a. Up to 10 Crore 5 years to 20 years Up to 0.40%, Maximum Rs.50,000 -- -- --
Car Loan 1) New car loan: 8.8% to 11.05% p.a. 2) Used car loan: 9.55% to 11.55% p.a. Up to Rs.20 lakh 12 months to 84 months 0.5% of the loan amount -- N/A 3% of the outstanding balance
Business Loan 14.50% Up to Rs.20 lakh 12 months to 84 months Rs. 229 per lakh (Max. Rs.22,928) -- 2.25% 2.25%
Gold Loan 7.0% Per Annum Up to Rs.50,000 6 Months to 60 Months 1% of the Principal Loan -- -- Nil

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