Allahabad Bank Home loan can be taken to fund your dream house purchase. A home loan is a secured loan, where the house you intend to purchase is considered as collateral. The Allahabad Bank offers loans to borrowers under the Allahabad Housing Finance Scheme for furnishing purposes in new or existing residential flats and houses. The amount of loan entirely depends on the applicant’s net take away monthly salary.
At Loanbaba.com , you will come across information about all types of Allahabad Bank Home Loans in India.
|Allahabad Bank Home Loan Details Updated on|
|Loan Amount||Up to Rs. 5 crores|
|Loan Tenure||1 year to 30 years|
|Interest Rate||8.30% to 9.25%|
Some of the Allahabad bank home loan features are as follows.
At Loanbaba, you can compare and apply for Home loans online. You can check out several housing loans and go through their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, on a single platform. The loan application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
The Allahabad bank home loan interest rate starts at 8.30% to 9.25%, but varies as per individual profile. Keep a check on this page to note the updated Allahabad bank home loan interest rates for the current year. The base rate presently prevails at 9.5%. However, do connect with your nearest branch to stay updated with the latest rate. The interest is applicable as Base Rate + 2% or MCLR + 2%.
Home loan eligibility may differ from one candidate to another. You can also use free-of-cost Allahabad Bank home loan eligibility calculator at Loanbaba.com. The eligibility criteria for Allahabad bank housing loan are discussed below:
Allahabad Bank has home loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.
Below provided are important questions about home loan Allahabad bank in India.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Allahabad Bank.