Allahabad Bank Gold Loan:

The bank was founded in the city Allahabad. It was originally founded by a group of Europeans. Allahabad Bank goes ahead and gives Allahabad Gold Loan primarily to

• Farmers
• Agriculturists
• Existing Clients
• Any other clients introduced by existing clients

Allahabad Bank Gold Loan Review states that it is an attractive loan which customers are willing to take as the Allahabad Bank Gold Loan Interest Rate is attractive and the Allahabad Bank Gold Loan Eligibility is easy to achieve.

Allahabad Bank Gold Loan Interest Rate:

The current Allahabad Bank Gold Loan Interest Rate is discussed below.

Allahabad Bank Gold Loan Interest Rate for agricultural purposes for amount up to Rs. 50,000 is BR + 0.75%

Allahabad Bank Gold Loan Rate for agricultural purposes for amount up to Rs. 50,000 to Rs. 2,00,000 is BR + 2%

Allahabad Bank Gold Loan Rate for agricultural purposes for amount up to Rs. 2,00,000 to Rs. 5,00,000 is BR + 3.50%

Allahabad Bank Gold Loan Rate for other purposes for amount is BR + 4.00%

Allahabad Bank Gold Loan Eligibility:

According to the Allahabad Bank Gold Loan review the Allahabad Bank Gold Loan Eligibility criteria are:

• ·Farmers and agriculturists with good dealing with the bank are eligible for the Allahabad Bank Gold Loan rate.
• ·Farmers can also avail cash credit facility based on scale of finance at the current  Allahabad Bank Gold Loan rate.
• ·The customer needs to produce documents which states his ownership of the land for Allahabad Bank Gold Loan Eligibility.

Allahabad Bank Gold Loan Rate For Per Gram Gold:

The Allahabad Bank Gold Loan Rate for 22 carat gold is Rs. 1100 per gram.

The Allahabad Bank Gold Loan Rate for 20 to 21 carat gold is Rs. 850 per gram.

The Allahabad Bank Gold Loan Rate for 18 to 19 carat gold is Rs. 750 per gram.

Allahabad Bank Gold Loan Documentation:

According to the Allahabad Bank Gold Loan Review these documents are required for Allahabad Bank Gold Loan Eligibility:

Filled Application Form

Two Photographs

Proof Of Identification

Proof Of Residence

Additional Documents Required For Allahabad Bank Gold Loan :

Proof Of Income

Proof of Ownership of Land

Bank Statements

Affidavit stating the ownership of the gold.

Allahabad Bank Gold Loan Review shows that Allahabad Bank Gold Loan can be availed for maximum loan tenure of  3years which can be repaid in equated monthly installments or post dated cheques. For agriculturists the repayment of the loan will be tied according to the harvest season. In case of cash credit it is the repayment needs to be made on demand.  The loan will be processed according to the banking procedure once the documents have been submitted. The loan can be prepaid however the prepayment clause needs to be found from the bank.

Allahabad Bank Gold Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Allahabad Bank Gold Loan eligibility and Allahabad Bank Gold Loan Interest Rate etc. are on the official site at http://www.allahabadbank.com/