The oldest joint stock bank of the country Allahabad Bank was founded by a group of Europeans in 1865. Allahabad Bank personal loan offers personal loans to doctors and pensioners.  All the state government and central government pension holders and teachers pensioners drawing pension from our branches are eligible for loans under the Allahabad Bank personal loan scheme according to the Allahabad Bank personal loan review. We here at moneysuperbazaar provide you detailed information of Allahabad Bank personal loan offers, Allahabad Bank Personal Loan rate of interest, Allahabad Bank personal loan eligibility, Allahabad Bank personal loan interest rate, procedure to apply for loan, amount of loan disbursement, repayment schedule, pre-closure option etc.

What Is The Allahabad Bank Personal Loan Interest Rate?

Allahabad Bank personal loan interest rate is based on the base rate which is fixed @5%. The Allahabad Bank personal loan rate is Base rate plus 5%. Allahabad Bank personal loan review maintains that Allahabad Bank personal loan interest rate is very elastic and low. The Allahabad Bank personal loan rate is among the best in the industry.

What Is The Allahabad Bank Personal Loan Eligibility Criterion?

Allahabad Bank personal loan review states that the minimum age of the pensioner should not be below 70 years of age as on the date of disbursement of loan. This is one of the major criterion for the Allahabad Bank personal loan eligibility. The quantum of Allahabad Bank personal loan as specified by the Allahabad Bank personal loan review is the lower of Rs. 75,000 or an amount equivalent of 10 months pension including relief. The above mentioned is the condition prescribed for the Allahabad Bank personal loan eligibility. The loan can be procured without giving any specific purpose. The loan amount should not be below RS. 15,000.

What Are The Documents Required For Availing Allahabad Bank Personal Loan?

• Application for processing of loan along with other documents.
• The ITR for the last 2 years.
• Bank statement for the last 2 years.

What Is The Procedure To Apply For Allahabad Bank Personal Loan?

One should contact the nearest branch of the bank with the required documents. A staff representative will guide through the procedures and give regular updates about the status of the loan. Other than this there are many other charges also like processing fees, documentation charges etc based on the Allahabad Bank personal loan rate of interest.

The repayment period of the Allahabad Bank personal loan is 36 months and has to be paid in EMI’s. The penalty for not paying an installment is 2% of the outstanding loan amount. 0.5% of the loan amount is also charged as processing fees besides the Allahabad Bank personal loan interest rate.

Product Page Url Of The Official Site And Contact Details Of The Bank:

For more information log on to official website of www.allahabadbank.com and the information regarding the loans can be availed at http://www.allahabadbank.com/ploan_pensioner.asp