Allahabad Bank Personal Loan Interest Rate 2019
Types of allahabad bank personal loan.
Allahabad bank personal loan interest rate 2019. The interest rate charged by allahabad bank for a personal loan is 9 99 per annum what is the minimum age for getting a personal loan from allahabad bank. Allahabad bank also offers personal loan for pensioners and to doctors and medical practitioners. The top banks offers personal loans at competitive interest rates for a tenure of 1 to 7 years.
You must be 21 years old to apply for a personal loan through allahabad bank. If you are a salaried employee having a salary account in allahabad bank you can avail allahabad bank new saral loan for purchasing a consumer durable item two wheeler or other tangible items that can be validly hypothecated to the bank. The interest rate can change as per the change in the base rate.
If you don t have any asset to pledge against a loan in allahabad apply for a personal loan. Effective 1 april 2020 allahabad bank has merged with indian bank. If borrower taken a loan amount of 2 lakh from allahabad bank as personal loan for 3 years at interest rate of 12 60 than they should pay 6700 32 per month emi for coming 36 months in which total interest payable is 41211 52.
The total which is paid by customer in 3 years are 241211 52. Apply for the loan amount equivalent to 24 times of present gross monthly salary subject to maximum loan limit of rs 7 50 lacs and minimum loan limit of rs 50 000. Just check your eligibility and apply for the loan online.
Allahabad bank new saral loan. The allahabad bank base rate br and the benchmark prime lending rate bplr is 9 70 and 13 95 respectively. Allahabad bank offers the most affordable interest rates at 8 40 12 90 and also charges a processing fee of 1 06 of the loan amount personal loans are one of the most expensive categories of.
If you are interested in availing a loan of inr 5 00 000 from allahabad bank for 5 years for a foreign vacation and the bank is charging you with an interest rate that ranges between 12 10 p a. Allahabad bank offers personal loans to employees of those organisations whose salaries are disbursed through their bank branches. This is called new saral loan.
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