{"id":163,"date":"2018-02-21T00:25:32","date_gmt":"2018-02-20T18:55:32","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=163"},"modified":"2018-02-21T00:39:43","modified_gmt":"2018-02-20T19:09:43","slug":"900058-allahabad-bank-current-personal-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900058-allahabad-bank-current-personal-loan-interest-rates.html","title":{"rendered":"Allahabad Bank – Current Personal Loan Interest Rates"},"content":{"rendered":"

Allahabad Bank – Current Personal Loans Interest Rates<\/strong><\/p>\n

New Delhi (Delhi, India), February 21, 2018<\/p>\n

Allahabad Bank Cuts Personal Loan Interest Rate to 12.75% Per Annum<\/strong><\/p>\n

The Allahabad Bank has decreased its personal loan interest rates by 0.20 percent, or 20 basis points with effect from Friday, December 01, 2017.<\/p>\n

Allahabad Bank has revised its personal loan minimum interest rate from 12.95 percent to 12.75 percent per annum (MCLR-1Year + 4.50%) for Allahabad Bank personal loan applicants.<\/p>\n

The personal loan interest rate of Allahabad Bank is benchmarked or linked to its One-Year MCLR (Marginal Cost of Funds based Lending Rate). Allahabad Bank’s current One-Year MCLR, which is called MCLR-1Y, is 8.25 percent per annum with effect from Friday, December 01, 2017.<\/p>\n

Allahabad Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail Allahabad Bank personal loans.<\/p>\n

Allahabad Bank – Current Personal Loan Interest Rates for the New Loans<\/strong><\/p>\n

Allahabad Bank Personal Loan Interest Rate for Salaried and Self-Employed Applicants:<\/strong> 12.75% Per Annum<\/p>\n

Allahabad Bank Personal Loan Interest Rate for Pensioners:<\/strong> 11.75% Per Annum<\/p>\n

Allahabad Bank Personal Loan Interest Rate for Doctors or Medical Practitioners Applicants:<\/strong> 13.25% Per Annum<\/p>\n

Allahabad Bank Personal Loans Rate of Interest is Floating or Fixed:<\/strong> Fixed Rate of Interest<\/p>\n

Allahabad Bank Personal Loan Processing Fee:<\/strong> 1.22% of the Personal Loan Amount (Minimum Rs. 609 Maximum Rs. 5,000 plus GST)<\/p>\n

Allahabad Bank Personal Loan Documentation Charges:<\/strong> Rs. 250 plus GST<\/p>\n

Allahabad Bank Personal Loan Minimum Borrowing Amount:<\/strong> Minimum Personal Loan Amount is Rs. 50,000<\/p>\n

Allahabad Bank Personal Loan Maximum Borrowing Amount:<\/strong> Maximum Personal Loan Amount is Rs. 5,00,000<\/p>\n

Minimum Tenure for the Allahabad Bank Personal Loans:<\/strong> Minimum Personal Loan Tenure is 12 Months<\/p>\n

Maximum Tenure for the Allahabad Bank Personal Loans:<\/strong> Maximum Personal Loan Tenure is 60 Months<\/p>\n

Minimum Net Income Requirement for Availing Allahabad Bank Personal Loans:<\/strong> Minimum Net Income Required is Rs. 12,000 Per Month<\/p>\n

Minimum Age Limit for Getting the Allahabad Bank Personal Loan Sanctioned:<\/strong> Minimum Age 21 Years at the Time of Personal Loan Commencement<\/p>\n

Maximum Age Limit for Getting the Allahabad Bank Personal Loan Sanctioned:<\/strong> Maximum Age 75 Years for Salaried Applicants and 70 Years for Self-Employed Applicants at the Time of Personal Loan Maturity<\/p>\n

Allahabad Bank Personal Loan Prepayment Penalty:<\/strong><\/p>\n

No prepayment allowed within 12 months from the date of disbursement of the Personal Loan<\/p>\n

4% of the Principal Outstanding plus GST within 13 to 24 months from the date of first EMI of Personal Loan<\/p>\n

3% of the Principal Outstanding plus GST within 25 to 36 months from the date of first EMI of Personal Loan<\/p>\n

2% of the Principal Outstanding plus GST after 36 months from the date of first EMI of the Personal Loan<\/p>\n

Allahabad Bank Personal Loan Pre Closure Charges:<\/strong><\/p>\n

No foreclosure allowed within 12 months from the date of disbursement of the Personal Loan<\/p>\n

4% of the Principal Outstanding plus GST within 13 to 24 months from the date of first EMI of Personal Loan<\/p>\n

3% of the Principal Outstanding plus GST within 25 to 36 months from the date of first EMI of Personal Loan<\/p>\n

2% of the Principal Outstanding plus GST after 36 months from the date of first EMI of the Personal Loan<\/p>\n

Charges for Allahabad Bank Personal Loan EMI Late Payment:<\/strong> Minimum 2% Per Month of the Allahabad Bank Personal Loan EMI Outstanding Amount plus GST<\/p>\n

Allahabad Bank Personal Loan EMI Cheque, SI, or ECS Bounce Charges:<\/strong> Rs. 500 plus GST<\/p>\n

Different Options for Making Allahabad Bank Personal Loan EMI Payments:<\/strong> The four options for making Loan EMI payments are Internet Banking, Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)<\/p>\n

Security, Collateral, or Guarantor Requirement for the Allahabad Bank Personal Loan:<\/strong> No Security, Collateral, or Guarantor is Required<\/p>\n

Documents Required for the Allahabad Bank Personal Loan:<\/strong> (1) Allahabad Bank Filled up Personal Loan Application Form, (2) Two Passport Size Photos, (3) Income Tax PAN Card Cop, (4) Identity Proof – Passport, Driving License, PAN Card, Voter ID Card (Any One), (5) Residential Address Proof, and (6) Income Documents<\/p>\n

Allahabad Bank – Deposits and Loans Interest Rates<\/strong><\/a>
\nCurrent Deposits and Loans Interest Rates of Allahabad Bank<\/p>\n","protected":false},"excerpt":{"rendered":"

Allahabad Bank has decreased its personal loan interest rates by 0.20%, or 20 basis points with effect from Friday, December 01, 2017. This interest rate cut will reduce the cost of funds for those people who want to avail Allahabad Bank personal loans.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[133,140,146,47,58],"class_list":["post-163","post","type-post","status-publish","format-standard","hentry","category-banking","tag-allahabad-bank","tag-allahabad-bank-interest-rates","tag-allahabad-bank-personal-loan","tag-current-interest-rates","tag-personal-loan-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=163"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/163\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}