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Allahabad Bank Business Loan

Bank Link

https://www.allahabadbank.in/Loans.aspx
Loan Amount

Min Rs. 1 Lakh and Max Rs. 5 Cr
Interest Rate

Starting from 11.15%
Tenure

12 months to 84 months
Pre Payment Charges

2.25%
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Service Charges

Processing Fee  :    Rs. 229 - per lac, Min Rs. 2,038 Max Rs. 22,928

Early Foreclosure Charges    :    2.25%

Self
Minimum Age (in yrs.)

25 to 65 years
Minimum Income (in Rs.)

PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
Minimum Work Experience (yrs.)

Residence Status (yrs.)

Valid Residence proof
Id Proof

Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
Address Proof

Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
DOB Proof

10th Class Certificate
Financial Docs

  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills

  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card

  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI

  • Copy of Income Tax PAN for 24 months

  • Bank statement of last 6 months
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)

25 to 65 years
Minimum Income (in Rs.)

Regular Income
Minimum Work Experience (yrs.)

Residence Status (yrs.)

Valid Residence proof
Id Proof

Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
Address Proof

Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
DOB Proof

10th Class Certificate
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.
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