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Allahabad Bank Home Loan

Bank Link

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

Loan Amount

Upto Rs. 5 crores

Interest Rate

8.70% onwards

Tenure

Upto 30 years

Pre Payment Charges

Nil if floating, upto 2% for fixed rate

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

Service Charges

 Processing Charges :  Upto 1% of loan amount

Self
Minimum Age (in yrs.)

Min 21 and Max 65 years

Minimum Income (in Rs.)

Regular Income Source

Minimum Work Experience (yrs.)

Residence Status (yrs.)

Valid Residence proof

Id Proof

passport, driving license, Voter’s ID card

Address Proof

ration card copy, telephone or electricity bill copy, copy of the passport or the rental agreement

DOB Proof

10th Class Certificate

Financial Docs

  • Filled up loan application form
  • 2 Passport Size Photo
  • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile
  • Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

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

Salaried
Minimum Age (in yrs.)

Min 21 and Max 60 years

Minimum Income (in Rs.)

Regular Income Source

Minimum Work Experience (yrs.)

Residence Status (yrs.)

Valid Residence proof

Id Proof

passport, driving license, Voter’s ID card

Address Proof

ration card copy, telephone or electricity bill copy, copy of the passport or the rental agreement

DOB Proof

10th Class Certificate

Financial Docs

  • Filled up loan application form
  • 2 Passport Size Photo
  • ITR of last 2 years
  • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit
  • Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

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