Features: The bank offers loans for buying consumer durables/ two wheeler/ any other tangible items. Under what is known as the 'Allahabad Bank Saral Loan Scheme', one can get up to 24 month's net salary or maximum Rs.7, 50,000; whichever is less.
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Details of Bank |
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Allahabad Bank (for Salaried) |
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Processing Fee: |
1% of loan amount or Rs 500, whichever is lower |
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Prepayment Charges: |
2% of outstanding amount |
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Guarantor: |
Yes |
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Collateral: |
Yes |
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Allahabad Bank (for Self Employed) |
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Processing Fee: |
1% of loan amount or Rs 500, whichever is lower |
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Prepayment Charges: |
2% of outstanding amount |
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Guarantor: |
Yes |
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Collateral: |
Yes |
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Personal Loan Comparator