Allahabad Bank Ahmedabad

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About Allahabad Bank

Allahabad Bank was founded in the year 1865 and since then there is no looking back. Yes, you read that right! This Government of India Undertaking since its inception is worldwide known for delivering the quality services, unique products to one and all. With its headquarters in Kolkata, this nationalized bank leaves no stone unturned to cater the diverse needs of all its esteemed customers around the globe.This is the reason that be it availing a personal loan, home loan, car loan or education loan, this leading bank never disappoints anyone.

The bank offers an exclusive range of retail credit products to ensures that all its customers can easily fulfill their multiple needs in the least time frame. However, don’t forget, the bank also shares a wide network of more than 3,071 branches located at various locations of the country so that it will always be in touch with all its valuable customers. Keeping this thing in mind, the people living in the beautiful Ahmedabad city avail the best of services and products being offered by this leading bank in the city, hence meeting the needs of all. To know more about Allahabad Bank and its multiple products in Ahmedabad, you are at the right place. Read this page below to get the detailed information on the same.

Allahabad Bank Ahmedabad Branches

Branch NameAddressIFSC CodeMICRCustomer Care
Maskati MarketSthuli Bhadra Building, Reid Road, Maskati Market Ahmedabad - 380002, Pin: 380002ALLA0210181380010002079-22111997
Ashram RoadBhagwati Chambers, Opp.Gujrat Vidyapith, P.O.Navjivan, Ahmedabad - 380014, Pin: 380014ALLA0210320380010003079-27544911
Naranpura3A, Ground Floor, Harish Chandra Park Co - Ope - Rative Society (Near Vijaynagar), Naranpura, Ahmedabad - 380013, Pin: 380013ALLA0210470380010005079-27473390
NarodaGalaxy Avenue, Shop No A 1 &2, Opp. Galaxy Cinema, Nh - 8, Naroda Ahmedabad - 382330, Pin: 382330ALLA0210471380010007079-22812278,
Lal DarwajaSetalvad House, 1St Floor.Mirzapur Road Lal Darwaja, Ahmedabad - 380001, Pin: 380001ALLA0210716380010004079-25506044,
Ranna Park Branch Near Shreekunj Society, Ranna Park Ghatlodia, Ahmedabad - 380 061., Pin: 380061ALLA0211156380010006079-27474568
S P NagarNavin House, Off C G Road Opp S P Seva Samaj Hall, Ahmedabad 380 006, Pin: 380006ALLA0211929380010009079-26460354
Gandhinagar Sarkhej HighwayG - 1 & G - 2 Platinum Plaza, Near Judges Bungalows, Bodakdev, Ahmedabad 380054, Pin: 380054ALLA0212113380010011079-26854640
BapunagarShop No. 110 To 116, Karia Complex, 1St Floor Viratnagar Cross Road, Nh - 8, Pin: 380024ALLA0212308380010015079-22892120, 9924827123
HalolHalol, Ahmedabad, GujaratALLA0212391389010041
Old PolytechnicOld Polytechnic, 13/16, Grand Mall, Nehrunagar, S. M. Road Opp Sbi Zonal Office, Ahmedabad - 380015, Pin: 380015ALLA0212121380010012079-26307427,
Old Sarda MandirOld Sarda Mandir, G - 2/B, Mahalaxmi Tower, Near Vikas Gruh Road, Paladi, Ahmedabad - 380007, Pin: 380007ALLA0212263380010014
Relief RoadRelief Road, 575/1 Relief Road, Ahmedabad 380 001, Pin: 380001ALLA0211820380010008079-25356883
Service BranchService Branch, 3A, First Floor, Harishchandra Park Co - Op Soc Near Vijay Nagar, Naranpura, Ahmedabad - 380013, Pin: 380013ALLA0211559079-27454781
Sola RoadSola Road, Shop No.14 To 16, 1St Floor, Stya Surya Complex, Sola Road Ahmedabad - 380061, Pin: 380061ALLA0212248380010013
ValadValad, Vill. & P.O. Valad Dist. Gandhinagar - 382360 Gujarat, Pin - 382 360, Pin: 382360ALLA0210669231010157079-23277314
NadiadNadiad, 1St Floor, Sona Rupa Building, Near Vaishali Cinema Nadiad - 387 002, Pin: 387001ALLA02118793870100020268-2559684
DharmajAzad Chowk, Opp. Post Office, Dharmaj Village, Taluka: Petlad, District Anand, Pin: 388430ALLA021240538801050102697-244750
Ring RoadShop No 3, 4, Nakshatra 3, 150 Ft Ring Road, Rajkot, GujaratALLA02124329998041672
ManinagarMangalya Square, Shop No. 1 & 2, Opp. Saraswati Prathamik School, Maninagar Char Rasta, Maninagar, Ahmedabad - 380008ALLA0212489380010016079-25466330
SanandSurvey No 31-32, Ground Floor, Nal Sarovar Circle, Sanand Viramgam Highway, Sanand-382110ALLA02125993800100179929210527
ShahibaugNeelkanth Plaza, Shop No. 3-4, Opposite Commissioner Office, Near Axis Bank, Shahibaug, Dist. Ahmedabad 380004ALLA0212766380010019998506236
New RanipShop No.225, Shashwal Opp. Anmol Bungalows, New Ranip, Dist. Ahmedabad 382480ALLA02129053800100217600323159
ChandkhedaShop No.4-6, Highway Mall, Near Amts Bust Stop, Brts Route, Chandkheda, Ahmedabad 382424ALLA02129063800100209414973457
BopalC-3, Amrapali Axiom, Opp. Reliance Petrol Pump, Bopal Junction, Bopal, Ahmedabad, Pin : 380054ALLA02127493800100189413937402

Products Offered by Allahabad Bank in Ahmedabad

If you are in the beautiful city of Ahmedabad and looking for any sort of financial help, reading this page is worth for you. Yes, right from car loan, home loan, education loan to property loan and personal loan, this public sector bank offers all to meet your multiple needs in the best possible way. To know about the eligibility of these products, you need to read the table below.

Basic Details of Allahabad Bank Loans

ProductEligibilityInterest Rate
(in p.a.)
Loan AmountTenureProcessing Fee
Home Loan The minimum age of the applicant at the time of availing the loan should be 21 years.
The maximum age of the applicant at the time of loan maturity should be 70 years.
An individual must have a regular source of income to liquidate the loans.
The housing loan to HUF will not be considered.
The employees who have availed housing loan from their own organizations may also avail housing loan from the bank.
8.40% - 9.00%Up to ₹500 Lakh(depends on combined income)30 Years0.40% of the loan amount, maximum ₹17,250
Personal Loan Pensioners:
Age of the pensioner should not exceed 73 years (Seventy three years) as on the date of disbursement of loan and loan should be fully repaid before attaining the age of 75.
Doctors:
Individual Doctors & Medical Practitioners. Maximum age: 65 years on date of sanction of loan.
8.45% - 12.95%₹25,000-Amount equivalent to annual income or ₹ 5.00 lacs, whichever is less48-60 MonthsNil-1.22% of loan Minimum ₹614
Car Loan Salaried Person :Minimum gross monthly income of ₹ 25,000/-

Agriculturist : Minimum 5 acres of irrigated land holding

Professional & Self-Employed / Businessmen : An IT assessee. With full collateral security, IT assessment order / IT return may be waived.

Retired individuals : Drawing monthly pension of ₹ 15,000/= and above.
Firm/ Companies: Net profit is sufficient to meet repayment of Car Loan
8.95%Maximum of 3 times of Net Annual Income / Net Annual Salary.

Income of spouse / father/ mother/ son/ unmarried daughter can also be clubbed, provided he/she/they become the co-borrower
For New Vehicle :
Individuals: Maximum 84 Months

For Firm/ Companies: Maximum 60 Months

For Pre-owned Vehicle : Maximum 60 months / Residual life of the vehicle, whichever is lower
0.50% of loan Maximum ₹5,750 (Allahabad Bank Employees- NIL)
Property LoanMinimum 21 years & maximum 70 years at the time of sanction of loan.
In case of Firms/ Companies/ Society/ Trust, it should be minimum five years old.

Individual: Income should be minimum ₹1.20 Lacs per annum.
Joint Borrower: While computing quantum of loan in case of joint borrowers, income of all borrowers will be clubbed.
In case of firm/ Company, Net Cash generation (after adding back depreciation) is considered as income for calculation of loan amount and considering repayment capacity.

However, the income will be taken as per audited balance sheet/ IT return of last financial year.
In case of firm, personal income of proprietor/ partners and in case of company personal income of Directors may be clubbed with the income of firm /Company if the source of income is different.
14.1%₹5.00 Lakh-200.00 Lakh108 Months Above ₹150 Lac: 0.31%, Min ₹92115
Education Loan Studies in India (Indicative list):
Approved courses recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc.
Studies abroad:
For job oriented professional/ technical courses offered by reputed universities.
8.95%-10.6% Study in India:
Up to ₹20 Lakh depending on the Institute.
Study abroad: ₹50 Lakh
Upto 15 Years For studies in India
For loan amount above ₹10.00 Lakh -- 0.15%, maximum of ₹3,000/-
For studies abroad
For loan amount above ₹20.00 Lac -- 0.10%, maximum of ₹5,000/-

Documents Required

ProductDocuments
Home Loan Duly Signed Application Form with Photograph
ID Proof
Residence Proof
Processing Fee Cheque
Latest Bank Statements
Property Related Documents-Allotment Copy, Property Agreement Copy, Registration Copy,etc.
Salaried Applicants:
Salary Slips of Last 3-4 Months and Form 16 of Last 2 Years
Last 3 Years ITR with Computation of Income
Last 3 Years CA Certificate/Audited Balance Sheet and Profit and Loss Account
Self-employed Applicants:
ITR of Last 2-3 Years
Profit and Loss Account and Audited Balance Sheet of Last 2-3 Years
Personal Loan Salaried:
Photo ID and age proof
Signed application form with photograph
Residence proof
Last 6 months bank statement
Last 3 months salary – slips
Form 16 or Income Tax Returns

Self-employed:
Photo ID and age proof
Signed application form with photograph
Residence proof
Last 6 months bank statement
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Car Loan Duly signed application form
Photographs
ID Proof
Age Proof
Income Proof
Residence Proof
RC Copy
Used Car-Valuation Copy
Business establishment proof for self-employed:Sales Tax Registration/ VAT Registration/ Service Tax Registration
Utility bills of shops and establishments, etc.
Property Loan Salaried Customers
Loan application form with passport size photographs
Proof of identity and residence proof
Current bank statement and latest salary slip
PAN Card / Form 60
Last 6 months bank transactions statement
Cheque for the processing fee

Self Employed Professionals
Complete loan application form with passport size photographs
Address proof and identity proof
Current bank statement and latest salary slip
Last 3 years income tax certificate for both business and self, last 3 years profit and loss statements and balance sheets
Last 6 months bank transactions statement
Cheque for the processing fee

Self Employed Businessman
Loan against property application form with passport size photographs
Proof of identity and proof of address
Current bank statement and latest salary slip
Profit and loss statements of last 3 years and balance sheet and last 3 years income tax returns (self and business)
Last 6 months bank transactions statement
Cheque for the processing fee
Education Loan Admission letter from the educational institution in which you have got admission giving details of year wise fee, boarding and lodging expense and letter confirming scholarship if you have been accorded any.
Attested copies of age proof, residence proof and birth date.
Self attested passport size photograph of applicant, co applicants and guarantor.
Copy of degree certificates and mark-sheet of previous qualified course
Income proof/latest tax return of co applicants, parents, guarantor (if any).
Details of collateral security along with government approved valuation certificate (if any).
Bank account statement of applicant, copy of passport and visa in case of abroad.

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