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Allahabad Bank Bengaluru

Allahabad Bank Bengaluru

Last Updated : Jan. 11, 2019, 5:44 p.m.

About Allahabad Bank

With over 3,071 branches nestled at various cities, there is no denying the fact that Allahabad Bank is a name which you can trust. This public sector with its exclusive and diverse range of financial products has already won the hearts of many. This nationalized bank was established in the year 1865 with an endeavor to give an enjoyable banking experience to all its valuable customers. And, the best thing about this bank is the fact that since its inception it has never disappointed anyone and since then ensuring that people get the best of best experience.

The bank with its headquarters in Kolkata makes sure to reach out all its valuable customers so as to fulfill their diverse needs related to any sort of credit loan product, corporate banking, social banking, MSME banking and what not. Moreover, one of the interesting facts about this lender is the fact that it is the oldest joint stock bank in India, offering endless services to all. As a result, the people of Bengaluru don’t look any further when it comes to availing any sort of financial service or product. However, if you are looking for something more, reading this page is worthy for you.

Allahabad Bank Bengaluru Branches

Branch NameAddressIFSC CodeMICRCustomer Care
K. G. RoadNo. 2, Fkcci Building , K G Road , BangaloreALLA0210217560010002080-22262064/ 080-22261599
Bangalore Basavangudi121, Rm Complex, Dr.D.V.Gundappa Road, Basavangudi, Bangalore - 560004ALLA0210326560010003080-26679442
Bangalore Tasker Town180, Shivaji Road, Shivaji Nagar, Bangalore - 560051ALLA0211155560010004080-22865251
Bangalore Jayanagar1540/22, 39 E - Cross, 22 Main Road, 4Th T Block, Jayanagar Dist - Bangalore, Pin - 560041ALLA0211819560010005080-22442627
Bangalore HanumanthnagarBms Engg. College Campus, Hanumanthnagar, Bangalore Karnataka 560019ALLA0212011560010007080-26675727
AvalahalliBms Institute Of Technology, Doodaballarpur Main Road, Vill. Avalahalli, Singanayakan Halli Post, Yelahanka Karnataka 560064ALLA0212019560010009080-28567784
Bangalore Btm Layout947, 16Th Main Road, 2Nd Stage, Btm Layout, Bangalore - 560076ALLA0212029560010008080-26781875
Kalyan NagarNo - 806, 5Th A - Cross 1St Block, H.R.B.R. Layout, Kalyan Nagar Dist. Bangalore Karnataka 560043ALLA0212106560010010080-25454186
IFB BangaloreN - 603, North Block, Manipal Centre, #47, Dickenson Road, Bangalore - 560042ALLA0212292560010011080-25590985/25590987
Banasankari Bangalore297, 100Ft Ring Road, Banasankari, 3Rd Stage, Bangalore - 560085ALLA0212314560010012080-26798444
DharwadBikkannava Bldg, Near Kittel College, Pune Bangalore Road, Dharwad - 580001ALLA02123335800100030836-2445100
HSR Layout Bangalore#1237, 5Th Main Road, 7Th Sector, Hrs Layout Pin 560102ALLA0212350560010013080-25720403
DevanahalliGiddibagilu , Railway Station Road, Behind New Bus Stand, Devanahalli, Distt Bangalore Rural, Karnataka 561120ALLA0212354560010015
Service Branch BangaloreService Branch Bangalore, 13/8 Subedhar Chattra Road, Ganesh Complex, 2Nd Floor Bangalore Karnataka, Pin: 560009ALLA0211944080-22372928
Vijayanagar BangaloreJlr Plaza, 24 Nhbc Society, Nagarbavi Main Road, Saraswati Nagar, Bangalore, KarnatakaALLA0212459560010016080-23408893
Rajanagar Bangalore136, Dr. Rajkumar Road, 1St Block, Rajajinagar, Bangalore - 560010ALLA02125475600100189611668040, 080-23326060
Sahakar Nagar1585, B-Block, 60 Feet Road, Sahakar Nagar, Opp To Diva Medical, Near Ganesh Temple-560092ALLA02126715600100219980003331,
R T NagarR.T Nagar , 324 By 62 Bellary Main Road, Ganga Nagar, Rt Nagar Bangalore 560032ALLA02126725600100197676357104
Rajarajeshwari NagarRajarajeshwari Nagar , 127, 9Th Main Road , Near Nimishamba Temple, Ideal Home, R.R Nagar, Bangalore 560098, KarnatakaALLA02126735600100209008415043
Yehlanka New TownNo 800, M.I.G, Mother Dairy Road, Yelahanka New Town, Bangalore, KarnatakaALLA02126745600100229986878593
BorpatlaBorpatla, Hathnoora, Medak, Andhra Pradesh, Pin- 502296ALLA02126779491948454
ThiruvallaErinjery Building, Mc Road, Ramanchira, Thiruvalla-689107ALLA02127166890100029539257043
ChamrajpetNo: 270, Albert Victor Road, 1St Main Road, Chamrajpet, BangaloreALLA02127175600100238762830631
MalleshwaramNo 62 Ganesh Complex, 6Th Cross Malleshwaram, Bangalore -560003ALLA0212729560010024
Jp Nagar SarrakkiG. R. Plaza, No. 6, 24Th Main Road, Jp Nagar, 5Th Phase, 560078ALLA02127285600100299880125643
IndranagarNo-395, Cmh Road, Indiranagar, 560038ALLA02128315600100259482133551
NagarbhaviNo. 702, 2Nd Main, 2Nd Stage, 11Th Block, Nagarbhavi, 560072ALLA0212865560010028
KamalanagarKamala Nagar No.353 By A-354, West Of Chord, 3Rd Stage, 4Th Block, Basaveshwaranagar, Bangalore - 79ALLA02128665600100268880557729
K R PuramNo.6 & 33, Ss Complex, Ayyappanagar, Devasandra Main Road, Kr Puram, Bangalore - 36ALLA02128675600100279482585670
PalaAllahabad Bank , Ward No.Xix Block No.80, Puliyanoor Village, Meenachil Taluk Pala -686574 KottayamALLA02128306860103028089215004
BannerghattaHulimavu Arekere, Bommanhalli, Bannerghatta Road, Bangalore-560076ALLA0212940560010030961167505
Hennur RoadAllahabad Bank, 161By 2 Sri Hanumakka Patel Ramaiah Complex, Hennur Bangalore Road, Kothanpur Post, Bangalore, Karnataka 560077ALLA02129415600100319886036351
ChikballapurShivari Plaza, No 2444 By 1, Near Milk Dairy, Vapasandra, Chikkaballapur, Pin 562101ALLA02129425620100028970721199
RamnagaraAllahabad Bank Nanjudeshwara Building, B M Road, Vinayak Nagar, Ramnagara, Karnataka 562159ALLA02129435710105529986964583
SomanahalliNo.83, Near Bm Tc Bus Stand, Somanahalli-560082, Bangalore Urban DistrictALLA02132585600100328105628321
Gangavathi5-6, Arikeri Chidanadappa Complex, Opposite Sbm, Koppal Road, GangavathiALLA02132855830103028970721199

Products Offered by Allahabad Bank in Bengaluru

Allahabad bank different financial products such as education loan, personal loan, home loan and car loan to meet your multiple needs. However, as far availing these products are concerned, you just need to read the table below, wherein you will get to know the eligibility of each product in detail.

Basic Details of Allahabad Bank Loans

ProductEligibilityInterest Rate
(in p.a.)
Loan AmountTenureProcessing Fee
Home LoanThe 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.
8.75% - 9.90%Up to ₹500 Lakh(depends on combined income)30 Years0.40% of the loan amount, maximum ₹17,250
Personal LoanPensioners:
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.
10.00% - 15.00%₹25,000-Amount equivalent to annual income or ₹ 5.00 lacs, whichever is less48-60 MonthsNil-1.22% of loan Minimum ₹614
Car LoanSalaried 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
8.05% OnwardsMaximum 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 MonthsAbove ₹150 Lac: 0.31%, Min ₹92115
Education LoanStudies 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 YearsFor 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 LoanDuly 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 LoanSalaried:
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 LoanDuly 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 LoanSalaried 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 LoanAdmission 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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