Allahabad Bank Chennai - IFSC Code, Rates February 2024, Main Branch

Allahabad Bank Chennai

About Allahabad Bank

If you are in Chennai and looking for any sort of financial help, don’t look further as Allahabad Bank with its widest and exclusive range of services and products is here. This public sector bank with its enormous range of financial products ensures that you always get the best services. Since its establishment in the year 1865, this Government of India Undertaking has been making sure that all its reliable customers around the  world will get the best products in the least time frame. This public sector bank with its thoughtfully designed, exclusive products and customer-friendly services never leaves anyone disappointed.

This is the reason that people living in the beautiful city of Chennai always prefer to avail the financial services and products being offered by this reputed bank. If we talk about its diverse product range, this entity offers loans, insurances, investments, cards and many more to choose from. However, one thing that needs to be mentioned here is the fact that the lender with more than 3,071 branches located at various cities around the country, ensures to meet the very needs of all the customers. In case, you want to know something more about Allahabad Bank in Chennai, you just need to read the page below.

Allahabad Bank Chennai Branches

Branch NameAddressIFSC CodeMICRCustomer Care
Mount Road Branch, Chennai41, Anna Salai, Mount Road, Chennai - 2ALLA0210218600010002044-28516194/ 044-28585641/044-28549262
George Town, Chennai49, Armenian Street, Oreintal Building, George Town, Pin - 600001ALLA0210407600010003044-25342366/ 044-25340149/044-25357356
Jawaharnagar12, First Main Road, Jawaharnagar, Chennai - 600082ALLA0210724600010005044-26705566
Salem104/A, Arunachalan Achari St., Salem - 636001 Tamil Nadu Tamilnadu Salem Tamilnadu 636001ALLA02108706360100020427-2267083
Mylapore, Chennai69, Royapettah High Road, Mylapore, Pin - 600004ALLA0210910600010006044-24980671,
Annanagar, ChennaiE - 4, 3Rd Main Road, Annanagar (West), Pin - 600102ALLA0211042600010004044-26263882
AdyarNo. 19, Padmanabanagar, Ist Street, Adyar, Tamilnadu Tamilnadu, Pin: 600020ALLA0211103600010007044-24917036/ 044-24917046
Chennai V P Colony40/41, Mount Road, Chennai - 600002ALLA0211291600010008044-26460575
T.Nagar, Chennai20, Sir Thyagaraya Road, T.Nagar, Pin - 600017ALLA0211529600010009044-24346650/ 044-24311999
Thousand Lights700, Mount Road Chennai Tamilnadu 600006ALLA0211821600010010044-28297093/ 044-28297083
Chennai Tondiarpet144 Ga Road, Tondiarpet Chennai - 600081 Tondiarpet TamilnaduALLA0211881600010011044-25953803
Ambattur VijayalakshmipuramVijayalakshmipuram, 4A Murugappa Ready St. Extn., Ambattur Venkatapuram, Tamilnadu 600053ALLA0211909600010012044-26570850
International Branch41, Anna Salai, Chennai - Pin – 600002 .ALLA0211957600010013044-28546272/ 044-28547497
Mogappair East1 - C, Ist Main Bazar Road, Mogappair - East Chennai Tamilnadu 600037ALLA0212083600010014044-26566633
Chennai Purasawalkam11/1, (New No. 23) Vellala Street, Purasawalkam, Chennai Tamilnadu 600084ALLA0212118600010015044-26421188
Srcm, ManapakkamBabuji Memorial Ashram, World Headquarters 39 Srcm Road Manapakkam Chennai Tamilnadu, Pin: 600016ALLA0212154600010016044-22522954
Krishna GiriNo 224 - A Chennai Salai Near Round Tana Krishnagiri Chennai Pin - 635001ALLA021231663501000204343-232232
PathamadaiPathamadai Cheranmadevi Block, Ambasamudram Taluk, TamilnaduALLA021232004634-261766
Chennai Recovery BranchChennai Recovery Branch, 112, Sir Thyagaraya Road, T. Nagar, Vairam Complex Chennai Tamilnadu, Pin: 600017ALLA0211998044-28152417
Jafferkhanpet, ChennaiJafferkhanpet, Chennai, Allahabad Bank, Jafferkhanpet Branch, Chennai, No. 98, Pillaiyar Koil Street, Jafferkhanpet, Pin: 600083ALLA0212412600010025
K.K.Nagar, ChennaiK.K.Nagar, Chennai, Allahabad Bank, Kk Nagar Branch, Chennai, No. 1, Kalinga Colony, Pt Rajan Salai, Pin: 600078ALLA0212413600010022
Service Branch ChennaiService Branch Chennai, Oriental Building, 47, Armenian Street Chennai - 600 001 Chennai Tamilnadu, Pin: 600001ALLA0211866044-25358642,
Thiruvanmiyur, ChennaiThiruvanmiyur, Chennai, Allahabad Bank, Thiruvanmiyur Branch, Chennai, New No. 2, Old No.14 Sivasundar Avenue, Thiruvanmiyur, Pin: 600041ALLA0212414600010023
MedipakkamMedipakkam, Allahabad Bank, Madipakkam Branch, Bama Complex, Plot No.3 Madipakkam Main Road, Pin: 600091ALLA0212415600010024
TambaramTambaram, Allahabad Bank, Tambaram Branch, 19, Sivashanmugam Street, Tambaram (West), Pin: 600045ALLA0212398600010021
PorurPorur, Allahabad Bank, Porur Branch, No. 3, Guruswamy Nagar Extension Mugalivakkam, Porur, Pin: 600116ALLA0212395600010019
VelloreVellore, Plot No.83, Guruthoppe, Phase - 2 Sathuvachary Vellore 632009 Tamilnadu, Pin: 632009ALLA02121166320100020416-2258477,
Chennai Sa Engg.CollegeS A Engg. College, Veeraraghavapuram, Tiruverkadu, Chennai - 600077ALLA02124906000100269381815931
NanganallurPlot No. 18, Door No 6, Guru Anugraha Flats, 17Th Street, Nanganallur, Chennai 600061ALLA02130446000100279444954166
OragadamNo 3 By 32, N S Kalaivanar Street, Chenakuppam, Oragadam 602105ALLA02130666000100289842889842
PallavaramNo.3, Pammal Main Road, Pallavaram, Chennai 600043ALLA02130846000100299444895144
NolamburPlot No 1, V G N Nagar, Phase I, Nolambur, Chennai 600037ALLA02132446000100309003158089

Products Offered by Allahabad Bank in Chennai

Be it availing a personal loan, property loan, education loan, home loan or car loan, Allahabad Bank offers all to meet your multiple needs in the best possible way. These products come with the eligibility criteria that you need to match up with, and for that you just need to read the page further.

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.
8.75% - 9.90%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.
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 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
8.05% 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 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

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

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
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.

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%