Allahabad Bank Home Loan in Chennai

Last Updated : March 7, 2017, 2:42 p.m.

About Allahabad Bank Home Loan in Chennai

The beautiful city of Chennai is calling to those who are in urgent need of finances. Yes, if you are looking for any sort of financial help in the form of a home loan, Allahabad Bank is the answer of all your questions. The bank offers the best financial products and quality services to meet the varied needs of all its valuable customers around the globe. Created its niche in the Indian banking sector since the day it was formed in the year 1865, there is no denying the fact that this public sector lender has been striving hard day and night to deliver the best banking experience.

Well, the bank offers plenty of unique and best financial products to choose from, but if we talk about home loan, it is in itself unique in many ways, hence has grabs the attention of many. Right from lowest interest rates, quick disbursal to minimal documentation and easy repayment, this credit facility comes to you without any hassle, hence gives you an opportunity to buy a dream in the gorgeous Chennai. This credit facility is available for all the individuals for a tenure of upto 30 years along with a processing fee of 0.40% of the loan amount. Apart from this, the maximum loan amount being offered by the bank is ₹500 Lakh so that no matter how much loan you need, the bank offers you the same easily.

With over 3,071 branches around the country, the objective of the bank is to cater the needs of all its valuable customers and reach out them in the least time frame. Keeping this thing in mind, people of Chennai trust Allahabad Bank when they want to avail the home loan. If you are looking something more about this leading bank and the home loan it offers, kindly read the page below.

Allahabad Bank Home Loan Chennai at a Glance

Eligibility Criteria

• 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.

Documents Required

• 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

Know More About Home Loan Chennai

Address of Allahabad Bank Branches in Chennai