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Allahabad Bank Home Loan in Indore

Allahabad Bank Home Loan in Indore

Last Updated : May 5, 2018, 10:34 a.m.

About Allahabad Bank Home Loan in Indore

Whenever you are in urgent of finances in order to buy your dream home, Allahabad Bank is the ideal option for you. Yes, being established in the year 1865 with a vision to deliver nothing but the best financial products and quality services, it would not be wrong to say that this lender has become the favorite of many people living in the beautiful city of Indore. With headquarters in Kolkata, this Government of India Undertaking since its inception has been striving hard day and night in order to bring a change in the banking sector. Keeping this thing in mind, it offers an exclusive range of thoughtfully designed financial products so that the needs of all its valuable customers can easily be fulfilled.

Yes, amongst its long list of products, the bank fulfills your dream home wish via its best of home loan product. Loaded with multiple benefits and remarkable features such as lowest rates, fastest approval, quickest disbursal, flexible tenures and last but not the least minimal documentation, there is no denying the fact that Allahabad Bank caters the needs of one and all in the least time frame. However, one thing that needs to be mentioned here is the fact that with a plethora of unmatched features, the home of this leading bank has always been high in demand, especially among the people of Indore.

That is why whenever the residents of this wonderful city are in need of finances, they look no further than Allahabad Bank in their vicinity. Moreover, over the years, this bank has created its own position in the banking industry, hence has become the most preferred choice of many. With its core objectives such as delivering the best financial services and enriching the experience of all, Allahabad Bank leaves no stone unturned to impress all its esteemed customers at every nook and corner of the country. So, in case, you want to know more about this bank and its best of financial product, reading this page is worth for you. For more updates read it below.

Allahabad Bank Home Loan Indore at a Glance

ParticularsDetails
Interest Rate (in p.a.)8.75% - 9.90%
Loan AmountUp to ₹500 Lakh
Tenure30 Years
Processing Fee0.40% of the loan amount, maximum ₹17,250
Pre- payment ChargesNil

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

Read Home Loan Indore For More Updates

Address of Allahabad Bank Branches in Indore

Branch NameAddressIFSC CodeMICRCustomer Care
Indore MainIndore Main Branch, 20/1 A New Palasia Indore, M.P. Ph:0731 - 2545253, 0731 - 2548595ALLA02102014520100020731-2545253/ 2545252
Vijay NagarPlot No. 31, Scheme No.54, Vijay Nagar, Opp.Sayaji Hotel, Indore 452010 Phone No. 0731 - 2553655ALLA02119664520100050731-2553655
AjnodAjnod, Vill. & P.O. Ajnod Block - Sanver Dist. Indore Madhya Pradesh, Pin: 453551ALLA021109745301000207321-268720
KanadiaKanadia, Vill. & P.O. Kanadia Dist. - Indore Madhya Pradesh, Pin: 452018ALLA02109824520100070731-2842225
KhudelKhudel, Vill. & P.O. Khudel Dist. - Indore Madhya Pradesh, Pin: 453576ALLA02104764520100060731-2865224
Lasudia MoriLasudia Mori, M.G.C. Compound, Lasudia Mori (Dewas Naka) Dist. - Indore Madhya Pradesh, Pin: 452008ALLA02109834520100040731-2802447
PaldaPalda, Ossan Bagh, Vill. & P.O. Palda Dist. - Indore Madhya Pradesh, Pin: 452001ALLA02109864520100030731-2862415
Semalia ChauSemalia Chau, Vill. & P.O. Semalia Chau Dist. - Indore Madhya Pradesh, Pin: 452016ALLA02113324520100080731-2843222
INDORE BHAWAR KUAN17, Professor Colony, Wadhwani Chamber Bhanwarkuan Road, Indore, 452001,ALLA02125024520100060731-2366401
MehatwaraSel Factory Indore Bhopal Highway, Village Mehatwara, Tehsil-Jawar, District -Sehore, Madhya PradeshALLA02126004660105017560259080
Bangali Chouraha388, Goyal Nagar , Bengali Chouraha Road IndoreALLA02130479425080646
Airport Road Indore6 Anjani Nagar, Airport Road, Indore 452005ALLA02131284520100099977304200
Annapurna Nagar, Indore5, Vishal Nagar, Annapurna Mandir Road, Indore- 452009ALLA02132974520100109827766490

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