Allahabad Bank Home Loan in Mumbai

Last Updated : May 5, 2018, 10:36 a.m.

About Allahabad Bank Home Loan in Mumbai

When in Mumbai looking for any sort of financial help, Allahabad Bank is the ideal option for you. Established in the year 1865 with a clear vision and mission to deliver the best services and financial products, there is no denying the fact that this lender is best in the city. Formed with a motive to transform the way people look at the Indian banking industry, Allahabad Bank is here to change the game. WIth its innovative approach, creative vision and unique product range, it would not be wrong to say that this renowned bank believes in delivering nothing but the best.

Now when we say best products and services, the bank the home loan to one and all so that people living in Mumbai can become a proud owner of their dream home. This unique and thoughtfully designed product comes to you with the list of features and benefits to choose from. It allows you to avail the loan at a processing fee of 0.40% of the loan amount for a tenure of upto 30 years. Apart from this, the interest rates being offered by the lender is also lowest., hence it will not create a big burden on your shoulder when it comes to repaying the same.

This is the reason that the people of Mumbai prefer to avail the financial services and products being offered by this Government of India Undertaking. With more than 3,071 branches located at plenty of different cities of the nation, this lender makes sure that each and every customer will always remain in touch. That’s why, Allahabad Bank has already become the most prefered choice of the people in Mumbai. In case, you want to know more about Allahabad Bank home loan in Mumbai, read this page further.

Allahabad Bank Home Loan Mumbai 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 Mumbai

Address of Allahabad Bank Branches in Mumbai