Allahabad Bank Home Loan in Mumbai

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

ParticularsDetails
Interest Rate (in p.a.)8.40% - 9.00%
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

Know More About Home Loan Mumbai 

Address of Allahabad Bank Branches in Mumbai

Branch NameAddressIFSC CodeMICRCustomer Care
Vashi Branch, MumbaiUnit No.2, Arenja Arcade, Sector 17, Vashi, Navi Mumbai, Pin: 400703ALLA0211975400010029022-27894498
Fort Branch, Mumbai37, Mumbai Samachar Marg, Fort, MumbaiALLA0210182400010019022-22655739/22662018/22611861
DadarSenapati Bapat Marg, Dadar B.S. Road Post Office Box 7043 Mumbai Maharashtra, Pin: 400028ALLA0210184400010006022-24304828
Kalbadevi63/65, Moraji Kanji Bldg., Dr. Atmaram Merchant Road, (1St Floor), Bhuleshwar Mumbai, Pin: 400002ALLA0210185400010016022-22410404
Kalina Branch, MumbaiA.H. Wadia Tech. Instt. Bldg., 292/11. C.S.T. Road, Santacruz (East), Kalina, P.O. Vidyanagari, Mumbai, Pin: 400098ALLA0210186400010010022-26651719
Parel Branch, MumbaiDr. Ambedkar Road, Parel, Post Box No. 6610 Mumbai - 400 012. Maharastra, Pin: 400012ALLA0210187400010014022-24131618
Mulund Branch, MumbaiShriram Kutir, Sau Laxmibhai School, Navghar Road, Mulund East, Mumbai - 400081ALLA0210261400010013022-21636195
Khar Mumbai`Smriti Plot 383A, 13Th Road, Khar, Mumbai - 400 052 Maharashtra., Pin: 400052ALLA0210302400010011022-26040488,
ChemburVasant Prabhat, Plot No.608, Sion Trombay Road, Chembur Mumbai Maharashtra, Pin: 400071ALLA0210313400010005022-25402261
Peddar Road, Mumbai18, Dr. Gopal Rao Deshmukh Marg (Peddar Rd) P.O. Cumballa Hil Mumbai - 400 026. Maharastra., Pin: 400026ALLA0210371400010015022-23524091/23521167
Thane408, Prakash Bhavan Gokhale Road, Naupada, Thane, Maharastra, Pin: 400602ALLA0210479400010017022-25401340
Juhu Vile Parle, MumbaiA - 2, Model Co - Operative Housing Society, Gazal, Gulmohar Road, Jvpd Scheme, Juhu Vile Parle, Mumbai - 400049ALLA0210523400010009022-26202584/262
NasikShivdarshan (Opp. Circle Cinema), Old Agra Road, Nasik, Maharastra, Pin: 422002ALLA02105814220100020253-2574241/2570961
BhandupSohal Engineering Works Compound, 1St Floor, L.B. Shastri Marg, Bhandup (W) Mumbai Maharashtra 400078ALLA0210624400010004022-25616928
Malad34, Ramchandra Lane, Malad (West), Mumbai - 400 064 Maharashtra., Pin: 400064ALLA0210720400010012022-28820942

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