Top Banks 2024

Allahabad Bank Jammu

Allahabad Bank Jammu

Last Updated : Jan. 11, 2019, 5:45 p.m.

About Allahabad Bank

If you are looking for a best bank to avail the financial services, don’t look further because Allahabad Bank is the perfect lender that caters all your needs in the best way. Founded in the year 1865 with a vision and mission to deliver nothing but the best banking services, this public sector bank since its inception has been striving hard day and night to transform the way people look at the Indian banking. Headquartered in Kolkata, there is no denying the fact that this Government of India Undertaking leaves no stone unturned to cater the multiple financial needs of one all.

Moreover,with more 3,071 branches located in various cities of the country, there is no denying the fact that this renowned bank gives you best in every form be it a personal loan, home loan, car loan, property loan and education loan. That’s why the people living in Jammu prefer to avail the services and financial products being offered by this leading bank. Furthermore, to get more information about Allahabad Bank and its diverse products, reading this page is worth for you.

Allahabad Bank Jammu Branches

Branch NameAddressIFSC CodeMICRCustomer Care
Jammu67, Vir Marg, (Residency Road) Jammu Tawi Jammu & Kashmir Pin 180 001, Pin: 180001ALLA02104731800100010191-2573486
Jammu Bahu PlazaShop No. 16A & Show Room No.3 Ground Floor, South Block B - 2, Bahu Plaza, Rail Head Complex, Jammu - 180004ALLA02120621800100020991-2472493
SrinagarSrinagar, Stadium Road Opposite : Iqbal Park, Srinagar Jammu & Kashmir, Pin: 190001ALLA02106211900100020194-2455700
Katra VaishnadeviKatra Vaishnadevi, Hotel Mount View, Katra Jammu Road, Dist Udhampur Jammu & Kashmir, Pin: 0ALLA021209818201020101991-232778
Jammu - Transport NagarPlot No 8, Narwal Road, Transport Nagar, Jammu Pin - 180012ALLA021269518001000396975-01520
Talab TilloOpp- Royal Estate Banquet Hall, Jammu-Poonch Highway, Talab Tillo, Jammu-180002ALLA02133841800100049419140654
Gandhi NagarGurudwara Baba Fateh Singh, Gandhi Nagar, Jammu- 180002ALLA02133851800100059419104585
Bari BrahmanaAllahabad Bank Near Jk Oil Mill, Nh 1A Bari Brahmana Distt. Samba Jammu And Kashmir 181133ALLA02134491800100069419181825

Products Offered by Allahabad Bank in Jammu

Avail personal loan, education loan, car loan , home loan and property loan from Allahabad Bank being available in Jammu. With these products, you just need to apply, if you are eligible for the same. However, to know about the eligibility of these products, reading the below table is worth for you.

Basic Details of Allahabad Bank Loans

ProductEligibilityInterest Rate
(in p.a.)
Loan AmountTenureProcessing Fee
Home LoanThe 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 LoanPensioners:
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.
Doctors:
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 LoanSalaried 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 MonthsAbove ₹150 Lac: 0.31%, Min ₹92115
Education LoanStudies 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 YearsFor 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

ProductDocuments
Home LoanDuly 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 LoanSalaried:
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

Self-employed:
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 LoanDuly signed application form
Photographs
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 LoanSalaried 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 LoanAdmission 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.

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