Allahabad Bank Mumbai - Main Branch, Rates March 2024, IFSC Code

Allahabad Bank Mumbai

About Allahabad Bank

Amchi Mumbai, Bombay or Mumbai, it would not be wrong to say that the city of dreams fulfills the dreams of all. This is the reason that to meet all your needs related to finance, Allahabad Bank is available in the city. Yes, after creating its niche in the Indian banking sector, since its inception in the year 1865, this leading bank is ruling the game. With its exclusive range of products such as personal loan, home loan, property loan, car loan and education loan, there is no denying the fact that this reputed lender is here to stay.

This is the reason that the people of Mumbai or City of Dreams trust this lender and prefer to avail the kind of quality and rich services it offers to one and all. Moreover, the best thing about this bank is the fact that it has more than 3,071 branches or you can say the network, which actually enables the lender to reach out or to be in constant touch with all its customers around the world. Well, if you want to know more about Allahabad Bank and its best of products in the beautiful Mumbai city, you are at the right place. You need to read this page further to get all the information at one place.

Allahabad Bank Mumbai Branches

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

Products Offered by Allahabad Bank in Mumbai

When in Mumbai and looking for any sort of financial help, Allahabad Bank never disappoints you with its best products such as property loan, car loan, personal loan, home loan and education loan. Moreover, the best thing about this product range is the fact that it comes with the eligibility norms, hence to know about the same, you need to read the page further.

Basic Details of Allahabad Bank Loans

ProductEligibilityInterest Rate
(in p.a.)
Loan AmountTenureProcessing Fee
Home Loan 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.
8.75% - 9.90%Up to ₹500 Lakh(depends on combined income)30 Years0.40% of the loan amount, maximum ₹17,250
Personal Loan Pensioners:
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.
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 Loan Salaried 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 Months Above ₹150 Lac: 0.31%, Min ₹92115
Education Loan Studies 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 Years For 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

Home Loan 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
Personal Loan Salaried:
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

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 Loan Duly signed application form
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 Loan Salaried 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 Loan Admission 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.

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%