Allahabad Bank New Delhi

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About Allahabad Bank

The Capital of India is not only known for its rich culture and tradition, but is also a hub, where a lot of financial firms or institutions can easily be found. This beautiful city is a home of many renowned lenders, and this is the reason that Allahabad Bank with its widest and exclusive range of financial products caters the multiple needs of one and all. Got its identity in the year 1865, this public sector bank is undoubtedly the best in every possible way. With its mission and vision to bring a big and positive change in the Indian banking arena, this lender never disappoints anyone.

This is the reason that people living in the beautiful city of New Delhi are keen to avail the financial services and unique products being offered by this reputed bank. Enlivened with its motto of offering an enjoyable and memorable banking experience, this Government of India Undertaking is undoubtedly the most preferred choice of many. With over 3,071 branches located at various cities of the country, it would not be wrong to say that this lender ensures to reach out all its customers. In case you are looking for something more, you just need to read this page further.

Allahabad Bank New Delhi Branches

Branch Name AddressIFSC Code MICRCustomer Care
Chandni Chowk4398, Chandni Chowk, Post Box No. 1027ALLA0210158ALLA0210158011-23940358/23926888
Hauz QaziAjmeri Gate Bazar, Haus QaziIFSC Code: ALLA0210159110010009011-23230019
Sadar Bazaar4875, Phutta Road, Bara Tuti, Sadar Bazar, New Delhi, Pin: 110006ALLA0210160110010019011-23672636
Scindia House72 - 79, Scindia House Janpath New Delhi, Pin: 110001ALLA0210161110010020011-23313934/12168
Karol Bagh101741, Gurdwara Road, Karol Bagh New Delhi - 110 005., Pin: 110005ALLA0210162110010010011-25721691/25863689
Parliament Street, New Delhi17, Parliament Street, Ground Floor, New Delhi, Pin: 110001ALLA0210163110010026011-23361286/61062,
AlipurVill. & P.O. Alipur New Delhi, Pin: 110036ALLA0210164110010028011-27202272
South ExtnB - 1, Gurdwara Road, South Extension Part - I, New Delhi - 110049ALLA0210289110010021011-24636018
Krishna Nagar341/A/8, Murari Bhawan, Krishnanagar Main Rd New Delhi, Pin: 110051ALLA0210323110010012011-22093256
Lajpat NagarA - 13 Moolchand Shopping Complex, Defence Colony Ring Road, Lajpat Nagar, Pin: 110024ALLA0210363110010013011-24647203
BodellaWz - 12 Vill. Bodella, Vikashpuri, New DelhiALLA0210392110010029011-28537300
BindapurPlot No. 201, Bindapur, P.O. Uttam NagarALLA0210393110010040011-25635171
Timarpur1A, Banarasi Dass Estate, Timarpur, New Delhi, Pin: 110009ALLA0210394110010024011-23810246
Tilaknagar16/27 Tilak Nagar, Main Market, TilaknagarALLA0210395110010022011-25998611/25910256
DhansaVill. & P.O. Dhansa, New Delhi 110073ALLA0210396110010052011-25313620

Products Offered by Allahabad Bank in New Delhi

If you are in New Delhi and are looking for any sort of financial help, Allahabad Bank with its widest range of products such as home loan, car loan, education loan, personal loan and property loan leaves no stone unturned to meet all your desires in the least time frame. However, to know about their eligibility criteria, you just need to read this 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.
8.50% - 9.05 %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.
Doctors:
Individual Doctors & Medical Practitioners. Maximum age: 65 years on date of sanction of loan.
12.00% - 13.00%₹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
8.95%Maximum 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

ProductDocuments
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

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 Loan Duly 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 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.

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