Allahabad Bank Personal Loan in Hyderabad

Last Updated : March 24, 2017, 3:51 p.m.

About Allahabad Bank Personal Loan Hyderabad

Hyderabad, commonly known as the hi-tech city of India never disappoints those who are looking for a personal loan to meet their various needs. The bank offers this credit facility with lowest rates, flexible tenures, minimal charges and simple documents so as to ensure that applicants have a hassle-free loan journey

Allahabad Bank Personal Loan Hyderabad at a Glance

Apply Personal Loan @ 10.75%* Rate

Eligibility Criteria

For Salaried/Pensioners/Doctors

• Minimum gross monthly salary of the proponent should be ₹ 20,000 and he / she should be a permanent employee with a minimum 2 years service in the same organization.
• The organization proposed for designation must have strength of minimum 20 eligible employees.

• 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.

Documents Required

For Salaried/Self-employed

• 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
• Last 3 years Income Tax Returns with computation of Income
• Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

For Latest Updates Click on Personal Loan Hyderabad

Address of Allahabad Bank Branches in Hyderabad

Allahabad Bank Personal Loan EMI Calculator

Now that you have decided to avail a personal loan from Allahabad Bank in Hyderabad, knowing about an EMI Calculator is helpful for you. A smart and magical device that calculates your monthly installments in a hassle-free manner. This device after taking into account:

• Loan Amount
• Tenure
• Interest Rate

Calculates your EMIs and Interest Outgo in the best way. This online tool works so fast that within few seconds it clears all your confusion and gives you the accurate values in the best way.

Let’s understand this thing with the help of an example below:

Suppose, Ankit Aggarwal, a 30-year-old, PHP Developer by profession is looking for a loan of ₹4 lakh so as to travel to his favourite location. Thus, he has applied for the loan to get the same loan amount. The bank has agreed to offer the loan at an interest rate of 11.75% per annum for a tenure of 5 years. So, take a look at the table below to know the EMIs, Interest Outgo and Total Amount Payable towards the loan.