Allahabad Bank Personal Loan Interest Rates

Want to know the personal loan interest rates offered by Allahabad Bank? Well, all you need to do is just read this page. The bank offers different schemes under its personal loan segment. And, for your better understanding, below are the tables showing the interest rates of different schemes. So, take a look at the tables below to know more about Allahabad Bank Personal Loan Interest Rates.

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Allahabad Bank Personal Loan Interest Rates

Allahabad Bank New Saral Loan

ParticularsDetails
Interest Rate12.75% p.a.
Tenure5 Years
Loan Amount₹50,000-7.50 Lakh
Processing Fee1.22% of the Loan Amount, Minimum ₹1,068
Prepayment Charges2.25% of the Principal Outstanding

Personal Loan for Pensioners

ParticularsDetails
Interest Rate11.75% p.a.
Tenure4 Years
Loan Amount₹25,000- 1/ 2 Lakh
Processing Fee1.22% of the Loan Amount, Minimum ₹1,068
Prepayment Charges2.25% of the Principal Outstanding

Personal Loan for Doctors/ Medical Practitioners

ParticularsDetails
Interest Rate13.25% p.a.
Tenure5 Years
Loan Amount₹5 Lakh
Processing Fee1.06% of the Loan Amount, Minimum ₹1,068
Prepayment Charges2.25% of the Principal Outstanding

Allahabad Bank’s Base Rate (BR) w.e.f. 01.12.2017 is 9.60% 2.

Allahabad Bank’s Benchmark Prime Lending Rate (BPLR) w.e.f. 01.12.2017 is 13.85%

Allahabad Bank’s Marginal Cost of Fund Based Lending Rate (MCLR) w.e.f 01.12.2017

TenorRate
Overnight MCLR 7.75%
1-Month MCLR7.85%
3-Month MCLR8.05%
6-Month MCLR 8.15%
1 Year MCLR 8.25%
2 Years MCLR 8.45%
3 Years MCLR8.50%

Allahabad Bank Personal Loan Balance Transfer Interest Rate

Reduce your EMI and Interest burden by opting for a BT Facility offered by Allahabad Bank. If your existing lender is charging you a higher interest rate, you can go for a balance transfer in Allahabad Bank and can save a lot. Currently, the BT rate in Allahabad Bank is 11.75%-13.25% per annum.

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