The Allahabad bank is the oldest joint stock bank in India. The Total business of the bank in the financial year of 2017-18 was Rs. 3.8 trillion. The bank has many products like wealth management, retail banking, online banking, credit cards, loans, insurances; The Allahabad Bank Personal Loan is one of them, which most popular and most buying loan. The bank has different personal loans for different categories of individuals which are listed below.

What is a Personal Loan?

Personal Loan is a financial aid provided to the customers to fight with the financial crisis. It is also known as an unsecured loan. Anybody with a good source of income can apply for a Personal Loan. However, the bank puts more checks on the customer but this is basic criteria to get eligible for a Personal Loan. Furthermore, you can use this loan amount anywhere in your Personal Life. There is no end use restriction on the usage of the loan amount.

Allahabad Bank Personal Loan Uses

However the bank does not put any restriction on the use of the loan amount, but still, there are some common reasons for which people prefer to getting a personal loan.

  1. For educational purposes.
  2. Sometimes people get a personal loan to bear the wedding expenses.
  3. People also prefer to get a personal loan to pay the credit card bills or to pay the medical bills.
  4. Home renovation can also be a reason to get a personal loan.
  5. Besides that to buy a second-hand car can also be a reason to get a personal loan.
  6. Furthermore, some people prefer to get a personal loan to boost their business.
  7. Farmers prefer to get a personal loan for agricultural activities.
  8. No matter what your financial needs are, Allahabad Personal Loans help you fulfill them.

Allahabad Bank Personal Loan Features

  1. The procedure is simple, documentation is minimal, and approval is quick.
  2. Allahabad Bank offers personal loans at less interest rate. The benefits of taking a personal loan from Allahabad Bank are listed below.
  3. Avail loans from Rs.50, 000-50 lakh*
  4. Quick Approval & hassle-free processing
  5. Minimal paperwork
  6. Flexible repayment options
  7. Beside this, you can apply online for an Allahabad Bank personal loan.
  8. There is no need for any collateral because a personal loan is an unsecured loan.
  9. Repay with easy EMIs
  10. The convenience service at your doorstep.

Allahabad Bank Personal Loan Benefits

  1. From Rs.50, 000 - 50 lakh* loans are avail: From Rs.50, 000 - 50 lakh* you can avail of a loan for any purpose based on your income and repayment capacity and fulfill all your financial needs.
  2. Quick approval: With a Personal Loan of Allahabad Bank, turn your dreams into reality in as less as 72 hours.
  3. Hassle free processing and Minimal paperwork: Leave you tension and hassle-free on our minimal document requirements. Worries are kept at bay additionally, as no security or collateral is required.
  4. Options of Flexible repayment: For salaried customers, our flexible loan tenors are range from 12 - 60 months and for people in business or professionals, who don't overburden you with a worry to pay heavy EMIs are range from 12- 36 months.
  5. Document Pickup Service at your doorstep: Fix an appointment with any of our representatives and your loan formalities can be assisted by them.
  6. Interest Rates: 10.75% to 24%.

Eligibility Allahabad Bank Personal Loan

Criteria

Salaried individuals

Professionals

Businessmen

Profile

Must be working for a Public Ltd co./ MNC/ large Pvt Ltd co.

Must be a Doctor (MS, MD, MBBS, BDS), C.A., Architect, Consultant, Interior Designer

Must have a clean payment track record of more than 1 year of a previous loan.

Age

23 - 58 yrs 

23 - 58 yrs

23 - 58 yrs 

Income

Net monthly salary of Rs. 18,000/- with no loans outstanding.

Filed IT returns of Rs. 2.5 Lacs or more for the last 3 years.

Filed IT returns of Rs.2.5 Lacs or more for the last 3 years

Min education

Graduate

Professional degree

Graduate

Residence telephone

Required

Required

Required

Yrs in city

Min 1 yr

Min 1 yr

Min 1 yr

Experience in Total work

Min 1 yr

Min 5 yrs

Min 5 yrs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Besides that, the Credit Score or CIBIL Score of the applicant should be 700 at least. If the CIBIL Score is less than 700 then the bank will not provide you the Personal Loan. CIBIL Score matters a lot while getting a Personal Loan.

Allahabad Bank Personal Loan Documentation

To avail a Personal Loan, you will need to provide the following documents

Document

Salary of individuals

Professionals

Businessmen

1 photograph

Yes

Yes

Yes

Details of Identity

Yes

Yes

Yes

Details of Residence

Yes

Yes

Yes

Signature verification from the bank

Yes

Yes

Yes

Certificate of Degree & Certificate of practice

No

Yes

No

Record of Payment track

Yes

Yes

Yes

Details of Income

Form 16 and Latest pay slip (Form 16 required only when applying under holiday finance)

Balance Sheet and IT returns P/L statement of account for the last 2 yrs

IT Returns and Balance Sheet & P/L statement of Account for the last 2 years

Statements of bank account

On last 3 months

On last 6 months

In the last 6 months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How Can You Apply?

You are advised to apply for Allahabad Bank personal loan on the website of Dialabank.

  1. Visit www.dialabank.com.
  2. Fill the application form.
  3. Enter your name, your contact number, and other mentioned fields.
  4. After that click on the apply button.
  5. You will get a call back automatically.

Why dialabank.com?

  1. Dialabank is India’s first financial helpline so, there is no trust issue.
  2. The procedure to apply for a personal loan is very easy here.
  3. Besides that, you can get affordable rates of interest rates.
  4. Dialabank also provides the document pickup facility from your doorstep. There is no need to go to any bank branch physically to submit the documents. Other Leading Personal Loan Providers (Click to Apply)

FAQ’s

How much can I get?

Ans: Loan you get for minimum will be Rs.50,000, and maximum will be 50 lakh*.

How long does it take?

Ans: It will take at least 72 hours to disburse the loan amount.

What service will be provided?

Ans: Fix an appointment with any of our representatives and your loan formalities can be assisted by them.

 

Other Personal Loan Providers

ICICI Bank Personal Loan YES Bank Personal Loan
Allahabad Bank Personal Loan Axis Bank Personal Loan
Andhra Bank Personal Loan Federal Bank Personal Loan
Kotak Bank Personal Loan Bajaj Finance Personal Loan
 
REMINDER SERVICES EMI CALCULATOR

PERSONAL LOAN INTEREST RATES

Reminder Services EMI Calculator Personal Loan Interest Rates

 

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.