Allahabad Bank Loan Against Property

Target Group: Allahabad Bank Loan Against Property

1. People (singly or jointly) such as paid individuals, experts & self-employed and agriculturist/ companies / company.

Eligibility: Allahabad Bank Loan Against Property

1. Income:Income should be lowest Rs.1.20 Lacs yearly (While processing huge of mortgage in situation of combined debtors, earnings of all debtors may be clubbed) In situation of Firm/Company, Net Money Technology regarded as earnings. In a situation of Firm/Company individual earnings of the proprietor/partners/Directors can be put for identifying huge of mortgage available.
2. Age:
   Minimum 21 years
   Maximum 70 years
3. Property: Unencumbered Residential or Professional Residence in the name/s of borrower/s & located at excellent residential or company centers

Loan Amount: Allahabad Bank Loan Against Property

1. Minimum: Rs. 5 Lac
2. Maximum: Rs. 200 Lac
3. Highest loan amount for the salaried person: 36 times of Net Monthly Take Home Pay.
4. Highest loan amount for Agriculturists: 3 times of net annual income
5. Highest loan amount for other borrowers: Up to3 times of the net annual income

 Margin: Allahabad Bank Loan Against Property

1. 50%in case of Residential/Commercial Building
2. 60%in case of Open Land

Facility – Term Loan: Allahabad Bank Loan Against Property

Purpose:

1. Any Purpose for meeting business/ personal needs. However, Mortgage to the company for existing business purpose only.

Repayment:

1. Repayable in 84 Associated Per month Payments.

Security: Allahabad Bank Loan Against Property

1. Equitable Loan of the Property against which loan is extended
2. In case Company/ Trust/ Society, personal significant partners/ supporter directors/ Trustee/office owner or certified signatory moreover to Reasonable Mortgage.

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