Target Group: Allahabad Bank Loan Against Property
People (singly or jointly) such as paid individuals, experts & self-employed and agriculturist/ companies / company.
Eligibility: Allahabad Bank Loan Against Property
- 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.
Minimum 21 years
Maximum 70 years
- 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
- Minimum: Rs. 5 Lac
- Maximum: Rs. 200 Lac
- Highest loan amount for the salaried person: 36 times of Net Monthly Take Home Pay.
- Highest loan amount for Agriculturists: 3 times of net annual income
- Highest loan amount for other borrowers: Up to3 times of the net annual income
Margin: Allahabad Bank Loan Against Property
- 50%in case of Residential/Commercial Building
- 60%in case of Open Land
Facility – Term Loan: Allahabad Bank Loan Against Property
- Any Purpose for meeting business/ personal needs. However, Mortgage to the company for existing business purpose only.
Repayable in 84 Associated Per month Payments.
Security: Allahabad Bank Loan Against Property
- Equitable Loan of the Property against which loan is extended
- In case Company/ Trust/ Society, personal significant partners/ supporter directors/ Trustee/office owner or certified signatory moreover to Reasonable Mortgage.
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