Interest Rate
12.95 - 14
Processing Fee
Loan amount
50000.00 - 750000.00
5 years
Personal loan for employees of government or public organizations, only whose salaries are being disbursed through our Bank Branches.

Apply for the loan amount equivalent to 24 times of present Gross Monthly Salary, subject to maximum loan limit of Rs.7.50 Lacs and minimum loan limit of Rs.50,000.

Loan amount should be assessed in such a manner that net take home salary after taking into account all deductions (existing and EMI of new loan) is not below 40% of the monthly gross salary.

Margin of 10%, to be calculated on the basis of total Assets owned or to be purchased by the borrower.

The loan must be repaid 1 year before loanee’s retirement.

Hypothecation of articles being financed and /or other items of existing article owned by the proponent covering the full value of loan amount required as security.

Guarantee of spouse or parents required in case of unmarried applicants.
Interest Rate
8.45 - 10.45
Processing Fee
Loan amount
25000.00 - 200000.00
5 years
Personal loan for All state Govt., central Govt., teachers’ and allahabad bank’s employee Pensioners whose monthly pensions are credited in the accounts maintained by them with allahabad bank branches.

Apply for the loan amount equivalent of 10 months’ pension inclusive of relief subject to the following maximum limit.

Get loan amount of up to Rs. 2 Lacs for pensioners of age up to 65 years and Rs. 1 Lac for age above 65 years. Age will be reckoned as on date of sanction of loan.

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.

Apply for the loan amount as low as Rs. 25000.

Repay the loan amount within maximum 48 months.

Personal guarantee & under taking required from family pensioner to repay the loan in case of death of pensioner.

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