Allahabad bank offers personal loans to the indian residents and NRI's at very low interest rates. The Allahabad bank is giving personal loans upto an amount of 20 lakh Indian Rupees for the employed and self-employed persons.
To get eligible to avail allahabad bank personal loans the applicants/borrwoers needs to have an age of atleast 21 years and should also earn an income of minimum 1.35 lakh Rupees per annum.
The People can apply the personal loans from allahabad bank by going to their nearest branch office or can also apply the perasonal loans online at allahabad bank official website (www.allahabadbank.com) by filling a simple application.
The allahabad bank personal loan application will be approved and the loan amount will be granted within 2 days if the applicant submits all required documents perfectly while applying. The allahabad bank personal loan borrowers needs to repay the loan amount in 7 years in EMI's.
Note: This is Guest post written by the admin of loans-personal.info
Wednesday, April 14, 2010
Saturday, March 6, 2010
Allahabad Bank Home Loans
Allahabad Bank Home Loan scheme provides home loans to an individual for purchasing a new house or a flat, renovating an already existing flat or house or even furnishing the house. Allahabad Bank provides home loan to employed persons, self-employed persons and business persons.
Allahabad Bank offers the individual's loans equivalent to the gross salary for 72 months including that of his or her spouse as the loan to the self-employed persons.
Allahabad Bank home loans are offered to the borrowers who wish to construct a new house or a flat or purchase land for construction of house. Allahabad Bank also offers housing loan for purchasing a house which is less than or equal to 25 years old.
NRIs can avail housing loan in order to buy a house as an asset from Allahabad Bank. The borrowers can also avail housing loans for renovation or reconstruction purposes. Allahabad Bank housing loan also comprises of expenses required for purchase of various luxury furniture such as air conditioners, geysers, cots, fridges, tables, etc.
Allahabad Bank offers the individual's loans equivalent to the gross salary for 72 months including that of his or her spouse as the loan to the self-employed persons.
Allahabad Bank home loans are offered to the borrowers who wish to construct a new house or a flat or purchase land for construction of house. Allahabad Bank also offers housing loan for purchasing a house which is less than or equal to 25 years old.
NRIs can avail housing loan in order to buy a house as an asset from Allahabad Bank. The borrowers can also avail housing loans for renovation or reconstruction purposes. Allahabad Bank housing loan also comprises of expenses required for purchase of various luxury furniture such as air conditioners, geysers, cots, fridges, tables, etc.
Monday, February 15, 2010
Allahabad Bank Education Loans
Education Loans offered by Allahabad Bank is quite high in amount as compared to that offered by the other nationalized banks in India. Students who plannned to study in India or abroad can apply for a high sum of education loan from Allahabad Bank.
Any Indian National, who is an adult or a minor student represented by a guardian can apply for the education loan from Allahabad Bank. The applicant will be considered eligible for Allahabad bank education loan if he gets admission to a professional or vocational program on the basis of a selection procedure or an entrance test. However, there can be exceptions made in special cases.
The amount of Allahabad Bank Education Loan is decided on the basis of the applicant's requirement. The maximum amount of education loan for studying in India is Rs 15 lacs while it is Rs 25 lacs for studying abroad.
There is no margin on the education loan amount upto Rs 4 lacs. However on the education loan amount above Rs 4 lacs, there is a margin of 5% and 15% for studying in India and abroad respectively. If you apply for a education loan amount above Rs 4 lacs, you need to submit a 3rd party as a guarantee. When the amount exceeds Rs 7.5 lacs, you need to submit a collateral security along with 25% margin that covers the amount of education loan. In this case, you also need to assign the future income of the student for paying the installments.
The college, hostel or school fee and even exam fee is covered by the Allahabad Bank education loan. Other expenses like cost of buying books, travel expenses, cost of essential equipment, caution deposit, building fund and refundable deposit are also covered in Allahabad Bank education loans. The education loan borrower from Allahabad bank can repay the loan in 5 to 7 years beginning from 6 months after getting a job or 1 year after completing the course, whichever happens earlier.
Note - This is a Guest post from Loansbuzz.com
Any Indian National, who is an adult or a minor student represented by a guardian can apply for the education loan from Allahabad Bank. The applicant will be considered eligible for Allahabad bank education loan if he gets admission to a professional or vocational program on the basis of a selection procedure or an entrance test. However, there can be exceptions made in special cases.
The amount of Allahabad Bank Education Loan is decided on the basis of the applicant's requirement. The maximum amount of education loan for studying in India is Rs 15 lacs while it is Rs 25 lacs for studying abroad.
There is no margin on the education loan amount upto Rs 4 lacs. However on the education loan amount above Rs 4 lacs, there is a margin of 5% and 15% for studying in India and abroad respectively. If you apply for a education loan amount above Rs 4 lacs, you need to submit a 3rd party as a guarantee. When the amount exceeds Rs 7.5 lacs, you need to submit a collateral security along with 25% margin that covers the amount of education loan. In this case, you also need to assign the future income of the student for paying the installments.
The college, hostel or school fee and even exam fee is covered by the Allahabad Bank education loan. Other expenses like cost of buying books, travel expenses, cost of essential equipment, caution deposit, building fund and refundable deposit are also covered in Allahabad Bank education loans. The education loan borrower from Allahabad bank can repay the loan in 5 to 7 years beginning from 6 months after getting a job or 1 year after completing the course, whichever happens earlier.
Note - This is a Guest post from Loansbuzz.com
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