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.
Saturday, March 6, 2010
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