|
Allahabad Bank - Property Scheme |
 |
|
 |
|
Product Name: |
Property Scheme |
|
Loan Details
Loan Type: |
Loan Against Property
|
| Amount Requested: |
Rs.100,000 |
| Total Interest: |
Rs.22,167 |
|
Interest Rates
Interest Rate: |
13.50%
|
| Eligibility Notes: |
Quantum of Loan
Maximum loan amount for salaried person should not exceed 72 times of net monthly take home pay
Maximum loan amount for borrower other than salaried persons should not be more than 6 times of the net annual income as per latest I.T return
The maximum loan is restricted to 50% of value of property |
|
Other Loan Features
Loan Amount: |
Rs.100,000 to Rs.15,000,000 |
| Security: |
Equitable mortgage of the property |
| General: |
Loan Purpose
For meeting business or personal needs but not for speculative purpose |
|
Fees Processing Fees: |
1% For up to Rs 25 lacs (Minimum Rs 2,500)
Above Rs 25 lacs to Rs 150 lacs 0.5% of loan amount (Minimum Rs 25,000)
Above Rs 150 lacs 0.25% of the loan amount (Minimum Rs 75,000) |
| Prepayment Charges: |
2% of outstanding balance if prepaid within 1 year, after that 1% in case of takeover |
|
 |
|
|
Email Page to a Friend
| Privacy Policy
| Terms of
Use
