Allahabad Bank Personal Loan Interest Rates

Salaried Self-Employed
Interest Rate MCLR + 4.0% = 13.45% p.a. MCLR + 5.0% = 14.45% p.a.
Loan Amount 24 times of current Gross Monthly Salary Minimum: Rs.50,000 Maximum: Rs.7.5 lakh Amount equivalent to annual income as per last Income Tax Returns or Rs.5 lakh, whichever lower
Loan Tenure Maximum: 60 months. Maximum: 60 months.
Lowest EMI Rs.1,149.20 per month (calculated for the lowest amount taken for the longest tenure on offer at the lowest rate of interest). NA
Processing Fee 1.22% of the loan amount, subject to a minimum of Rs.614. 1.22% of the loan amount, subject to a minimum of Rs.614.
Prepayment/Foreclosure Charges 2.28% of outstanding balance only in case of foreclosure. 2.28% of outstanding balance only in case of foreclosure.