Housing Finance Scheme For Furnishing and/or Renovation / Repairing of Existing / New Flats / Houses

Eligibility:

• Existing Allahabad Bank Housing Loan customers, owners of flats/houses having regular income to liquidate the loan amount. Total monthly deduction including proposed loan instalments should not exceed 60% of the monthly income.

Purpose:

• For furnishing and / or repairing of existing / new flats / houses.

Loan Amount:

• Maximum Rs.3 lac

Margin:

• 25%

Click here for Rate of interest

Click here for Processing Fees, Prepayment Penalty, Documentation Charges, Mortgage and other charges

Repayment:

Repayment to start from the next month of disbursement.

a) For Salaried Person: To be repaid within a maximum period of 7 years or length of remaining service, whichever is less.

b) For Others: Within 7 years or attainment of 70 years of age whichever is earlier.

Security:

• Equitable / Supplemental mortgage of flat / house

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