Allahabad Bank Two Wheeler Loan – Interest Rates 2024, Documents

Allahabad Bank bike loans: Get details on Interest rates, documents, loan amount, pre payment charges & processing fees online at deal4loans.

Allahabad Bank Bike loan details:

Interest Rates 8.40% – 11.65%
Max. Loan Amount 1 Lakh
Processing Fees Rs.612
Prepayment Charges 2.25% of Outstanding Balance
Min. Income Rs.15000/- p.m
Loan Repayment 4 years

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You can avail two wheeler loan from Allahabad bank for purchasing ay bike/scooter in India.

Eligibility for allahabad bank two wheeler loan

Borrowers eligibility decided on six months salary or half of the ITR file.

  • Minimum Salary Rs.15000 per month or ITR of Rs.180000 required for availing loan
  • Age should be above 21 year at the time of apply.
  • Rate of Interest: 8.40% + 3.25% per annum (11.65%)

    Guarantee – Guarantee of Spouse and a person of good means.

    Loan Amount: Maximum Rs.1 lakh including cost  of insurance and Road Tax

    Margin: 10% of total cost on road

    Other Products available from Allahabad Bank