Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. It is the oldest joint stock bank in India. Allahabad Bank creates a good Housing Loan experience to the Housing Loan Borrowers by way of APPL. It has introduced the facility of APPL (Allahabad Bank Preapproved Limit) for the Housing Loan Borrowers for purchase of Flats / Villas or Ready Built Houses. It certainly gives confidence / comfort to the Borrowers as they can search for property with a pre approved limit in hand. Many property developers / builders prefer customers who are having pre-approved limits in hand. Read on to know more:
|Interest Rate (floating)|| Up to 30 lac: Base Rate i.e. 10.25% p.a
Above 30 lac to 300 lac Base Rate i.e. 10.25% p.a
Above 300 lac up to 500 lac: Base Rate+0.25% i.e. 10.50% p.a.
|Processing Fees||0.2% to 0.60% (Max 12000 to 70000)|
|Loan Tenure||25 years|
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