Allahabad Bank has introduced a new home loan product namely AllBank Aashiana at attractive interest rates and at lower processing fee. The new scheme will be effective December 1, 2011.
According to the press release issued by the Allahabad Bank, The rates of interest on the new home loan will be at 10.75% for loan up to Rs 25 lakh, 11% for loans above Rs. 25 lakh and up to Rs. 75 lakh, and 11.25% for loans above Rs. 75 lakh & up to Rs. 2 crore.
The loan margin amount has been slashed to 15% for loans up to Rs. 20 lakh.
The Allahabad Bank has also introduced flexible repayment schedule up to 25 years with features such as PMI (Progressive Monthly Instalments), availability of lump sum payment from future sources of fund and extension of repayment period up to five years for the salaried class from the date of retirement among others.
The processing fee on such loans has been reduced to half up to December 31, 2011 under the Allahabad Bank's “Festival Bonanza Offer”.
According to the press release issued by the Allahabad Bank, The rates of interest on the new home loan will be at 10.75% for loan up to Rs 25 lakh, 11% for loans above Rs. 25 lakh and up to Rs. 75 lakh, and 11.25% for loans above Rs. 75 lakh & up to Rs. 2 crore.
The loan margin amount has been slashed to 15% for loans up to Rs. 20 lakh.
The Allahabad Bank has also introduced flexible repayment schedule up to 25 years with features such as PMI (Progressive Monthly Instalments), availability of lump sum payment from future sources of fund and extension of repayment period up to five years for the salaried class from the date of retirement among others.
The processing fee on such loans has been reduced to half up to December 31, 2011 under the Allahabad Bank's “Festival Bonanza Offer”.
Well I think nothing gives better information on home loans . Nice post. Keep it up
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