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ALLBANK AASHIANA (A new Home loan scheme)

Eligibility

Salaried persons, Professionals & Self-Employed and Businessmen havingregular income to liquidate the loans

Age

Minimum: 21 yearsMaximum: Age of retirement for salaried class & 70 years for others.

Purpose:

For construction of residential house on land already owned. For purchase of New / Old / Unfinished house/flat and renovation

/extension /repair of the same. For purchase of plot and construction of house thereon For renovation / extension / repair of residential house already

owned.

Loan amount:

For salaried persons: Up to 60 times of monthly gross salary(Maximum: Rs. 200 Lac)

For others: Up to 4 times of gross annual Income (Maximum: Rs. 200

Lac)

Nature of Loan: Term Loan

Margin:

For loans up to Rs. 20.00 Lacs - 15% of Project cost.

For loans above Rs. 20.00 Lacs - 20% of Project cost.

Project cost consists of:

Purchase price of land/house/flat. Cost of construction/renovation/extension (if applicable)

Stamp duty and registrations charges as applicable. Accrued interest amount of moratorium period, if proposed to be

capitalized Premium of Loan Insurance.

Click here for Rate of interest

Click here for Processing Fees, Prepayment Penalty,

http://www.allahabadbank.com/creditschemes.asp#househttp://www.allahabadbank.com/creditschemes.asp#househttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/creditschemes.asp#house

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Documentation Charges, Mortgage and other charges

Security:

Primary: Equitable / Registered Mortgage of the propertyOr

Pari-Passu / Second charge over the property if the borrower (salariedperson) has already availed loan from his/her organization.

Rate of Interest:

Upto Rs. 25

Lac

Above Rs. 25 Lac and

up to Rs.75 Lac

Above Rs. 75 Lac and

up to Rs.200 Lac

BR BR+0.25% BR+0.50%

Repayment Period:

Salaried Persons : Length of remaining service, Maximum 25years

Others : Remaining period in attaining the age of 70, Maximum20 years

Repayment period will be exclusive of moratorium period.Moratorium Period :

Maximum 18 months : In case of loan for construction of housewhere land is already owned or purchased.

Maximum 24 months : In case of loan for purchase of Flat underconstruction.

Special Features :

Repayment option for salaried persons To extendedrepayment period up to 5 years after retirement

Bullet Payment To deposit some Lump Sum amount fromfuture cash flows and to amend repayment scheduleaccordingly

Progressive Monthly Installments (PMI) Options - Under this,the initial monthly installments for the first 5 years shall be keptlower i.e. @ 80% of normal EMI, for financial comfort which will be

increased gradually/. Take over of housing loans from other finance companies /

financial institutions / banks.

For acquiring 2nd residential unit. Supplementary Finance for carrying out alterations/

additions/repairs to the house/flat or for finishing

Supplementary / Additional finance to individuals who haveavailed housing loans from their employer on the basis of pari-

passu charge / Second Charge

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Insurance cover to the extent of loan liability for entire repayment. 3rd Party Guarantee not required

Allahabad Bank Education Loan Scheme

Eligibility:

Indian National who has secured admission to professional/ technicalcourses in recognized institutions in India or Abroad through Entrance Test/Merit Based Selection Process after completion of H.S.C. (10 plus 2 ORequivalent).

Courses Eligible:

Courses eligible for study in India:

Approved courses leading to Graduate/ Posy-Graduate degree and P.G.Diplomas conducted by recognized Colleges/ Universities recognized by

UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.

Courses like ICWA, CA, CFA etc. Courses conducted by IIMs, IITs/ IISc, XLRI, NIFT, NID etc. Regular Degree/ Diploma Courses like Aeronautical, Pilot Training, Shipping

etc. approved by Director General of Civil Aviation/ Shipping, if the courseis pursued in India.

Approved courses offered in India by reputed Foreign Universities.Courses eligible for Study abroad:

Graduation: For Job oriented professional/technical courses offered byreputed Universities.

Post Graduation: MCA, MBA, MS etc. Courses conducted by CIMA London, CPA in USA etc. Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping

etc., the Institute duly recognized by the Competent University/ StateBody/ Local Aviation/ Shipping Authority.

The information on recognition status of the Institute may be gathered from thefollowing websites:

www.ugc.ac.in , www.aicte.org.in , www.education.nic.in(For studies in

http://www.ugc.ac.in/http://www.aicte.org.in/http://www.education.nic.in/http://www.education.nic.in/http://www.education.nic.in/http://www.aicte.org.in/http://www.ugc.ac.in/

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India)

www.webometrics.info(For studies abroad)

Quantum of Loan:

Need based finance subject to repaying capacity of the parents / students withfollowing ceilings:

Studies in India: Maximum Rs. 10.00 lac Studies abroad: Maximum Rs. 20.00 lac.

Expenses Considered for Loan

Fee payable to College / School /Hostel Examination/Library/Laboratory Fee Purchase of Books / Equipments/ Instruments/ Uniforms. Caution Deposit/ Building Fund/ Refundable Deposit supported by

Bills/Receipts of the Institution, subject to the conditions that amount doesnot exceed 10% of the total tuition fees for the entire course.

Travel Expenses/Passage Money for studies abroad. Purchase of Computers essential for completion of the course at reasonable

cost.

Insurance premium for student borrower. Any other expenses required to complete the course, such as- Study Tours,

Project Work, and Thesis etc.

Reimbursement of the fee paid at the time of counseling if applied within 60days from the date of such payment.

Margin

For loan upto Rs 4.00 lac: NIL For loan above Rs 4.00 lac:

(i) Studies in India: 5%

(ii) Studies abroad: 15%

Scholarship / Assistantship to be included in Margin. Margin Money to be brought on year-to-year basis

Click here for Rate of interest

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

Application of Interest:

Simple interest during moratorium period. Service interest during moratorium period regularly and avail a special

discount of 1.00% in interest rate.

Repayment:

http://www.webometrics.info/http://www.webometrics.info/http://www.allahabadbank.com/creditschemes.asp#educationhttp://www.allahabadbank.com/creditschemes.asp#educationhttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/creditschemes.asp#educationhttp://www.webometrics.info/

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Repayment Holiday / Moratorium is Course Period + 1 yearor 6 monthsafter getting job, whichever is earlier.

Loans up to Rs.7.50 Lac to be repaid within a maximum period of 10 years& those above Rs.7.50 Lac within a maximum period of 15 years aftercommencement of repayment period.

Security:

For IIT/IIM/ISB(Indian School of Business, Hyderabad ), for loan uptoRs 10.00 lac- NIL, Only co-obligation of Parent / Guardian

For otherso For loan upto Rs 4.00 lacs: NIL, Only co-obligation of

Parent / Guardian

o For loan above Rs 4.00 lacs and upto Rs 7.50lacs: Satisfactory third party guarantee & Co-obligation* ofparent/ guardian.

o For loan above Rs 7.50 lacs: Co-obligation * of parents/guardian & tangible collateral security covering full loan

amount.

Delivery Channel

From all our Branches, Retail Banking Boutiques and Centralized RetailBanking Boutiques

On-line approval facility for leading 250 institutions within 72 hours.Value added Service

FREE Debit CardInsurance:

Group Life Insurance Cover to the extent of loan liability for entirerepayment period is available.

Otherso The parent / guardian would become co-borrower with the

studento Education Loan would be sanctioned preferably through

branches / RBBs/ CRBBs nearest to the place of residence of

parents.o Second time education loan is available for higher studies /

escalation of cost.

Allbank Dream Car

(A new Car Finance Scheme with attractive Rate of InterestBR+0.50% i.e. 11.00% as on 18.05.2012)

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Purpose

Purchase of new Vehicle for personal use/official use Purchase of pre-owned vehicle, not more than 3 years old The term Vehicles includes: Car, Van, JEEP, Multi Utility Vehicles (MUVs).

Target Group

Our existing corporate customers, their directors and employees Salaried persons, Professionals & Self-Employed, Businessmen, Firms,

Companies, Agriculturist and Pensioners of Central, State Govt. andour Bank having regular income to liquidate the loans

Eligibility (Income)

Salaried Person: Minimum gross monthly income of Rs.15, 000/- Agriculturist: Minimum 5 acres of irrigated land holding Professional & Self-Employed / Businessmen: An IT assesee. With full

collateral security, IT assessment order / IT return may be waived. Retired individuals: Drawing monthly pension of Rs 15000/= and

above.

Firm/ Companies: Net profit is sufficient to meet repayment of Car LoanMargin

For New Vehicle: 15% of the cost of vehicle on Road (i.e. one timeregistration + first time Road tax & insurance charges etc.).

For Pre-owned Vehicle -85% of the "Agreed Purchase Price" asvalued by Approved Automobile Valuer or60% of the Valuation ofthe Vehicle, whichever is lower.

Eligibility (Service Period of Applicant/ Repayment Age/Age of Firm &Company)

Salaried Person: The loan should be repaid at least three monthsbeforethe date of retirement from service.

Other than Salaried person: Repaid before attaining the age of 70 years. Firm/ Companies: should be existent for at least 2 years.

Loan Limit

Maximum of2.5 times of Net Annual Income / Net Annual Salary. Income of spouse / father/ mother/ son/ unmarried daughtercan

also be clubbed, provided he/she/they become the co-borrower

No of vehicle

Maximum number of Car Loans available:Individual- 2

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Partnership Firms -10Companies - 15

Click here for Rate of interest

Click here for Processing Fees, Prepayment Penalty, Documentation

Charges, Mortgage and other charges

Security In both cases (New / Pre-owned Vehicle)

Primary : Hypothecation of Vehicle Collateral :

o Guarantee of the Spouse if his / her income is consideredo For loans Upto Rs. 20.00 lac Guarantee of one person of means and

standing

o For loans above Rs. 20.00 laco Pledge of FDR/NSC/KVP etc. and/or assignment of Life Insurance

Policy,

Oro Mortgage of House/Flat

Oro Partly by immovable property and partly by liquid security.

Repayment Period For New Vehicle:

o Individuals: Maximum 84 Monthso For Firm/ Companies: Maximum 60 Months

For Pre-owned Vehicle: Maximum 60 months / Residual life of thevehicle, whichever is lower

Pensioners Personal Loan

Target Group & Eligibility Criteria

All the state Govt., Central Govt., teachers pensioners & family pensionersdrawing monthly pension through our branches or from Post Office/Other Banks.

Definition:

Pension means basic pension plus dearness relief at the time of sanction of credit

facility.

Age:

Must not exceed 73 years (Seventy three years) as on the date of disbursement ofloan.

Purpose:

http://www.allahabadbank.com/creditschemes.asp#Carhttp://www.allahabadbank.com/creditschemes.asp#Carhttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/creditschemes.asp#Car

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For any purpose.

Loan amount:

Up to 10 months pension inclusive of relief subject to the following limit.

Maximum Rs. 2.00 Lac for pensioners up to 65 years of age Maximum Rs. 1.00 Lac for pensioners above 65 years of age

(Age will be reckoned as on date of sanction of loan)

Minimum Rs. 25000 / -Margin:

Nil

Repayment Period:

Maximum 48 months

Click here for Rate of interest

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

Insurance:

Group Personal Accident Insurance Policy ofRs.75,000/- covering accidental death

for the pensioners availing loan under Personal Loan Scheme for Pensioners.

Disbursement:

By credit to his / her (Principal Borrower) S/B account

Processing Fee:

Nil

Collateral Security:

In case of the borrower drawing pension from our Bank and family

pensioner is alive:

Personal Guarantee of the family pensioner as mentioned in the PPOFor others:

Pledge of NSC / KVP / FDR etc. covering 25% or 50% (subject to thecondition of family pensioners) of loan amount.

In case the above security/ies stand/s in the name of third party/partiespersonal guarantee from him/her/them.

http://www.allahabadbank.com/creditschemes.asp#pensionhttp://www.allahabadbank.com/creditschemes.asp#pensionhttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/service-charge.dochttp://www.allahabadbank.com/creditschemes.asp#pension

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Guarantee from 2 persons having individual net worth equal to two times ofloan amount, preferably from legal heirs / son / spouse / daughter.

redit Schemes

S. N. Particulars Rate

1. Banks Base Rate (BR) w.e.f. 01.05.2012 10.50%

2. Bank's Benchmark Prime Lending Rate (BPLR) w.e.f. 01.05.2012 14.75%

MSME Finance

Micro, Small & Medium Enterprises (MSME) Advances (Secured):

S.N. Parameters Micro

Enterprises

Small

Enterprises

Medium

Enterprises

A Loan uptoRs.50000/-

BR BR+0.50% BR+1.00%

B AboveRs.50000/-

toRs.2.00 lacs.BR+1.00% BR+1.50% BR+2.00%

C Above Rs.2.00

lakh toRs.

10.00lacs.

BR+1.50% BR+2.00% BR+2.50%

D Rs.10.00 lacs &

above(Linked

to Rating of theaccount)

AB-1 :BR+1.50%AB-2 :BR+1.50%AB-3 : BR+2.50%AB-4 : BR+3.50%

AB-5 : BR+5.00%AB-6 : BR+6.00%AB-7 : BR+7.00%

AB-1:BR+2.00%AB-2:BR+2.50%AB-3:BR+3.00%AB-4:BR+3.50%

AB-5:BR+5.50%AB-6:BR+6.50%AB-7:

BR+7.50%

AB-1: BR+2.50%AB-2: BR+3.00%AB-3: BR+3.50%AB-4:

BR+3.50%AB-5:BR+5.50%

AB-6:

BR+6.50%AB-7: BR+7.50%

Agriculture Advances

Agriculture Advances (Secured):

S.N. Parameters Rate

1 Up to Rs.50000 .00 BR+0.75%

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2 Above Rs.50000.00 & up to Rs.2.00 Lac BR+2.00%

3 Above Rs.2.00 Lacs & up to Rs.5.00 Lac BR+3.50%

4 Above Rs.5.00 Lacs & up to Rs. 10.00lacs BR+4.50%

5 Above Rs.10.00 Lacs As per risk rating of borrowers

6 Cold Storage, Warehouse & Rural Godown

6.1 Up to Rs.25.00 Lac BR+3.00%

6.2 Above Rs.25.00 lacs As per risk rating of borrowers

7. Financing to SHGs - upto Rs.50000.00 per

member & upto Rs.5.00 lacs per Group

(Maximum)

BR

8 Loans to MFIs (Micro Finance

Institutions)

Up toRs.50.00

Lacs

AboveRs.50.00 Lacs

8.1 AB-1 or highest rating by external agency BR+2.00% BR+2.00%

8.2 AB-2 or high rating by external agency BR+2.50% BR+3.00%

8.3 AB-3 or above average rating by external

agency

BR+3.50% BR+4.00%

8.4 AB-4 or average rating by externalagency

BR+4.50% BR+4.50%

8.5 AB-5 BR+5.00% BR+5.50%

8.6 AB-6 BR+5.50% BR+6.00%

8.7 AB-7 BR+7.50% BR+7.50%

Agriculture Advances(Secured): (Based on the rating of accounts)

S.N. Rating

Grade

Agriculture(Having

Exposure above 10.00Lacs)

Poultry(Having

Exposure above25.00 Lacs)

Cold Storage,

Warehouses & RuralGodown(HavingExposure above 25.00

Lacs)

1 AB-1 BR+4.00% BR+3.00% BR+4.00%

2 AB-2 BR+4.50% BR+4.00% BR+4.50%

3 AB-3 BR+5.00% BR+4.50% BR+5.00%

4 AB-4 BR+5.50% BR+5.00% BR+5.50%

5 AB-5 BR+6.00% BR+5.50% BR+6.00%

6 AB-6 BR+6.50% BR+6.00% BR+6.50%

7 AB-7 BR+7.00% BR+7.00% BR+7.00%

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Rate of Interest under Retail Credit Products

Sl.No.

Scheme Rate of Interest

1 AllBank Property BR+5.50%

2 AllBank Rent BR+5.00%

3 Scheme for O/D

in S. B. Accounts:

BR+4.50%

4 All Bank Trade:

1. For credit limits upto Rs.20.00 Lac for Retail Trade:2. For credit limits classified under Micro & Small Enterprises

Micro

enterprises

Small Enterprises

Loan upto Rs.50000/- BR BR+0.50%

Loan above Rs.50000/-toRs.2.00 Lac

BR+1.00% BR+1.50%

Loan above Rs.2.00 Lac

toRs.10.00 LacBR+1.50% BR+2.00%

Rs.10.00 Lac & above

(Linked to Rating of theaccount)

AB-1 : BR+1.50%AB-2 : BR+1.50%AB-3 : BR+2.50%

AB-4 : BR+3.50%AB-5 : BR+5.00%

AB-1 : BR+2.00%AB-2 : BR+2.50%AB-3 : BR+3.00%

AB-4 : BR+3.50%AB-5 : BR+5.50%

3.

For borrowers other than mentioned above:1. Up to and inclusive Rs.10.00 Lacs - BR+4.00%2. Above Rs.10.00Lacs (Linked to Rating of the account):

AB-1 BR+3.50%

AB-2 BR+3.50%

AB-3 BR+4.00%

AB-4 BR+5.00%

AB-5 BR+6.50%

5. All Bank Mobike: BR+3.00%

6. Car Loan:

(i) In case of Salarytie-up & Full

Collateral security,

Doctors/MedicalPractitioners -

BR+0.50%

(ii) In case of BR+0.50%

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Others

7. Saral Loans: BR+5.00%

0.50% rebate in interest rate is allowed if liquid collateral security(FDR / NSC / LIP / KVP) or Equitable Mortgage of Land / Building forthe amount equal to the loan amount is offered.

Additional 0.50% interest rebate may be allowed as under: -(a) Small organisations, where number of permanent employees isupto 50: - All employees should draw salary through their respective

salary accounts (i.e. accounts of individual employees) maintained

with our branches.(b) Big organisations where number of permanent employees ismore than 50: - In such cases at least 50 employees should draw

salary through their respective salary accounts (i.e. accounts ofindividual employees) maintained with our branches.

8. Personal Loan toDoctors:

BR+5.00%

9. Education Loan:

(i) For IIT/ IIM/

ISB (loan upto10.00 Lacs)(ii) For Others

(a) Loan upto 4.00Lacs(b) LoanaboveRs.4.00 Lacs

BR+2.25%

BR+3.00%

BR+3.00%

@ For girl students, rebate @1% will be allowed under each slab.

Rebate of 1.00% on the interest charged in the moratorium

period will be provided if the interest is serviced during the study periodwhen repayment holiday is specified for interest / repayment under thescheme.

10. Housing Loan forFurnishing:

BR+3.00%

11. Gyan Dipika BR+4.00%

12. PensionersPersonal Loan

BR+3.00%(No processing Fee will be charged for this scheme)

13.Loan againstNSC/ KVP

BR+4.00%

14. Gold loan:

Loan for Agriculturalpurpose

Rate prescribed by the bank for agriculture loan. Atpresent as under -

1. Up to Rs.50000.00 BR2 Above Rs.50000.00 & up to Rs.2.00 Lac BR+1.00%3 Above Rs.2.00 Lacs & up to Rs.5.00 Lac

BR+2.00%

Loan for other 1. Up to Rs.3.00 Lac BR+2.25%

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purposes 2 Above Rs.3.00 Lac BR+4.00%

15. Short term loan for application money:

If interest isserviced monthly

BR+3.00%

If interest for 6months is paidupfront & as marginInterest equivalent

of 3 months is paid

BR+2.50%

16. Reversemortgage:

BR+2.00%

17. Housing Loan/Housing Loan to NRI/PIO

Floating Category Up to Rs.20 Lac

Up to 5 years BR+0.25%

More than 5 Yrs &up to 10 Yrs BR+0.75%

More than 10 Yrs &

up to 15 YrsBR+1.00%

More than 15 Yrs to25 Yrs

BR+1.25%

Floating Category above Rs. 20.00 Lacs but below 50.00 Lacs

Up to 5 years BR+1.00%

More than 5 Yrs &

up to 10 YrsBR+1.50%

More than 10 Yrs &up to 15 Yrs

BR+1.75%

More than 15 Yrs to25 Yrs

BR+2.00%

Floating Category for loans Rs. 50.00 Lacs and above

Up to 5 years BR+1.50%

More than 5 Yrs &

up to 10 YrsBR+2.00%

More than 10 Yrs &

up to 15 YrsBR+2.25%

More than 15 Yrs to

25 YrsBR+2.50%

19

ALLBANKCOMMERCIAL

VEHICLE FINANCE

Loan amount Micro

Enterprises

Small

Enterprises

Loans uptoRs. 50000/-

BR BR+0.50%

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Above Rs.50000/-

to Rs.2.00 LacsBR+1.00% BR+1.50%

Above Rs. 2.00

to Rs. 10.00 LacsBR+1.50% BR+2.00%

Rs. 10.00 Lacs &

above (Linked toRating of theaccount)

NA (As the

maximumproject cost for

classification

under thissectoris Rs. 10.00

Lacs)

AB-1: BR+2.00%

AB-2: BR+2.50%AB-3: BR+3.00%

AB-4: BR+3.50%

AB-5: BR+5.50%AB-6: BR+6.50%AB-7: BR+7.50%

20 AllBank IPO/ FPO

Finance Scheme

BR+3.50%

21ALLBANK

AASHIANA (NewHome Loan

Scheme)

Up

toRs.

25Lac

Above Rs. 25 Lac

and up toRs.

75Lac

Above Rs. 75 Lac

and up toRs.

200Lac

BR BR + 0.25% BR+0.50%