labels: banks & institutions
Allahabad Banks home finance focus news
Our Banking Bureau
16 February 2002
Allahabad: Allahabad Bank will observe a housing finance month from 15 February to 15 March to step up housing finance loans through its retail boutiques.

The bank has also announced attractive schemes for this purpose. Thus, the rate of interest on a housing loan up to Rs 10 lakh has been reduced to 11.5 per cent per annum, which is less than the banks prime lending rate, repayable in 180 EMI of Rs 1,165 per Rs 1 lakh of loan.

There will be no processing fee and no margin under salary tie-up.


 


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Allahabad Banks home finance focus