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Allahabad Bank Personal Loan EMI Calculator December 2017

(Updated as on 08.12.17) Allahabad Bank Personal Loan EMI Calculator December 2017 – Personal Loans are always the best option to opt for, it makes life convenient to meet any unexpected expenses, be it a short-term or long-term financial needs. As there is no restrictions on the end use of personal loan, loan amount can be used for such as personal financial emergencies, any fancy spending free, meeting your daughter’s wedding, home renovation and home extension expenses and to meet any other high expenses. Allahabad Bank Personal Loan is one the best-in-class personal which comes with several benefits and features to meet all your personal requirements at any point of time.

  • Attractive personal loan interest rates of 13.55%.

  • Processing fee 1.22% of the loan amount.

  • Minimum Loan Amount of Rs.50,000 and a maximum loan amount of Rs. 7.5 lakhs.

  • Maximum loan tenure is 60 months . The loan must be repaid before the retirement of an individual.

  • The bank charges a prepayment fee of 2.5% of the loan amount.

  • Third-party security is acceptable by the bank.

  • The age of the applicant should be of 21 years.

Allahabad Bank Personal Loan – QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Yearly Income
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

How to use Personal Loan EMI calculator?

Allahabad Bank Personal Loan EMI Calculator is the easy tool to use. Personal Loan EMI calculator helps you to assess whether you will be able to repay back your loan amount or not. You just need to enter the desired personal loan amount, the loan tenure in months, and the interest rate (current interest rates). The EMI calculator will automatically calculate your total payable amount of the loan taken including interest rates, your monthly payment and also the total payable interest. Steps to follow:

Step 1: Enter the loan amount. For e.g. Rs. 1,00,000/-

Step 2: Enter the interest rate (current interest rate). For e.g.: 13.55%

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 60 months.

The moment you click the ‘calculate’ button you will get all the details at one place. You will come to know your monthly EMI, total amount with interest, flat interest rate per annum, flat interest rate per month, total interest amount and Yearly interest amount. This will help you to take the right decision at right point of time to avail a perfect and comfortable personal.

What is Personal Loan EMI?

EMI is the short form of ‘Equated Monthly Installment’. EMI is the total amount which is payable per month at the bank on the loan amount availed by you. EMI is payable every month untill unless you fully repay your loan amount. EMI is consists of a portion of the principal loan amount and the interest due on the loan. EMI depends on the principal loan amount, personal loan interest rate and tenure of personal loan.

Allahabad Bank Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Allahabad Bank Personal Loan EMI Calculator- EMI Chart

Allahabad Bank Personal Loan at the lowest EMI of Rs. 2,304. Compare and get the preferred personal loan at your earliest.

Loan Amount(Rs)

Loan Tenure(Yrs)

Interest Rate(p.a.)

Monthly EMI(Rs)

Total Int Outgo(Rs)

Total Amount(Rs)































Allahabad Bank Personal Loan FAQs

1) Am I eligible for Allahabad Bank Personal Loan?

Allahabad Bank offers personal loan to employees of such organizations whose salaries get disbursed through Allahabad Bank branches. The borrower should have minimum gross monthly income of Rs. 20,000 and should be in the job with the same organization for atleast 2 years.

2) What is the maximum loan amount i can get from Allahabad Bank?

Allahabad Bank offers a minimum loan amount of Rs. 50,000 and a maximum loan amount of Rs. 7.5 lakhs. Loan amount will be assessed in such a way that your net take home salary is not less than 40% of the monthly gross salary.

3) What is the processing fee of Allahabad personal loan?

Allahabad Bank charges a minimum processing fee of 1.22% of the loan amount.

4) Do I need to submit any security or collateral to avail a personal loan from Allahabad Bank?

Hyphenation of articles being financed or any other items owned by the proponent covering the full value of loan amount can be provided as security. You can also include your parents/spouse name as a third party security in case you are unmarried.