Allahabad Bank Bike Loans

Find details of allahabad bank bike loan through Allahabad Bank EMI calculator. Just enter the loan amount of bike you want to get financed and rate of interest. Allahabad Bank EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.

Allahabad Bank
Allahabad Bank

New Bike Loan Rates

Tenure
Down Payment
Processing Fee
Interest Rate10.40%
Document Charges

Loan Eligibility Calculator

Allahabad Bank Bike Loan eligibility, Interest Rate, documents and process

 
  • Eligibility:
  • Salaried Persons/Permanent Employees who have served at least 2 years of service  (Minimum gross salary Rs. 4000/-)
  • Professionals & Self-employed Persons, Businessmen with minimum net annual income as per last ITR is Rs 0.75 lac.
  • Agriculturists with minimum 4 acres of irrigated land.
  • Take home income should not be less than 40% of gross monthly income including the proposed installment.
  • Age : 21 to 60 years. In case of salaried persons, the loan should be repaid 3 months before the date of retirement.
  • Guarantee – Guarantee of Spouse and a person of good means.
  • Loan Amount: Maximum Rs.40,000/- including cost  of insurance and Road Tax
  • Margin: 10% of total cost on road
  • Repayment Period: 48 months through EMI
  • Prepayment Charges: *2.25% of outstanding balance only in case of takeover.
  • Processing Fee: *Rs 600.00