Allahabad Bank has waived off the processing fee on its home and car loans as part of its festive offering ‘AllBank Utsav’. The waiver of processing fee will be valid from October 1, 2017 to March 31, 2018.
The Bank has also slashed the MCLR for one-year tenor to 8.45% per annum making home, car and other retail loans cheaper. Women customers covered under ‘AllBank Shakti’ would additionally get lower margin on home and car loans, besides concessional interest rates on home loans.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
