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Q.

What are Allahabad Bank Home Loan Reviews?

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3

21 days

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Summary
Allahabad Bank has been merged with Indian Bank since April 1, 2020. Many customers compliment specific financial associates and branches for providing good service, fast processing, being knowledgeable and easy to reach. Also, everyone praises their low interest rates. The only issue discovered after a user evaluation was that their documentation required frequent branch visits.
4 2025-12-20T11:04:15+00:00

You can also check out my Allahabad Bank home loan review. My brother-in-law applied for a home loan in November 2018, and the process was straightforward. The bank guy was very helpful. He helped him with the documentation process. 

I also went there, and as we both were completely new to everything and had no idea what was going on, the bank manager guided us. My brother-in-law had to submit the following documents with verified copies:

  • Filled application form

  • Photograph

  • Form 16

  • Employment Certificate

  • ID and address proof

  • Agreement to Sale

  • NOC from the builder

  • Last 6 months’ bank statement

Will rate them 5 out of 5.

Get Best Deal on Home Loan from Top Bank via NoBroker Home Loan Service.
3 2025-12-19T06:05:53+00:00

I chose an Allahabad Bank house loan mainly because of the lower interest rate compared to other banks. The interest rate here for a home loan starts at 7.15% per annum. The EMI was reasonable and matched my wage. It seemed secure and trustworthy to me. Despite the fact that the process was traditional, the bank staff explained the loan terms thoroughly to me. If you want a simple, low-cost house loan, this is a fantastic option. I will rate them 4 out of 5.

My experience with the Allahabad Bank housing loan was average. As Allahabad Bank merged with Indian Bank, I found the interest rate was competitive. But the documentation required frequent branch visits. Staff were helpful but overburdened. Nonetheless, the loan terms were reasonable and within my budget, so I finally took out their loan. Best for borrowers who are okay with the offline process.
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