Founded in Allahabad more than 150 years ago, on April 24, 1865, by a group of Europeans, the Allahabad Bank is the oldest Joint Stock Bank of India today. Allahabad Bank personal loans are essentially offered to the employees of the organisations who have an active salary account with the bank. Their personal loan product is referred to as ‘New Saral Loan.’ Other than that, Allahabad Bank also extends personal loans to self-employed professionals (like doctors, lawyers, chartered accountants, engineers, interior designers, architects etc.) and pensioners (whose pensions are credited to their Allahabad bank account).
Allahabad Bank personal loan amount can be utilised for purchasing any consumer durable item, 2-wheeler etc. which can be hypothecated to the bank. You can also utilise it to meet any religious, social, domestic or other emergency expenses.
Their primary aim is to ensure customer-centric services to all their clients and evolve as a world-class provider of various financial services. The bank lays a lot of emphasis on product innovation and human resource.