Frequently Asked
Questions
General FAQ's
Will my EMI for the Allahabad Bank loan against property change if I prepay the outstanding amount?
Allahabad Bank facilitates its customers with a prepayment option for Loans Against Property. However, there will be certain changes in the loan prepayment rules: The outstanding loan amount on the mortgage loan will reduce prepayment. The borrower may either go with the same EMI amount or opt for a loan’s reduced tenure.