Frequently Asked
Questions
General FAQ's
What are the terms and conditions for guaranteeing an Allahabad Bank Business Loan?
The Allahabad Bank business loan can only be available by eligible traders, co-operative societies, individuals, or firms with the required documents. If a partnership firm applies for a business loan, every partner’s personal guarantee is mandatory for processing the loan. If the company is Private Limited, the promoter directors are required to provide a personal guarantee for processing the loan. Lastly, if the company is Public Limited, at least one promoter director’s personal guarantee is required.