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.