Allahabad Bank is one of the premier nationalized banks in India. It is also the oldest joint stock bank of India.

It was incorporated by a group of Europeans at Allahabad on April 24, 1865. It was the time Indian economy had started shifting towards organized trade and business affairs. After some years in 1920, the P&O Bank brought Allahabad Bank and its headquarters at Kolkata. The Allahabad bank got an entirely new identity when it was nationalized in 1969 along with 13 other banks in India. Since then the Allahabad Bank had a smooth journey towards progress. Today it is one of the leading banks in India with a whooping business of over Rs.1, 00,000 cores. Branches and Business Allahabad has adopted CBS (Core Banking Service) since 2006 and has developed 24 hours connectivity with its 2165 branches across the length and breath of the country. In 143 years of it existence the bank has come a long way by developing a wide grip over all the corners of India. At present the Allahabad Bank has 44 Zonal Offices 6 Staff Training Colleges and 3 Staff Training centers for imparting training centers in India. Apart from general branches, the bank has also come up with specialized branches, like Industrial Finance Branches, International Branches, Finance Branches, Recovery Branches, NRI Branches Specialized Personal Banking Branches, Specialized Savings Bank Branches, Quick Collection Service Branches, Trading Finance Branches and Service Branches in many major cities of India. The businesses of the bank are thriving successfully. In the end of March 2007, the Allahabad Bank crosses a land mark of Rs.1, 00,000 corers. The bank's business also registered a 6.90% growth during April-Sept

2007, when its business increased up to Rs.1, 08,458 cores from Rs.1, 01,458 corers in merely 5 months. On Year-on-Year basis, the business of the bank has grown at a rate of 19.87%. The bank also registered an immense growth in total deposit record when its business went up to Rs.65,896 at end of September 2007 cores from Rs.54,006 corer in September 2006.

Allahabad

Bank

Car

Loans

The car loans by the Allahabad Bank are given for the purchase of the new vehicle, which are to be for personal use only. It also offers loans for the purchase of pre- owned vehicle, which is not more than 3 years old. To get the benefit of the loan, the person should be a salaried person, with the gross income of ` 10,000 p.m. Agriculturalists and professional self employed and business men are also eligible to get loans from Allahabad Bank. It must be kept in mind that the car loan should be fully repaid before the individual turns 70 years of age. The car loan amount that is offered to the individual does not exceed 2 times of the Net Annual Income or Net Annual Salary. Allahabad Bank Home Loans

Allahabad Bank offer home loans for the construction of the residential house on the already owned land. It also offers loans for other purposes like purchase of plot by salaried people, purchase of flat or house, renovation of residential house and other purposes.

Home loans are offered to permanent salaried people, businessmen, self employed persons and individuals with regular income who can liquidate loans. Allahabad Bank offers term loans to the loan seekers . For the salaried persons the loan amount is restricted to 60 times of the monthly gross salary. For other individuals, the loan amount is limited to 4 times of the gross income. Allahabad Bank Education Loans

The educational loans are offered by the Allahabad Bank to the Indian students only. The students should seek admission to educational courses through entrance test selection process. The bank offers loans for various courses like graduation and post graduation courses, professional courses, computer certificate courses, courses conducted by IIM, IIT etc. Allahabad Bank offers loans for studies abroad as well. For the students studying in India, the maximum loan amount offered is ` 10 lacs and for studying abroad the maximum loan amount increases to ` 20 lacs. Allahabad Bank Personal Loans

Personal loans are offered to all the pensioners drawing pensions from Allahabad Bank. The personal loans are given to the pensioners who have not exceeded 70 years of age. This kind of loan can be availed without assigning any definite purpose. The maximum loan amount of ` 75,000 and minimum of ` 15,000 are offered to the individuals.

Personal loans are also provided to the doctors and medical practitioners by the Allahabad Bank. The loans are offered for the expenses of professional requirement. Annual income or ` 5 lacs, whichever is less are offered as the loan a

Company Profile Company Name= Pandey Departmental Store Owners Name = Dinesh Pandey Category = provision Store Address: Court More Road Asansol West Bengal Contact :- 09832155922,

Purpose Business Loan Want to convert Kirana store into Departmental Store Loan Mode CC ACCOUNT Applied for Loan at Allahabad bank on 5th Dec 2008 Estimated Project Amount:-20,00,000 Interest Rate 12.5% Sanction on 28th Dec 2009 with sanctioned Amount of Rs.15,00,000 based on kirana store cost

Criteria & Documents for Business Loan

Address Proof:- latest Electricity and purchase agreement of the store Owners Identity Proof:- Voter Identity Card and PAN Card of the

 Business Proof:the store

VAT Registration No and Trade License of

Last three years Trading, Profit & Loss A/c. and Balance Sheets which must be signed by reputed Chartered Accountant Income Tax Returns file of the owner for last three years. Last one years Bank statement of the owner Owner had to give written that owner did not have any legal suit filed against him Bank asked a guarantor on behalf of stores owner

Allahabad Bank Procedure for C.C. Account Application form is accepted and acknowledged. Bank officer held meeting with the owner of store Bank officer did investigation of the store site to known that store have sufficient space to convert it into Departmental store or not Bank verifies the track record of the applicant with the common information sharing bureau Company had to deposit RS 5lakh as a fixed at the bank and company also deposited store document which cost was RS 15 Lakh at that time