Allahabad Bank, a premier Nationalized Bank has launched Retail loans and loans to Micro & Small Enterprise linked with External Benchmark Rates published by FBIL. This is in line with the RBI guidelines dated 04 th September 2019. The Retail Products on offer are viz., Housing, Car, Education, Personal, Consumer Loans etc. and Micro & Small Enterprise Loans viz., Trading, Manufacturing, MUDRA, Commercial Vehicle, Rent Discounting, Property Loans etc.
Presently the Bank has identified RBI’s Repo Rate and 3 Month MIBOR as the Benchmark Rates.
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