INTRODUCTION OF THE ORGANIZATION

PROMOTERS
BOARD OF DIRECTORS
VISION AND HISTORY OF ORGANIZATION
MISSION AND VALUES
PERSONNEL DEPARTMENT
ACTIVITIES PERFORMED BY ORGANIZATION


INTRODUCTION OF THE ORGANIZATION
This is a voluntary Code, which sets standards of fair banking practices for member banks of
Indian Banks' Association to follow when they are dealing with individual customers. It provides
valuable guidance to you for your day-to-day operations. The Code applies to:
current, savings and all other deposit accounts
pension, PPF accounts etc. operated as agents of RBI/ Government
collection and remittance services offered by the banks
loans and overdrafts
foreign-exchange services
card products
third party products offered through our network
About this Code
As a voluntary Code, it promotes competition and encourages market forces to achieve higher
operating standards for the benefit of customers. In the Code, 'you' denotes the customer and 'we'
the bank, the customer deals with. The standards of the Code are covered by the four key
commitments found in section 2.
Unless it says otherwise, all parts of this Code apply to all the products and services listed above,
whether they are provided by branches across the counter, over the phone, by post, through
interactive electronic devices, on the internet or by any other method.
Commitments outlined in this Code are applicable under normal operating environment. In the
event of force majeure, we may not be able to fulfill the commitments under this Code.
Key words which are shown in bold print in the Code are defined in the Annexure at the end of
the Code.
This Code comes into effect from 1st June 2004 unless otherwise indicated.






PROMOTERS

ALLAHABAD Bank has been promoted by the largest and the
best Financial Institution of the country, UBI. The Bank was set up
with a capital of Rs. 115 crore, with UBI contributing Rs. 100
crore, LIC - Rs. 7.5 crore and GIC and its four subsidiaries
contributing Rs. 1.5 crore each.
Allahabad Bank has reported strong growth in the operating levels
in the quarter ended December 2010 with robust 56% jump in the
Net Interest Income at Rs 1051.64 crore. NIM has improved to
3.44% in quarter under review against 2.97% a year ago.
However 24% dip in the other income at Rs 257.64 crore coupled
with 380 bps increase in the cost to income ratio coupled with
22% increase in the total provisioning, has restricted growth in the
Net Profit by 20% to Rs 415.80 crore.































The members of the Board are:
ADVANCE MANAGER
BRANCH MANAGER
MANAGER OPERATION
OFFICER
OFFICER
OFFICER
SPECIAL ASSISTANT
SPECIAL ASSISTANT
SPECIAL ASSISTANT
HEAD CASHIER
HEAD CASHIER
CLERK






VISION 2015:

To put the Bank on a higher growth path by building a Strong Customer-base
through Talent Management, induction of State-of-the-art Technology and through
Structural Re-organization.
.
HISTORY OF THE ORGANIZATION


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 crores.



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 cores. 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
cores 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 core in September 2006.



ProductandServices

Deposit Products
Diamond Jubilee Deposit Scheme
Rs. 5 Banking
Gold Deposit
Flexi-fix Deposit
Retail Credit Products
All Bank Housing Finance Scheme
Personal Loan Scheme for Pensioners
All Bank Property Loan
All Bank Saral Loan Scheme
All Bank Educational Loan Scheme
Overdraft Facility in Savings Bank Account
Personal Loan Scheme for Doctors/ Medical Practitioners
Loan against NSC/ KVP
All Bank Mobile Scheme
All Bank Rent Loan
All Bank Gyan Dipika Scheme
All Bank Car Finance Scheme
All Bank Pilot Training Loan Scheme
All Bank Furnishing Loan
All Bank Gold Loan Scheme
All Bank Reverse Mortgage Scheme
All Bank Bussan Scheme
All Bank Trade Scheme
Other Credit Products
Kisan Credit Card
Kisan Shakti Yojana
AllBank-Expo



Services
All Ayushman Bima Yojana
Cash Management Services
Depository Services
Visa Cum Debit Card Services
Real Time Gross Settlement
National Electronic Funds Transfer
Gold Card Scheme For Exporters
Charter for MSME's
Government Business
Regional MSME care centers



HeadOffice
AllahabadBank
2,NSRoad
Kolkata700001
WestBengal
Website: www.allahabadbank.com







































Mission
To ensure anywhere and any time banking for the customer with latest state-of-the-art
technology and by developing effective customer centric relationship and to emerge as a world-
class service provider through efficient utilization of Human Resources and product innovation.

Customer Service and Product Innovation tuned to diverse needs of
individual and corporate clientele.
Continuous technology upgradation while maintaining human values.
Progressive globalization and achieving international standards.
Efficiency and effectiveness built on ethical practices.



Core Values


Customer Satisfaction through

o Providing quality service effectively and efficiently
o "Smile, it enhances your face value" is a service quality stressed on
o Periodic Customer Service Audits

Maximization of Stakeholder value
Success through Teamwork, Integrity and People
Customer Centricity
Ethics
Transparency
Teamwork
Ownership

The appointment of personnel in the organization is done by personnel interview.
Advertisements are given in the newspapers if there is requirement of any
employee.

The selection is done on the basis of a thorough analysis of the applicants
resume and performance in the personal interview. Persons having experience in
the respective field and a good command over English are preferred.

A proper training is provided to the candidate until he understands the work fully.
The training is basically on the job and all efforts are done to make the candidate
comfortable and adjust to the environment.







PERSONAL BANKING:


Open Zero Balance Savings Account
Get my account balance on mobile phone
Transfer Funds Online
Recharge my Prepaid Mobile
Know about Offers on my Debit/Credit Card
Remit money to India - Online
Open an FD Online
View Plus Points Catalogue for Debit Cards
Apply for a Credit Card
Register for Internet Banking
Pay my Bills Online
Get a Gold Debit Card
Pay taxes online



CORPORATE BANKING:


Exclusive Banking Redefined - Club50 Current Account
Various types of Current Accounts to suit your business requirements
Fast track loans for SMEs
Wide range of products for the SME segment
Organized payment and collection solutions
Pay your taxes online or through our vast branch network





NRI BANKING:


Remit money to India
Open an NRI account online
Refer a NRI
Invest in shares in India
Find Axis Bank's correspondent banking arrangements
Compliment / Complain



PRIORITY BANKING:


Dedicated Relationship Manager
Home Banking
Banking Privileges
Preferred Rates on Loan Products
Investment Privileges
Lifestyle Privileges
Gold Credit Card





INTRODUCTION OF CAR LOAN
CAR LOAN SCHEME
A person wants certain luxuries for enjoying his life and a car is one of them, a car
gives him convenience to travel one place to another. Now a days it become a
status symbol in society. So it becomes a need of every human being but some
people does not have the capacity to pay a huge amount at a time but they can
pay the price in installment so for these people many banks offer car loans
schemes. In which they can buy car and pay its price in installment. Almost
everyone make easier to purchase a car.
Now days car is become one of the basic need of man but buying a own car
become a dream for man because of its prices.
So in fulfillment of this dream man, needs help. In this condition
ALLAHABAD bank take a Initiative to provide easy car loan to those people
who are willing to buy a own car.
People are appreciating car loan scheme of ALLAHABAD bank and this can
be proof by figures which show that the total amount of car loan scheme is
increase in 2010-13 amazingly.











Star Auto Fin Loan
2010 2011 2011 2013
AMOUNT 425 586 877 1218
GROWTH 20% 37.88% 22.6% 38.88%


The car loan amount increases from 877cr. in 2009 to 1218 cr. in 2013which
accounts a growth of 38.88%.
So ALLAHABAD bank helps people to get car & increase in social status.
It Provide loan for all types of Cars i.e. A, B, C segment.


TYPE OF CAR FINANCED

ALLAHABAD bank provide all type of car loans which comes under the
purview of Bank guidelines, term & conditions and the credit limit which is
24 times of the monthly net salary or Rs 25lakh, whichever is lower, in
case of individuals.

For corporate Rs 100lakh after presenting required documents. Corporate
include self employed, Partnership firm, Private Ltd, Public Ltd etc.

For Non-Resident-Indian Rs 25lakh.

For Imported Vehicle Rs75lakh.


Some Car Companies

Maruti Suzuki- Alto, Wagon-R, Swift, Zen, Van,
Gypsy,Sx4, Eco
Hyundai- Accent, I-20, I-10
Honda- Civic, Honda City
Mahindra- Logan, Scorpio
Tata- Safari, Indigo, Sumo
GM Spark, Cruise, Beat, Magnum




THE TOTAL GROWTH IN AUTO LOAN SEGMENT
FOR LAST THREE YEARS:-

YEAR 2011 2012 2013
Car Loan
Growth%
37.88% 22.6% 38.8%





COMPARITIVE ANALYSIS AMONG DIFFERENT
BANKS FOR CAR LOANS
Private
banks
Rate of
Interest
Max Loan
Amount
Loan
Tenure
Processing Fees Prepayment
CHARGES
ICICI
Bank
13% 90% 1-5yrs Rs2500-5000 1.5%
HDFC
Bank
11.30% 90% 1-7yrs Rs2150-
Rs3650
N.A
37.88%
22.60%
38.80%
GROWTH %
ABN
AMRO
Bank
15% Rs20lakh N.A Rs1000 5%
PSBs

SBI 8%-
11.25%
Rs15lakh 1-7yrs 0.50% 2%
ALLAHA
BAD
bank
8.75%-
10.00%
Rs25lakh 1-6yrs 1.10% or
Rs1000
NIL
DENA
Bank
10.75%-
11.00%
Rs 8lakh 1-5yrs Rs1000 NIL
UCO
Bank
11.50% 85% Or
Rs7.50Lakh
1-5yrs 1%or Rs1000 0.5%
Indian
Bank
11.00%-
11.25%
Rs 15Lakh 1-5yrs 0.30% NIL
O.B.C 10.25-
10.75%
Rs10Lakh 1-7yrs 0.50 NIL





Car Finance
EMI Calculator
Own a vehicle with the friendliest and most convenient car loan. Either you can
purchase a new Car/ Van/ Jeep or raise loan to purchase old vehicles that are not
older than 3 years. Finance will also be provided for purchase of vehicle of
indigenous/ foreign makes.
Eligibility
Individual as well as Business Concerns (Corporate or non-corporate)
Amount of Loan
For Individual: 24 times of the monthly net salary or Rs25lakh, whichever is lower
income of spouse can be taken into account for determining loan amount. In such
cases, the spouse shall stand as a guarantor.
For Business Concerns: Loan amount to Rs100Lakh. Processing is nominal.
For N.R.I: Loan amount to Rs25lakh.
For Imported Vehicles: Loan amount to Rs75lakh.
Margin
Up to Rs 2.00lakh 5%
Rs2lakh to Rs10lakh 10%
Above Rs10lakh to Rs25lakh 15%
Above Rs25lakh 25%

Security
The vehicle purchased with the amount of loan is to be hypothecated to the Bank.
It will be registered in the name of the borrower jointly with the Bank. Guarantee
of spouse, if employed or third party guarantee is acceptable to the bank.
Rate of Interest
Rate of Interest (For loans granted on & after 1.04.2009) BPLR at 12.00%
TENURE
For Loans Repayable in/upto
Rate of Interest @ percent p.a.
Less than 3years
BPLR minus 1.00% i.e.11.00%
Above 3 years
BPLR minus 1.50% i.e.11.50%

Repayment
For new Car/Van/Jeep: The loan amount together with interest is to
be repaid in 72 Equated Monthly Installments (EMIs)
For old Car/Van/Jeep: The loan amount together with interest is
to be repaid maximum in 36 Equated Monthly Installments (EMIs)
For Imported Vehicles: The loan amount together with interest is to
be repaid maximum in 84 Equated Monthly Installments (EMIs)
Disbursement
The intending borrower will be required to settle the transaction for purchase of
vehicle needed by him/her with the seller and will be required to deposit the
difference of the cost of the vehicle to amount of loan will be required to deposit
the difference of the cost of the vehicle to amount of loan, and thereafter, the
advance will be allowed to him/her from the bank by paying the entire price of
the vehicle to the seller directly on behalf of the borrower.
Profit
Interest earned on the loan is its profit.
Auto Loans
The bank offers auto loans at fixed interest rate as well as floating rates also for
financing automobile and used car purchases.
Commercial Vehicles and Construction Equipment
Finance
The Banks provides secured financing for commercial vehicles and providing
working capital, bank guarantees and trade advances to customers who are
transportation operators. In addition to the funding of domestic assets, it also
finances imported assets for which the bank opens foreign letters of credit and
offers treasury services.
Personal Loans
Unsecured personal loans are offered at fixed rates to specific customer, including
salaried individuals and self-employed professionals.
Loans against Securities
Loans are offered against equity securities, mutual fund units and against bonds
issued by the RBI.


AUTO LOANS: PRODUCT OVERVIEW
Auto loans are the installments loan for the purchase of new and used vehicle to
be used for personal business or commercial purpose. The auto loan programmer
is a retail asset product and can be availed by the individuals, sole proprietors,
partnership firms, NRI, private and public limited companies, who satisfies the
credit worthiness of the applicant, approve and disburse the loan and also mark a
lien on the vehicle as a security The lien on the vehicle has to be a first lien. Listed
below are some of the key product features:
Product------------- New and Used Car
Standard product ------------------ EMI in advance, EMI in arrears
Minimum loan -------------------- Rs10000
Tenure ----------------------------- 12-72 months
Eligible borrower --------------------- Salaried individuals, Self employed, Sole
Proprietorship, Partnership firms, NRI, Private and Public Companies.
Equated monthly installment (EMI) ------------- The amount paid by the
customers each month towards repayment of loan extended to him. EMI
comprises of both principal and interest components.
Loan to value LTV/ Extent of funding------------ The ratio of the maximum
amount of loan to the value / cost of the car varies with the vehicle make, model
and tenure.
Loan type ------------------------- Term loan with hypothecation marked in favor of
ALLAHABAD bank.
Security / Collateral ----------------- Asset financed will be hypothecated / lien
marked in favors of ALLAHABAD bank.
System and Process ------------- Decentralize approval and disbursal with all loan
being booked fineness/ as per process set out time to time.
Banking ------------------ PDCs stored and banked centrally, SI /ECS will also happen
centrally.
Credit approval process ------------------- Credit policy will lay down the borrower
eligibility criteria/approval process / deviation policy as approved by the central
risk unit. Approval authorities may be delegated to bank employees/ bank
associates including outsourcing agencies. Operations and collection policy will be
circulated separately.
Collection ------------------- In-house and agency based collection through Tele
calling and field collection for soft buckets. Appointment of external agency for
chronic and serious defaulters and repossessions
Interest rates ----------------- As per approved rates from time to time
Type of car ----------------------------- As per list of cars approved by the bank, please
refer to various product and LTV matrix/ chart.
Use of vehicle --------------------------- Vehicle firmament should be personal,
official, commercial use.
Approved location -------------------------- Generally ALLAHABAD bank prefers to
give loan to those customers who are residing near to the bank. As it feel easy to
contact the customers and for communication also. However in some exceptional
cases the bank can loans to those customers who are not residing near bank.




CAR LOANS
FEATURES

Finance all passenger cars & most of the multi utility cars.
The tenure range is 12 72 months.
Competitive rates.
24 48 hours to process the loan after we receive complete set documents.
Loan up to 90% of the invoice value.
Prepay the loan anytime without any prepayment charge.
Easy documentation.
Processing charges waived for senior citizens, staff members & retired employees
of the bank & pensioner drawing pension from the bank.











DOCUMENTS REQUIRED:-

Documentation
Requirements
Salaried
Individual
Self employed
Individual
Partnerships Firms Private Ltd
Company
Public Ltd
Company
Application Form
Yes Yes Yes Yes Yes
Income Documents
(last 3 years)
Last 3 Years
ITR or Form
no.16
Last 3 Years
ITR & Audited
accounts
Last 3 Years ITR
& Audited
Accounts
Last 3 Years
Audited B/S
& P&L A/C
Last 3 Years Audited
B/S & P&L A/C
Bank Statement (Last
12 months)
Yes Yes Yes Yes Yes
Proof of Identity
Yes Yes Yes Yes Yes
Proof of Residence
Yes Yes Yes Yes Yes
Proof of Office
Address
Yes Yes Yes Yes Yes
Legal Documents

A Letter Signed
by all the
Partners
accepting the
Loan
MOA or AOA MOA & AOA



OTHERS DOCUMENTS:-

1. CHA -2.
2. OD -194 (Guarantee Deed)
3. L-515 as per Br. Cir. No. 94/186.
4. L-515 as per Br. Cir. No. 97/114
(Where CBD -13 obtained)
5. Comprehensive Insurance Policy.
6. Letter addressed to Insurance Company.
7. Transfer form in blank in duplicate.
8. Registration of bank charge on the vehicle with regional transport
authority.
9. Valuation certificate for Second hand vehicle from approved valuer.
10. Undertaking to inform change in constitution/address etc.
11. A letter of authority by the borrower to debit the loan/SB A/C with Intt./
Service charges/Insurance Premium.
12. Where guarantors vehicle is taken as collateral security, obtain another
CHA 2 with modification.










ELIGIBILITY CRITERIA:-
For Salaried Individual, Self-employed Individuals, Partnership Firms, Public and
Private Limited Companies

Borrower Type Age Residence/Office Income Telephone CPV
Requirement
Salaried
Individual
21 at
beginning
To 60 at
the end
of the
Residence should be
owned by the applicant or
rented for >1 years.
Minimum
Income of
Rs1.5lakh.
Applicant
should own
Landline
Phone at
residence
CPV should
Be done at
Residence
and office of
applicant
tenure. and at
office.
and co-
applicant.
Self Employed
Proprietor- ship
21 at
beginning
to 65 at
the end
of the
tenure
Residence/office/Factory
/ workshop should be
owned by the applicant or
rented for at least 2years
Minimum
Income of
Rs0.60lac.
Applicant
should own
Landline
Phone at
residence
and at
office.
CPV should
be done at
residence
and office of
applicant
and co-
applicant.
Partner-ship
NA Office/Factory/Workshop
Should be owned by the
firm or main partner or
rented for at least 2years
Minimum
Income of
Rs0.60lakh.
Landline
phone at
office.
CPV should
be done at
office and
main
partners
residence.
Pvt. Ltd Co./
Public Ltd Co.
NA Office/Factory/Workshop
Should be owned by the
Co. or director or rented
For at least 2 years
Minimum
Income of
Rs0.60lac.
Landline
phone at
office.
CPV should
be done at
office and
main
directors
residence.


FEES and CHARGES:-

Description of Charges New Car Loans
Cheque bouncing charges Rs 100
Stamp Duty At actual
Late Payment Penalty More than 2% per month
Processing Fees 1.10% or Rs1000
Other Charges -











USED CAR LOANS
Used car loans are installment loans for the purchase of used vehicle to be used
for personal, business or commercial purposes. The used car loan Programmes is
a retail asset product & can be availed by the Individuals, Sole Proprietor,
Partnership Firms, Pensioner, Farmers, Public & Private companies who satisfy
the credit parameters set out in this manual. The bank would assess the credit
worthiness of the applicant, approve and disburse the loan and also mark a lien
on the vehicle as a security. The lien on the vehicle has to be a first lien. Listed
below are some the key product features:

Features:-
Choose any car manufactured in India within a certain range.
Borrow up to 70% of the value of the car.
Flexible repayment options, ranging from 12 to 36 months.
Borrow up to 2times your annual salary(for salaried professionals)
And 2times your annual income (for self employed professionals)
Available for almost all car models at attractive interest rates.
Repay with easy EMIs.
If you have had a Preferred Account or a Corporate Salary Account
With ALLAHABAD bank for than six months, you can get fast approvals
on your loans with minimal documentation.









DOCUMENTS REQUIRED:-

Documentation Requirements Salaried
Individual
Self employed
Individual
Partnerships Firms Private Ltd
Company
Public Ltd Company
Application Form
Yes Yes Yes Yes Yes
Income Documents (last 3
years)
Last 3 Years
ITR or Form
Last 3 Years
ITR &
Last 3 Years ITR & Last 3
Years
Last 3 Years
no.16 Audited
accounts
Audited Accounts Audited
B/S & P&L
A/C
Audited
B/S & P&L A/C
Bank Statement (Last 12
months)
Yes Yes Yes Yes Yes
Proof of Identity
Yes Yes Yes Yes Yes
Proof of Residence
Yes Yes Yes Yes Yes
Proof of Office Address
Yes Yes Yes Yes Yes
Legal Documents

A Letter Signed by
all the Partners
accepting the Loan
MOA &
AOA
MOA & AOA






ELIGIBILITY CRITERIA:-
For Salaried Individuals, Self-employed Individuals, Partnership Firms, Public and
Private Limited companies.
Criteria Salaried Self
employed
Partnership
firm
Company
Age
21-60 years
at the end of
the tenure
21-65 at the
end of the
tenure
NA NA
No. of years
in current
residence
Minimum 1
year.
Minimum 1
year.
NA NA
Min. of years
in/
Employment/
Business
At least
3years of
total
employment
At least
3years in
Business.
At least 3years
in Existence.
At least 3
years in
Existence.
Min. income
for cars
Gross income
of Rs1.5lakh.
Last year &
latest year
must be
profitable.
Last year &
latest year
must be
profitable.
Last year &
latest year
must be
profitable.
Telephone
Must be at
residence &
at office.
Must be at
residence &
at office.
One phone at
least in
Business & one
at residence of
loan Executing
partner.
At least 1
phone must
be at
business.

PRICING:-
Highly competitive.
1.10% processing fee payable up front (Pl contact local sales manager for
revised applicable rates).
Customers can pre-pay the entire loan amount before the agreed tenure.

Fees and Charges:-

Description of Charges New Car Loans
Cheque bouncing charges Rs 100
Stamp Duty At actual
Late Payment Penalty More than 2% per month
Processing Fees 1.10%
Other Charges -
Valuation charges Used Cars Rs2000 per case







Staff Vehicle Loan
ALLAHABAD bank also provide car loan to their employees this loan is only meant
for the staff members of bank at attractive rate of interest with longer repayment
payment period. This loan is different from star auto fin loan.

Details of Staff Vehicle Loan:-
Maximum amount = Rs360000
Minimum Amount = Rs80000
Margin = 10%
Maximum repayment period = 15years
Rate of Interest:-
Up to Rs80000 at 8%pa.
Above Rs80000 to Rs360000 at 12%pa.


















Car/Vehicle Loan Scheme
ORIENTAL CAR/VEHICLE LOAN SCHEME FOR GENERAL PUBLIC
Purpose For purchase of all variants of new car,suv,4 wheelers & two
wheelers-- scooter/motor cycle etc.
(non-commercial use- to be registered as private vehicle)
For purchase of Second Hand Cars to be used as private vehicle
only
For all individuals - Minimum Income criteria -For two Wheelers - Rs.
10000/- per month gross
For Four Wheelers-Rs.
15000/- per month gross
Salaried persons/retired Minimum 1 year of service
Retired
employees/pensioner
Age should not exceed more than 65 years
Businessman/professional No age bar. Established business for not
less than 2 years service
Agriculturist Based on the land holding
FOR EXISTING SME/MIDCORPORATE/CORPORATE
BORROWERS Cash generation and repayment capacity
Maximum
Loan Ceiling
Maximum loan for Two Wheelers - Rs.2.00 Lac &
Four Wheelers- Rs.50.00 Lacs
Security Hyp. of New Two wheeler / Car / MUV purchased out of Bank Finance.
The hypothecation charge shall be registered in the books of RTO.
Collateral
Security
For Two wheelers One personal guarantee acceptable to the bank.
For Cars/MUVs No personal guarantee

Margin For Two wheelers -10%
For Cars/MUVs -15% on on-road cost
Components
of finance
Show room price + one time road tax + Registration Charges & First
year's insurance cost
Assessment
of eligible
loan amount
In case of salaried persons / pensioners/ Professionals maximum loan
admissible shall be equivalent to 30 months Gross salary/ pension subject
to condition that the net take income (gross Annual income minus all
existing deductions, IT deduction & Proposed loan instalment)is in 30-
40% slab as per Gross Annual income.
Upto Rs. 50000/- pm 40% Above Rs. 50000/-pm 30%
In case of Business entities -Cash generations to satisfy the repayment
of the proposed loan
Repayment
Period
Upto 84 EMI's {Equated monthly installment of Principal & interest
components} (Subject to remaining period of service / repayment
capacity & maximum age upto 65 years).
Rate of
Interest
Click here to view Rate of Interest.
Process fee 0.50% of loan amount with a minimum of Rs.500. +Service tax, if any.
Other
Charges
Prepayment Penalty / documentation charges/ upfront fee- NIL
Financing of Second Hand Cars
Amount Rs.7.50 lacs
Margin 20% (Under TVS) & 30% (Non TVS) of market value assessed by valuer
or purchase value of the second hand car. whichever is less
Rate of
Interest
Loan repayable within 36 months -- *BR+3.00%
Age of
vehicle
The age of the vehicle should not be older than 2 years at the time of
sanction of loan subject to satisfactory valuation & roadworthy condition.
Repayment Repayment in 36 EMIs
Collateral
security
One third party personal guarantee acceptable to the Bank

Check Points Only for personal use, Invoice authenticity by dealers, Driving license,
repaying capacity
Car/Vehicle Loan facility for Bank's Existing Mid Corporate/ Corporate
Borrowers is also available.
Special concession to captive customers.
Documents/Information to be provided by the applicant along with Loan Application
Form.
(These documents are indicative, relevant documents be obtained on case to case basis)
Proof of Identity & Address (PAN Card, Driving License/Voter ID Card/Passport/Ration
Card etc. of applicant and guarantor(s), if any/ /Salary Slip/proof of permanent and
regular employment/proof of age/proof of length of service (confirmed permanent
employees of Govt.) /Proof of confirmed service/proof of length of service and of
income (IT/Professionals)/Proof of income (Balance Sheet and P&L A/C for last 3
years)/proof of date of establishment of business(Businessmen)/Proof of land holding
(Agriculturists)/Copy of ITR/Form-16 for last two/three years in all cases/Bank
statement of Account for the last six months in all cases/Passport size photographs of
applicant (s) and Guarantors/Proof of Income of spouse, if he/she stands as
guarantor/Proforma Invoice/ Quotation of the Vehicles to be purchased (New Vehicles)
Certificate as to the Age of the Vehicle, Residual Life, Valuation of Vehicle etc. from the
approved surveyors of General Insurance Companies or authorized dealer under True
Value Scheme along with RC and Insurance (Second hand cars)/Information sheet for
guarantors along with their PAN Card, proof of their identity, residence, age, income.





























OBJECTIVE OF THE STUDY
TO STUDY THE CAR LOAN PROVIDED BY ALLAHABAD
BANK TO THEIR CUSTOMERS.

TO STUDY THE DETAILED PROCEDURE INVOLVED IN
THE SANCTIONING OF CAR LOAN.


TO STUDY THE AWARENESS OF THE CAR LOAN
AMONG THE CUSTOMER

MAKE A COMPARATIVE STUDY OF ALLAHABAD
BANK CAR LOAN WITH OTHER COMPETITIVE BANKS


TO STUDY THE RULES AND DOCUMENTS REQUIRED
BY ALLAHABAD BANK
FOR CAR LOAN


CONCLUSION
There are various type of car loans are being provided by ALLAHABAD
Bank ranging from short term to long- term to packing and like. But as
studies throughout the project, lending process is not so simple. It
involve a long series of steps and planning as suited to and decided by
the bank itself, of course, abiding by the rules and regulations of
ALLAHABAD Bank and RBI.
It Provide easy car loan access if all required documents are
prepared.
It charge minimum processing fees moreover processing charges
are waived for senior citizens, staff members & retired employees
of the bank & pensioners drawing pension from the bank.
It fulfills the dreams of the people having a car.
Somewhere it Contribute in Indian economy by releasing the
liquidity in terms of loans.
Better and timely quality of services and product diversification.
Highest loan amount in comparison of other banks.
It provide car loan at lowest rate of interest in comparison to
other banks.
Negative Points
The bank take long processing time, during the time customer
may dilute his plan of taking loan.
Communication gap to approach right kind of people
No long term customer relationship.
List of defaulters
ALLAHABAD Bank is not providing services like refinance
&overdraft
RECOMMENDATIONS
ALLAHABAD Bank should go for advertise car loan availability.
Try to maintain very good relationship with car dealers.
ALLAHABAD Bank is having a large number of existing customers
so they should convert their strength in opportunity.
Try to aware customer about car loan availability & procedure
that how to apply for loan.
More promotional schemes should be followed, for example if a
customer is paying his EMI regularly, he can be given some gift or
some concession in interest rate that would be an incentive for
others also to pay regularly.
By making randomly surveys it should identify prospective buyers.
By declaring special loan scheme on festive seasons i.e. loan mela.
Facility to access loan from anywhere i.e. nearest to your resident,
office, working place.
Properly and timely solution of customer complaints.
ALLAHABAD Bank should also provide extra facilities like
Refinance & Overdraft facilities which help in making new &
retain existing customers & win the trust of the people.
ALLAHABAD Bank should go for advertise car loan availability by
using different media like T.V, Newspaper, Radio, Print media etc.
in order to make more people aware of the car loan scheme.





LIMITATIONS
Due to Shortage of Bank Staff it is difficult to collect data
from Bank employees. As they have lot of workload due
to which Bank employees does not want to give
information as they feel it is wastage of time.