Allahabad Bank Revises Benchmark Prime Lending Rate (BPLR) from 12.50% to 13.25%

No Change in interest on Home Loans upto Rs.10 lacs

To meet the rising cost of fund, Allahabad Bank, one of the leading nationalized banks of the country, has revised its Benchmark Prime Lending Rate (BPLR) by 75 basis points from the present rate of 12.50% to 13.25% with effect from 2nd April, 2007.

Due to the above change in the BPLR, the revised interest rates are applicable on all existing and future working capital and term loans, which are linked to BPLR. However, the increase in Benchmark PLR will not be applicable to Home Loan limit up to Rs.10 lacs.

Publicity Department, HO
09.04.2007

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