Home Loan Patna

Home Loan Rates EMI 2017 210 views

About Patna

Patna is the capital city of Bihar. It is one of the fastest growing city of the country with the GDP of around 7.29%. Its GDP is increasing with every year and is prepared to perform better. The economy of the city is fast moving consumer goods industry, trade, and agricultural products. The medium and small enterprises are growing rapidly. The city has a lot of potential which has not been utilized properly. It has the potential to attract investment in future. It is selected to be developed as the smart city and hence many banks and NBFCs are planning to increase their customer base across the city.

About Home Loan

Home loan is the product offered by the banks and NBFCs that assist you in making your dream to own a house come true by providing the required financial assistance. The home loan charges the lowest amount of interest rate when compared to other loan products which make it relatively cheaper than other loans. So, now you can avail the home loan and pay the EMI and live in your own house instead of paying the rent.  The home loan can be availed from the lenders if you fulfill the eligibility criteria and have all the required and valid documents with you.

Home Loan  in a nutshell

ParticularsDetails
Interest Rate

8.35% - 13.95%

Processing Fee0% to 1.25 % of the loan amount
Prepayment/ part payment chargesNil
Tenure/ Repayment1-30 years
Lowest EMI₹758- 1180 (per lakh)

Eligibility criteria required to get home loan in Patna

ParticularsSalaried Individuals Self-Employed IndividualPartnership FirmPrivate/Public Ltd. Company(in existence for at least 3 years)
AgeThe applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loanAny proprietor, partner, professional or director above 21 years but below 65 years at the time of the loan maturity.
Income Gross annual income of at least ₹ 1,80,000 per annumGross annual income of at least ₹1,80,000lakhsFirm should have a minimum PAT (profit after tax) of ₹3 lakhsMinimum PAT (profit after tax) of ₹3 lakhs
Job StabilityThe total employment stability should be more than 2 years and current employment stability of minimum 1 yearBusiness stability should be more than 3 years

Documents required

  • Proof of Identity- PAN Card/Driving license/ Voter ID/Passport/Aadhar Card.
  • Proof of address– Passport/Utility bill/Aadhar card
  • Proof of Income– Latest salary slip/ ITR/Form-16
  • Bank Statement- Last 3 months bank statement/ last 6 months bank passbook.
  • Property Documents- Agreement sale copy, Certificate of possession, Land tax receipt, the Detailed cost of construction, Letter of allotment, Original NOC.

Top Banks Home Loan Interest Rate and Address

Banks NameMain Branch AddressRate Of Interest
State Bank Of IndiaWest Gandhi Maidan, Patna, Bihar 8000018.35% - 8.80%
HDFC BankBimla Sadan, Holding No # 801 / 432, Ward No # 37, Exhibition Road, , Patna - 800001, Bihar8.35% - 8.55%
ICICI BankH - 39 Doctors Colony, Kankarbagh, Patna?800020 8.35% - 8.85%
Axis BankAket Towers, S P Verma Road, Patna-800001

8.35% - 8.75%

Punjab National BankDanapur Cantt, Distt. Patna Bihar8.50% - 8.70%
Bank of IndiaPatna Main, Fraser Road, Post Box No. 166, , Patna City, 800001, Bihar8.55% - 8.60%
Bank of BarodaBailly Road, Ashiana More, Patna, Bihar - 8000148.35% - 8.85%
Central Bank Of IndiaLaxmi Complex, Boring Road, Patna

8.40%

Bank of MaharashtraKalyan Bhawan, First Floor, Khajpura, Bailey Road, Patna - 800014

8.70% - 10.25%

IDBI BankKashi Place Complex, Daak Bunglow Road, OPP Heera Place, Patna8.30% - 11.30%

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