Home Loan Patna

Home Loan Rates 2017 325 views

About Home Loan in 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 as a result of which the demand for home loans is also at its peak. To fulfill the housing finance needs of the people, some of the top banks like SBI and DHFL are providing affordable housing loans in Patna. Check out the details of the interest rates on a housing loan and the nearest branch address to apply now.

Top Banks for Home Loan in Patna with Address

Banks NameMain Branch AddressRate Of Interest
SBIWest Gandhi Maidan, Patna, Bihar 8000018.35% - 8.65%
HDFC LtdKataruka Niwas, 2nd floor, South Gandhi Maidan, Patna, 8000018.35% - 9.05%
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%

Indiabulls HFLNo. 1, Ground Floor, Road No. 17, Housing Colony, Sri Krishna Nagar, Patna - 8000018.35% - 8.55%
Bank of BarodaBailly Road, Ashiana More, Patna, Bihar - 8000148.30% - 9.30%
DHFL3rd Floor, Pandey Plaza, Exhibition Road, Patna, Bihar 8000018.60% - 8.85%
LIC HFL215, Grand Plaz Building, Fraser Rd, Dak Bunglow Chouraha, Patna, Bihar 8000018.35% - 8.70%
IDBI BankKashi Place Complex, Daak Bunglow Road, OPP Heera Place, Patna8.35% - 8.65%

Home Loan  in a nutshell

ParticularsDetails
Interest Rate

8.30% - 17.00%

Processing Fee0% to 1.25 % of the loan amount
Prepayment/ part payment chargesNil
Tenure/ Repayment1-30 years

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.

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.

You May Also Read