Home Loan Rates EMI 2017 210 views
Table of Contents
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
8.35% - 13.95%
|Processing Fee||0% to 1.25 % of the loan amount|
|Prepayment/ part payment charges||Nil|
|Tenure/ Repayment||1-30 years|
|Lowest EMI||₹758- 1180 (per lakh)|
Eligibility criteria required to get home loan in Patna
|Particulars||Salaried Individuals||Self-Employed Individual||Partnership Firm||Private/Public Ltd. Company(in existence for at least 3 years)|
|Age||The applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loan||Any 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 annum||Gross annual income of at least ₹1,80,000lakhs||Firm should have a minimum PAT (profit after tax) of ₹3 lakhs||Minimum PAT (profit after tax) of ₹3 lakhs|
|Job Stability||The total employment stability should be more than 2 years and current employment stability of minimum 1 year||Business stability should be more than 3 years|
- 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 Name||Main Branch Address||Rate Of Interest|
|State Bank Of India||West Gandhi Maidan, Patna, Bihar 800001||8.35% - 8.80%|
|HDFC Bank||Bimla Sadan, Holding No # 801 / 432, Ward No # 37, Exhibition Road, , Patna - 800001, Bihar||8.35% - 8.55%|
|ICICI Bank||H - 39 Doctors Colony, Kankarbagh, Patna?800020||8.35% - 8.85%|
|Axis Bank||Aket Towers, S P Verma Road, Patna-800001||
8.35% - 8.75%
|Punjab National Bank||Danapur Cantt, Distt. Patna Bihar||8.50% - 8.70%|
|Bank of India||Patna Main, Fraser Road, Post Box No. 166, , Patna City, 800001, Bihar||8.55% - 8.60%|
|Bank of Baroda||Bailly Road, Ashiana More, Patna, Bihar - 800014||8.35% - 8.85%|
|Central Bank Of India||Laxmi Complex, Boring Road, Patna||
|Bank of Maharashtra||Kalyan Bhawan, First Floor, Khajpura, Bailey Road, Patna - 800014||
8.70% - 10.25%
|IDBI Bank||Kashi Place Complex, Daak Bunglow Road, OPP Heera Place, Patna||8.30% - 11.30%|