Personal Loan Rates 2018 820 views
If you are residing in Patna and looking for funds, have a look at the personal loan interest rates and eligibility criteria for top banks in your city.
Table of Contents
Top Banks Offering Personal Loan in Patna
|Bank Name||Main Branch Address||Rate of Interest|
|State Bank of India (SBI)||Main Road, Kankarbagh, Near KFC, Patna, Bihar 800020||11.35% - 15.10%|
|HDFC||12, Boring Rd, Gandhi Nagar, Anandpuri, Patna, Bihar 800013||10.99% - 20.99%|
|ICICI||Bihar State Financial Corporation, Fraser Rd, Old Jakkanpur, Raja Ji Salai, Indira Nagar, Patna, Bihar 800001||10.99% - 18.49%|
|Axis||Exhibition Rd, Ali Nagar Colony, Salimpur Ahra, Golambar, Patna, Bihar 800001|
15.50% - 24.00%
|Punjab National Bank||Boring Rd, Sri Krishna Puri, Patna, Bihar 800013||11.10% - 14.85%|
|Bank of India||Main Rd, Rajeev Nagar, Patna, Bihar 800024||11.80% - 13.80%|
|Bank of Baroda||Opposite To Corporation Bank, Exhibition Rd, Patna, Bihar 800001|
11.55% - 16.55%
|Central Bank of India||Maurya Lok Complex, New Dak Bungalow Rd, Fraser Road Area, Patna, Bihar 800001||10.05% - 12.30%|
|IDBI Bank||Danapur Main Road, Bibiganj, Danapur, Patna, Bihar 801503||12.49% - 13.49%|
Personal Loan Interest Rates in Patna
|Interest Rates||10.99% - 25.00%|
|Processing Fee||1%-3% of the loan amount + GST|
|Pre-payment Charges||3%-5% of the principal outstanding + GST|
|Repayment Period||Upto 5 Years|
|Lowest EMI||₹2,204-2,935 (per Lakh)|
Personal Loan Calculator
Talking about a personal loan EMI calculator online, no doubt this magical tool is always there to ease your burden. The device with its simple algorithm and the fastest process does all the complex calculations in just a few seconds. You just need to feed-Loan Amount, Tenure and Interest Rate, and the moment you enter the same, the device starts functioning and fetches the results in front of you. With the help of the same, you can get to know the exact calculations of your EMIs, Interest Outgo and Total Amount Payable towards a personal loan.
Below is the example for you to understand how you can calculate the EMI on your personal loan with the help of an EMI calculator. The calculations are based on a loan amount of Rs.5 Lakh, taken for a tenure of 5 years at an interest rate of 11% per annum.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
|Loan Amount||Interest Rate||Tenure||Monthly Instalment||Total Interest Amount||Total Amount|
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Personal Loan Eligibility
The basic eligibility criteria for availing a personal loan is as follows:
Age: 21-60 Years
Income: ₹1,44,000-1,80,000 p.a.
Overall Work Experience: 2-3 Years
Work Stability with Current Employer: 1 Year
Age: 24-65 Years
Income: ₹1,80,000-2,00,000 p.a.
Stability in the same Profession: 3 Years
- Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
- Address Proof- Utility Bill/Passport/Aadhar card/Voter ID
- Income Proof- Latest Salary Slip/ ITR/Form-16
- Bank Statement- Last 3-6 Month Bank Statement