Personal Loan in Patna

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.

Top Banks Offering Personal Loan in Patna

Bank NameMain Branch AddressPersonal Loan Rate of Interest
State Bank of India (SBI)Main Road, Kankarbagh, Near KFC, Patna, Bihar 8000209.60% - 13.60%
HDFC12, Boring Rd, Gandhi Nagar, Anandpuri, Patna, Bihar 80001310.75% - 21.30%
ICICIBihar State Financial Corporation, Fraser Rd, Old Jakkanpur, Raja Ji Salai, Indira Nagar, Patna, Bihar 80000110.75% Onwards
AxisExhibition Rd, Ali Nagar Colony, Salimpur Ahra, Golambar, Patna, Bihar 80000115.50% - 24.00%
Punjab National BankBoring Rd, Sri Krishna Puri, Patna, Bihar 8000138.80% - 11.65%
Bank of IndiaMain Rd, Rajeev Nagar, Patna, Bihar 80002410.35% - 12.35%
Bank of BarodaOpposite To Corporation Bank, Exhibition Rd, Patna, Bihar 80000110.10% - 15.10%
Central Bank of IndiaMaurya Lok Complex, New Dak Bungalow Rd, Fraser Road Area, Patna, Bihar 8000019.85% - 10.20%
IDBI BankDanapur Main Road, Bibiganj, Danapur, Patna, Bihar 8015039.20% - 11.95%

Personal Loan Interest Rates in Patna

Interest Rates8.80% - 26.00%
Processing Fee1%-3% of the loan amount + GST
Pre-payment Charges3%-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 AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00011%1₹ 44,191₹ 30,290₹ 5,30,290
₹ 5,00,00011%2₹ 23,304₹ 59,294₹ 5,59,294
₹ 5,00,00011%3₹ 16,369₹ 89,297₹ 5,89,297
₹ 5,00,00011%4₹ 12,923₹ 1,20,293₹ 6,20,293
₹ 5,00,00011%5₹ 10,871₹ 1,52,273₹ 6,52,273

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 79,377₹ 51,077₹ 4,20,622
2₹ 88,562₹ 41,892₹ 3,32,059
3₹ 98,811₹ 31,643₹ 2,33,248
4₹ 1,10,245₹ 20,209₹ 1,23,003
5₹ 1,23,101₹ 7452₹ 0

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

Documents Checklist

  • 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

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  • Personal Loan Interest Rates July 2020
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.75% - 18.49%
    IndusInd Bank11.25%
    Kotak Bank10.99% - 20.99%
    RBL17.50% - 24.00%
    Standard Chartered Bank12.00% - 17.00%
    Tata Capital10.99% - 18.00%