Home Loans in
Patna
If you are contemplating buying a home in Patna, don't let the worries of arranging for finances dishearten you. Simply apply for a home loan in Patna from a reliable bank or housing finance company. The home loan interest rate in Patna starts at 8.45% p.a. Top lenders may ask for a processing fee of up to 0.50% on the loan amount and grant you a home loan for as long as 30 years with flexible repayment options. Patna is one of those cities that also offers extra concession on interest rates to women borrowers, and women can apply for home loans either as individuals or as co-applicants.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Patna
The most affordable home loans in Patna have an interest rate starting at 8.45% per annum. Women borrowers can expect a concession of 0.05% on home loan interest rates in Patna at various banks and NBFCs. Moreover, applicants can choose between a floater or a fixed interest rate at several financial institutions offering housing loan schemes in Patna. The table drafted below will help you compare the rate of interest and processing fee charges on home loans in Patna by the top 10 banks and non-banking financial companies:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 Bank of India | 30 | 8.45% | Up to 0.25% of the loan amount (Min: Rs. 1,500; Max: Rs. 20,000) | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Max: Rs. 25,000) | |
 Aavas Finance | 30 | 8.50% | Up to 1% of the loan amount + GST | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Min: Rs. 3,540) | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Max: Rs. 10,000) | |
 Federal Bank | 30 | 8.80% onwards | 0.50% of the loan amount (Rs. 3,000 + GST min; Rs. 7,500 + GST max) | |
 Tata Capital Ltd. | 30 | 8.95% onwards | Up to 0.25% (Max: Rs. 3,540) | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 Karur Vysya Bank | 30 | 9.23% | Rs. 2,500 - Rs. 7,500 + GST |
Eligibility Criteria for Home Loans in Patna
These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.
Documents Requirement for Home Loans in Patna
When applying for a housing loan, you must fill out the application form, submit the processing fee cheque, and a set of KYC documents. Worry not, even if you are not aware of what are the essential documents for home loan in Patna, as it will acquaint you with the same:
|
|
| Proof Of Residency | Aadhaar Card, Valid Passport |
| Proof Of Income | Bank Passbook, Bank statement, Last 3 years IT Return |
| Proof Of Age | PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment |
| Proof Of Employment | Certified Letter from Employee/Company Memorandum |
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