EMI calculator
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Best Home Loan in Patna
Are you planning to buy a home in Patna? Turn your dream into reality with convenient home loan options available in the city. Whether you’re a salaried professional or self-employed, looking for a cozy 1-BHK flat or a spacious apartment, you can find flexible home loan solutions tailored to your needs. Enjoy a simple online application process, minimal documentation, and quick approval — making your home-buying journey smooth and stress-free.
- Rates from 8.50% p.a.
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Home Loan in Patna
Looking for the best home loan in Patna, Bihar? Many top banks and financial institutions offer attractive housing loan options with affordable interest rates and flexible repayment tenures. Whether you are a salaried employee or self-employed, you can easily apply for a home loan in Patna and make your dream home a reality.
Below are the key details:
| Particulars | Details |
| Interest Rate | 7.50% p.a. to 11.50% p.a. |
| Processing Fee | As per the bank’s terms and conditions |
| Maximum Loan Amount | Based on the applicant’s eligibility and bank policies |
| Maximum Tenure | Up to 30 years (varies from bank to bank) |
Experience low interest rates, speedy approvals, and easy paperwork when applying for a home loan in Patna, Bihar.Start the path to securing your dream home today!
Home Loan Interest Rate in Patna
Interest rates play a significant role in your home loan in Patna. These rates determine your monthly payments and total loan cost, which currently range from 7.50% to 11.50% p.a..
The numbers make more sense with a real example. A 20-year home loan of ₹90 lakhs at 7.9% interest requires a monthly EMI of ₹74,720. A better rate of 7.1% reduces your EMI to ₹70,861, which saves you money substantially over time.
Major lenders in Patna offer these home loan interest rates:
| Lender | Home Loan Interest Rates In Patna | Processing Fees & Charges | Maximum Loan Amount | Maximum Loan Tenure |
| Aavas Financier Limited Home Loan | 8% | 2% | – | 30 Years |
| Aditya Birla Capital Home Loan | 9% – 12.50% | 1% | 10 Crores | 30 Years |
| Andhra Bank Home Loan | 8.15% – 9.20% | 0.50% or ₹15000 + GST (whichever is lower) | – | 30 Years |
| Axis Bank Home Loan | 8.75% – 14% | 1% | 10 Crores | 30 Years |
| Bank of Baroda Home Loan | 8.50% – 10.60% | 0.25%- 0.50% | 10 Crores | 30 Years |
| Bank of India Home Loan | 7.80% – 9.65% | – | 7.50 Crores | 30 Years |
| Bank of Maharashtra Home Loan | 8.40% | 0.25% or 25,000 (whichever is lower) | 1 Crore | 30 Years |
| Canara Bank Home Loan | 8.85%- 11.25% | ₹1,500 – ₹10,000 | 3 Crores | 30 Years |
| Central Bank of India Home Loan | 8.45% – 9.20% | 0.50% or ₹20,000 + GST (whichever of lower) | 75 Lakhs | 30 Years |
| DBS Home Loan | 8.25% – 9.75% | – | 5 Crores | 25 Years |
| Dena Bank Home Loan | 8.25% – 8.35% | 0.50% | 1.5 Crores | 30 Years |
| Dhanalakshmi Bank Home Loan | 7.2% | 1% or ₹10,00 + GST (whichever is higher) | 1 Crore | 30 Years |
| DHFL Home Loan | 8.75% | – | 5 Crore | 30 Years |
| Federal Bank Home Loan | 10.15% – 10.30% | – | 15 Crores | 30 Years |
| HDFC Ltd. Home Loan | 8.50% – 9.60% | 0.50% or ₹3000 (whichever is higher) | 10 Crores | 30 Years |
| IDBI Bank Home Loan | 8.75% – 11.45% | – | 10 Crore | 30 Years |
| IDFC First Bank Home Loan | 8% – 14% | 3% | 10 Crores | 30 Years |
| Indiabulls Home Loan | 8.75% | 1% | 2 Crores | 30 Years |
| Indian Overseas Bank Home Loan | 9.55% | – | – | 30 Years |
| India Shelter Finance Corporation Home Loan | 13% – 20% | 2% – 3% + GST | 50 Lakhs | 20 Years |
| Jammu and Kashmir Bank Home Loan | 8% | 0.25% + GST | 50 Lakhs | 30 Years |
| Karnataka Bank Home Loan | 9.08% – 10.38% | 0.50% – 2% | 5 Crores | 30 Years |
| Karur Vysya Bank Home Loan | 9.23% – 12.13% | ₹2500 – ₹7500 + GST | – | 25 Years |
| Kotak Mahindra Bank Home Loan | 8.85% – 9.40% | 0.50% | 10 Crores | 20 Years |
| LIC HFL Home Loan | 8.70% | 0.30% onwards | 10 Crores | 30 Years |
| PNB Housing Home Loan | 8.50% – 10.85% | – | 2 Crores | 30 Years |
| Reliance Home Finance Limited Home Loan | 9.35% – 13% | 0.50% – 1.50% | – | 20 Years |
| South Indian Bank Home Loan | 7.95% – 9.60% | 0.50% + GST | 15 Crores | 30 Years |
| State Bank of India Home Loan | 9.55% | ₹2000 – ₹10000 + GST | 5 Crores | 30 Years |
| Sundaram Home Finance Ltd Home Loan | 6.95% – 8.30% | 0.50% | 4 Crores | 25 Years |
| Tamilnad Mercantile Bank Home Loan | 9.10% – 9.60% | 0.50% | 5 Crores | 30 Years |
| Tata Capital Limited Home Loan | 8.95% | 2% | 5 Crores | 30 Years |
| Union Bank Home Loan | 8.75% | 0.50% or ₹15000 + GST (whichever is lower) | – | 30 Years |
| Yes Bank Home Loan | 9.15% – 11.25% | 1.5% – ₹10000 (whichever is higher) | 10 crores | 35 Years |
Banks look at several factors to determine your final interest rate:
- Your credit score and income
- Loan amount and tenure
- Type of interest rate (fixed or floating)
- Current RBI repo rate
Best Home Loan Providers in Patna
If you’re planning to apply for a home loan in Patna or anywhere in Patna, Bihar, several top banks offer attractive loan options with competitive interest rates and easy application processes. Here’s a quick look at some of the best home loan providers in the city:
| Bank / Lender | Branch Location |
| HDFC Bank | 15 A, Sri Ram Enclave, Arya Kumar Road, Patna, Bihar – 800016 |
| Kotak Mahindra Bank | Ravi Urmilla Complex, Ashiyana Digha Main Road, Near Passport Office, Patna, Bihar – 800014 |
| Axis Bank | PN 132 & 133, 134 & 178, Basement, G.F. Khata No. 409, 478 & 176, Dhakanpura, Patna, Bihar – 800001 |
| IndusInd Bank | Ground Floor, 10, Abhinav Apartments, Main Road, Near Passport Office, Ashiana Digha Main Road, Ashiana Nagar, Phase 1, Patna, Bihar – 800014 |
| State Bank of India (SBI) | Main Road, Kankarbagh, Chandragupta Path, P C Colony, RBI Flats Colony, Bankman Colony, Patna, Bihar – 800020 |
These banks provide convenient options for home loans in Patna, offering flexible repayment tenures, minimal paperwork, and attractive interest rates to help you own your dream home easily.
Eligibility and Documents Required for Home Loan in Patna
Planning to buy or build a home in Patna? Here’s a clear guide on eligibility and the documents required to apply for a home loan in Patna, Bihar.
| Purpose | Eligibility | Documents Required |
| Age | 18 to 75 years (varies by bank) | PAN card, voter ID, passport, or driving license |
| Residency | Resident of India | PAN card, voter ID, passport, or driving license |
| Employment | Salaried or Self-employed | Employee ID (for salaried), business registration documents (for self-employed) |
| Income | Salaried – From ₹10,000 p.m.
Self-employed – From ₹1.8 lakh p.a. (varies by bank) |
– Last 3 months’ salary slips
– Last 6 months’ bank statements – Last 2 Years’ Form16 and IT Returns – Previous 3 years’ income tax returns – Previous 3 years’ profit & loss statements with balance sheet – Last 12 months’ bank statements |
Note: The documents listed above are indicative. Banks may request additional documents based on their policies.
With multiple home loan options available in Patna, you can compare interest rates, flexible repayment tenures, and offers to choose the best home loan in Patna. Make your dream of owning a home in Patna, Bihar a reality with simple and hassle-free loan approval.
Types of Home Loans in Patna, Bihar
Understanding home loans in Patna helps you choose the right financing option for your needs. Whether you’re buying a ready-made property or building your dream home, there’s a suitable loan option available.
Common Home Loan Types in Patna
| Loan Type | Purpose | Key Feature |
| Standard Home Loan | Property purchase | Interest rates from 7.50% to 11.50% p.a. |
| Plot Loan | Land purchase | For residential plots only |
| Home Construction | Building on owned plot | Phased disbursement of funds |
| Home Renovation | Property improvement | Shorter loan tenure |
| Home Extension | Adding rooms/floors | Flexible repayment options |
Specialized Home Loan Options
- Balance Transfer Loan: Move your existing loan to a lender offering lower interest rates.
- Top-up Loan: Get additional funds on top of your current home loan.
- Rural Housing Loan: Special schemes for homes in rural areas.
Construction loans release funds in stages, while renovation loans provide quick funds for essential improvements. You can also combine loans—start with a plot loan and add a construction loan later—to build your dream home in phases.
How to Apply for a Home Loan in Patna
Applying for a home loan in Patna is simple, with both online and offline options. Here’s what you need:
| Document Type | Required Papers |
| Identity & Address | PAN card, Aadhaar, Voter ID |
| Income Proof | Last 6 months’ bank statements, Form 16 |
| Property Papers | Sale agreement, NOC, Title deeds |
| Business Proof (Self-employed) | Business license, GST returns |
Simple Steps to Apply
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Submit Your Application: Fill out the loan form online or at the branch with necessary documents.
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Pay Processing Fee: Typically 0.25%–0.50% of the loan amount.
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Verification: Bank checks documents, credit score, and property valuation.
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Loan Approval: Receive the sanction letter with the approved loan amount and interest rate.
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Final Documentation: Sign the agreement and submit original property papers; funds are released based on construction stage.
Tax Benefits on Home Loans in Patna
A home loan in Patna also offers tax savings under the Income Tax Act:
| Tax Section | Component | Maximum Deduction |
| Section 80C | Principal repayment | ₹1.5 lakh/year |
| Section 24(b) | Interest payment | ₹2 lakh/year |
| Section 80EEA | Additional interest for first-time buyers | ₹1.5 lakh/year |
Benefits:
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Principal repayment deduction covers up to ₹1.5 lakh annually, including stamp duty and registration charges.
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Interest deductions up to ₹2 lakh per year for self-occupied properties; no upper limit for rented properties.
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First-time homebuyers can claim an extra ₹50,000 under Section 80EE if the loan is under ₹35 lakh and property value ≤ ₹50 lakh.
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Joint home loans allow both co-borrowers to claim separate deductions. Keep all loan statements and receipts for hassle-free tax filing.
How NoBroker Helps You
Finding the right home loan can be time-consuming — that’s where NoBroker simplifies everything for you. With NoBroker Home Loan Services, you can:
- Compare top lenders instantly to find the lowest interest rates in Patna.
- Check your eligibility and get free EMI calculations in minutes.
- Enjoy end-to-end assistance — from document submission to loan approval.
- Save money and time with expert advice and zero brokerage charges.
NoBroker connects you with trusted banks and financial institutions, ensuring a transparent, hassle-free, and faster loan process. Start your home loan journey with NoBroker today and move one step closer to owning your dream home in Patna!
Conclusion
Owning a home in Patna is now easier than ever with multiple banks and financial institutions offering competitive interest rates, high loan amounts, and flexible repayment options. Whether you’re salaried or self-employed, you can find a plan that fits your budget and long-term goals. With various types of home loans — from purchase to renovation or construction — there’s something for every homebuyer. By comparing interest rates, tenure, and eligibility criteria, you can make a smart, informed decision and turn your dream of owning a home in Patna into reality.
Home Loan Calculators
EMI and eligibility side by side on desktop. On mobile, switch tabs to plan your monthly outflow and loan amount.
Last Updated: Jun 18, 2026
Education - BTech (IIT Guwahati), IIM Bangalore
With 7 years of hands-on experience structuring home loans across both public and private lending institutions, Suraj Mudaliar brings sharp, practical expertise to every borrower's journey. He specializes in loan eligibility assessment, balance transfers, and EMI optimization - helping customers not just get a loan, but get the right loan for their financial situation.
Top questions asked
Both salaried and self-employed individuals who meet the age and income criteria can apply.
It's generally recommended to keep your home loan EMI at 40-50% of your monthly income. This ensures you can comfortably manage your loan repayments while maintaining your lifestyle and other financial obligations.
The EMI for a ₹20 lakh home loan in Patna would depend on the interest rate and loan tenure. For example, at an interest rate of 8.5% for a 20-year tenure, the EMI would be approximately ₹17,400. However, it's best to use an EMI calculator for precise figures based on current rates.
Home loan interest rates generally range from 7.50% to 11.50% p.a. depending on the bank and loan type.
Yes, most banks allow prepayment or foreclosure. Charges may apply, so check your lender’s policy.
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