Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Patna Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99%
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    30L Max
    1-5 Years
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
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    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Patna Personal Loan is Rated as "Great!" by 240 Users

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    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Patna Personal Loan

    Patna is the capital of Bihar, has emerged as one of the most booming cities in the state.Patna has since long been a chief agricultural business hub.Patna in the last few years has gone through a sustained growth phase owing to the ‘Green Revolution’ business, the rise of the FMCG industry and an excellent performance of the service sector.In 2009 June, the World Bank assigned Patna a 2nd position (in India) for easiness of business commencement

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Patna Personal Loan if you are

    01
    02
    03
    04
    Patna Personal Loan Minimum Age

    At least 21 years old

    Patna Personal Loan Maximum Age

    Less than 65 years old

    Patna Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Patna Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Patna Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Patna Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Patna Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Patna Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Patna Personal Loan amount by these steps

    01
    02
    Patna Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Patna

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Patna Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Patna Personal Loan Interest RatesUpdated on 20 Nov 2018

    Patna Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Apply for Personal Loan

    Personal Loan in Patna

    For those who need emergency cash, need to fund their wedding, take a trip abroad, etc., they have the option of availing personal loans in Patna from the top banks and NBFCs in the country. Before availing a personal loan, customers can make use of financial portals such as BankBazaar to narrow down on a loan offered by a particular bank - one that suits their financial situation. On the BankBazaar website, customers can compare loans offered by its partner banks and choose one offering the best interest rate and so on. Customers can also make EMI calculations on the BankBazaar website.

    Personal Loan offered by various Banks in Patna

    Listed below are the top banks and NBFCs in Patna that are offering personal loans.

    • Bajaj Finserv
    • Citibank
    • Axis Bank
    • Oriental Bank
    • ICICI Bank
    • Tata Capital
    • HDFC Bank
    • Fullerton
    • Aditya Birla
    • Kotak Mahindra Bank
    • Standard Chartered Bank

    How do I get a Personal Loan with the Lowest Interest rate in Patna?

    Knowing the components of the loan that affect the interest rate added to the loan is important before availing one. Customers generally make the mistake of choosing the bank holding their salary account without actually loan shopping. While in this case the paperwork would be relaxes, availing a loan at the best rate might not be the case. Customers need to look at certain components before availing a personal loan - components that affect the overall interest rate added to the personal loan. If you wish to avail a loan at the lowest interest rate possible, you’d have to look into these areas.

    Credit score: The higher your credit score, the lower will be the interest rate offered to you by the bank or the NBFC. A credit score of 750 plus is ideal when availing a personal loan. If your credit score is below 750, banks usually offer personal loans at a higher interest rate.

    Down payment: Making an upfront down payment anything above 20% of the total loan amount will result in the bank offering you a lower interest rate.

    Debt-to-income ratio: Depending on your salary, most banks and NBFCs usually prefer for the loan applicant's debt-to-income ratio to be below 40% or 50%. Banks and NBFCs in most cases reject the application of a customer if the debt-to-income ratio exceeds 50% as it reduces the bank’s trust in your repaying the loan amount in time. Having a debt-to-income ratio anything less than 40% of your net monthly income will result in the bank or NBFC offering you a personal loan at a decent interest rate.

    Loan shopping: Making comparisons for loan offers from different banks and NBFCs is the right approach before availing a loan. Financial portals such as Bank Bazaar aid customers as they compare the loan offers (with the interest rate, processing fee, etc.) of all its partner banks and displays the bank or NBFC offering personal loans at the lowest interest rate.

    Your company’s reputation and your experience: Having a decent number of years of experience as well as working for a reputed company enhances the bank’s trust in your repaying the loan in time, thereby affecting the interest rate added to the personal loan. If you have worked many years at a stretch and work for a stable and well known company chances are that the bank will slash the interest rate added to your loan.

    Negotiating: Most people do not even know that this is a possibility, but making a negotiation with the bank availing you a loan on the interest rate might just get you a better deal. If you have a good past relationship with the bank, it’s a good chance that the bank will give you the best interest rate possible.

    Personal Loan Interest Rates in Patna

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.00% - 17.99% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 11.49% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One time fee) Rs.15 lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35% (Fixed) Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2% (One time fee) Rs.20 lakh (Max) 1-5 Years

    Salary requirements to avail Personal Loans in Patna

    When deciding whether to accept or reject a personal loan application, banks and NBFCs take into consideration the income of the individual. During this part, the debt-to-income ratio of the applicant is taken into consideration. The salary requirements depend on the loan amount one wishes to take and varies from bank to bank.

    For salaried individuals: In general, the salary requirement - depending on the bank and type of loan - ranges between Rs.7,500 and Rs.50,000 of the applicant's monthly net income.

    For self-employed individuals: Banks and NBFCs take into consideration the self-employed individual’s income over the last two years. In most cases, the profit of the individual for the year should be between Rs.1 lakh and Rs.2 lakh for the individual’s loan application to be approved.

    Patna Personal Loan FAQs

    1. Which is the best way to pay an EMI towards a loan?

      There are several ways to pay an EMI. You can use your net banking account, credit card, debit card, etc.

    2. Tell me the best way to calculate the EMI towards a personal loan?

      You can calculate the EMI using online EMI calculators. The BankBazaar EMI calculator is accurate.

    3. Are there any foreclosure charges?

      Banks and NBFCs charge anything between 2-4% of the outstanding amount when the customer makes a foreclosure. That said, in most cases customers can make a foreclosure only 6 months after commencement of the loan.

    4. You say the credit score is taken into consideration when one avails a loan. What affects the credit score of an individual?

      Failure to pay your credit bills and loan dues in time affects the credit score of an individual. A good credit score is anything above 750.

    5. What is the maximum personal loan amount one can avail?

      Salaried individuals can avail loans anything up to Rs.25 lakh. In the case of availing a joint loan, the loan amount will increase as the income of both parties are taken into consideration.

    Patna Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I received an email from bankbazaar which had a link and i applied through it. My first time experience was good with bankbazaar. Customer service was fine with bankbazaar and their response was good. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 1
      , patna
      Reviewed on Nov 01, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with HDFC bank for personal loan, i received my loan amount on time. I have taken loan for Rs 3 lacs with nominal interest rate when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 5 years.
      Was this review helpful? 0
      , patna
      Reviewed on Nov 01, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with Bank Bazaar has been good and i had recently started using the services of them. The mobile application of them has also been good and their customer support has been responsive as well. The process of getting my personal loan through them where they had been helpful.
      Was this review helpful? 1
      , patna
      Reviewed on Oct 31, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has been good and but it had delayed a bit but i was satisfied at last. The loan amount has fulfilled the requirements and the interest rate has been nominal but the processing fee has been very high. There was some small issues where the sign mismatch has happened and it was sorted out.
      Was this review helpful? 1
      , patna
      Reviewed on Oct 31, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The response is very good and very fast from Bankbazaar.com, they contacted me on time and followed up as well through the process. The website is also easy to understand and use. There were no hassles overall to get connected with the banks.
      Was this review helpful? 2
      , patna
      Reviewed on May 25, 2018
    • ICICI Bank Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with ICICI Bank. The customer services and response is good. I got the loan within three to four days. The process was pretty fast. The rate of interest is 11.75% and the processing fees is 2341. In all there were no hassles.
      Was this review helpful? 0
      , patna
      Reviewed on May 25, 2018
    • Bank Bazaar Personal Loan
      "Good platform"
      0.5 4.5/5 "Excellent!"
      I am satisfied with BANK BAZAAR's customer service which is really good.Their responses was on time. The website has many good features and Its-user friendly also. I have tried using the credit score option and EMI calculator. My overall experience was good.
      Was this review helpful? 0
      , patna
      Reviewed on Jan 27, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with ICICI bank. The loan amount was 1.5 lakhs and the Interest rate was 15.99% which is high . The tenure period 3 years . They have provided door step service for collecting documents and the loan was approved on time. My overall experience was good and its recommendable.
      Was this review helpful? 1
      , patna
      Reviewed on Jan 27, 2018
    • Bank Bazaar Personal Loan
      "Good One"
      0.5 4.5/5 "Excellent!"
      From the bank bazaar side the customer service was good . As after i registered on the website for the loan process i received Call within a days time and on call everything was explained to me in a detailed way . The Website of bank bazaar was good user friendly and very easy to use , as it was a first time for me .
      Was this review helpful? 0
      , patna
      Reviewed on Dec 29, 2017
    • ICICI Bank Personal Loan
      "Pretty good"
      0.5 3.5/5 "Pretty good"
      The ICICI Bank customer service was good for the loan process i took from them . The money got disbursed in a weeks time and i got a full approval for the amount i asked for .The Rate of interest was charged of about 13.8% and the processing fee was 4K they took . The bank provided me Pre closure and part payment option is there on the loan with charges , i am not clear on that part . I was asked to come to the bank many times for that only . The documents process took much time in the whole process . Rest everything was fine .
      Was this review helpful? 0
      , patna
      Reviewed on Dec 29, 2017
    • Axis Bank Personal Loan
      "Moduled and prompt service "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from AXIS bank. The approved loan amount was 3 lakhs. The approved rate of interest was 14.99% and it is floating. I can close the loan at any time with no fore closure charges. The monthly EMI is 7000 with a tenure of 5 years with 0.5% of the principal amount as processing fee.
      Was this review helpful? 0
      , patna
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "User Friendly website and service "
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provides good service and that was really appreciating. The financial service and the deals with the bank is so interesting.We have lot of banks with lot of options. Its a better place to find all the needs.I got good response from the team.
      Was this review helpful? 0
      , patna
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good bank"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan from ICICI bank. Since i got a better deal from some other bank, i had to close the loan application with this bank ans had to go with the other bank. They gave me good follow up.The customer executives and response was good.
      Was this review helpful? 0
      , patna
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "Excellent & user friendly website"
      0.5 5.0/5 "Blown Away!"
      It was very nice experience with Bank Bazaar. It is the first time, I had applied for a personal loan through bankbazaar.com. I have downloaded the mobile application which is easy to access. Most of the times My credit score was checked with this website.
      Was this review helpful? 0
      , patna
      Reviewed on Nov 13, 2017
    • ICICI Bank Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I am happy with the service provided by ICICI bank. The rate of interest is 11.99% for 5L. I pay EMI around 11500 rupees through ECS. My documents are submitted to the branch office. The customer service is satisfactory. The part payment and pre closure is good.
      Was this review helpful? 0
      , patna
      Reviewed on Nov 13, 2017
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      State bank took around 5days to disburse my loan amount. The customer support is good with State bank of India. The require loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are nominal with State bank of India.
      Was this review helpful? 1
      , patna
      Reviewed on Oct 27, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I got bank bazaar mobile application for past 1 year.The customer support is good with bank bazaar, they give immediate response in regards to my personal loan application. The customer support is very prompt in their service. The website and the mobile application is easy to use and customer friendly.
      Was this review helpful? 2
      , patna
      Reviewed on Oct 27, 2017
    • HDFC Bank Personal Loan
      "Good serivce"
      0.5 3.0/5 "Satisfactory"
      The Interest rate which was offered by HDFC bank was when compared with other banks so that was the reason I haven't got the loan from HDFC bank. The customer support was good with HDFC bank. The rate of interest need to be reduced with HDFC bank.
      Was this review helpful? 0
      , patna
      Reviewed on Oct 27, 2017
    • Bank Bazaar Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I had good experience when I applied for personal loan. Bank bazaar is good website i have first experience but it was really very good. No need to rush to the bank for applying any loan. Best part is comparison is offered from different bank for products and you can choose the best one.
      Was this review helpful? 0
      , patna
      Reviewed on Oct 11, 2017
    • Bank Bazaar Personal Loan
      "Awesome Service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar gives good response in any of my queries. I am a customer of bank bazaar for past 1 year. I use the bank bazaar mobile application which is easy to use and user friendly. The customer service of bank bazaar has helped me to get in touch with the bank partner.
      Was this review helpful? 0
      , patna
      Reviewed on Oct 04, 2017
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