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% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Customer Reviews
    10.99% - 20.75% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
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    Customer Reviews
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
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    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
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  • Patna Personal Loan is Rated as "Great!" by 227 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 18 Nov 2017

    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
      "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? 0
      , 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? 0
      , 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
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I am not available in the city at present so that was the reason I have postponed the personal loan plan with ICICI . The customer service is good with ICICI bank. The rate of interest is nominal with ICICI bank. I am satisfied with the ICICI bank service.
      Was this review helpful? 0
      , patna
      Reviewed on Oct 04, 2017
    • Bank Bazaar Personal Loan
      "Satisfied & helpful"
      0.5 4.0/5 "Great!"
      The customer services are good and the response was perfect at Bankbazaar. It was overall a hassle free process. There was no inconvenience faced in the registration and there were follow up calls as well. The website is very much informative and useful.
      Was this review helpful? 0
      , patna
      Reviewed on Sep 29, 2017
    • ICICI Bank Personal Loan
      "Response is nil"
      0.5 2.0/5 "Expected more"
      I received no response at all from ICICI Bank after me applying for a personal loan. It was not a good experience and I was in need of the loan and I looked forward in the banking contacting me. Not sure about the interest rate and processing charges.
      Was this review helpful? 0
      , patna
      Reviewed on Sep 29, 2017
    • Bajaj Finserv Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The service was really good with Bajaj Finserv in regards to my personal loan disbursement. I would say they have disbursed my loan very quickly. They have disbursed it within 24hours time. The rate of interest is high when compared with others. The part payment option is available here but while the loan fore closure they charge around 4 % .
      Was this review helpful? 0
      , patna
      Reviewed on Aug 29, 2017
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I got the immediate response form bank bazaar customer support. Received the call from bank bazaar within 5 to 10 minutes after I gave my requirement in bank bazaar website. The website of bank bazaar is easy to use and the mobile application is very customer friendly.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 29, 2017
    • ICICI Bank Personal Loan
      "Need Improvement"
      0.5 3.0/5 "Satisfactory"
      I have applied for balance transfer personal loan from ICICI bank, they have disbursed my loan a month ago but the cheque was not sent with incorrect name, still they haven't resend it. The relationship manager with ICIC is not customer concerned. The rate of interest is nominal with ICICI bank. The customer service and their response part need to be improved with ICICI bank.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 29, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The overall experience was fine as I received calls on time after I placed a request and the mobile application has also been supportive They give immediate response to the customers. It is very convenient to reach bank bazaar customer service,it was very first experience and it is good over all
      Was this review helpful? 0
      , patna
      Reviewed on Aug 27, 2017
    • ICICI Bank Personal Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      I could say that I had not received a single response from the bank and my expectation is not fulfilled. I thought to take a personal loan so I decided to go with ICICI bank.I had an of taking the loan amount of 4 lakhs rupees, At least bank executive could have called and told what happened to my personal loan application which I applied for.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 27, 2017
    • Bank Bazaar Personal Loan
      "Convenient "
      0.5 4.0/5 "Great!"
      Equally bankbazaar services are also too good. Actual thing is I had a good experience from HDFC bank for my personal loan through bankbazaar, because they only forwarded my loan application to the bank. Further, their online facility is easy to access.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Supportive "
      0.5 4.0/5 "Great!"
      Definitely I could say that HDFC bank provided such a good and supportive service for my personal loan process. Of course there were no issues or challenges from the bank while processing the loan. Additionally, I am happy with the rate of interest which was offered for the personal loan.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 17, 2017
    • Bank Bazaar Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      The process at Bankbazaar has been really good. I received a lot of calls and a quick response from them after I registered my details. The website is good and very much supportive to choose the best bank. The comparison options are also helpful.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Not Satisfied with the services"
      0.5 2.0/5 "Expected more"
      After me applying for a personal loan with ICICI bank, there was no response from them. I think I did not fall into the criteria of the bank. I would appreciate if there was a proper process followed and I received a call at least to inform me the details.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 14, 2017
    • HDFC Bank Personal Loan
      "Need Improvement"
      0.5 3.0/5 "Satisfactory"
      In the year of 2013 I have approached HDFC bank to get the personal loan but they have made a delay to process my personal loan application. After 15 days they gave call and inquired about my personal loan application but that time I was not in loan requirement. So that was the reason I have asked them to close my loan application. The HDFC bank loan process need to be fast in future.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 11, 2017
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