Patna City

It is the largest city and the state capita of Bihar. It is the second largest city in the eastern india after Kolkata. The Patna city is situated on the southern bank of river Ganges. Patna was ranked second in India in terms of ease of doing business in India in June 2009 by the World Bank. It is also the 5th fastest growing city in India. It is also the oldest city of India. The economy of Patna is based on agriculture. It is an exporter of sugarcane , sesame and grains and rice.

Home loan

Buy your own house with a home loan without worrying about your financial stability. You can purchase Home loan offers best financial support when buying a house. Here, a lump sum amount is borrowed against 70% – 80% of the property value. The amount loaned is repaid in easy  EMIs at fixed and floating interest rates. In case you are unable to repay the loan on time, the lending institution has the right to acquire your property.

Home Loan Eligibility

For home loan approval in Patna, you should have the required eligibility criteria.

  • Age of the borrower should be from 21years to 65 years
  • For self employed, should have the required education
  • Should have the required monthly income and job stability
  • Co-applicant’s income and credit score, if any
  • Good credit score and history
  • Liabilities of other loans such as personal loan, education loan, car loan etc.

Home Loan Documentation

  • Filled and signed application form with photograph
  • Processing fee by cheque or draft

 

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Home Loan Features

  • Home loan balance transfer – It helps to transfer any ongoing home loan with a bank to another bank for better interest rates and lower EMI.
  • Home loan insurance – It protects your home loan and helps your family in paying off the remaining home loan in case of any unfortunate event.
  • Flexible interest rate with options of fixed and floating rate
  • Pre-approved home loan – It saves your time on home loan sanctioning process so your dream home is not sold out because of the delay in the home loan approval process.
  • Quick and transparent processing with minimum documentation.

 

 

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