Home Loan in Bihar

When you are looking to get a home loan in Bihar, the first thing to do is to compare various banks and the rates at which they are offering home loan interest rates.

Let’s have a look below to know the same:

You can also Apply for Bank of India Home Loan and check EMI, Interest rate and Eligibility Online to avail offer.

Home loan in Bihar and neighbouring areas start from 8.50% and can go on upto 14%:

Home Loan in Patna, Bihar

To get a home loan in Patna, Bihar you can check various banks and housing finance companies details and see for yourself what interest rate theories are offering for your home loan.

Check Loan Against Property Interest Rates starting @8.50% from different banks and NBFCs.

There are more than 30 banks and financial institutions that can give you the best home loans in Bihar.

Here we are mentioning some of those lenders which give lucrative deals on your home loans:

PNB Housing Finance Limited Home Loan in Bihar

PNB HFL starts giving home loans in Bihar from Rs 8 lakh onwards and takes approximately 10 days to process. The minimum home loan rate of interest in Bihar is 8.50% for salaried and 8.85% for self-employed professionals whose CIBIL or credit score is more than 800.

HDFC Home Loan in Bihar

HDFC or HDFC Limited caters to home loan in Bihar under different loan slabs based on the requirement amount of home loan. There are different home loan interest rates for women that can benefit you greatly if one co-applicant of your home loan is a woman.

LIC Housing Finance Limited Home Loan in Bihar

LIC Housing Finance gives 7 different types of home loans in Bihar or any other place. The starting home loan interest rate starts from 8.60% - 8.75% for people having a CIBIL score more than 800 and are salaried. For people whose CIBIL score is less than 600 and are self-employed, for them the home loan interest rate in Bihar is around 9.40%.

Bajaj Housing Finance Bihar

Bajaj Housing Finance offers attractive Home Loan interest rates starting at 8.50% - 15.00%* for salaried and professional individuals. Borrowers also have the advantage of availing of a sizable sanction with minimal documentation and quick processing and approval.

Aadhar Housing Finance Bihar

With 13 types of home related loans Aadhar Housing Finance home loan  interest rate is one of the good options.

Aditya Birla Housing Finance 

Getting a home loan in Bihar is easy with Aditya Birla Housing Finance home loans. Below is the home loan interest rate based on salary.

Sundaram Home Finance Bihar

With 6 types of home loans schemes, the home loan interest rate at Sundaram home finance in Bihar starts from 8.65% p.a.

IIFL Home Loan in Bihar

IIFL Home Loans progressively works towards facilitating affordable home loans to first time homebuyers of the country. Through a wide network of branches, backed by a digital infrastructure and social development intent, the Company caters to the evolving home finance needs of marginalized sections across the length and breadth of the nation. 
The IIFL home loan interest rate in Bihar starts from 8.90% p.a.

Indiabulls Housing Finance Bihar

Indiabulls Home Loans offers customers competitive interest rates that will make it easier to own a home of choice. The home loan interest rate at Indiabulls Housing Finance in Bihar starts from 9.30% p.a.

SBI Home Loan Bihar

State Bank of India is one of the premier banks of India and so to get a home loan in Jaipur is very easy with SBI. The cheapest SBI home loan interest rate is 8.50% - 10.05% and the maximum tenure for which home loan can be availed is 30 yrs. The loan disbursement process can take upto 3 weeks in SBI home loan Bihar.

Axis Bank Home Loan

Axis bank home loan in Bihar is one of the most searched options to get a home loan. The home loan interest rate varies depending upon the applicant profile, salary and credit score.

Repco Home Finance Home Loan in Bihar

The rate of interest starts from 9.80% p.a. for home loans. There are 2-3 types of mortgage loan schemes at Repco Home Finance in Bihar.

You can also check Loan Against Property Income Proof Online.

Interest Rate For Salaried Individuals in Bihar

Home Loan Interest Rate For Self Employed Individuals in Bihar

Interest Rate For Self Employed Individuals in Bihar

You can also check Home Loan for Salaried Employees

There are more than 10 types of home loans offered in Bihar. Have a look below to understand what different types of home loans you can take from banks and other financial institutions(FIs) or NBFCs(non-banking financial institutions)

You can also check features, benefits and documents required for DDA Housing Scheme. 

Mortgage loans in Bihar is another term for home loans in Bihar. So, if you are in need of any type of mortgage loan ie. home loan in Bihar then you are reading just the article where you will get all the information correctly. Check Best Home Loan Interest Rates starting @8.50% from different banks and NBFCs

Looking for 30 lakh Home Loan? Check Interest rates, Eligibility, EMI Online & Apply Now!

Home Loan is a secured loan where the bank keeps possession of your home papers till the repayment is done. Let’s have a glance at some features of home loan in Bihar:

• Home loans in Bihar are usually offered at a minimum interest rate of 8.50% p.a.
• Tenures may be up to 30 years.
• LTV ratio: 80%-90% of the cost of property.
• Facilities like home loan top-ups, overdraft and home loan balance transfer to existing home loan borrowers are easily available.
• Selected existing bank customers are offered pre-approved instant home loans.
• No prepayment charges.
• Pradhan Mantri Awas Yojna for economically weaker sections, middle income groups and low income groups with interest subsidy of up to Rs 2.76 lakh

To be eligible for home loan in Bihar there are some requirements. Let’s see what are those requirements that will allow you to have your dream home in Bihar:

• Applicant’s nationality: Indian Resident, PIO, NRI
• Age- 21 years up to 70 years at the time of loan maturity
• Work experience: At least 3 years for salaried and self-employed
• Applicant’s job profile: Salaried (government and corporate professionals)/Self-Employed Non-Professionals (contractor, trader, commission agent)/Self-Employed Professionals (Doctors, CS, lawyers, CA, architect, consultant, engineer
• CIBIL/Credit score should be 750 and above for increased chances of availing home loan and at lower interest rates

Below are the list of documents needed to get a home loan in Bihar:

Home loan Documents For Salaried Loan Applicants

• Proof of Identity: PAN Card/Driving License/ Voter ID/Passport/Aadhar Card.
• Proof of address: Passport/Utility bill/Aadhar card
• Proof of Income: Latest salary slip/ ITR/Form-16
• Bank Statement: Last 3 months bank statement/ last 6 months bank passbook.
• Property Documents: Agreement sale copy, Certificate of possession, Land tax receipt, the detailed cost of construction, Letter of allotment, Original NOC.

Additional Home Loan Documents for Self-Employed Applicants

• Business profile
• Recent Form 26AS
• Income Proof: ITR with income computation for past 3 years
• Memorandum and Articles of Association of the company
• Balance sheet and profit & loss account statement for last 3 years
• Current account statement of business entity
• Savings account statement of individual for past 6 months

You can also check Documents Required For Home Loan

Plot loans in Bihar can be availed upto a maximum amount of Rs 1 Cr. The interest rate for plot loans in Bihar starts from 8.60% to a maximum of 9.50%.

The Bihar government has set up a housing board that will benefit a customer who is looking to purchase a new home in Bihar.

Bihar State Housing Board

Bihar State Housing board(BSHB) represents a statutory authority constituted by the Government of Bihar under the Bihar State Housing Board act ,1982 and is mandated with the development of various housing schemes & related infrastructural facilities in the state. The objective of the board is to ensure provision of quality housing accomodation at affordable prices for all sections of the society.

You can also check Home Construction Loan

The objective behind Bihar Gramin Bank is to ensure availability of Housing Loan at attractive rates and ensure a house for all.

Bihar Gramin Bank Loan Interest Rate

The Bihar Gramin Bank home loan rate of interest ranges from 7.40% to 7.65%. 

Madhya Bihar Gramin Bank Home Loan Interest Rate

The home loan interest rate for Madhya Bihar Gramin Bank is listed below:     
For women: 7.40% and for others - 7.45% - Up to Rs.30 Lakh     
For women: 7.50% and for others - 7.55% - Above Rs. 30 Lakh and up to 75 lakh     
For women: 7.60% and for others - 7.65% - Above 75 lakh

You can also check How to Apply for Pradhan Mantri Awas Yojana

If your CIBIL score or credit score is not upto the mark then you need not worry. You can get a home loan for CIBIL defaulters in Bihar from noteworthy housing finance companies.