Patna Home Loan EMI Calculator 🛕
Typical Patna home loan: ₹28.00 L at 8.7% over 20 years = ₹24,655/month EMI. Total interest ₹31.17 L. Bihar stamp duty: 6% + 2% registration = ~₹2.24 L extra.
Mortgage Calculator
Home loans in Patna.
Market overview
Patna is Bihar's capital and India's 19th-largest city by population. Typical mid-segment apartment prices range from ₹18 lakh in outer zones (Phulwari Sharif, Khagaul Road) to ₹70 lakh-1.5 crore in premium Boring Road / Patliputra Colony projects. Average mid-segment ticket is around ₹28 lakh — among India's most affordable major cities. Bihar's 6% stamp duty + 2% registration totals 8% (1% women discount). Strong government employee and PSU bank-sector buyer segments.
What makes Patna distinct
Patna is uniquely dominated by SBI and PNB for home loans — both have extensive Bihar PSU branch networks (SBI 1,000+ Bihar branches, PNB 700+) with deep payroll integration for Bihar government, Indian Railways East Central Railway, and central PSU employees. Bihar's low ticket sizes make Patna one of the most accessible Indian markets for first-time formal home buying, particularly under PMAY-CLSS subsidy programs.
Popular residential zones in Patna.
Banks dominating Patna home loans.
SBI: dominant Bihar PSU presence; cheapest mainstream rate for affordable housing
PNB: deep Bihar branch network (700+ branches); strong central government / Bihar state pipeline
Bank of India: solid Bihar presence; competitive for tier-2/3 Bihar mainstream
Bank of Baroda: PMAY-CLSS handling strength; competitive for affordable housing
Central Bank of India: rural Bihar coverage and tier-3 affordable segment
₹28.00 L home loan in Patna at 8.7% over 20 years
₹28.00 L 8.7% 20 years (240 months) ₹24,655 ₹31.17 L ₹59.17 L ₹2.24 L (women: ₹1.96 L) Patna home loan questions.
Patna home loan EMI for typical ₹28 lakh mid-segment apartment? ▾
A ₹28 lakh home loan at 8.7% over 20 years works out to ~₹24,600/month EMI. Total interest over the full term is approximately ₹31 lakh — total payment of ~₹59 lakh against the original ₹28 lakh principal. Combined with Bihar's ~₹2.2 lakh upfront stamp duty + registration (women: ~₹2 lakh), the all-in cash requirement is among the most affordable in any Indian state capital.
Best bank for Bihar state government employee home loan? ▾
SBI and PNB are the dominant lenders for Bihar state government, Indian Railways East Central Railway, IIT Patna, AIIMS Patna, NIT Patna, and BSPCL employees due to decades of payroll integration. Pre-approved offers routine after 12 months consistent salary credit. Standard 8.45-9.0% repo-linked rate, processing in 12-20 days at SBI/10-15 days at PNB. For Bihar government joining/transfer: typically PNB processes faster due to home-state PSU advantage (PNB has 700+ Bihar branches).
Patna PMAY-CLSS affordable housing — best path? ▾
For families earning under ₹18 lakh/year buying primary residence under ₹35 lakh in approved Patna projects: SBI and Bank of Baroda have the deepest PMAY-CLSS subsidy processing infrastructure. The ₹2.30-2.67 lakh subsidy directly credited to loan principal in 3-4 months. Combined with SBI's 8.45-9.0% rate range plus Patna's low average ticket (~₹28 lakh), PMAY+SBI is one of the cheapest formal home financing paths in any Indian state capital.