Home Loans in
Surat
Surat, a city in the Indian state of Gujarat, has its unique attributes that make it an attractive place to invest in a home. Many dream of owning a home in Surat because of the city's economic growth, great connectivity, cultural diversity, several business opportunities, and an excellent quality of life. But not everyone can easily arrange for money to buy a home in this beautiful city. Fortunately, such people can get assistance in the form of home loans in Surat from the best banks and NBFCs. The interest rate for housing finance Surat starts at 8.50% per annum. The maximum loan repayment tenure offered by most financial organizations in Surat is up to 30 years, during which the borrower can opt for flexible repayment methods. Applicants can easily opt for home or plot purchase loans, home renovation loans, home construction loans, balance transfer home loans, top-up loans, NRI home loans, and mortgage loans in Surat from all the top lenders in the city.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Surat
The lowest interest rate on a home loan in Surat offered by any bank or NBFC starts at 8.50% per annum. Most of these lenders offer lower interest rates on a floater rate basis. Moreover, the rates are sometimes higher depending on the borrower's plan and repayment capacity.
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
LIC HFC | 30 | 8.50% | Up to 0.25% (Rs. 25,000 max) | |
L& T Finance | 25 | 8.60% | Up to 3.00% | |
Bank of Baroda | 30 | 8.60% | Up to 0.50% (Rs. 8,500 min; Rs. 25,000 max) | |
HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
Union Bank of India | 30 | 8.70% | 0.50% (Rs. 15,000 max) | |
State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
IDFC First Bank | 30 | 8.85% - 10.75% | 0.25% - 0.50% | |
PNB Housing | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max) | |
Bajaj Housing | 40 | 8.50% | Up to 7% of the loan amount + GST | |
Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Surat
These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.
Documents Requirement for Home Loans in Surat
Getting a home loan from any bank or NBFC is a procedure followed by submitting a required set of documents. These are general KYC documents used by the bank officials to verify an applicant's credibility as a home loan borrower. Have a look at the list of required documents for home loan in Surat and ensure arranging for the same before applying for a housing loan scheme:
|
|
| Proof Of Residency | Aadhaar Card, Valid Passport |
| Proof Of Income | Bank Passbook, Bank statement, Last 3 years IT Return |
| Proof Of Age | PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment |
| Proof Of Employment | Certified Letter from Employee/Company Memorandum |
Talk to our Expert
- Neutral, AI-backed advice
- Compare 50+ lenders instantly
- Transparent process, Zero bias
By continuing, I agree with Basic Terms and Conditions and Privacy Policy
FAQs
Ready to Find the Best-Fit Home Loan?
- Talk to Your Dedicated Loan Expert Today!
