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Home Loan in Surat

Getting a home loan in Surat is now easier than ever before. Quick approval, higher loan amounts, and minimal documentation create better opportunities for those aspiring to own a home. However, if you live in Surat, you are on the brink of a delightful surprise. Let's scroll down to learn about the new advantages of housing loans in Surat, including rates, eligibility criteria, required documents, and more.

Highlights on Home Loan in Surat

In order to choose the right home loan that best suits your needs, there are certain key factors you should consider predominantly. These include interest rates, processing fees, loan amount, loan tenure, and prepayment charges. Each factor plays a pivotal role in making an informed decision regards a housing loan in Surat. Hereunder, we deploy typical rates and terms you can expect when you avail of a home loan in Surat.


Interest Rates 6.95% p.a. to 9.85% p.a
Processing Fees 0.25% to 1%
Loan Tenure Up to 30 Years
Loan Amount Up to 80% or 90% of the property value.
Prepayment Charges Nil

Notably, these factors may vary slightly from one lender to another. Hence, it is prudent to scrutinise the most up-to-date information on the official website of the chosen lender or by contacting a lender's representative via phone or visiting their branch in person. Alternatively, you can choose Urban Money online, comparing offerings from over 50 leading lenders in Surat, checking your eligibility, and applying for the one that perfectly aligns with your requirements.

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Check Home Loan interest rates available in Surat from India's leading banks.

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HDFC Bank Home Loan in Surat starting at.

8.35% - 9.4%

Axis Bank Home Loan in Surat starting at.

8.7% - 13.3%

ICICI Bank Home Loan in Surat starting at.

9.25% - 10.05%

YES Bank Home Loan in Surat starting at.

9.4% - 10.25%

IndiaBulls Home Loan in Surat starting at.

8.99% - 9.75%

CITI Bank Home Loan in Surat starting at.


Bank of Baroda Home Loan in Surat starting at.

8.4% - 10.6%

DHFL Home Loan in Surat starting at.


Canara Bank Home Loan in Surat starting at.

8.5% - 11.25%

IndusInd Bank Home Loan in Surat starting at.

8.5% - 10.57%

Union Bank of India Home Loan in Surat starting at.


State Bank of India Home Loan in Surat starting at.

8.4% - 10.15%

Punjab National Bank Home Loan in Surat starting at.

8.4% - 10.25%

Indian bank Home Loan in Surat starting at.

8.4% - 9.9%

Bank of India Home Loan in Surat starting at.


Bank of Maharashtra Home Loan in Surat starting at.


Housing Loan Eligibility Criteria in Surat

Let’s take a look at the eligibility criteria for a home loan in Surat:

Criterion Parameter
Age 18 - 65 yr
Occupation Salaried/Self-employed individuals 
Income  Rs 25,000 - Rs 30,000 per month
Work experience  2 - 3 yr for salaried; 4-5 yr for self-employed
Credit score 750 or higher
Nationality Indian citizens

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Home Loan in Surat - An Overview

Owning a house in Surat, also known as the “Silk City of India,” might seem like a daunting task, as it is one of the richest cities in the country — not only rich in terms of living cost or property values but also in terms of culture and geography. However, whether you are someone who is dreaming or seeking to buy a house in Surat, in fact, you are not far away from your long-awaited aspiration.

Nowadays, India’s leading lenders are vying to proffer home loans in Surat with repayment periods of up to 30 years and loan amounts extending up to 90% of the property cost. To make your home ownership journey less difficult, Urban Money presents a detailed view of housing loan in Surat. In this guide, we will compare the best home loan rates in Surat, highlight the eligibility criteria and required documents, and discuss tips to secure the cheapest home loan in Surat faster.

How to Get a Housing Loan in Surat with Fast Disbursmenet

You can apply for an instant home loan in Surat online by following these simple steps. 

  • Visit the official website of Urban Money.
  • Click on the “Loans” option and then select “Home Loan” from the horizontal menu bar at the top of the homepage.
  • You will then be redirected to the personal loan page, where you can discover a variety of leading banks and NBFCs in India.
  • Scroll down and locate your desired lender. 
  • Click the “Enquire Now” button. 
  • A short display will be displayed on your screen.
  • Enter the required information and tap the “Submit” button.

Documents Required for Home Loan in Surat

Submitting a clear, accurate, and complete document along with the application form is vital for securing a home loan on time. The lender uses these documents both to verify your identity and assess your creditworthiness. Following are the documents that the lender usually demands you to submit regarding a housing loan in Surat:

  • Identity Proof: Aadhar card, voter ID, driver’s licence
  • Address Proof: Utility bills, ration cards, or passports.
  • Finance proof: PAN card, disclosure of additional income and existing loans
  • Income Proof: Salary slips, bank statements, form 16, ITR filings
  • Employment Proof: Employee ID, joining letter; Business licence, registration certificate, profit and loss account, balance sheet, etc.
  • Property Documents: Title deeds, sale agreements, allotment letters, receipts of payments, encumbrance certificates, etc

Home Loan in Surat - Conclusion

Irrespective of your current financial situation, the best home loan rates in Surat are always accessible through Urban Money. Plus, with some dedication and creativity, you can effortlessly turn your dream of homeownership into reality. Moreover, it is essential to note that you must provide all relevant documents during the home loan application process. Suppose you require any assistance or have uncertainties about the document requirement, eligibility, EMI, or anything regarding a home loan in Surat. In that case, you can rely on the official website of Urban Money. This handy online platform ultimately empowers you to avoid potential setbacks or loan rejections.

People Also Asked About Home Loan in Surat

What is the process to transfer a home loan in Surat?

Let your current lender know you want to transfer your loan by sending a letter or using an online form. Subsequently, they will get back to you with a No Objection Certificate (NOC) and a consent letter. Contact your new lender and hand over the consent letter. After that, your new lender will take care of the rest of the process.

Is buying a house in Surat with a home loan good?

Purchasing a house in Surat with a home loan can be beneficial. However, it largely hinges on your financial capacity and the current interest rates. Therefore, conducting extensive research via Urban Money is advisable to secure a loan with the best home loan interest rates in Surat.

Which bank is the best for home loans in Surat?

Some of the leading lenders that offer the cheapest home loans in Surat are: HDFC Bank, ICICI Bank, SBI Bank, Axis Bank, Bank of Baroda, Indiabulls HFL, and LIC HFL.

Where can I get a Home Loan in Surat?

You can opt for Urban Money to compare 50+ leading lenders in Surat and apply home loan that best suits you.