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.

Best Home Loan Offers in Surat - Sep 2026

YES Bank

YES Bank Home Loan in Surat starting at.

9% - 11.5%

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IndiaBulls

IndiaBulls Home Loan in Surat starting at.

8.75% - 12.5%

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DHFL

DHFL Home Loan in Surat starting at.

8.55% - 11%

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ICICI Bank

ICICI Bank Home Loan in Surat starting at.

8.5% - 11.2%

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Axis Bank

Axis Bank Home Loan in Surat starting at.

8.35% - 14%

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CITI Bank

CITI Bank Home Loan in Surat starting at.

8% - 14%

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HDFC Bank

HDFC Bank Home Loan in Surat starting at.

7.9% - 13.2%

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IndusInd Bank

IndusInd Bank Home Loan in Surat starting at.

7.5% - 10.44%

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Bank of Baroda

Bank of Baroda Home Loan in Surat starting at.

7.45% - 10.2%

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Union Bank of India

Union Bank of India Home Loan in Surat starting at.

7.45% - 10%

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Indian bank

Indian bank Home Loan in Surat starting at.

7.4% - 10.4%

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State Bank of India

State Bank of India Home Loan in Surat starting at.

7.25% - 8.45%

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Punjab National Bank

Punjab National Bank Home Loan in Surat starting at.

7.2% - 10.95%

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Canara Bank

Canara Bank Home Loan in Surat starting at.

7.15% - 10%

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Bank of India

Bank of India Home Loan in Surat starting at.

7.1% - 12.65%

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Bank of Maharashtra

Bank of Maharashtra Home Loan in Surat starting at.

7.1% - 9.65%

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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

Special Note: Calculate your home loan eligibility now with our easy-to-use Home Loan Eligibility Calculator!

Home Loan EMI Calculator

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Table of Content

1. What Are the Home Loan Interest Rates in Surat?

2. Documents Required for Home Loan in Surat

3. What Are the Eligibility Criteria for a Home Loan in Surat?

4. How to Get a Housing Loan in Surat with Fast Disbursement

What Are the Home Loan Interest Rates in Surat?

Home loan interest rates in Surat generally start from around 7.1% – 25%, depending on the lender and your credit profile. Compare the latest rates from all lenders on the home loan interest rate page before finalising your application.

Bank / NBFC	Interest Rate Range (p.a.)
State Bank of India	7.25% – 8.45%
Bank of Baroda	7.45% – 10.2%
HDFC Bank	7.9% – 13.2%
ICICI Bank	8.5% – 11.2%

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 for a housing loan in Surat:

Identity Proof: Aadhaar 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.

What Are the Eligibility Criteria for a Home Loan in Surat?

Use the Home Loan Eligibility Calculator to estimate your eligible loan amount based on your income and credit profile before applying.

Criteria	Details
Age	21 to 65 years
Employment	Salaried or self-employed with stable income
Minimum Income	₹20,000–₹25,000/month
Credit Score	700+ recommended; 750+ ideal for the best rates
Property	Must meet the lender’s legal and technical due diligence

How to Get a Housing Loan in Surat with Fast Disbursement

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 home 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.
Enter the required information and tap the “Submit” button.

Use the Home Loan EMI Calculator to estimate your monthly repayments before submitting your application. Once your loan is sanctioned, use the Home Loan Prepayment Calculator to estimate interest savings from early repayments, the Home Loan Tax Benefit Calculator to estimate your annual deductions under Section 80C and Section 24(b), and the Home Loan Balance Transfer Calculator to evaluate whether switching to a lower-rate lender makes financial sense.

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Written By

Shiv Kumar Gupta

SEO Manager

Shiv Kumar Gupta is an SEO professional and digital growth strategist who works on improving organic visibility, content performance, and long-term website growth. He has experience in building SEO strategies focused on search intent, content quality, topical authority, and user experience across different industries.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 26 September 2026

Frequently Asked Questions (FAQ's)

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.

What is the minimum credit score for a home loan in Surat?

700+ is generally recommended; 750+ helps secure the best rates.

Can self-employed individuals (traders/business owners) get a home loan in Surat?

Yes typically requiring business licence, P&L statements, balance sheet, and ITR filings alongside standard documents.

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