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Home Loan in Surat

Home Loan in Surat

Loan Up to ₹5 Crore* | Tenure Up to 30 years | Minimum Documentation

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Own Your Home in Surat with Tata Capital Home Loans

Burgeoning job and academic opportunities

Surat accommodates more than 90% of the world’s diamonds and has the biggest hub for diamond cutting, refining, and polishing. But that’s not it! The city is also home to over 300 dyeing and printing mills and silk fabric and cotton mills. Along with that, Surat houses an IT sector with job opportunities in a range of industry verticals.

That’s why millennials are choosing to settle down in the city. With easy access to home loan in Surat, property buying is easier as well. Besides that, the Silk City of India also offers excellent options for pursuing higher studies, thanks to the presence of numerous top colleges and universities.

High quality of living

With a well-established economy, Surat packs the perfect blend of tall buildings, picturesque beaches, and greenery. What’s more, the residential localities are looked after well by the residents and administration alike. This way, the city’s quality of life is top-notch when combined with the availability of affordable housing loans in Surat.

Loan amount offered

₹5,00,000 - ₹5,00,00,000

Loan tenure

Upto 30 Years

Interest rate starting @

7.75%* p.a.

View Rates & Charges

Home Loan EMI Calculator

Loan amount

₹

₹75,000 ₹35,00,000

Loan duration

1 Years 6 Years

Rate of interest

10% p.a 19% p.a

Monthly EMI

Total Amount Payable

0*
Total Interest Payable

0*

Total Amount Payable

Total Interest Payable

Apply Now

Calculate Home Loan EMI

Features and Benefits of Home Loan in Surat

Tata Capital offers instant home loans so you can easily purchase or build your dream house. Here are some features of a home loan in Surat:

Competitive interest rates

Tata Capital offers some of the lowest interest rates on home loans in Surat. So, your monthly instalments are much more manageable, and repayment costs are low.

Get the Right Loan Amount for Your Needs

With Tata Capital, you can take a loan of Rs. 2 Lakhs to Rs. 5 Crores depending on your housing needs. You can use our Home Loan Eligibility Calculate to calculate the amount you will be eligible to borrow.

Flexible Tenure

Tata Capital ensures loan repayment is not a burden on your shoulders. You can opt for a flexible tenure of up to 30 years and easily repay the loan.

Secure Investment

Getting a house in Surat is a secure investment. The city is a hub of the diamond and textile industry. At the same time, it houses an IT sector with ample career opportunities. So, a house in Surat is an investment that can be your valuable asset.

Home Loan Interest Rates in Surat?

The rate of interest, typically expressed as a percentage, applies to your home loan in Surat. It is the rate at which the interest gets charged on your principal loan over the specified loan term. The home loan interest amount tells you how much you’ll pay over and above the borrowed sum during repayment.

When looking for the lowest home loan rates in Surat, compare multiple lenders and their lending terms before aggreging to a loan offer. Since interest rates directly impact your monthly instalment and the overall repayment costs, choosing the right lender is a must. Moreover, with interest rates at an all-time low, this is the right time to make a property purchase.

Tata Capital provides the most affordable home loan interest rates in Surat, starting at 8.70%* at minimal documentation requirements, easy-to-fulfil eligibility terms, and quick processing. With us, you can avail of a housing loan in Surat at competitive rates of interest to easily buy your desired home.

Eligibility Criteria for a Home Loan in Surat?

To avail a Tata Capital Home Loan in Surat, you must meet the basic home loan eligibility criteria:

You should be aged between 24 to 65
You must be salaried or self-employed
Work experience for a salaried professional is two years along with a monthly salary of Rs. 30,000
As a self-employed individual, you need three years of work experience in your current field
Your credit score should be 750 or more

Use our Home Loan Eligibility Calculator to quickly determine your home loan eligibility.

Documents Required for Home Loan in Surat

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Income Proof

A copy of your Salary Slips for the last three months, Salary Bank Account Statements for the last six months, Appointment letter, Yearly increment letter, or a Certified true copy of Form 16

Existing Loan Details

Existing loan details should be provided through Bank Statements or Loan Statements

Processing Fee Cheque

To be issued from your salary account

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Business Proof

A copy of the last two years' Income Tax Returns, your Business Profile on a letterhead, or your Business Registration Certificate for business commencement

Income Proof

A copy of the last three years' Profit & Loss (P/L) Projection Statement, Operative current account statement for the last six months, Bank statements for the last six months of CC/OD facilities (if taken)

Existing Loan Details

Existing loan details should be provided through Bank statements or Loan statements

Processing Fee Cheque

To be issued from your business account

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Employment Proof

A copy of your pay slips for the last six months along with the employment stability documents, such as your appointment letter or previous employment history

Income Proof

Overseas salary account details for Indian NRE or NRO account statements for the last six months

Credit Report

NRI applicants should submit a Credit Report of their current country of residence, wherever it is applicable as per Tata Capital norms

Existing Loan Details

Existing loan details should be provided through Bank statements or Loan statements

Processing Fee Cheque

To be issued from your salary account or business account

How to apply for a Home Loan online in Surat?

Firstly, fill the digital application form with your personal, occupation, loan, and property details. This helps us check your loan eligibility.

After you apply for housing loan in Surat, we process your loan application to extend a suitable loan offer. Upload the required documents.

Our experts now conduct document verification and property assessment to generate your e-sanction letter. Download this letter.

Finally, we approve your loan and sanction the desired amount. This amount reaches straight into your account.

Apply Now

Other Ways to Apply for a Home Loan in Surat

Customer care: 18602676060
Email – contactus@tatacapital.com
Registered Branch – TCHFL, Office No 102, 103 and 208, 209, 210, 211 & 212, 1st and 2nd Floor, Eco Futurz, New Citylight Road, City Light, Surat – 395007

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FAQ's on Housing Loan in Surat

To qualify for a Tata Capital home loan, salaried individuals need a minimum monthly income of ₹30,000.

The exact amount depends on factors such as the loan program, lender policies, and your financial profile.

Yes, you need to provide security or collateral.

To calculate EMI for a home loan online, use Tata Capital's Home Loan EMI Calculator. Enter the loan amount, tenure, and interest rate to get an instant EMI estimate.

The time to get a housing loan from Tata Capital typically depends on document verification and approval processes. With complete documentation and eligibility checks, loans can be approved quickly, often within a few days.

For floating interest rate loans, no prepayment charges apply. However, for fixed interest rate loans, nominal charges may be applicable.

Yes, Tata Capital home loans may include additional charges such as processing fees, legal fees, valuation charges, and administrative costs. These charges vary based on the loan amount and terms.