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Personal Loan in Surat

Surat is a fast-growing urban city in India that boasts of a flourishing textile and diamond-cutting industry. But living in a rapidly growing city can quickly translate to huge bills and unexpected financial emergencies. So, what do you do when you want to expand your business or pay for your child’s education?

 

Dipping into your savings every time a big expense arises can upset your finances in the long run. This is where a personal loan can come to your rescue. With Tata Capital's personal loan in Surat, you can fund these expenses seamlessly and enjoy flexible repayment tenures, crafted for your comfort.

 

Moreover, with our overdraft facility, you can withdraw additional money over your loan amount. You can also enjoy tax exemption on interest paid on the personal loan under Section 24 of the Income Tax Act.

 

With Tata Capital’s personal loan in Surat, you don't have to break the bank every time an unforeseen financial emergency arises. Get one step closer to your dreams each day by applying for a personal loan in Surat at affordable interest rates.

Know more about our offering

Key Features

Loan Amount

₹75,000 - ₹25,00,000

Loan Tenure

12 to 72 months

Interest rate starting at

10.99%

Advantages

Claim Tax Exemption

The Section 24 of the Income Tax Act allows you to claim a tax exemption on the interest paid under personal loan. For instance, if you take a personal loan to renovate a self-owned house, you can claim tax exemption up to Rs. 2 lakhs and for a rented house, you can claim exemption for the entire interest paid. 

Overdraft Facility

In case you need an additional amount of money over your loaned amount, you can withdraw cash up to a pre-specified limit. Interest is paid only on the amount of money used, not on the total principal amount withdrawn. 

Easy Application Process

You can apply for instant personal loan in Surat online, made even easier by our simple eligibility criteria, minimal documentation and fast approval process. 

Claim Tax Exemption

The Section 24 of the Income Tax Act allows you to claim a tax exemption on the interest paid under personal loan. For instance, if you take a personal loan to renovate a self-owned house, you can claim tax exemption up to Rs. 2 lakhs and for a rented house, you can claim exemption for the entire interest paid. 

Overdraft Facility

In case you need an additional amount of money over your loaned amount, you can withdraw cash up to a pre-specified limit. Interest is paid only on the amount of money used, not on the total principal amount withdrawn. 

Easy Application Process

You can apply for instant personal loan in Surat online, made even easier by our simple eligibility criteria, minimal documentation and fast approval process. 

What are the types of Personal Loan available in Surat?

 Personal loans are multi-purpose loans that can be used to finance various major financial events, such as weddings, home renovation, education, travel and business expansion.

What are the Interest Rates for Personal Loan in Surat?

Tata Capital’s interest rates are among the lowest in the industry, starting at just 10.99%. With our affordable personal loan interest rate and EMI options, you can focus on the major milestones in your life without worrying about finances. 

What are the Eligibility Criteria for Personal Loan in Surat? 

Tata capital offers personal loans that can be used for multiple purposes like home renovation or business expansion. But to become eligible for such a loan, you need to fulfill some criteria set by the provider. These are the same for both salaried and self-employed professionals and are given below.

  • Applicant must be aged between 22 to 58 years

  • The applicant must have at least one year of work experience

  • The applicant must have a minimum monthly income of Rs. 15,000

Visit out personal loan eligibility page to understand the above mentioned eligibility criteria in detail.

What are the Documents Required for Getting a Personal Loan in Surat? 

 Applicants need to furnish the following documents during the loan application process.

Documents required for salaried individuals:

  • Aadhar Card/ Voter Id Card

  • Identity Proof and Residence Proof

  • Bank statements for the last 6 months

  • Certificate of Employment

Documents required for self-employed professionals are the same as above, with the addition of Income Documents for the last 3 months.

To check out the list of valid documents, visit our personal loan documents page. 

How to Calculate EMI for Personal Loan Online? 

To calculate EMI, you can use the personal loan EMI calculator on our website and calculate the EMI payable for a particular loan amount and tenure. All you need to do is enter the details of your loan into the EMI calculator and it will instantly display the EMI payable and interest amounts.

HOW TO APPLY FOR A PERSONAL LOAN IN SURAT

Other Ways to Apply for a Personal Loan in Surat

  • Customer Care – 1860 267 6060
  • Email – contactus@tatacapital.com
  • Registered Branch – Tata Capital Financial Services Limited, Office No. 310 to 312, 3rd Floor, Eco Futurz, New City Light Road, New City Light, Surat 395007

FAQ

Getting a Personal Loan is simple and quick. To get your loan approved swiftly, you will be asked to provide the following details: Your personal details including your PAN number, CIBIL score & KYC documents Copies of your pay slips, address proof and bank statements Find out more about Personal Loan Eligibility and Documents for more details.

We provide Personal Loans from a minimum of ₹ 75,000 to a maximum of ₹ 35,00,000/- depending on your eligibility.

Your Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. You can choose your EMI amount that is comfortable for you by using the Personal Loan EMI calculator.

Enter the following information to calculate your EMI:

  • Loan Amount (The loan amount you wish to get)
  • Personal Loan Interest Rate
  • Loan Tenure (Period ranges from 12 -84 months)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Personal Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4

Personal loans can be taken for a variety of different purposes, such as follows –

  • Travel – Strike off a dream location you have been craving to visit with an easy personal loan
  • Education – Give your child the quality education they deserve with a personal loan
  • Wedding – No other event in a person’s life is more special than a wedding. Throw a wedding of a lifetime by taking the aid of a personal loan
  • Medical – Need funds for a medical emergency? Opt for a personal loan to meet your urgent needs
  • Debt Consolidation – Need to meet other costlier loan repayments? A personal loan can help you out!

No, you do not need any collateral or security for availing a personal loan with Tata Capital.

Online personal loan applications can be approved within seconds to a few minutes of submission! Offline applications, on the other hand, may take a few business days from the date of submission for approval.

Much like any other form of credit, a personal loan also affects our credit score in the long-term and is a great opportunity to build good credit worthiness. Making consistent timely EMI payments and ultimately repaying off your personal loan within its fixed tenure will improve your future credit score

Yes, you can avail tax benefits on your personal loan depending upon the purpose for which the loan was taken. The Income Tax allows tax deductions for loans taken for education, purchase or renovation of property, and business expansion. For instance, as per Section 24 of the Income Tax Act, if you have taken a personal loan for home construction or renovation, the interest paid is eligible to be claimed as exemption from your taxable income. For self-owned houses, interest up to Rs. 2 lakhs is eligible for exemption whereas for rented houses, the entire interest can be claimed as tax exemption. In case of business expansion, the interest paid will be added to the cost of acquisition which will reduce capital gains, and thereby tax liability. Moreover, Section 80 E of the Income Tax Act speaks about the tax benefits up to Rs. 1,50,000 for those who have taken an education loan for higher studies.

One of the biggest personal loan benefits is that it can help you arrange funds for any purpose. If you need money for a medical emergency or a last-minute trip, a loan can help you. Or, if your savings are locked in investments but you need cash, take a personal loan. Apply online with zero paperwork and enjoy quick disbursal. 

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