Home Loan in Surat

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.