Personal Loan in Surat

Surat Personal Loan Interest Rates and Charges

The interest rate and charges for a personal loan in Surat may differ depending on the lender, your eligibility, loan amount and tenure. However, some of the leading lenders that offer competitive personal loans in Surat are:

Bank	Interest Rate (p.a)	Processing Fee (p.a)	Loan Amount (Max)	Tenure
HDFC Bank	10.50% to 24%	Up to Rs 4999/-	Up to Rs.40 lakh	1 – 5 years
Citibank	10.75% to 14.99%	Up to 1.50%	Up to Rs.30 lakh	1 – 5 years
IDFC First Bank	10.49% to 36%	Up to 3.5%	Up to Rs.40 lakh	1 – 5 years
Standard Chartered	11.49% onwards	Up to 2.25%	Up to Rs.50 lakh	1 – 5 years
TATA Capital	10.99% to 29%	Up to 3%	Up to Rs.35 lakh	1 – 6 years
SBI	11.00% to 14.00%	Up to 1%	Up to Rs.20 lakh	1 – 7 years
IndusInd Bank	10.49% onwards	Up to 3%	Up to Rs.50 lakh	1 – 5 years
Aditya Birla	13% to 28%	Up to 3%	Up to Rs.50 lakh	1 – 7 years
Kotak Mahindra	10.99% onwards	Up to 3%	Up to Rs.25 lakh	1 – 5 years
Bank of India	10.25% onwards	Up to 2%	Up to Rs.10 lakh	1 – 5 years
Bank of Baroda	10.9% to 18.25%	Up to 2%	Up to Rs.15 lakh	1 – 7 Years
Central Bank	12.35% onwards	Up to 1%	Up to Rs.20 lakh	1 – 7 Years
Bajaj Finserv	11.00% to 35.00%	Up to 3.93%	Up to Rs.25 lakh	1 – 7 years
IDBI Bank	9.50% to 14.00%	Up to 1%	Up to Rs.5 lakh	1 – 5 years
Union Bank	12.60% to 15.50%	Up to 1%	Up to Rs.15 lakh	1 – 5 years
Yes Bank	10.99% to 20%	Up to 2%	Up to Rs.40 lakh	1 – 5 years
Navi Finserv	9.9% to 45%	Up to 1.5%	Up to Rs.20 lakh	1 – 6 years

Best Personal Loan offers in Surat from top Banks/NBFCs

Here are the best banks/NBFCs for personal loans in Surat:

• HDFC Bank
• State Bank of India
• ICICI Bank
• Axis Bank
• Kotak Mahindra Bank
• IndusInd Bank
• Yes Bank
• Punjab National Bank
• Bajaj Finserv
• Tata Capital
• Fullerton India
• StashFin
• Faircent
• Kreditbee
• Navi Finserv

Who Can Apply for a Personal Loan in Surat

The eligibility criteria for personal loan finance in Surat can vary among lenders. However, common eligibility criteria for getting an easy personal loan in Surit are as follows:

• The applicant’s age must be somewhere between 22 and 60 years
• The applicant is required to have a minimum monthly income of at least Rs. 15,000.
• The applicant should have a minimum of one year of work experience
• The applicant should have a good credit score; ideally, 750 or above is required. Although, some financial institutions in India — HDFC Bank, Canara Bank, Money View, and others — may consider providing loans to individuals with credit scores ranging from 600 to 650.
• The applicant should be an Indian resident

Required Documents for Personal Loan in Surat

To obtain an instant personal loan in Surat, you will need to provide the following essential documents:

• Proof of Identity: PAN Card, Voter’s ID, Passport, or Driving Licence
• Proof of Residence: Utility bill, Ration Card, Passport, or Property Tax
• Proof of Income: Latest 3 months’ salary slips or bank statement

How to Apply for a Personal Loan Online In Surat

The application process for a personal loan in Surat follows below:

• Visit the official website of Urban Money.
• Tap the “Loan” section and choose “Personal Loan.” You can locate these options on the horizontal menu bar of the home page.
• You will be directed to the personal loan page, where you can compare multiple lenders, check your eligibility, and submit applications to your preferred lenders.
• Click on your chosen lender, which will take you to another page where you can initiate your personal loan application.
• Upon scrolling down, you will come across the “Apply Now” button; click on it.
• Upon scrolling down, you can locate the “Appy Now” button, and tap on it.
• A small digital form will appear on your screen, prompting you to input your name, mobile number, city, and the specific type of loan you wish.
• Click the “Submit” button.
• A 6-digit OTP will be sent to the mobile number you provided.
• Enter the OTP and once again click the “Submit” button.
• Within a day, a representative from Urban Money will reach out to you regarding your chosen lender.

How to Choose the Right Personal Loan in Surat

Securing instant personal loans in Surat, you can follow some tips and make well-informed decisions that align with your needs.

• Assess your repayment capacity by considering your income, expenses, existing debts, and savings. You can also use a personal loan EMI calculator to estimate your monthly instalments and plan your budget accordingly.
• Compare the interest rates from different lenders and choose the lowest one.
• Choose your loan tenure wisely. A longer tenure may reduce your EMI amounts but will lead to higher interest costs. Conversely, choosing a shorter tenure may increase your EMI amount but will lower your interest costs.
• Read the terms and conditions thoroughly. Pay attention to processing fees, prepayment penalties, or any other hidden charges. In case of any doubts, inquire with the lender’s representative via phone or by visiting them directly.

Conclusion

Nowadays, availing of personal loans in Surat is super easy. All you need to do is, visit the chosen lender’s official website, check your eligibility, and submit the required documents. Ideally, the fund will be credited to your account within 1 to 2 business days. However, choosing the finest personal loan in Surat is not an easy task;  it can be quite overwhelming. It demands extensive research, considering numerous factors such as interest rates, processing fees, repayment terms, and any hidden charges. Moreover, it is essential to read and comprehend the terms and conditions thoroughly, seeking clarification from the lender’s representative if any doubts arise. Thereby, you can make the best choice and utilise personal loan Surat as a valuable financial tool to meet your needs and aspirations.