Overview of a Housing Loan in Surat
Surat, a rapidly growing city in India, is a viable location for housing investment with its thriving diamond and textile industries, along with diverse employment opportunities. The city's strong infrastructure and strategic location along the western coast contribute to its appeal for real estate development. Surat's rich cultural heritage and modern amenities make it an attractive destination for families and professionals alike.
If you are looking to settle in Surat with a property of your own, you can consider the Bajaj Housing Finance Home Loan. We offer housing loan for a longer repayment Tenure at a competitive interest rate.
Features and Benefits of a Home Loan in Surat
The Bajaj Housing Finance Home Loan comes with a host of benefits.
Flexible Tenure
The repayment window goes up to 32 years, giving you the freedom to tailor your EMIs to your financial capacity.
Home Loan Balance Transfer
Existing Home Loan borrowers can reduce their EMIs with our quick and hassle-free Home Loan Balance Transfer facility. Refinance your existing home loan in Surat at a better rate of interest and avail of a Top-up Loan for additional expenses.
Zero Foreclosure Charges
Individuals with a floating-rate Home Loan can choose to prepay or foreclose without any additional charges.
Top-up Loan
Obtain a sizeable Top-up Loan at an attractive interest rate when you transfer your Home Loan to us. Use the funds to cover any housing expense of your choice.
Digital Customer Portal
Access your Home Loan details from the comfort of your home itself, anytime. From paying outstanding EMIs to viewing your statements and repayment schedule, have 24x7 access to a suite of loan services.
Quick Loan Processing
Our minimal documentation requirement ensures quick and easy loan processing. Our representative will walk you through the process and also set up a doorstep document pick-up to make the application process hassle-free.
Easy Online Calculators
Check how much finance you can qualify for with our eligibility calculator and forecast your EMIs with our EMI calculator to plan for repayment. Use tools such as the Home loan Balance Transfer Calculator and Home Loan Prepayment Calculator to make the most of your Home Loan in Surat.
Interest Rate and Charges for Home Loans in Surat
Get a Home Loan in Surat from Bajaj Housing Finance at competitive interest rates starting from 7.49%* p.a. for salaried applicants. To know more about our interest rates in detail, click here.
Documents Required for a Home Loan in Surat
Our documentation requirements are basic and make it easy to apply for a Home Loan in Surat. You will have to submit a few documents*** pertaining to your identity, address, income, and property. Check the list below:
- KYC documents (including address and ID proof)
- Mandatory documents (PAN card or Form 60)
- Income documents (based on your borrower profile, such as salary slips (for salaried applicants), Form 16, and P/L statement (for self-employed applicants), among others)
- Bank account statements of the last 6 months
- Proof of business (for self-employed applicants)
- Passport-sized photograph
- Property papers, such as sale agreement, title deed, allotment letter, and receipt of payments made to the agent or developer
***This list of documents is indicative, and you may be required to submit others during your application, if needed.
Eligibility Criteria for a Home Loan in Surat
You can avail of a Home Loan in Surat with simple eligibility terms, which includes:
| Eligibility Criteria | For Salaried | For Self-employed |
|---|---|---|
| Nationality | Indian (including NRIs) | Indian (residents only) |
| Age | 23 to 67 years** | 23 to 70 years** |
| Work Experience/Business Continuity | 3 years or more of work experience | 3 years or more of business vintage |
**The maximum age is considered at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
Steps to Apply for a Home Loan in Surat Online
You can visit our nearest branch to apply for a Home Loan offline. It’s recommended you use our eligibility calculator to verify if you meet the parameters and, accordingly, decide on the loan amount. You can then use the Home Loan EMI Calculator to plan set your EMI and select a Tenure . If you wish to apply for a Home Loan in Surat online, follow the steps given below:
- Navigate to our Home Loan application form.
- Select your occupation type and loan type.
- Enter the required personal details.
- Enter the PIN code and the required loan amount.
- Click ‘Generate OTP’ and enter the received OTP in the respective field. After entering the OTP, click ‘Proceed'.
- Populate all the financial details as requested and complete the form. (Note: The fields that you need to fill may vary basis your employment type.)
- Click ‘Submit’ to submit the application form.
Once you submit the form, our representative will get in touch with you shortly and explain the next steps.
*Terms and conditions apply
With us, you can apply for a Home Loan in Surat and expect the loan amount to be disbursed within 48 Hours* after document verification and approval.
The documents*** required to apply for a Home Loan in Surat are:
- KYC documents such as Aadhaar Card or Voter’s ID
- Form 60 or PAN Card (mandatory documents)
- Salary slips (for salaried applicants)
- Profit & Loss statement (for self-employed applicants)
- Income-related documents
- Bank statements for the last 6 months
- Business proof (for self-employed)
- Recent passport-sized photograph
***This is an indicative list of documents.
If you are looking for a Home Loan in Surat, Bajaj Housing Finance offers a loan amount of Rs.5 Crore* or higher, basis eligibility.
Here is the required age to avail of a Home Loan in Surat:
- Salaried Applicants: Age should be between 23 and 67 years**
- Self-Employed Applicants: Age should be between 23 and 70 years**
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
To estimate the housing loan amount you may be eligible for with a monthly income of Rs.50,000, you can our housing loan eligibility calculator.
We offer Home Loans in Surat with repayment Tenures of up to 32 years.
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