Home Loans in Surat

Compare Home Loan Interest Rates Offered by Various Banks & HFCs in Surat

Name of Lender	Loans of Up to Rs. 30 Lakh
Bank of India	7.10% p.a. onwards	Check Eligibility
State Bank of India	7.25% p.a. onwards	Check Eligibility
Punjab National Bank	7.20% p.a. onwards	Check Eligibility
Canara Bank	7.15% p.a. onwards	Check Eligibility
HDFC Bank	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.40% p.a. onwards	Check Eligibility
ICICI Bank	7.65% p.a. onwards	Check Eligibility
Axis Bank	*8.25% p.a. onwards	Check Eligibility
Federal Bank	*7.90% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	7.70% p.a. onwards	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.35% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.75% p.a. onwards	Check Eligibility
PNB Housing Finance	*7.20% p.a. onwards	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	8.43% p.a. onwards	Check Eligibility
L&T Finance Limited	*8.40% p.a. onwards	Check Eligibility
Godrej Housing Finance	7.75% p.a. onwards	Check Eligibility
Home First Finance	8.00% p.a. onwards	Check Eligibility
Easy Home Finance	8.99% p.a. onwards	Check Eligibility
Piramal Capital Housing Finance	*8.25% p.a. onwards	Check Eligibility
Shubham Housing Finance	10.45% p.a. onwards	Check Eligibility
Punjab & Sind Bank	7.30% p.a. onwards	Check Eligibility
Jio Housing Finance	8.20% p.a. onwards	Check Eligibility
HDFC Sales Pvt Ltd	7.90% p.a. onwards	Check Eligibility

Note: Interest rates as of 8 September 2025

Features of Home Loans offered in Surat

• The home loan interest rates offered by Surat based home loan lenders start from 7.35% p.a. for loan tenures of up to 30 years.
• The loan to value (LTV) ratio provided by home loan lenders in Surat can go up to 90% of the value of the mortgaged property. The final home loan LTV ratios set by banks, housing finance companies (HFCs) and non-banking finance companies (NBFCs) for their home loan applicants would depend on the loan amount and other aspects of the applicant’s credit profile. The breakup of the home loan amount and LTV ratio limit is provided below:

Home Loan Amount	LTV Ratio
Up to Rs 30 lakh	Up to 90% of total property cost
Above Rs 30 lakh to Rs 75 lakh	Up to 80% of total property cost
Above Rs 75 lakh	Up to 75% of total property cost

• Most banks, HFCs and NBFCs provide the home loan balance transfer facility, which enables existing borrowers to move their existing loan to another lender at lower rates of interest. Lenders also offer additional facilities like home loan top-up to their existing borrowers who can use the loan proceeds for personal/professional expenses.
• Select existing customers of banks/HFCs/NBFCs offering home loans in Surat can avail pre-approved home loans depending on their credit scores, income, occupation profile, etc.
• According to the RBI’s guidelines on home loan prepayments, lenders cannot levy prepayment fees on home loans availed with floating interest rates. However, banks/HFCs/NBFCs providing fixed interest rate housing loans can levy prepayment charges. Lenders also have the discretion to waive off the prepayment charges, either in partial or full, as per their discretion.

Minimum Income Requirements for availing Home Loans in Surat

• Salaried home loan applicants with minimum monthly incomes of Rs 10,000 are more likely to get home loan approval on their loan applications.
• Banks, HFCs and NBFCs usually offer home loans in Surat to self-employed home loan applicants with annual incomes starting from Rs 1 lakh.

Eligibility Criteria of Home Loans in Surat

The home loan eligibility criteria may differ from lender to lender. Some of the eligibility conditions for availing home loans in Surat, which are similar across most lenders, are as follow:

Job Profile

• Salaried individuals working in govt. institutions, private & public sector units are usually eligible for availing home loans in Surat.
• Home loan lenders operating in Surat usually consider both self-employed professionals like accountants, lawyers, doctors, architects, etc. and non-professionals like contractors, commission agents, traders, etc. as eligible to apply for home loans.

Age

Home loan lenders in Surat usually offer home loans to applicants aged 18 years and above. However, lenders also stipulate that loan borrowers should repay the loan amount usually till they reach 70 years of age.

Nationality

Resident Indians are eligible to avail home loans in Surat with some lenders also offering NRI Home Loans to NRI, PIO and OCI applicants

Credit Score

Home loan lenders in Surat usually prefer loan applicants with minimum CIBIL/credit scores of 730 as financially disciplined. Hence, such applicants have higher chances of availing home loans at lower interest rates.

Work Experience

Salaried applicants with at least 2 years work experience and self employed applicants with minimum 2 years of business continuity are usually considered eligible by banks, NBFCs and HFCs for availing home loans in Surat.

Documents Required for Home Loans in Surat

Banks, HFCs and NBFCs offering home loans in Surat usually ask prospective borrowers to submit the below mentioned home loan documents

For Salaried Applicants

• PAN card, driving license, Aadhaar card, passport, voter ID, etc. as KYC documents
• Employment contract, appointment letter, letter of promotion/increment, etc.
• Last 3 month salary certificates, bank statement of last 6 months with salary credits, Form 16, ITR, etc. for income proof
• Bank statements showing repayment of ongoing loans, if any
• Property related documents
• Cheque for processing fee in favour of the home loan provider
• Proof of own contribution

Additional Documents for Self-Employed Applicants

• Last 3 years ITR with income calculation
• Balance sheet and P&L account of last 3 years attested by a chartered accountant (CA)
• Last 6 months savings bank account statement of the applicant and current account statement of the business entity
• Business profile
• Business address proof
• Latest form 26AS

Note: The final home loan documents list for any lender may also include additional documents, apart from the ones mentioned above, based on the profile of loan applicants.