Comparison of Personal Loan Interest Rates of Top Banks/NBFCs in Surat
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 10.50% onwards | Apply Now |
| SBI | 11.00%-15.00% | |
| ICICI Bank | 10.75% onwards | Apply Now |
| Axis Bank | 10.49% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
Note: Rates as of 29th March 2023
EMI Calculator
EMI Calculator
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Year(s)
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan Features
- Personal loans in Surat are usually offered @ 10.49% p.a. onwards
- Loan tenure is usually up to 5 years; may be up to 7 years for some banks/NBFCs
- Loan amount is generally up to Rs 40 lakh
- For any personal purpose, other than speculation
- No collateral security is required while applying for personal loans
- Pre-approved personal loans are offered to select customers
- Some banks/NBFCs offer instant loan disbursal
- Processing fees is charged up to 4%
Income Requirements for Personal Loan in Surat
Minimum Monthly Income: Rs 15,000 for salaried applicants; can be higher for a few Banks/NBFC
Eligibility for Personal Loan in Surat
- Nationality: Indian residents
- Age: 21 years at the time of loan application
- Applicants should be salaried, self-employed professionals and self-employed non-professionals, public and private sector employees, employees of State/Central/Local government
- Credit Score of 750 and above can enhance the possibility of availing personal loan and at lower interest rates
Documents Required for Personal Loan in Surat
- Application form duly filled with photographs attached
- Identity Proof- PAN Card/ Voter ID/ Driving License/Aadhaar Card/ Passport
- Address Proof- Aadhar Card/copy of ration card /Voter ID/Driving License/ Passport/electricity bills /gas connection bills
- Age Proof- Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
- ITR/ Form 16 for past 3 years
- Last 3 months’ salary slips
- Last 6 months’ bank account statement