Apply for Loan Against Property in Surat

Loan Against Property EMI Calculator

Get a Loan Against Property in Surat Upto 3 Crore

Popular as the "Diamond City" of India, Surat is a bustling metropolis in Gujarat. Its name has become synonymous with the thriving diamond-cutting and textile industries, propelling India's economic landscape.

The city boasts a rich history, with several iconic landmarks that serve as a testament to its glorious past. For instance, the Sardar Patel Museum has many artefacts chronicling Surat's cultural heritage. On the other hand, the Dutch Garden is a peaceful place where you can relax in nature. History lovers should visit Surat Castle because it is a big, impressive building with a lot of history.

The city also offers several investment opportunities to entrepreneurs and self-employed individuals. If you are looking to invest a large amount but need more finances, consider taking a Mortgage Loan in Surat from private lending institutions like Hero FinCorp. We can provide up to Rs 3 crore at attractive interest rates and extended repayment tenures.

Features And Benefits of Loan Against Property in Surat

Here are the advantages of getting a Loan Against Property in Surat:

High Loan Amount

Use your property as security to get a loan up to Rs 3 crore and achieve your financial goals.

Attractive Interest Rate

Enjoy competitive interest rates on Mortgage Loans, reducing borrowing costs and monthly EMIs.

Quick Loan Procedure

The entire loan process is streamlined, allowing you to access funds quickly during times of need.

Easy Repayment & Longer Tenure

Enjoy flexible repayment options and tenures up to 180 months, easing your burden.

Higher Loan-to-Value (LTV)

Avail up to 175% of your property's appraised value and type, maximising your borrowing potential.

Hassle-free Documentation

The simplified documentation process ensures a hassle-free experience with no tedious paperwork.

Eligibility Criteria for Loan Against Property in Surat

To acquire a Mortgage Loan in Surat, you must meet specific requirements. Here's what you need to know for eligibility:

Age

You must be between 25 and 75 years of age bracket.

Citizenship

The applicant must be a citizen of India.

Work Experience

At least 3 years of work experience criterion is needed.

Business Status

Business stability of 3 years is considered.

Occupation Status

The applicant can be an entrepreneur or a self-employed person with a profitable business.

Check Your Loan Eligibility

Documents Required for a Loan Against Property in Surat

If you require substantial funds for purposes like expanding your business, financing a wedding, funding your child's higher education, or meeting personal financial needs, securing a Loan Against Property in Surat could be a significant option. However, it's crucial to be well-prepared with all the necessary documentation before taking further steps.

Here are the documents required to apply for a Mortgage Loan in Surat:

Mandatory Documents

Duly filled application form, PAN Card

Proof of Identity

Aadhar Card, ID Card, Driver's License, and Identity Card issued by GOI

Proof of Address

Passport, Driver's License, Utility Bill, Voter ID Card, Lease/ Rent Agreement, Registry Copy, Property Tax Receipt, GST Certificate

Proof of Business Existence

GST Certificate, UDHYAM Certificate, Partnership Deed Copy, Trade License, Certificate of Practice

Signature Proof

Banker's Verification, Passport, PAN Card

Proof of Income

Last three years' Income Tax Returns (ITRs), Income Statement, Profit and loss Statement, Balance Sheet, and Bank Account Statement (previous six months)

Property Related Documents

Complete set of documents pertaining to the property in question

Interest Rates and Charges for Loan Against Property in Surat

Hero FinCorp offers competitive Mortgage Loan interest rates in Surat based on various factors such as income, occupational status, and the property's condition. Having said that, we offer two types of interest rates: fixed and floating. The fixed interest rates ensure your monthly payments remain consistent while the floating rates fluctuate with market conditions. Our Loan Against Property Calculator can help you determine the EMI you can afford as per your preferred repayment tenure. Using this tool, you can make informed decisions about your Mortgage Loan.

Maximum Loan Amount

₹20 Lakh to ₹ 5 Cr

Maximum Loan Tenure

3 Years (Min.) – 15 Years (Max)

Interest Rate

Starting from 11% P.A.

Processing Fees

Minimum Processing fee is 1%+ GST

Foreclosure Charges

Pre-Payment is not allowed within 12 months of loan sanction After 12 months, pre-payment charges will be applicable as described in the sanction letter

How To Apply For a Loan Against Property in Surat?

If you wish to apply for a Loan Against Property in Surat through Hero FinCorp, follow these simple steps:

01
Visit Hero FinCorp website and go to the loan against property page.
02
Check your eligibility from the eligibility criteria section available on the website
03
On the mortgage loan page, check for the mandatory documents required for a mortgage loan.
04
Click the 'Apply now' tab and fill in the required information, and submit the online form.
05
Once Hero FinCorp is satisfied with your details, their executives will get in touch with you.
06
You may also apply for a mortgage loan by visiting the nearest Hero FinCorp branch or outlet.