Ample Loan Amount
You can get a personal loans of up to Rs 5,00,000 for various purposes from Hero FinCorp.
Personal Loan in Surat
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 Minutes
Calculate Personal Loan EMI
Get Personal Loan in Surat with Quick Approval
Known by different names such as 'the Diamond City', 'the Silk City' and even 'the Green city', Surat is one of the most dynamic cities in Gujarat. The city offers exciting opportunities for both business and employment.
If you are based in Surat and need instant cash for any planned or unplanned expenses, you can get a Personal Loan in Surat of up to Rs 5 Lakh from Hero FinCorp. You should have a monthly income of Rs 15,000. You can apply online and get approval within 10 minutes. Our loans have competitive interest rates and flexible repayment tenures.
Features and Benefits of Personal Loan in Surat
A personal loan finance company in Surat should offer the best features and advantages and Hero FinCorp just fits the bill. Hero FinCorp personal loan offering includes
Attractive Interest Rates
Our personal loan interest rate in surat starts from 1.58% per month or 19% per annum.
No Collateral Requirement
Our personal loans are unsecured, so you do not need to provide any security or collateral.
Flexible Repayment Tenures
You can choose a repayment tenure of 12 to 36 months for a personal loan in surat.
Instant Approval with Minimal Documentation
You can get approval for an online personal loan within 10 minutes with minimal documentation.
Eligibility Criteria for Instant Personal Loan in Surat
Personal loans in Surat can be availed of through Hero FinCorp if an applicant meets the following eligibility criteria.
| Criteria | Requirement |
|---|---|
| Age | You should be between 21-58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | You should have a minimum income of Rs 15,000 monthly. |
List of Documents Required to Apply for a Personal Loan in Surat
Documentation requirements vary slightly for salaried and self-employed applicants. So, being prepared with the necessary personal loan documents can help ensure a smooth and hassle-free application process. Here’s a list of the commonly required documents.
Documents Required For Salaried Employee
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Month Salary Slip & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driver Licence, Passport, Aadhaar Card, Utility Bill
Documents Required For Self Employed
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Proof of Business Existence
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Interest Rates on Personal Loans in Surat
At Hero FinCorp, you can find the most competitive personal loan interest rate in Surat. However, be prepared to pay a few other charges to handle your loan plan efficiently. Here is an overview of the additional costs involved.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How To Apply For a Personal Loan in Surat?
To get approval for your personal loan in surat in 10 minutes, you should apply instant loan online with Hero FinCorp. Here are the steps to apply online:
- 01
Visit the Hero FinCorp website or install the personal loan app
- 02
Go to the personal loan page and click ‘apply now’
- 03
Enter your mobile number and verify with the OTP received
- 04
Choose the loan amount you need
- 05
Verify your KYC details to check income eligibility
- 06
Click ‘Submit’ to complete your application
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Frequently Asked Questions (FAQs)
The maximum age for availing of a personal loan in Surat is 58 years.
The personal loan repayment period at Hero FinCorp varies from 6 months to a maximum of 36 months.
Hero FinCorp offers instant Personal Loans of up to Rs 5 Lakh to help you cover various planned and unplanned expenses.
You can opt for Personal Loan finance in Surat whenever you need. It can cover the overheads of a wedding, vacation, higher education, debt consolidation, medical emergency, or home renovation.
The best Personal Loan offers an ample amount, an attractive rate and flexible repayment tenures. For example: you can get a loan of up to Rs 5 Lakh at an attractive rate and flexible tenures with Hero FinCorp.
Certainly, you can get a Personal Loan in Surat, provided you have a good credit score, a low debt-to-income ratio and meet the minimum income requirements of the loan provider.
The interest rate will depend on your credit score, debt-to-income ratio and lender's rules. The personal Loan interest rate at Hero FinCorp starts at 1.58% a month or 19% per annum.
No, Personal Loans are unsecured, so you do not need to provide any security, guarantor or collateral to apply.
You just need basic documentation, like your KYC details and income proof, to apply with online lenders like Hero FinCorp.