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Personal Loan in Surat

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Loan up to Rs 5 Lakh
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Minimum Salary Required Rs 15K
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Instant Approval in 10 Minutes
Personal Loan EMI Calculator

Monthly EMI

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Interest Payable

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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

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Ample Loan Amount

You can get a personal loans of up to Rs 5,00,000 for various purposes from Hero FinCorp.

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Attractive Interest Rates

Our personal loan interest rate in surat starts from 1.58% per month or 19% per annum.

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No Collateral Requirement

Our personal loans are unsecured, so you do not need to provide any security or collateral.

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Flexible Repayment Tenures

You can choose a repayment tenure of 12 to 36 months for a personal loan in surat.

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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.

CriteriaRequirement
AgeYou should be between 21-58 years.
CitizenshipYou should be a citizen of India.
Work ExperienceSix months for salaried individuals and 2 years for self-employed individuals.
Monthly IncomeYou 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

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Six Month Salary Slip & Bank Account Statement, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

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Proof of Residence

Driver Licence, Passport, Aadhaar Card, Utility Bill

Documents Required For Self Employed

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Last Six Months Bank Statement, ITR for the Last Two Consecutive Years

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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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 & ChargesAmount Chargeable
Interest RateStarting from 19% p.a.
Loan Processing ChargesMinimum 2.5%+ GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation1. 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:

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  • 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

What Our Clients Say About Us

It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.

Savi Gupta

Herofincorp has great funds for various purposes. I got the best personal loan offer compared to interest rates, terms, and fees for ...my best financial situation. Thanks for your assistance.

Rashi Kohli

It is a simple procedure. For financial emergencies, it is the best option. Thanks for their assistance. Adaptable and well-balanced. You can acquire an immediate loan transfer with Hero FinCorp.

Lalji Soni

Processing is quick, and had great experiences with this personal loan application and service. I appreciate customer support's gentle communication in helping the process go more smoothly. interest rates provided on the personal loan is the lowest in market. Overall experience good. I'm grateful.

Raj Chaudhary

I have been looking for a platform that allows me to borrow money quickly, it is convenient, safe and reliable to borrow money on this practical and reliable platform.

Kadam Kailash

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.