Apply Home Loan in Surat: Tenure up to 30 years

L&T Finance Home Loans in Surat

Looking for a Home Loan in Surat? L&T Finance offers expert guidance, digital processing, and funding up to ₹ 10 Crore* at competitive rates starting from 8.70% p.a.* Whether it’s buying, building, or renovating, our Home Loan consultant in Surat ensures a smooth, customised experience for your real estate need

Features & Benefits of Home Loan in Surat

Features & Benefits	Description
Digitised Process	Apply online with support from a dedicated relationship manager
Competitive Interest Rates	Our Home Loan interest rates Surat start at 8.70%* p.a.
High Loan Amount	Loan amount starting from ₹ 20 Lakh* up to ₹ 10 Crore
Flexible Tenure	Choose repayment terms from 3* Years to 30* years
Minimal Documentation	Fast-track your loan approval with less paperwork
Tax Benefits	Avail Home Loan tax benefit under Section 80C and Section 24 of the IT Act

EMI Calculator for Home Loan in Surat

Estimate your monthly instalment quickly using our Home Loan EMI calculator.Simply enter your loan amount, interest rate and tenure to view EMIs and total repayment breakdown.

Uses of Home Loan in Surat

Home Extension – Expand your living space by adding new rooms or floors with a Home Loan in Surat, ideal for growing families.
Balance Transfer – Shift your existing loan to L&T Finance better interest rates starting from *8.70% p.a.**, and reduce EMI burden.
Top-Up Loan –Get extra funds on your current Home Loan in Surat for interiors, repairs, or personal needs without fresh documentation.

Eligibility Criteria for Home Loan in Surat

Type	Criteria
Residency	Indian resident or NRI
Age requirement	Salaried: 23 years to 70 years Self-employed: 25 years to 70 years
Profession	Salaried / self-employed professionals and non-professionals
Other	Can be increased by adding co-applicant income or other verifiable income sources

Documents Required for a Home Loan in Surat

Document Type	Required Document & Checks
Age Proof	Aadhaar Card \| PAN Card \| Passport
Address Proof	Utility bills (not older than 2 months \| Aadhaar Card \| Driving License \| Passport \| Voter ID etc
Photo ID Proof	PAN and any one of the following- Aadhaar Card \| Driving License \| Passport \| Voter ID \| Job card by NREGA \| Letter issued by the National Population Register containing details of name and address
Income Proof	Income proofs vary for different professionals across salaried , non-salaried and self employed.

Type	Document
Salaried	i. Salary slips for the last 3 months ii. Bank statements for 1 year iii. Latest Form 16
Self Employed: Professionals	i. Latest two ITRs (personal and business) with computation of income ii. Advance tax challans (if available) iii. Latest two years of P&L accounts and balance sheets (with schedules), certified by a CA (both personal and business) iv. Bank account statements (current and savings accounts) for the last 1 year v. Qualification Proof of professionals
Self Employed: Non-Professionals	i. Latest 2 years ITRs with computation for individual applicants and co-applicants (if borrower is an individual) ii. Bank account statements (current and savings accounts) for the last 1 year iii. Latest 2 years of audited/CA-certified profit & loss accounts and balance sheets of the firm/company (if borrower is a firm/company) iv. Proof of Business (GST / Shop Establishment/Udayam Aadhar, etc.) v. MOA & AOA & Certificate of Incorporation vi. For Partnership Firm-Partnership Deed

Other documents to be provided as required for disbursement of Loan

Home Loan Fees & Charges in Surat

List of all fees and charges for Home Loan

Type	Interest Rate and Charges
Processing Fees / Documentation Charges:	Up to 3% of sanctioned amount + applicable taxes (this is inclusive of Login Fee)
Login Fees:	Up to ₹ 5000 (inclusive of applicable taxes)(non refundable)
EMI Dishonour/Bounce Charge*	As shown in the table below
*A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
Loan sanction amount (in INR)	Charges in (in INR)
< ₹ 5 Lakh	₹ 500
₹ 5 Lakh - ₹ 50 Lakh	₹ 1000
> ₹ 50 Lakh – ₹ 2 Crore	₹ 1500
> ₹ 2 Crore	₹ 2000
Penal Charge/Late Payment Charges (LPC):	2% per month on overdue EMI + applicable taxes
	*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
	*Taxes applicable on LPC w.e.f. 1st Apr 2024
Annual Maintenance Charges:	NA
Duplicate NOC Charges:	First 3 paper copies - free of cost
Duplicate NOC Charges:	₹ 250/- + applicable taxes
Repayment Swap Charges (per swap):	₹ 500/- + applicable taxes (applicable only for branch walk-ins)
Charges for documents:	Nil for Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit
Valuation Charges:	As per actuals
Documentation Charges:	As per actuals
Cash Pickup Charges:	NIL
Interest Rate Conversion Charges:	Up to 0.5% on Balance Loan Amt + applicable taxes (or) Minimum ₹ 10,000/– whichever is higher
List of documents:	₹ 300/ – +applicable taxes
Providing Photo copies:	₹ 500/ – +applicable taxes of the documents (property & others)
Charges incurred by LTF for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002:	Issue of Loan Recall Notice = ₹ 500/ –
	Issue of Demand Notice = ₹ 1,000/ –
	Issue of Possession Notice = ₹ 2,000/ –
	Applying District Magistrate Order = ₹ 8,000/ –
	Taking Physical possession = ₹ 20,000/ –
	Actual cost incurred will be debited for expenses pertaining to Publication of Possession Notice/ Publication Demand Notice/Publication of Sale cum Auction Notice
Legal / Recovery Charges (Other than pertaining to SARFAESI):	As per actuals
Loan Cancellation Charges:	₹ 5000/ – + applicable taxes
Foreclosure / Full Prepayment Charges:	For Individual / Non-Individual Borrowers –
	Floating Rate – Nil Charge
	Fixed Interest Rate –
	i. Less than 1 year from disbursement – up to 3% on principal outstanding + applicable taxes
	ii.Post 1 year of disbursement – up to 2% on principal outstanding + applicable taxes
Foreclosure / Full Prepayment Charges – Home Loan:	Fixed Interest Rate –
	i. Less than 1 year from disbursement – up to 3% on principal outstanding + applicable taxes
	ii. Post 1 year of disbursement – up to 2% on principal outstanding + applicable taxes
Pre-payment Charges – Home Loan:	For Individual / Non-Individual Borrowers –
	Floating Rate – Nil Charge
	Fixed Interest Rate –
	i. Less than 1 year from disbursement – up to 3% on Partial Prepayment amount + applicable taxes
	ii. Post 1 year of disbursement – up to 2% on Partial / Prepayment amount + applicable taxes
Switch Charges:	Up to 1% on principal outstanding loan amount + applicable taxes (or) minimum Rs.10,000/– whichever is higher
Non-Compliance Charges:	Up to 1% p.a. of principal outstanding loan amount + applicable taxes

*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.

Why Choose L&T Finance for a Home Loan in Surat?

Fully Digitised Process: Apply online anytime and track your application in real time
Customised Solutions: Tailored Home Loan consultant in Gurgaon services to suit your needs
Dedicated Relationship Manager: Personalised support at every stage of your loan journey
Transparent Charges –No hidden fees, with clear costing on interest, processing and prepayment.
Tax Benefits Guidance – Expert advice on claiming Home Loan tax benefit under Sections 80C and 24

How to Apply for a Home Loan Online in Surat?

Apply for Home Loan with these steps

1. Submit Personal and Income Details

Get your eligibility assessed in just 5 minutes* with your personal and income details

2. Provide Property details

Submit your property details in order to get the digitised sanction on your Home Loan without any delay

3. Get your final offer

Receive your sanction letter which includes the interest rate, tenure and your loan amount details

4. Finish Your eKYC Process

Complete your electronic Know Your Customer (eKYC) verification by providing necessary documents

5. Authorise Your Mandate and Get Your Loan Approved

Complete the eMandate process to secure official approval for your loan and proceed with disbursement

FAQs & Support

View all

Is there a prepayment or foreclosure charge on the Home Loan?

Floating Rate Home Loans have no prepayment charges. For Fixed Rate Home Loans, you'll pay 3% if you prepay within 1 year and 2% if after 1 year, on the remaining loan amount.

Can I get a Home Loan in Surat for an under-construction property?

Yes, our Plot Plus Construction and Self-Construction Home Loans finance both land acquisition and construction costs.

What is the current interest rate for a Home Loan in Surat?

Interest rates for Home Loan in Surat start from 8.70%* p.a. at L&T Finance.

How long does it take to process a Home Loan in Surat?

With our fully digitised process, loan sanction can be obtained quickly after document submission.

What is the eligibility criteria for applying for a Home Loan in Surat?

The eligibility requirement for a Home Loan with L&T Finance includes that the applicants are aged 23–70 Years (salaried) or 25–70 Years (self-employed), Indian resident or NRI status.