Loan Amount
Up to₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Finance Your Needs With a Personal Loan in Surat

Surat is called the ‘Diamond Capital of India’ and ‘Silk City’ for its diamond and textile industries. It is also a large shopping centre for jewellery and clothes! Meet your financial needs in this bustling city with a Personal Loan in Surat from Poonawalla Fincorp.

Pay for vacations, weddings, higher education, medical emergencies, or any other personal needs with our loan. We offer a collateral-free Personal Loan of up to ₹50 Lakh with no end-use restrictions. Benefit from competitive interest rates, minimal documentation, quick approval, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Loan icon High
Loan Amount
Interest rate icon Attractive Interest
Rate
Collateral Icon Unsecured
Loan
Use icon No End-use
Restrictions
Application icon Online
Application
Zero Icon No Hidden
Charges

Personal Loan EMI Calculator

Determine your EMIs instantly with our EMI calculator. Just enter the loan amount, your Personal Loan interest rate, and tenure. You can also use different combinations of values to choose the one that fits you the best. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9.99%
30%

Tenure

Months
12 Months
84 Months

Apply for a Personal Loan Online in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

Enter your DOB, PAN card number, monthly income, KYC details and residential details.

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan in Surat

Fulfil our simple eligibility criteria to qualify for a Personal Loan in Surat:

  • Age Limit: Between 21 and 60 years.
  • Citizenship: Indian.
  • Work Experience: A minimum of 1 year of total experience and 1 month of experience with current employer.
  • Monthly Salary: A minimum of ₹30,000.
  • Employment Status: Full-time job at any Pvt Ltd, listed, unlisted Public Ltd company, LLP, MNC or the Central Government. 

Documents Required for a Personal Loan in Surat

Submit all these essential documents for a seamless personal loan application:

  • KYC Documents: PAN Card, Voter ID, Passport, Driving License, or Aadhaar Card.
  • Address Proof: Utility Bills, Rent Agreement or Passport. 
  • Employment Proof: Official mail ID or employee ID card.
  • Income Proof: Salary slip for the last 1 month.
  • Financial Documents: Bank statement for the last 3 months.

Interest Rate and Charges for a Personal Loan in Surat

We offer loans at attractive interest rates and nominal charges:

Interest Rate
Starting from 9.99%*p.a.
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 60 months
Loan Tenure
12- 84 months
Prepayment/Foreclosure Charges
1. Before repayment of first six EMI:
i) If Foreclosure or Prepayment is done including balance transfer from another financial institution – 4 % on amount being prepaid plus applicable taxes.
2) After repayment of first six EMI:
i) If Foreclosure or Prepayment is done from own funds of the Borrower- Nil charges.
ii) If Foreclosure or Prepayment is done any other source including by balance transfer from another bank/financial institution- 4% on amount being prepaid plus applicable Taxes.
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Personal Loan in Surat

You can use a Personal loan for:

  • Paying for higher education 

  • Travelling abroad 

  • Covering medical expenses 

  • Consolidating debts

  • Buying high-end appliances

  • Covering wedding expenses

Who Can Get a Personal Loan in Surat

  • You can avail of a personal loan in Surat if you are a:

  • Salaried employees 

  • Salaried doctors 

  • Salaried Company Secretaries 

  • Salaried Chartered Accountants

Tips for a Successful Personal Loan Application 

  • Check the eligibility criteria

  • Fill out the application form accurately 

  • Review your credit score 

  • Disclose all income sources 

  • Avoid multiple loan applications 

  • Reduce existing debts 

Poonawalla Fincorp Branch Address in Surat

Poonawalla Fincorp Limited

Address: Office No. 207 and 208, 2nd Floor, RIO EMPIRE, Near Pal RTO, Adjan, Surat, Gujarat-394510

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

*T&C Apply

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

Can I opt for a Personal Loan amount of ₹20 Lakh in Surat?

Yes, if you want to get a Personal Loan, Surat has a Poonawalla Fincorp branch where you can borrow the ₹20 Lakhs in person. You can also apply for the loan online from anywhere in the country with minimal documents required and easy online form access.

Are there any usage restrictions on personal loans granted in Surat? 

No, there are no end-use restrictions on the utilisation of a Personal Loan amount, no matter which city you're in! From a wedding to an emergency need, you can avail it to fulfil any financial need, no questions asked. 

Can I opt for a Personal Loan from Poonawalla Fincorp online?

Yes. You can apply for a Personal Loan online by visiting our website and clicking the ‘Apply Now’ button or downloading our app.

What are the repayment options available for personal loans?

There are flexible repayment options available for Personal Loans. You can repay through EMI over a period of 12 to 48 months, determining the tenure based on your repayment capacity. However, do remember that the EMI amount depends on your loan amount, interest rate, and chosen tenure.

What can I use a personal loan for?

Personal Loans from Poonawalla Fincorp do not have any end-use restrictions, which gives you complete freedom to borrow and use the funds as per your needs. You can use it for various purposes like higher education, wedding celebrations, medical expenses, travel and vacation, debt consolidation, and home renovation. Before applying, ensure you are eligibility to avoid rejections

How long does it take to get a personal loan approved and disbursed?

With Poonawalla Fincorp's streamlined digital process, you can get an instant Personal Loan approval on your application. Once you complete the online application, submit all the required documents, and pass our verification process, the loan amount is disbursed directly to the loan applicant's bank account instantly. Generally, it takes about 24 to 48 hours.

How can I calculate Personal Loan EMIs?

You can use Poonawalla Fincorp's EMI Calculator on the website to determine your Personal Loan EMI. All you need to do is enter your loan amount, interest, and tenure in their respective fields. The EMI amount will automatically appear.

How to apply for a Personal Loan with a low CIBIL score?

If you want to apply for a Personal Loan with a low CIBIL score, you may not get a very high amount. Research lenders who specialise in giving loans to individuals with low creditworthiness and check your eligibility for other criteria such as income requirements, bank statements, and work experience.

Can I use a Personal Loan in Surat for home renovation?

Yes, you can use the funds from a Personal Loan for the repair or renovation of your home. Avail funds up to ₹50 Lakhs at affordable rates with flexible repayment options.