Personal Loan in Surat — Rates from 10.75%

Compare 55+ lenders for the cheapest personal loan in Surat, Gujarat. Instant approval, online application, disbursal in minutes. Average loan: ₹2,00,000.

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Tier 2 CityPop: 65L94 Pincodes Served5 Lenders

Best Personal Loan Lenders in Surat

Compare personal loan offers from top banks, NBFCs and fintechs in Surat. Instant approval and online application available.

HDFC Bank

bank

Rating

4.3/5

India's most trusted private bank for personal loans

Interest Rate

10.5% - 24%

Loan Amount

₹50,000 - ₹40,00,000

Min CIBIL

700+

Disbursal

24 hours

View Details Check Eligibility

ICICI Bank

bank

Rating

4.2/5

Fast digital approvals, competitive rates

Interest Rate

10.65% - 16%

Loan Amount

₹50,000 - ₹50,00,000

Min CIBIL

700+

Disbursal

24-48 hours

View Details Check Eligibility

Bajaj Finserv

nbfc

Rating

4/5

India's most popular NBFC — instant approvals

Interest Rate

11% - 34%

Loan Amount

₹20,000 - ₹40,00,000

Min CIBIL

685+

Disbursal

24 hours

View Details Check Eligibility

Axis Bank

bank

Rating

4.1/5

Digital-first banking with competitive rates

Interest Rate

10.49% - 22%

Loan Amount

₹50,000 - ₹15,00,000

Min CIBIL

700+

Disbursal

24-48 hours

View Details Check Eligibility

Tata Capital

nbfc

Rating

4.2/5

The trusted Tata name behind every loan

Interest Rate

10.99% - 28%

Loan Amount

₹75,000 - ₹35,00,000

Min CIBIL

700+

Disbursal

24-48 hours

View Details Check Eligibility

Personal Loans in Surat — What You Need to Know

Surat is India's diamond and textile capital with a high concentration of self-employed traders. Personal loans here support small business owners for working capital.

The average personal loan amount in Surat is ₹2,00,000, with the cheapest interest rate starting from 10.75%. With GoCredit, residents of Surat can get an instant personal loan from 55+ lenders including HDFC Bank, ICICI Bank, Bajaj Finserv and more — all through a single AI-powered app.

Personal Loan Interest Rates in Surat — Lender Comparison

Lender	Interest Rate	Min CIBIL	Max Amount	Disbursal
HDFC Bank	10.5% - 24%	700+	₹40,00,000	24 hours
ICICI Bank	10.65% - 16%	700+	₹50,00,000	24-48 hours
Bajaj Finserv	11% - 34%	685+	₹40,00,000	24 hours
Axis Bank	10.49% - 22%	700+	₹15,00,000	24-48 hours
Tata Capital	10.99% - 28%	700+	₹35,00,000	24-48 hours

This is just 5 of 55+ lenders on GoCredit

Unlock exclusive rates from premium NBFCs and fintechs not shown here. Many offer lower rates than banks — but only through the app.

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Personal Loan Eligibility in Surat

Check if you qualify for a personal loan in Surat — minimum CIBIL 685+. For salaried and self-employed individuals. GoCredit's AI agent matches you with the best lender from 55+ options.

📊

685+

Min CIBIL Score

💰

₹15,000

Min Monthly Salary

🎂

21–67 yrs

Age Range

👔

Both

Salaried & Self-Employed

⚡

Minutes

Instant Disbursal

For eligible applicants

Check Your Eligibility in Surat

Personal Loan EMI Calculator for Surat

How much will a personal loan cost you in Surat? EMI breakdown for ₹2,00,000 (average loan amount) at the cheapest to highest rates available.

BEST RATE

Best Rate — 10.75%

Tenure24 months

Monthly EMI₹9,298

Total Interest₹23,152

Total Payment₹2,23,152

Average Rate — 22.4%

Tenure36 months

Monthly EMI₹7,680

Total Interest₹76,480

Total Payment₹2,76,480

Higher Rate — 34%

Tenure48 months

Monthly EMI₹7,674

Total Interest₹1,68,352

Total Payment₹3,68,352

EMI calculated using standard reducing balance method. Actual EMI may vary based on lender terms.

FD vs Personal Loan Calculator

Need money urgently? Compare whether breaking your Fixed Deposit or taking a personal loan in Surat is cheaper.

Should You Break Your FD or Take a Personal Loan in Surat?

Compare the cost of breaking your Fixed Deposit vs taking a personal loan to meet your needs.

Fixed Deposit Details

FD Amount

₹

₹50,000₹25,00,000

FD Interest Rate

3.0%9.0%

FD Remaining Tenure

1 mo60 mo

Personal Loan Details

Loan Interest Rate

8.0%36.0%

Loan Tenure

6 mo60 mo

BETTER OPTION

Break Fixed Deposit

FD Maturity Value₹2,14,372

Premature Value (after penalty)₹2,12,273

Interest Lost₹2,099

Take Personal Loan

Monthly EMI₹9,298

Total Loan Interest₹23,152

FD Interest Earned (kept running)+₹14,372

Net Cost₹8,780

Even though breaking your FD looks ₹6,681 cheaper — a low interest personal loan in Surat protects your savings.

Your FD is a safety net — once broken, most people never rebuild it. Instead of premature withdrawal, apply for a personal loan online in Surat and use your monthly cashflow to manage the EMI. A short-term personal loan without breaking your FD keeps your savings growing while you meet urgent expenses.

Based on 7% FD rate, 10.75% loan rate, and 24-month personal loan EMI

Apply for Personal Loan Online in Surat

GoCredit's AI agent does the hard work for you — finds, compares, and applies to 55+ lenders automatically. No manual searching.

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AI Finds Your Best Offer

Our AI agent compares 55+ lenders including premium banks and NBFCs to find your lowest rate.

Instant Disbursal

Eligible? Get money in your bank within minutes. No paperwork, no branch visits.

Why 50 Lakh+ Indians Trust GoCredit

55+

Lenders (Banks, NBFCs & Fintechs)

AI Agent

Finds your cheapest loan automatically

Minutes

Instant disbursal for eligible users

100%

Digital & paperless process

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Documents Required for Personal Loan in Surat

Want a personal loan in Surat without documents? Fintech lenders need minimal paperwork — just PAN and Aadhaar. Banks require more, but GoCredit's 100% digital process means no branch visits.

Banks

HDFC Bank, ICICI Bank, Axis Bank

✓ PAN Card
✓ Aadhaar Card
✓ Salary Slips (3 months)
✓ Bank Statement (6 months)
✓ Address Proof

NBFCs

Bajaj Finserv, Tata Capital

✓ PAN Card
✓ Aadhaar Card
✓ Salary Slips (3 months)
✓ Bank Statement (3 months)

Frequently Asked Questions — Personal Loan in Surat

What is the lowest interest rate for personal loan in Surat?

The lowest personal loan interest rate in Surat is 10.75% p.a., offered by Axis Bank. Rates vary based on your CIBIL score, income, and loan amount.

Which lender gives the fastest personal loan in Surat?

Through GoCredit, eligible applicants in Surat can get instant disbursal within minutes from digital lenders. Our AI agent automatically finds the fastest approval option from 55+ lenders including banks, NBFCs, and fintechs based on your profile.

Can I get a personal loan in Surat without CIBIL score?

Most lenders in Surat require a minimum CIBIL score of 685+. However, you can improve your chances by applying through GoCredit where we match you with lenders suited to your profile.

What is the maximum personal loan amount available in Surat?

The maximum personal loan amount in Surat is ₹50,00,000, offered by ICICI Bank. The actual amount depends on your income, CIBIL score, and existing liabilities.

How many lenders offer personal loans in Surat?

5 lenders currently offer personal loans in Surat, including HDFC Bank, ICICI Bank, Bajaj Finserv. GoCredit compares all of them to find the best offer for you.

What documents do I need for a personal loan in Surat?

For banks like HDFC Bank, you need PAN, Aadhaar, salary slips (3 months), and bank statement (6 months). Fintech lenders like KreditBee typically require just PAN and Aadhaar with a fully digital process.

Can self-employed people get a personal loan in Surat?

Yes, HDFC Bank, ICICI Bank, Bajaj Finserv, Axis Bank, Tata Capital offer personal loans to self-employed individuals in Surat. Requirements may include ITR, business proof, and bank statements.

What is the average personal loan amount in Surat?

The average personal loan amount in Surat is ₹2,00,000. Loan amounts range from ₹20,000 to ₹50,00,000 depending on the lender and your profile.

Is it better to break my FD or take a personal loan in Surat?

In most cases, taking a personal loan is the smarter choice. While the loan rate (from 10.75%) is higher than FD returns (~7%), breaking your FD means losing your savings buffer and the compound interest you've built. A personal loan lets you keep your FD running, maintain your emergency fund, and manage repayment through monthly cashflow. The real strategy: use the loan for your immediate need, keep your FD intact, and focus on increasing income through upskilling or career growth to repay faster. Use our FD vs Loan calculator above to compare exact numbers for your situation.

How quickly can I get a personal loan in Surat?

With GoCredit, eligible applicants in Surat can get money disbursed within minutes. Our AI agent instantly matches you with the right lender from 55+ options. Digital lenders and fintechs offer instant approval with a 100% paperless process — no branch visits needed.

Pincodes Served in Surat

GoCredit lenders are available across 94 pincodes in Surat, Gujarat. Enter your pincode in the GoCredit app to check eligible loan offers instantly.

View all 94 pincodes in Surat

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