Piramal Finance Home Loan

Piramal Capital and Housing Finance Limited is one of the prominent financial services providers known to offer a diverse range of products. One of its notable financial products is the Piramal Finance Home Loan.

You can utilise the Piramal Finance Home Loan for numerous purposes, such as constructing a new home, purchasing a ready-to-occupy property, or even availing the balance transfer facility.

Here are the key details about the Piramal Finance Home Loan. 

Disclaimer: Loan specifics are subject to change at the lender’s discretion.

The Piramal Finance rate of interest on a home loan is competitive, making it an appealing option in the market. With it, you can obtain funds on favourable terms, ultimately allowing you to fulfil your aspirations of owning your dream home. Here are the details of Piramal Finance Home Loan interest rates, fees, and charges:

Disclaimer: Above-mentioned charges are subject to change at the lender’s discretion.

Here is a tabulated comparison of the Piramal Finance interest rate on a home loan against partner lenders on Bajaj Markets. Comparing various home loan offers help you select a lender that best suits your financial requirements.

*Disclaimer: The interest rates and associated charges can vary from one lending partner to the other and are subject to policy changes of the partner.

To simplify the process of calculating your equated monthly instalments (EMIs), you can utilise the Piramal Finance EMI calculator. This digital tool enables you to quickly and conveniently compute your home loan EMIs. 

Simply input the following details in a Piramal Finance Home Loan calculator: 

• Home loan amount 

• Applicable interest rate

• Home loan tenure

Once you enter the information, the home loan EMI calculator automatically generates accurate estimates of your monthly instalments. You can access the EMI calculator below.

The documentation requirements for home loans vary based on the employment type of individuals. To ensure a smooth loan application process, it is essential to provide the necessary documents. 

Here are some Piramal Finance Home Loan documents you must submit to apply:

1. Mandatory Documents for All Applicants:

• PAN card

• Passport-size photographs

• Identity Proof: Aadhaar card/Passport/Voter ID /Driving licence

• Address Proof: Aadhaar card/Passport/Voter ID/Driving licence/water bill/electricity bill

• Property Related Documents: NOC from the Builder, Sales Deed, Letter of Allotment, Possession Certificate, Bank Account Statement, Occupancy Certificate, etc.

2. Salaried Applicants:

• Income proof: Latest pay slips, Form-16

• Bank account statements for the last 3 months

3. Self-employed Applicants:

• PAN card

• Bank account statements for the last 6 months

• Business Proof: GST registration, Trade licence, partnership deed, SEBI registration certificate, MOA, ROC registration certificate

• Financial Statements: Balance sheet, profit and loss statement

It is important to meet the required eligibility criteria to maximise your chances of getting a Piramal Finance Home Loan. Here are some Piramal Finance Home Loan eligibility parameters:

1. Salaried Applicants:

• Minimum age: 21 years

• Maximum age: 70 years for government employees and 62 years for others

2. Self-employed Applicants:

• Minimum age: 23 years

• Maximum age: 70 years

3. CIBIL Score: 750 and above

The Piramal Finance Home Loan has a multitude of features and advantages, making it a favourable choice for numerous borrowers. Along with the competitive Piramal Finance interest rate, other features and benefits include:

• Diverse loan options

• Favourable loan terms

• Simplified application procedure

• Minimal processing fees

• Quick loan approval

• Nominal service charges

• Streamlined loan processes 

• High sanction ranging up to ₹2 Crores

• Flexible home loan tenure options of up to 30 years

Piramal Finance offers a range of options tailored to individual needs. You can explore various home loan schemes such as:

• Regular home loans with a seamless documentation process and convenient EMIs

• Construction loans offering up to 90% of the property cost

• Renovation loans to help you renovate and repair your home, providing loan amounts starting from ₹5 Lakhs to ₹2 Crores

• Home extension loans to help you expand your living space

Obtaining a Piramal Finance Home Loan is a hassle-free experience, thanks to its simplified application process. To apply for a home loan, simply follow the steps outlined below:

1. Online Application

• Visit the official Piramal Finance website 

• Go to the ‘Home Loan’ section under ‘Loan Products’ and select 'Home Loan' from the dropdown menu

• Click on the ‘Apply Loan Now’ option and provide all the required information in the application form such as your name, income, DOB, loan type, loan amount, etc

• Accept the terms and conditions, and click on the ‘Let’s Move Forward’ option

Wait for the representative to contact you and process your application further.

2. Offline Application

To apply for a Piramal Finance home loan, visit your nearest Piramal Capital & Housing Finance branch office. 

You can meet a Relationship Officer who will help you throughout the application process. Remember to carry the required documents as this can help you better understand the terms you can qualify for when you apply.

Piramal Finance offers customer support over the telephone, SMS and email. You may refer below for details:

• Email: customercare@piramal.com

• Contact number: 1800 266 6444

Piramal Finance is a trusted name if you are seeking a home loan. With multiple options, affordable interest rates, favourable loan terms and various other benefits, the Piramal Finance Home Loan can be a smart financial choice.