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Overview Eligibility Features & Benefits Fees & Charges Documents FAQs Terms & Conditions

Product Overview

Piramal Finance Home Loan is a secured housing loan designed to help eligible customers purchase a new, under-construction, or resale property. Home loans are also available for purchasing a plot and constructing a house, as well as constructing a house on an owned plot.

Eligible applicants can avail of a Home Loan of up to ₹2 crore, with repayment tenure of up to 30 years. Interest rates start from 9.99% p.a., subject to eligibility and applicable terms.

With fast processing, minimal documentation, and easy eligibility, it is a reliable option for entrepreneurs and individuals looking for quick financial assistance.

Eligibility Criteria

As per Piramal Finance's current Home Loan eligibility information:
Salaried: Age 21–70 years
Self-Employed: Age 23–70 years
Minimum Monthly Income: ₹12,000
Nationality: Resident Indian
Credit Score: 700+ is indicated in the eligibility criteria
Employment/Business Stability: Relevant work or business experience may be considered
Final eligibility depends on income, credit profile, existing liabilities, property value and other lending parameters.

Features & Benefits

???? Loan Amount: ₹3 lakh to ₹2 crore
???? Interest Rate: Starting from 9.99% p.a.
???? Tenure: Up to 30 years
????‍???? Applicant Type: Salaried and self-employed individuals
???? Digital/Paperless Process
???? Minimal Documentation
???? Funding: Up to 90% of the purchase price, subject to applicable conditions
????️ Wide Property Coverage: Eligible residential properties, plots and construction-related requirements
???? Flexible Repayment Options: Fixed or floating rate options may be available
???? Joint Home Loan: Eligible family members can apply jointly, subject to lender criteria

Fees & Charges

ChargeDetailsProcessing FeeUp to 5% of loan amount + applicable taxesInterest RateStarting from 9.99% p.a.Stamp DutyAt actuals + applicable taxesCash/Overdue EMI/PEMII Collection₹500 + applicable taxesLoan Repayment Instrument Dishonor₹750Loan Cancellation after Disbursal/Cheque Handover₹5,000 + accrued interest + applicable taxesPrepayment/Part-PaymentAs per applicable rate type, borrower category and prevailing schedule
For floating-rate housing loans to individual borrowers and MSEs, Piramal Finance's current schedule states that no prepayment/part-payment charges apply. Fixed-rate individual housing loans may attract 2% of the principal prepaid + applicable taxes

Documents Required

KYC Documents
PAN Card
Aadhaar Card
Passport/Driving Licence/Voter ID or other accepted identity proof
Address proof
Passport-size photographs
Salaried Applicants
Last 3 months' salary slips
Last 6 months' bank statements
Form 16
Property-related documents
Self-Employed Applicants
ITRs for the previous years
Profit & Loss Account and Balance Sheet
Business bank statements
Business/office proof, as applicable
Property Documents
Sale Agreement/Sale Deed or Allotment Letter
Builder/Society NOC, where applicable
Possession/Occupancy Certificate, where applicable
Construction cost estimate and other property documents as required.

FAQs

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Eligible applicants can avail of a Home Loan of up to ₹2 crore.

The current advertised rate starts from 9.99% p.a.

The maximum repayment tenure is 30 years.

Yes. Piramal Finance offers Home Loans to eligible salaried and self-employed applicants.

Eligible properties can include ready-to-move, under-construction and resale properties, as well as certain plot and construction requirements.

Terms & Conditions

Loan approval is subject to Piramal Finance's credit, income, property and eligibility assessment.
Interest rates, loan amount and tenure are subject to the applicant's profile and applicable policy.
Processing fees and other applicable charges may attract taxes.
Property documents are subject to legal and technical verification.
Final terms will be specified in the sanction letter, KFS/MITC and loan agreement.
Terms and conditions apply.

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