Piramal Finance Loan Guide: Personal Loans, Home Loans, Interest Rates & More

When it comes to getting a loan that fits your financial needs, Piramal Finance has become a trusted name in India. Whether you're planning to renovate your house, buy a new home, or need urgent personal funds, Piramal Finance offers a wide range of lending options with flexible repayment terms and competitive interest rates.

In this guide, we’ll cover everything you need to know about Piramal Finance personal loans, home loans, interest rates, home loan calculators, and eligibility criteria.
 

What is Piramal Finance?

Piramal Finance, a part of Piramal Capital & Housing Finance Ltd., is a leading non-banking financial company (NBFC) in India. It offers various financial products such as:

• Personal Loans
• Home Loans
• Business Loans
• Loan Against Property
• Construction Finance

The company is known for its quick loan disbursals, flexible repayment options, and digital-first approach.

Get More at - Tata Capital Personal Loan

Piramal Finance Loan – Types of Loans Offered

1. Piramal Finance Personal Loan

A personal loan from Piramal Finance is an unsecured loan, meaning you don’t need to provide any collateral. It’s best suited for:

• Medical emergencies
• Wedding expenses
• Travel
• Home renovation
• Debt consolidation

Key Features:

• Loan Amount: ₹25,000 to ₹5,00,000
• Tenure: 6 months to 60 months
• Quick approval and digital documentation
• Competitive interest rates

Eligibility:

• Salaried individuals aged 21 to 58 years
• Minimum monthly salary: ₹15,000
• Stable employment history

2. Piramal Finance Home Loan

Piramal offers home loans for purchasing new homes, constructing houses, or buying resale properties.

Key Features:

• Loan Amount: ₹5 lakhs to ₹2 crores
• Flexible repayment tenure: Up to 30 years
• Attractive interest rates starting from 9.50% p.a.
• Customizable EMI plans

Piramal Finance Home Loan Interest Rate

One of the most important factors while choosing a home loan is the interest rate. Piramal Housing Finance provides competitive rates depending on your profile and loan requirement.

Interest Rate Range:

• Starting from 9.50% p.a.
• May vary based on:
  • Loan amount
  • Credit score
  • Employment type (salaried/self-employed)
  • Tenure

Example: For a ₹50 lakh loan over 20 years at 9.50%, your EMI would be approximately ₹46,607.

Piramal Finance Home Loan Calculator

Before applying, it's wise to estimate your monthly EMIs using the Piramal home loan calculator. This free online tool helps you understand the affordability of the loan.

How It Works:

Input the following:

• Loan amount
• Interest rate
• Loan tenure

The calculator will instantly show:

• Monthly EMI
• Total interest payable
• Total amount repayable

Benefits:

• Helps with financial planning
• Compare EMIs for different tenure options
• Make informed decisions

You can access this tool on the Piramal Housing Finance official website.

Piramal Housing Finance Home Loan Eligibility

Eligibility is a key factor when applying for a home loan. Piramal Finance evaluates applicants based on several criteria:

Eligibility Criteria:

• Age: 23 to 70 years
• Employment:
  • Salaried (minimum 2 years of experience)
  • Self-employed (minimum 3 years of business continuity)
• Income:
  • Minimum ₹25,000 per month in metro cities
  • ₹15,000 in non-metro locations
• Credit Score: Preferably 700+
• Property Type: Must be legal and registered with necessary approvals

Tip: A higher credit score and stable income increase your chances of approval and lower interest rates.

Documents Required for Piramal Finance Loans

To apply for any loan at Piramal Finance, you’ll need to submit basic documentation.

For Personal Loan:

• PAN Card
• Aadhaar Card or other address proof
• Salary slips (last 3 months)
• Bank statements (last 6 months)

For Home Loan:

• Identity and address proof
• Income documents (salary slips or ITRs)
• Property documents (sale deed, NOC, etc.)
• Bank statements

How to Apply for a Piramal Finance Loan?

The application process is simple and can be done both online and offline.

Online Process:

• Visit the Piramal Finance website
• Choose your loan type
• Fill in the application form
• Upload documents
• Get loan approval and disbursement

Offline Process:

• Visit the nearest Piramal Finance branch
• Meet a relationship manager
• Submit required documents
• Loan processed after verification

Benefits of Choosing Piramal Housing Finance

• Flexible loan structures: Custom EMIs based on your income cycle
• Quick disbursal: Especially in metro cities
• Customer support: 24/7 assistance via toll-free number and chat
• Wide reach: Available in more than 300 locations across India

Frequently Asked Questions (FAQs)

1. Can I get a home loan from Piramal Finance with a low credit score?

Yes, but the loan amount and interest rate might be affected. It’s better to improve your credit score before applying.

2. Is a co-applicant necessary for Piramal home loans?

Not mandatory, but adding a co-applicant (spouse or family member) can boost eligibility.

3. Are there prepayment charges on Piramal loans?

Piramal does not levy prepayment penalties on floating-rate home loans. Check loan terms for fixed-rate or personal loans.

4. How long does it take for loan approval?

Typically within 48-72 hours, provided all documents are submitted correctly.

Final Thoughts

Whether you're eyeing a dream home or need funds for urgent expenses, Piramal Finance loans offer reliable and convenient options tailored to your financial needs. With user-friendly online tools like the Piramal home loan calculator, competitive interest rates, and flexible eligibility criteria, securing a loan is now easier than ever.

For more information, visit bankstore.in and stay updated with expert tips, calculators, and financial tools designed to help you make smarter money moves.