Piramal Finance offers personal loans with interest rates starting from 12% p.a., providing flexible loan tenures of up to 60 months and loan amounts of up to Rs. 10 lakh. These loans are designed to address various personal financial needs, such as medical emergencies, weddings, travel, or debt consolidation.
Piramal Finance personal loans come with benefits like quick approval, minimal documentation, and no collateral requirement. Additionally, the loans offer flexible repayment options, making it easier for borrowers to manage their finances while meeting immediate personal requirements.
Piramal Finance Personal Loan Highlights
Interest Rate
11.25% p.a. onwards
Loan Amount
Up to Rs 20 lakh
Tenure
Up to 5 years
Processing Fees
Up to 2.5% of loan amount
Minimum Monthly Income
For Corporate Borrowers: Rs 25,000For Non-corporate Salary Borrowers: Rs 30,000Employee of HDFC Bank: Rs 20,000
Types of Piramal Finance Personal Loans
Type of Loan
Purpose
LTV Ratio
Tenure
Special Features
General Personal Loan
Covers all personal expenses
Up to 85%
5 years
Quick approval and disbursal
Education Loan
Funding higher education
Up to 90%
7 years
Moratorium period available
Wedding Loan
Wedding-related expenses
Up to 85%
5 years
Special low-interest rates
Piramal Finance Personal Loan Features & Benefits
Zero Collateral: No need to mortgage property.
Loan Amount Tenure: Maximum up to ₹20 Lakhs can be availed for up to 5 years.
Interest Rates: Attractive rate of interest starting at 11.25% p.a.
Digital KYC: Easy documentation with video KYC using Aadhar Card.
Flexible Repayment Options: Tailor the repayment schedule to fit your financial situation.
Piramal Finance Personal Loan Interest Rate
Customer Type
Effective Rate Of Interest
Salaried
11.25% – 16.00% per annum
Self-employed
12.00% – 17.50% per annum
Piramal Finance Personal Loan Processing Fees and Charges
Fee Type
Details
Processing Charges
Up to 2.5% of loan amount
Stamping Charges
As per respective State’s Stamp Act
Overdue Interest
2% per month
Credit Appraisal Charges
Up to ₹5,000 + GST
Credit Administration Charges
Up to ₹2,000 + GST
Collection Charges
1% + GST of cheque/instrument dishonor charges + overdue interest
Dishonor Charges per instance
₹500 + GST
Foreclosure Charges
4% + GST
Part Pre-payment Charges
₹500 + GST per instance
No due
NIL
Duplicate Issue of NOC
NIL
Copy of CIBIL
₹50 + GST
Copy of Records
₹100 + GST
Eligibility Criteria for Piramal Finance Personal Loan
Requirements
Salaried
Self-Employed
Residency
Indian/NRI
Indian/NRI
Age
21 to 60 years
25 to 65 years
CIBIL Score
700 and above
700 and above
Minimum Net Income
₹25,000 per month
₹35,000 per month
Documents Required for Piramal Finance Personal Loan
ID Proofs: Passport, Aadhar card, driving license, voter ID, PAN card
Residential Proofs: Passport, utility bill, leave and license agreement
Bank Statement: Past 3 months
Salary Slip: Last 3 months
Photographs: 2-3 passport size
Piramal Finance Personal Loan EMI Calculator
Calculate your EMI using Piramal Finance’s online EMI calculator. Simply enter the loan amount, tenure, and interest rate to get an estimate of your monthly payments. [Link to EMI Calculator]
Tips to Improve Loan Approval Chances
Improve Credit Score: Maintain a CIBIL score of 700 and above.
Reduce Existing Debt: Lower your existing debt before applying.
Stable Income: Ensure consistent and stable income to meet eligibility criteria.
How to Apply for a Personal Loan at Piramal Finance?
Visit the Piramal Finance website or nearest branch.
Click on ‘Apply Now’.
Provide your personal and income details.
Select ‘Piramal Finance’ from the list of lenders.
Choose your preferred loan amount and repayment tenure.
Submit the application.
Following the verification of your application, a Piramal Finance executive will contact you for further proceedings.
Types of Piramal Finance Personal Loans
General Personal Loan: Ideal for all personal expenses with quick processing.
Education Loan: Fund your higher education with flexible repayment options.
Wedding Loan: Cover wedding expenses with competitive interest rates.
Practical Use Cases
General Personal Loan: Cover unexpected medical expenses with quick processing.
Education Loan: Manage higher education costs with customizable repayment options.
Wedding Loan: Get immediate financial assistance with low-interest rates for wedding expenses.
Why Apply for Personal Loans through Grow Associates?
Offers from Top Lenders: 30+ partner Banks/NBFCs/Fintechs provide the best available loan at one place.
Compare & Choose: Easily compare loan offers from top banks, NBFCs, and fintechs to choose the best option.
Personalized Solutions & High Approval Chances: Personal loan offers are ranked according to your credit score and eligibility factors, maximizing your chances of approval.
Pre-Approved Loans: Access pre-approved personal loan offers based on your credit health.
End-to-end Assistance: From loan selection to fund disbursement, [Platform/Agency Name] assists you at every step.
Compare Piramal Finance Personal Loan with Other Banks
Piramal Finance’s personal loan is an ideal solution for anyone in need of quick funds to meet financial needs. With competitive interest rates, flexible repayment options, and a hassle-free application process, Piramal Finance ensures you have the financial support you need when you need it most.
