Piramal Capital & Housing Finance offers home loans with interest rates starting from 9.00% p.a., providing flexible tenures of up to 30 years and financing up to 90% of the property’s value. Piramal’s home loan solutions cater to a wide range of needs, including purchasing, constructing, or renovating residential properties.
The company also offers a home loan balance transfer facility, enabling borrowers to switch from other lenders at competitive rates, along with top-up loans for additional funding requirements. With features like quick approval, minimal documentation, and tailored repayment plans, Piramal Home Loans are designed to meet the financial needs of both salaried and self-employed individuals.
Piramal Home Loan Highlights Interest Rate 9.50% p.a. onwards Loan Amount Up to Rs 2 Crore Loan Tenure Up to 30 years Processing Charges Up to 1% of the loan amount LTV Ratio 75% to 90% of property value
Types of Home Loans
Type of Home Loan Purpose LTV Ratio Tenure Special Features Home Loan Purchase of a new or resale home, construction of a new house. Up to 85% Up to 20 years – Fixed/Variable Interest Rate- Tax Benefits- Prepayment Options Top – Up Loan Transfer existing home loan from another bank to Kotak Mahindra. Up to 90% 10 – 20 years – Higher Loan Amount- Simplified Documentation- Lower Interest Rate compared to Personal Loans Balance Transfer For NRIs looking to purchase a residential property in India. Up to 85% 10 – 20 years – Lower Interest Rates- Option to Extend Tenure- Reduce EMI Loan Against Property Additional loan over existing home loan for personal or business purposes. Up to 85% 10 – 20 years – Higher Loan Amount- Flexible Repayment Options- Lower Interest Rates compared to Unsecured Loans NRI Home Loan For financing new home purchase with a flexible repayment structure. Up to 85% Up to 20 years – Tailored for NRIs- Currency Exchange Flexibility- Lower Processing Fees Gruh Setu Home Loan Purchase/Construction/Extension Up to 85% 10 – 30 years – Tailored for Low-Income Borrowers- Easy Documentation- Affordable EMIs Home Construction Loan Construction of New Home Up to 85% 10 – 20 years years – Disbursed in Phases- Flexible Drawdown- Interest Only EMI Option during Construction Home Renovation Loan Renovation/Upgradation of Existing Home Up to 75% 5 – 15 years – Quick Approval- No Collateral Required- Special Offers for Existing Customers Home Extension Loan Extending/Adding to Existing Home Up to 85% 10 – 20 years – Higher LTV Ratio- Customized Loan Amounts- Flexible Repayment Terms
Why Choose Piramal Home Loan?
Piramal Home Loan Features & Benefits
The procedure to apply for a Piramal home loan is quite easy. Customers can opt for an online application to apply for the loan as well.
Minimal documents are required to apply for the loan.
Piramal home loans allows flexibility in repayment period, foreclosure, and repayment tenure.
Piramal home loan can be availed by both salaried as well as self-employed people as well.
Piramal Home Loan Interest Rate
Customer Type Effective Rate Of Interest For Salaried 8.50% – 9.50% For Self-employed 9.00% – 10.00%
Eligibility Criteria for Piramal Home Loan
Requirements Salaried Self-Employed Residency Indian/NRI Indian/NRI Age 21-70 years 23-70 years CIBIL Score Above 750 Above 750 Loan Tenure 20,000 per month Up to 20 years Minimum Net Income Rs.12,000 per month Rs.12,000 per month
Piramal Processing Fee and Charges
Employment Description Amount Processing Fee Fee for processing the home loan application ₹3,000 – ₹5,000 Prepayment Charges Charges for early repayment of the loan 0% – 2% of the outstanding loan amount Late Payment Charges Fee for late payment of EMI ₹500 – ₹1,000 per missed EMI Legal Charges Charges for legal documentation and verification ₹2,000 – ₹5,000 Valuation Charges Charges for property valuation ₹3,000 – ₹7,000 Documentation Charges Charges for documentation and paperwork ₹1,000 – ₹2,500 Stamp Duty and Registration Fees Fees for property registration and stamp duty Varies based on property value and state laws Miscellaneous Charges Any other additional charges Varies
Documents Required for Piramal Home Loan
Documents Salaried Individuals Self-Employed Professionals SENP/Co./HUF/Partnership Firm/LLP Identity Proof Aadhar Card, Passport, Voter ID, Driving License Aadhar Card, Passport, Voter ID, Driving License Aadhar Card, Passport, Voter ID, Driving License Address Proof Utility Bill, Rent Agreement, Passport, Voter ID Utility Bill, Rent Agreement, Passport, Voter ID Utility Bill, Rent Agreement, Passport, Voter ID Income Proof Salary Slips (last 3 months), Bank Statements (last 6 months), Form 16 Income Tax Returns (last 2 years), Bank Statements (last 6 months), Profit & Loss Account Income Tax Returns (last 2 years), Bank Statements (last 6 months), Profit & Loss Account, Balance Sheet Employment Proof Employment Certificate, Recent Pay Slips Professional Certificate, Proof of Practice Proof of Business Registration, Partnership Deed, Certificate of Incorporation Property Documents Property Sale Agreement, Title Deed, NOC from Society (if applicable) Property Sale Agreement, Title Deed, NOC from Society (if applicable) Property Sale Agreement, Title Deed, NOC from Society (if applicable) Other Documents Passport-sized Photographs, Signature Proof Passport-sized Photographs, Signature Proof Passport-sized Photographs, Signature Proof
How to Apply for a Home Loan at the Piramal?
You can apply in two ways:
Through the official Piramal portal by filling out the application form and tracking the application status online.
Contact Us at +91 636909 5433 or Visit Grow Associates for more convenient option
Piramal Home Loan Interest Rates vs Other Banks & HFCs
Bank Up to Rs. 30 Lakh Above Rs. 30 Lakh to Rs. 75 Lakh Above Rs. 75 Lakh Piramal 10.50% per annum. 11% to 12.5% per annum 13% per annum SBI Bank 8.5% p.a. onwards 8.5% p.a. onwards 8.5% p.a. onwards HDFC Bank 8.7% p.a. onwards 8.7% p.a. onwards 8.7% p.a. onwards ICICI Bank 8.85% p.a. onwards 8.85% p.a. onwards 8.85% p.a. onwards Kotak Mahindra Bank 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Punjab National Bank 8.40% – 12.10% p.a. 8.40% – 12.10% p.a. 8.40% – 12.10% p.a. Bajaj Housing Finance 8.50% p.a. onwards 8.50% p.a. onwards 8.50% p.a. onwards Axis Bank 8.75%-13.30% p.a. 8.75%-13.30% p.a. 8.75%-9.65% p.a. Bank of India 8.4% p.a onwards 8.4% p.a onwards 8.4% p.a onwards TATA Capital 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards
Other Piramal Loans
