Piramal Housing Finance

Piramal Capital Housing Finance, also known as Piramal Finance, is an emerging housing finance company in India. Piramal Housing Finance is getting popular among borrowers for its quick loan approvals, attractive loan schemes, and superior customer experience that is digital at the core. Piramal home loans start at an interest rate of 11.00% per annum with a processing fee of up to 3.00% of the loan amount. A borrower can choose a floater or fixed rate of range package when opting for a Piramal home loan, and there is always an option to swap anytime during the loan tenure.

Piramal Home Loan EMI Calculator

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Piramal Housing Finance Key Highlights

Get the lowest interest rates with Piramal Housing Finance

Loan Amount Starts at Rs. 5 lakhs up to Rs. 2 crores
Rate of Interest Starts at 11.00% per annum
RPLR
Processing Fee

Up to 3.00% of the loan amount + Taxes

Maximum Tenure for Repayment 30 years
Penal Rate of Interest
Rate Packages Fixed/Floater
Charges for Prepayment/Foreclosure Floater Rate - No Charges | Fixed Rate - 2.00% of the loan amount + Taxes

Piramal Housing Finance Interest Rates in 2023

A home loan interest rate is the amount charged on the principal amount lent to a borrower by a bank or NBFC. Piramal Housing Finance rate of interest in 2023 starts at 11.00% per annum. The table below enlists the current Piramal home loan interest rate for your reference:

Loan Slab Interest Rate for Home Loan
Up to Rs. 70 lakhs (For Salaried) Starts at 11.00% per annum 
Up to Rs. 70 lakhs (For Self-Employed) Starts at 11.00% per annum 

Interest rates were last updated on 1st September 2023

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Piramal Home Loan Eligibility Criteria

PCHFL takes into account certain eligibility criteria before granting home loans to applicants. These are general criteria such as age, CIBIL score, profession, and loan repayment capacity. To get a Piramal home loan, an applicant must be self-employed or employed at a private or public sector enterprise. The table below enlists the Piramal Home Loan eligibility criteria:

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 21 - 62 Years | 23 - 70 Years (Government Employees) 23 - 70 Years
Nationality Indian Resident Indian Resident
Minimum Income Earned Nothing Specific Nothing Specific

Piramal Housing Loan Processing Fee and Charges

In order to process each home loan application, Piramal Housing Finance Ltd. charges a processing fee, which is a fixed percentage of the total loan amount. Besides, the NBFC also charges some fees for additional services so that you seamlessly get a home loan. The table below enlists the Piramal home loan processing fee and charges for your reference:

Processing Fee

Up to 3.00% of the loan amount + Taxes

Login Fee/ Application Fee

Rs. 3500 + Taxes

Charges for Retrieval of Original Property Documents

Rs. 500 + Taxes

Photocopy of Documents

Rs. 1000 + Taxes

Rate of Package Swapping (Floater to Fixed or Vice-Versa)

0.5% of the outstanding loan + Taxes

Charges for Foreclosure/ Prepayment
  • Floater Rate  - No Charges
  • Fixed Rate - 2.00% of the loan amount + Taxes
Loan Pre-Closure Statement

Rs. 1000 + Taxes

Collection Pickup Charges

Rs. 250 per visit + Taxes

Document List Provided to the Lender

Rs. 1000 + Taxes

CERSAI

Rs. 500 + Taxes

Loan Repayment Instrument Dishonour Charges

Rs. 500 + Taxes

NOC Issue Charges

Rs. 500 + Taxes

Statement of Account

Rs. 500 + Taxes

Change of Loan Repayment Mode

Rs. 500 + Taxes

Custodial Charges

Rs. 500 + Taxes (cases where the borrower does not collect title documents within 60 days of loan closure)

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Piramal Home Finance Schemes and Top Plans

Listed below are some popular home loan schemes offered by Piramal Housing Finance Ltd.:

1. Housing Loan

  • Quick home loans starting Rs. 5 lakhs up to Rs. 2 crores
  • Maximum loan repayment tenure of up to 30 years
  • Up to 90% of the property construction cost as LTV

2. Home Construction Loan

  • Best home loan for those keen to construct a home on an already-bought plot
  • Up to 90% of the property cost as LTV
  • Maximum loan repayment tenure of up to 30 years

3. Home Extension Loan

  • Ideal for those who wish to extend a home by adding a floor or room
  • Minimum loan amount starting at Rs. 5 lakhs up to Rs. 2 crores
  • Maximum loan repayment tenure of up to 30 years

4. Home Renovation Loan

  • Ideal for those keen to renovate an already existing home
  • Minimum loan amount starting at Rs. 5 lakhs up to Rs. 2 crores
  • Maximum loan repayment tenure of up to 30 years

5. Home Loan Balance Transfer

  • Perfect for borrowers who want to transfer their existing housing loans to Piramal Housing Finance home loans
  • Available only on existing Piramal home loan borrowers
  • Lower rate of interest

6. Super Home Loan

  • Avail up to 15% reduction on EMIs
  • Easy top-up facility available with an extra EMI
  • Up to 90% of the property cost as LTV

7. Piramal Pradhan Mantri Awas Yojana (PMAY) Scheme Loan

  • Interesting interest subsidy on housing loans for EWS, LIG, MIG-1
  • Maximum loan amount of up to Rs. 18 lakhs
  • Maximum loan repayment tenure of up to 20 years

Note: All of the above home loan plans are made available to applicants solely at the discretion of Piramal Housing Finance, taking into consideration the earning and repayment capacity of the applicant.

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Documents Required For Piramal Home Loan

Enhance your chances of getting a home loan approved from Piramal Housing Finance by arranging for the essential KYC documents and details beforehand. The Piramal home loan documents required list is mentioned below for your reference.

Documents Required for Salaried Applicants

Proof of Income
  • Salary Slip for the last 3 months
  • Bank Passbook or Statements for the last 6 months
  • Form 16/ ITR
Other Required Documents
  • Duly filled application form
  • Passport-size photographs
  • Processing fee cheque in favor of Piramal Housing Finance Ltd. 

Documents Required for Self-Employed Applicants

Proof of Income
  • Trade License
  • GST Registration Certificate
  • SEBI Registration Certificate
  • Bank Passbook or Statements for the last 6 months
  • Form 16/ ITR
  • Profit and Loss Account and Balance Sheet attested by a CA
Other Required Documents
  • Duly filled application form
  • Passport-size photographs
  • Processing fee cheque in favour of Piramal Housing Finance Ltd.

Common Documents Required from Both Salaried and Self-Employed Applicants

Type of Document Documents Required
Identity & Address Proof

Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card

Documents Related to Property
  • Sale Deed, Allotment Letter
  • Certificate of Occupancy
  • Payment receipts for payments made to the builder
  • Permission to construct
  • Copy of approved plan
  • Registered Development Agreement of the builder
  • NOC (No Object Certificate from the builder or the housing society)

Interest rates were last updated on 15 July 2023

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How to Apply for Piramal Finance Home Loan?

The Piramal Home Loan apply procedure is simple and hassle-free. An interested applicant can apply for the Piramal home loan by following these steps:

  • Proceed to the APPLY NOW section on the website - BASIC Home Loan
  • Fill in the form by entering your Name and contact details and submit the form
  • The team from BASIC Home Loan will reach out to you to initiate a hassle-free Home Loan application process

Find Piramal Housing Finance Home Loan Offices Near You

If you are planning to visit one of the offices of Piramal Housing Finance Home Loan near you to understand the Piramal Housing Finance Home Loan Offer in details and apply for the Home Loan, you can simply fill in the Free Consultation form and the BASIC Home Loan team will reach out to you for needful assistance in the process.

Disclaimer:

For the latest Home Loan Interest rates and updates in Eligibility criteria, Home Loan offers, Home Loan application Fee and Charges, Required Documents and other FAQs related to Home Loans, please refer to the Piramal Housing Finance official website.

FAQs

The current interest rate on Piramal Housing Finance home loans 2023 starts at 11.00% per annum. However, we suggest you verify the same by visiting their official website.

The eligible age limit to apply for a Piramal home loan is 23 - 70 years for self-employed individuals, 21 - 62 years for salaried individuals, and 21 - 70 years for government employees.

The processing fee for a Piramal home loan is up to 3.00% of the loan amount and taxes as applicable.

Listed below are the eligibility requirements to apply for a Piramal housing home loan:

  • Age: 23 years - 70 (self-employed); 21 years - 62 years (salaried); 21 years - 70 years (Government employees)
  • Nationality: Indian Resident
  • CIBIL Score: 750 and Above
  • Co-Applicants: Mandatory

If the applicant has submitted all the KYC documents and details as asked by the NBFC, it will hardly take a few days or a week to get a home loan approved from Piramal Housing Finance Ltd.

There are no prepayment or foreclosure penalty charges on floater rate packages. However, PCHFL does charge a foreclosure penalty of 2.00% of the loan amount and applicable taxes.

An eligible applicant can get up to Rs. 2 crores home loan from PCHFL on certain loan schemes.

A borrower can easily download the Piramal Housing Finance home loan statement by following these steps:

  • Visit the official website of PCHFL 
  • Go to the “Loan Statement” option under the “Customer Service” tab
  • Enter the details such as loan account number
  • Your loan statement is ready to download