Piramal Housing Finance Interest Rate

Headquartered in Mumbai, Piramal Capital, and Housing Finance Limited is an emerging NBFC offering hassle-free housing loans to salaried and self-employed individuals. Piramal Housing Finance interest rate in 2023 starts at 11.00% per annum. Piramal home loan interest rates are offered on a floater as well as a fixed rate basis. The minimum loan amount starts at Rs. 5 lakh, and the maximum is up to Rs. 2 crore. The NBFC offers home loans for a maximum repayment tenure of up to 30 years. The borrower's profile including credit score decides  Piramal Finance interest rate. The applicant must pay a processing fee of up to 3% of the loan amount plus GST while submitting the home loan application. 

 

Piramal Housing EMI Calculator

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Piramal Home Loan Key Highlights

Amount of Loan Starts at Rs. 5 lakh up to Rs. 2 crore
Rate of Interest 11.00% p.a. onwards
Processing Fees

Up to 3% of the loan amount +GST

Max Tenure for Loan Repayment 30 years

Piramal Housing Finance Interest Rates in 2024

Piramal Housing Finance offers hassle-free housing loan schemes to salaried and self-employed applicants. The lowest Piramal home loan interest rate starts at 11.00% per annum. The tables given below highlight the Piramal housing finance interest rate 2023 for different categories of loan applicants.

Loan Category Rate of Interest on Home Loan
Salaried 11.00% p.a. onwards 
Self-Employed 11.00% p.a. onwards 
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Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants

Piramal Housing Finance Retail Prime Lending Rate (RPLR) is 20.42%

Loan Category Rate of Interest on Home Loan (p.a.)
All Loan 11.00% per annum onwards 

Piramal Super Home Loan Interest Rates

Loan Category Rate of Interest on Home Loan (p.a.)
All Loans 11.00% p.a. onwards 

Top-Up Loans Interest Rates

Loan Category Rate of Interest on Home Loan (p.a.)
Top-Up for Existing Bank Customers 11.00% p.a. onwards 

Interest rates were last updated on 28th November 2023

Piramal Housing Finance Interest Rates for All Schemes in India

Piramal Housing Finance Ltd. offers eligible applicants a wide range of home loan schemes. The table below will give you a clear idea of the home plan schemes offered by the bank and the standard rate of interest offered on each.

Piramal Home Loan Schemes Rates of Interest for Each Plan
Piramal Home Loan
  • 11.00% p.a. onwards
 
Piramal Home Construction Loan
  • 11.00% p.a. onwards
 
Piramal Extension Loan
  • 11.00% p.a. onwards
 
Piramal Home Renovation Loan
  • 11.00% p.a. onwards
 
Piramal Balance Transfer Home Loan
  • 11.00% p.a. onwards
 
Piramal Super Home Loan
  • 11.00% p.a. onwards
 

Piramal Housing Finance Interest Rates for Balance Transfer, Top Up and Overdraft

Piramal  offers three convenient types of home loan facilities to its customers who already have a home loan  with the bank, and these are listed below:

Piramal Home Loan Balance Transfer

Piramal Housing Finance offers an easy way for existing home loan borrowers from other banks and NBFCs to enjoy a lower interest rate at Piramal. For this, it offers the Piramal Balance Transfer Home Loan Scheme. The Piramal Housing Finance Balance Transfer home loan interest rate starts at 11.00% per annum. 

Piramal Home Loan Top-Up

Avail extra funds through Piramal top-up home loan schemes. These top-ups on home loans help existing home loan borrowers get additional funds to meet their professional and personal financial needs. The Piramal home loan top-up interest rate starts at 11.00% per annum.

Piramal Home Loan Overdraft Option

The Piramal Housing Finance overdraft facility is a valuable way through which existing home loan borrowers can arrange extra funds without applying for a fresh loan from the NBFC. The Piramal home loan overdraft interest rate starts at 11.00% per annum. 

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Compare Piramal Housing Finance Interest Rate with Top Banks

A little comparison of Piramal home loan interest rates with other competitor banks and NBFCs will make you more confident about your decision. So, here is a table that highlights the interest rates and processing fees of other established financial organizations in India providing home loans:

Bank/NBFC Rate of Interest on Home Loan Processing Fee
Bank of India Home Loan 8.30% p.a. onwards Nil (until 31 Dec 2023)
LIC HFC 8.50% p.a. onwards Up to 0.25% (Rs. 25,000 max)
Kotak Mahindra Bank 8.70% p.a. onwards Up to 1% of loan + tax
Tata Capital Ltd. 8.95% - 12.00% p.a. Up to 0.25% (Rs. 3,540 max)
ICICI Bank 9.00% p.a. onwards 0.50% of loan amount + tax

Piramal Housing Finance Balance Transfer Interest Rates

Piramal Housing Finance wants home loan borrowers to spend less on interest rates. So, it allows existing home loan borrowers to transfer their outstanding home loan amount to Piramal at a lower interest rate. This is done through the Piramal Balance Transfer Home Loan Scheme. 

Piramal housing finance balance transfer interest rates start at 11.00% per annum. Both salaried and self-employed can avail of this flexible facility from Piramal. Shared below is the easiest way to apply for a Piramal  balance transfer home loan:

  1. Go to the Repay Right section on the BASIC Home Loan website - Repay Right
  2. Enter the required information in the provided form and fill in the key details on the current outstanding loan amount, existing rate of interest per annum, new rate of interest per annum, existing loan repayment tenure, and existing EMI paid on the loan amount. 
  3. Click on Next once you have entered the required details on the form.
  4. You can see your total savings with the Piramal  Home Loan Balance Transfer option on the next page.
  5. Alternatively, you can get in touch with one of the team representatives of BASIC Home Loan, who can help maximize your savings with Piramal  Balance Transfer on home loans. 

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How to Calculate Piramal Housing Finance Interest Rates?

We suggest you determine the interest rate payable on a Piramal home loan plan by using the online home loan interest rate calculator available at EMI. Use this easy-to-use online EMI calculator to plan your monthly finances better without any confusion. The table below provides a detailed estimate of the EMI payable and the interest rate on Piramal  home loans:

Piramal Home Loan EMI Calculator 2023

Loan Amount Rate of Interest EMI for 10-Year Loan Tenure EMI for 20-Year Loan Tenure EMI for 30-Year Loan Tenure
Rs. 10 lakh 11.00% p.a. Rs. 13,775 Rs. 10,322 Rs. 9,523
Rs. 20 lakh 11.00% p.a. Rs. 27,550 Rs. 20,644 Rs. 19,046
Rs. 30 lakh 11.00% p.a. Rs. 41,325 Rs. 30,966 Rs. 28,570
Rs. 40 lakh 11.00% p.a. Rs. 55,100 Rs. 41,288 Rs. 38,093
Rs. 50 lakh 11.00% p.a. Rs. 68,875 Rs. 51,609 Rs. 47,616
Rs. 60 lakh 11.00% p.a. Rs. 82,650 Rs. 61,931 Rs. 57,139
Rs. 70 lakh 11.00% p.a. Rs. 96,425 Rs. 72,253 Rs. 66,663
Rs. 80 lakh 11.00% p.a. Rs. 1,10,200 Rs. 82,575 Rs. 76,186
Rs. 90 lakh 11.00% p.a. Rs. 1,23,975 Rs. 92,897 Rs. 85,709
Rs. 1 crore 11.00% p.a. Rs. 1,37,750 Rs. 1,03,219 Rs. 95,232
Disclaimer:

The figures in the table above are based on an 11.00% p.a. interest rate offered by Piramal. They may vary, however, based on the different interest rates offered by other banks, your monthly income, and other factors.

FAQ's

Yes, Piramal Housing Finance, like any other bank or NBFC, charges a processing fee on home loan applications. Besides, additional charges are set for various procedures followed in sanctioning the home loan to eligible applicants. 

Yes, you can negotiate the home loan interest rate with Piramal Housing Finance or try opting for a longer repayment tenure to get home loans at cheaper rates.

Interested home loan applicants can apply for a Piramal home loan by submitting the duly filled home loan application along with the required KYC documents at the nearest branch. Alternatively, they can contact the BASIChomeloan team online to get assistance in applying for a Piramal housing loan. 

Yes, Piramal home loan borrowers can avail of tax benefits under Section 80C of the Income Tax Act. According to this, the borrower gets a tax rebate of up to Rs. 1.5 lakh a year. 


At present, the Piramal home loan interest rate starts at 11.00% per annum. However, the NBFC might change the rates from time to time depending on the repo rate decided by the RBI.

The maximum loan repayment tenure for a Piramal home loan is up to 30 years. 

An existing home loan borrower must opt for a Piramal Balance Transfer Home Loan to enjoy lower interest rates and reduced monthly EMIs. 

Opting for a Piramal Finance home loan is beneficial in the following ways:

  • Affordable interest rate
  • Maximum loan amount up to Rs. 2 crore
  • Maximum loan repayment tenure up to 30 years
  • Minimum documentation
  • Flexible repayment period