Piramal Loan Against Property

Piramal Loan Against Property comes up as a convenient option to help people grow businesses and meet other personal financial needs such as a child’s education or health emergencies. The rate of interest on Piramal LAP starts at 11.50% per annum. The maximum loan amount that can be availed under the Piramal Finance loan against property is Rs. 2 crore for a maximum tenure of 15 years. 

Piramal Home Loan EMI Calculator

Avoid confusion get it right with BASIC

1 Lac10 cr

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

Appy for Piramal home loans at low interest rate
Apply Now

Piramal Loan Against Property Interest Rate

A significant aspect of a loan against property is its interest rate, which plays a crucial role in determining the affordability and overall cost of the loan. Piramal loan against property interest rate starts at 11.50% per annum and may vary depending on the loan amount,  tenure, credit history, and other criteria.
The Piramal LAP interest rate 2024 is mentioned below for your quick reference:

Rate Package Rate of Interest
Floater 11.50% per annum onwards 
Fixed 11.50% per annum onwards 
Appy for Piramal home loans at low interest rate
Apply Now

Piramal Loan Against Property Eligibility Criteria

The eligibility criteria for a loan against property are designed to safeguard the interests of both the lender and the borrower. For lenders, these criteria help in managing risk, ensuring legal compliance, and maintaining financial stability. For borrowers, meeting these criteria ensures they are not overburdened with debt. Overall, it helps promote a healthy lending environment. 

Have a look at the table below to understand the Piramal loan against property eligibility:

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 21 - 62 years 23 - 70 years
Nationality Indian Residents Indian Residents
Minimum Income Earned Nothing specific Nothing specific
Credit Score 700 or above (preferred) 700 or above (preferred)

Piramal Loan Against Property Fees and Charges

Paying a processing fee to banks and NBFCs for a LAP is standard practice and necessary for several reasons. It helps these lenders recover their administrative costs, operational expenses, and other costs. The Piramal loan against property processing fees and other charges can be clearly understood through the table below: 

Processing Fee

Up to 3% of the loan amount + applicable taxes

Part-Prepayment Charges

Rs. 1000 + GST

Photocopy of Documents

Rs. 500 + GST

Cancellation of Loan Application Charges

Rs. 5000 + GST

Repayment Instrument Dishonour Charges

Rs. 500 + GST

Legal Fees

As per actuals + GST

Custodial Charges

Rs. 500 + GST

Copy of Account Statements

Rs. 500 + GST

No Due Certificate
  • 1st Time: Free
  • 2nd Time onwards: Rs. 500 + GST
CERSAI Charges

Rs. 500 + GST

Loan Repayment Schedule Charges

Rs. 500 + GST

Appy for Piramal home loans at low interest rate
Apply Now

Get a Free Consultation from BASIC Home Loan


Tell us about your requirements

Compare Interest Rates on Loan Against Property for Top Banks & NBFCs

A little comparison of Piramal Finance LAP interest rate and processing fee with other competing banks and NBFCs makes sense for an informed decision. You will not only be able to feel more confident about your decision to choose Piramal LAP over others but also be able to figure out the affordability of the loan with this comparison:

Bank/ NBFC Name Rate of Interest Processing Fee
Piramal Housing Finance 11.50% p.a. onwards  Up to 3% of the loan amount + applicable taxes  
SBI 10.00% - 11.30% p.a.  1% of the loan amount 
Axis Bank 10.40% - 12.75% p.a.  1% of the loan amount or Rs. 10,000 (whichever is higher) 
ICICI Bank 10.85% - 12.50% p.a.  1.50% of the loan amount or Rs. 11,000 (whichever is higher) 
Bank of Baroda 10.85% - 18.60% p.a.  1% of the loan amount  
Bank of India 11.35% - 12.85% p.a.  1% of the loan amount 
reach reach reach reach

Get Home Loan Starting at 8.5%*

Documents Required For Piramal Loan Against Property

Like all other lenders, who ask for a variety of documents when approving a loan against property, Piramal Finance also has a set of document requirements that applicants are required to submit. You can have a look at the Piramal loan against property documents required list given below and arrange for the same before applying for one:

1. For Salaried Loan Applicants

  • Identity Proof: Aadhaar Card, Passport, Voter ID Card, PAN Card, etc
  • Address Proof: Latest Electricity Bill, Phone Bill, Ration Card
  • Income Proof: Salary Slips for 3 months, Bank Account Statements for 6 months, Latest ITR/ Form 16
  • Documents of Property: Approved Plan, Title Deeds, No Encumbrance Proof, and so on
  • Other Documents: Processing Fee Cheque, Duly-Filled Application Form with recent passport size photograph, Appointment Letter

2. For Self-Employed Loan Applicants

  • Identity Proof: Like Aadhaar Card, PAN Card, Passport, and Voter ID Card
  • Address Proof: Latest Electricity Bill, Phone Bill, Ration Card
  • Income Proof: ITR/ Form 16 for 3 years, Profit and Loss Account Statements and Balance Sheets for 3 years, Savings Account Statement/ Current Statement of the Business Entity for 6 months, Business Profile, Form 26AS
  • Documents of Property: Approved Plan, Title Deeds, No Encumbrance Proof, etc.
  • Other Documents: Processing Fee Cheque, Duly Filled Application Form with a recent passport-size photograph, Declaration and Documents mentioning the end use of the loan, Partnership Deed if the business entity is in partnership, and the List of Stakeholders

How to Apply for a Piramal Loan Against Property

You can easily proceed with the Piramal loan against property apply online procedure in the following manner:

  1. Visit the official website of BASIC Home Loan and click on the Apply Now section
  2. Opt for the ‘Loan Against Property’ option under ‘Tell us about your requirements’ on the next displayed page 
  3. Fill in the details on the online form and click ‘Next’
  4. The BASIC Home Loan team will then contact you for further process in applying for a Piramal Home Loan Against Property 

Find Aditya Birla Home Loan Offices Near You

Aditya Birla Housing Finance has over 120 branches PAN-India helping people buy their dream homes. You can search online for -  Aditya Birla Housing Finance Near Me and easily locate a branch near you. Alternatively, you can fill in the Free Consultation Form on the official portal of BASIC Home Loan, and the team will assist you with a better understanding of the loan procedure and to apply for the same.


Interest rates and fees on home loans vary based on eligibility and lender criteria. All applicable fees and charges are subject to relevant taxes and can change at the lender’s discretion. For the most current information on home loan interest rates, processing fees, other applicable charges, and updates on eligibility criteria and loan offers, please visit the official website of the bank.


Piramal Finance offers both fixed and floating rates of interest on a loan against property. 

Yes, a processing fee is mandatory in most cases to avail of a loan against property from Piramal Finance. 

Interested applicants may put their residential, commercial, or industrial properties on the mortgage for a Piramal loan against property. 

You can increase your eligibility for a Piramal Housing Finance loan against property by improving your credit score, maintaining a stable income, reducing existing debts, and opting for a longer tenure. 

Interested people may contact customer care for a Piramal loan against property at the toll-free number 1800 266 6444.