Piramal Finance offers home loans with interest rates starting from 9.5% per annum, providing an affordable pathway to homeownership. With loan amounts up to ₹2 crore and flexible repayment tenures extending up to 30 years, Piramal Finance caters to a diverse range of financial needs.
This combination of competitive rates and adaptable terms makes it a compelling choice for prospective homeowners.
Piramal Finance Home Loan Interest Rates by Employment
Piramal Finance adjusts home loan interest rates based on whether you are salaried, self-employed, or a professional. Here’s how your job type affects your rate.
Piramal Finance Home Loan Interest Rates for Salaried Employees
| Criteria | Salaried Employee |
|---|---|
| Age Range | 21 to 62 years |
| Nationality | Indian/NRI/PIO |
| Home Loan Interest Rate | 9.50% p.a onwards |
Piramal Finance Home Loan Interest Rates for Self Employed
| Criteria | Self Employed |
|---|---|
| Age Range | 23 to 70 years |
| Nationality | Indian/NRI/PIO |
| Home Loan Interest Rate | 9.50% p.a onwards |
Source: Piramal Capital & Housing Finance Home Loan EMI Calculator
Piramal Finance All Schemes Home Loan Interest Rates
Piramal Finance offers multiple home loan schemes, each with its own interest rate structure and features. Here’s an overview of the current rates for various Piramal Finance schemes.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan | 9.50% p.a. onwards |
| Home Construction Loan | 9.50% onwards |
| Home Renovation Loan | 9.50% onwards |
| Home Extension Loan | 9.50% onwards |
| Loan Balance Transfer | 9.50% onwards |
| Loan Against Property | 11.50% onwards |
All Schemes Offered by Piramal Finance: A Detailed Overview
Piramal Finance offers a variety of home loan options tailored for different needs, from In exchange of property to under-construction projects. Explore the best fit for you.
Piramal Finance Home Loan Interest Rates
- Streamlined process ensures quick approvals with minimal paperwork.
- Finance up to 90% of your property’s value, making homeownership more accessible.
| Features | Details |
|---|---|
| Minimum Loan Amount | ₹5 lakhs* |
| Interest Rate | 9.50% per annum onwards |
| Tenure | Up to 30 years |
| Eligible Applicants | Both salaried and self-employed |
Piramal Finance Home Construction Loan Interest Rates
- Ensures timely availability of funds to keep your construction project on schedule.
- Includes a reserve to manage unexpected costs during construction, providing financial security.
- Pay only the interest during the construction phase, with principal repayments starting after completion.
| Features | Details |
|---|---|
| Interest Rate | 9.50% onwards |
| Eligible Applicants | Both salaried and self-employed |
Piramal Finance Home Renovation Loan Interest Rates
- You can Borrow the amount between ₹5 lakh and ₹2 crore to suit various renovation needs.
- Benefit from fast loan processing to commence your renovation projects promptly.
- Simplified application process with minimal paperwork for a hassle-free experience.
| Features | Details |
|---|---|
| Interest Rate | 9.50% onwards |
| Eligible Applicants | Both salaried and self-employed |
Piramal Finance Home Extension Loan Interest Rates
- Eligible for tax deductions on both principal and interest components under applicable laws.
| Features | Details |
|---|---|
| Interest Rate | 9.50% onwards |
| Eligible Applicants | Both salaried and self-employed |
Piramal Finance Loan Against Property Interest Rates
- Funds can be utilized for various purposes, including business expansion, education, or medical expenses.
| Features | Details |
|---|---|
| Minimum Loan Amount | ₹2 crore onwards |
| Interest Rate | 11.50% onwards |
| Tenure | Up to 15 years |
| Eligible Applicants | self-employed |
Also Read: Loan Against Property Eligibility Criteria
How to Get Lowest and Best Piramal Finance Home Loan Interest Rates?
- Aim for a 750+ Credit Score to secure preferential rates.
- Select the Right Piramal Finance that matches personal requirements for cost efficiency.
- Leverage Special Concessions offered to government employees, women borrowers, and defense personnel.
- Use the Check-Off Facility for direct salary deductions, which may lower interest rates.
- Make a Higher Down Payment to reduce the principal and potentially get better terms.
- Watch Out for Festive Offers or promotional discounts from Piramal Finance.
- Keep Income Documents Updated for quicker approvals and more favorable rates.
- Maintain Steady Employment to boost financial credibility and rate eligibility.
- Build a Strong Relationship with Piramal Finance for possible preferential pricing.
- Always Negotiate to explore discounts on interest rates or processing fees.
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting- Protection against rising interest rates | – Typically, higher rates compared to floating- No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall- Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions- Costs may rise if rates increase |
| Hybrid | Combination of fixed and floating phases. | – Stability in the initial fixed period- Potential cost savings in the variable phase | – Transition from fixed to floating can carry uncertainties- May incur a shift-related fee |
How to Obtain Piramal Finance Home Loan Interest Certificate?
Loan statement can be obtained digitally in a short time using a simple process:
- Visit the Official Website
Go to Piramal Finance.
- Access the Menu (For Mobile Users)
If using a mobile device, tap on the “Menu” option. Desktop users can skip this step.
- Navigate to Customer Services
Click on the “Customer Services” tab to open a drop-down list.
- Select “Download Statement”
From the available options, choose “Download Statement.”
- Choose “Loan Agreement”
This will open a sub-menu—click on “Loan Agreement” to proceed.
- Enter Loan Details
You will be redirected to the “Loan Statement” page. Enter your Lead ID or Loan Account Number in the designated field.
- Submit and Access Your Statement
Ensure the details are correct, then click “Submit.”
- Download Your Statement
Once logged in, you can easily view and download your loan statement without any hassle.
Secure the Lowest Piramal Finance Home Loan Interest Rates with Credit Dharma
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions
Piramal Finance offers home loan interest rates starting from 9.50% per annum, depending on the borrower’s profile, loan amount, and tenure. The final rate is determined based on creditworthiness and other eligibility criteria.
The lock-in period for Piramal Finance home loans varies based on loan terms and lender policies. Typically, prepayment or foreclosure charges may apply if the loan is closed before a specified tenure.
You can reduce your home loan EMI by opting for a longer repayment tenure, making a higher down payment, transferring the loan to a lower interest rate lender, or prepaying part of the loan when financially feasible.
Piramal Finance home loan interest rates start at 9.50% per annum. However, the actual rate may vary based on borrower eligibility, income, credit score, and loan type. It’s best to check with Piramal Finance for the latest rates.
Visit the Piramal Finance website, fill out the online application, submit necessary documents, complete property verification, and sign the loan agreement. Once approved, the loan amount is disbursed directly to the seller’s account.
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