Piramal Housing Finance - 9.50% for Home Loan - New Purchase Home Loan

Piramal Housing Finance is a large HFC with the lowest home loan percentage rate in India.

Currently, the Bank Offers home loans starting with the 9.50% p.a.* with quick approval.

Home Loan in Piramal Housing Finance is quite popular with its special features and attractive rates under the various Piramal Housing Finance home loan schemes for the different occupations and income groups.

Below Are The Details of the Piramal Housing Finance:

Interest rate	9.50%* p.a.
Loan Tenure	Up to 30 years
Processing Fee	Up to 1% of the loan amount

 

Some of the key features of the Piramal Housing Finance:

1. Loan Available to both salaried and self-employed.

2. Special rates for women borrowers.

3. Borrowers within the age group of 23 and 60 years.

4. Security: Mortgage of property you are planning to purchase, renovate or construct.

5. Loan Tenure can range from 5 to 30 years.

 

Piramal Housing Finance home loan interest rate depends upon the loan amount, salary and occupation of the borrower, nature of the property,  and type of home loan scheme.

1. Loan amount: 

Piramal Housing Finance home loan rate depends upon the loan amount you apply for.

 

2. Occupation: 

Piramal Housing Finance offers lower rates for salaried borrowers as compared to self-employed borrowers.

 

3. Salary:

 Income helps in identifying the amount of loan that you can be eligible for. The bank's rate varies with your monthly income.

The higher the income, the lesser the rate, and the higher will be the loan amount.

 

Piramal Housing Finance Home Loan Processing Fee and Other Charges:

In addition to interest rates, home loans from Federal banks also carry some other charges which include:

Processing Fee –

Piramal Housing Finance applies processing charges to account for its expenses incurred for conducting a credit appraisal and completing the lending process.

 

Technical and Legal Charges -

Piramal Housing Finance also charges technical and legal charges which are explained to the customer during the loan process.

Once you go through the loan application process, you will need to pay these charges based on Piramal Housing Finance rules.

 

Prepayment Charge- 

If you decide to foreclose or transfer your housing loan to another bank, you need to apply for the same to Piramal Housing Finance.

As per RBI rules, banks are not allowed to charge prepayment penalties on floating-rate home loans. Hence, you can prepay your home loan with Piramal Housing Finance.

 

Piramal Housing Finance Home Loan:

Apply:

If you want to get a home loan from, Piramal Housing Finance the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at Apnarupee.com.

We are a channel partner of all top banks in India including HDFC, SBI, Axis Bank, etc.

You will also be assisted by an Apnarupee.com home loan advisor to ensure that the entire lending process is smooth and quick and you get the best house loan from Piramal Housing Finance.

You can also do a comparison of Piramal Housing Finance Home Loan Interest rates and other charges using the Apnarupee.com comparison tool.

Once you apply online, you can check the real-time status of your home loan application in your customer account section of Apnarupee.com.

 

Piramal Housing Finance Home Loan Documents:

For Salaried employees:

1. Fill up the loan application form.

2. Two Passport Size Photo

3. ITR of last 2 years

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport

6. Income Documents – 6 months pay lip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

 

For Self-Employed:

1. Fill up the loan application form.

2. Two passport-size photos.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Piramal Housing Finance Loan Schemes:

1. Piramal Housing Loan

Purpose:

Loans for house purchase, house construction, and extension/renovation of an existing house/flat

Repayment period of up to 30 years.

 

2. Piramal Home Construction Loan

Purpose:

Loans for the construction of a house

 

3. Home Renovation Loan

Purpose:

Loans for renovating or improving a house

 

4. Home Extension Loan

Purpose:

Loans for adding more space (such as extra room(s) or floor) in a house

 

5. Home Loan Balance Transfer

Purpose:

Loans for existing home loan borrowers who want to transfer their existing home loan to Piramal Capital & Housing Finance at a lower rate of interest

An added advantage of top-up available

 

6. Piramal Money Saver Home Loan:

For the purchase of under-construction/resale/ready house, self-construction, plot plus construction, or for home improvement

 

7. Super Home Loan:

The loan is sanctioned after factoring in an applicant’s current income, potential earnings, and future growth prospect

 

7. Gruh setu Home Loan:

The loan is sanctioned after factoring in an applicant’s current income, potential earnings, and future growth prospect

 

Frequently Asked Questions:

 

Q. What are the documents required for a home loan Piramal Housing Loan?

Ans. To apply for a Piramal Home Loans home Loan, you will required to submit Piramal Home Loans home loan documents such as a home application form with attested photographs along with various other documents such as identity proof, bank statements, residence proof, property papers, and loan account statements if any.

 

Q. What Is the Maximum Loan Tenure I can opt for under Piramal Home Loans?

Ans. Tenure or Piramal Home Loans vary from 5 to 30 years.

The lending institution decides on home loan tenures based on several factors and eligibility criteria.

 

Q. Which is the best Piramal Housing Finance Home Loan Scheme?

Ans. Choosing the best Piramal Housing Finance home loan scheme is subjective to the requirements of the home loan applicant.

for instance, there are different home loan offers for the purchase, construction, and renovation of a home.

Thereby choosing the best piramal housing finance home loan scheme is based on one’s needs.