Piramal Capital Housing Finance - 10.75% for Loan Against Property - Loan Against Industrial Property

Primal Housing Finance Loan against Property:

Primal Housing finance is one of the largest HFC in the Country that offers the lowest rates on loan against property.

Currently the bank offers the loans starting from 10.75%*p.a. with the quick approval and easy process.

The bank offers the special features and the attractive rates for different income and occupation groups.

Interest Rate	10.75%* p.a

Piramal First Bank is one of the largest private bank in country that offers the lowest rate on loan against property.

Currently the bank, offers loans starting from 11.50% p.a. onwards with the quick approval easy process.

The bank offers special features and attractive rates for different income and occupation groups.

 

Piramal Loan against Property key features:

1. Business Loans funding across a wide range of collaterals and different types of properties

2. Quick sanctions and smooth processes: You run your business, we will take care of the formalities

3. Higher eligibility, maximum loan amount: Our comprehensive assessment allows us to give you the maximum loan possible

 

Loan Amount	Rs. 25 Lakh to Rs.5 Cr
Interest Rate	10.75%* p.a
Tenure	20 years
Processing Fee	up to 4 % of Loan amount + applicable taxes (payable before disbursement of Loan)
Age	23 To 60 years

 

Factors Affecting Loan against Property Interest Rates:

Loan amount: 

Property loan rates in Piramal Housing Finance depend upon the loan amount you apply.

 

Your Net Monthly Income: 

Income helps you in identifying your rate of interest. Higher the income, higher will be your repayment capacity increasing your eligibility for higher loan amount.

 

Type of loan opted for: 

Piramal Housing Finance offers differential rates for customer’s different profiles and also fixed and floating rate schemes. Loan against property interest rates may be higher or lower for special loan products.

 

Type of property: 

Typically, loans against prime residential properties are easier to get and can be availed at the lowest rates compared to loans against commercial and industry properties.

 

Your profession:

Piramal Housing Finance may charge a higher interest rate on a mortgage loan to a salaried person than a self-employed professional or a businessman.

A self-employed professional or businessman is expected to deploy loan proceeds for productive purposes in his occupation or

business compared to salaried people who will most likely take a mortgage loan for his personal Purposes.

 

Piramal Housing Finance Loan against Property Documents Required:

For Self-Employed:

1. Filled up loan application form

2. Two Passport Size Photo

3. ITR of last 3 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. 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

 

For Salaried employee:

1. Filled up 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’ pays lip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

 

Property documents:

1. Registered Sale Deed/ Conveyance/ Lease Deed

2. Past Sale Deeds Chain (each transaction in respect of this property since first allotment

3. Latest House Tax Return/ Receipt

4. Approved Building Plan from Municipal Corporation

 

Frequently Asked Questions:-

 

Q. What is Piramal Housing Finance loan against property rate?

Ans. Piramal housing finance offers loan against property at a rate of 11.50%* with the lowest rate.

 

Q. How to increase my eligibility on Piramal Housing Finance loan against property loan?

Ans. If your spouse or family member is earning well, you can make you’re the spouse or family member the co- applicant for your loan.

The combination of both of your income will help you in increasing your eligibility to get a loan.

 

Q. How to increase my eligibility on Piramal Housing Finance loan against property loan?

Ans. If your spouse or family member is earning well, you can make you’re the spouse or family member the co- applicant for your loan.

The combination of both of your income will help you in increasing your eligibility to get a loan.

 

Q. What can a Loan against Property be used for?

Ans. With a loan on property, you can use it for any purpose, similar to a personal loan.

From renovating your home, starting a business, funding medical expenses or even going on a long vacation, you can take a loan to fulfil all your needs.