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Piramal Finance Home Loan Highlights
| Particulars | Details |
| Interest Rate | 9.50% p.a. onwards |
| Loan Amount | Rs 5 Lakh to Rs 2 Crore |
| LTV Ratio | 75% to 90% of property value |
| Loan Tenure | Up to 30 years |
| Processing Charges | Up to 1% of the loan amount |
Note: Interest rates as of 19 February 2025
Piramal Housing Finance Rate of Interest
Piramal Finance home loan interest rate is 9.50% p.a. onwards. While the Piramal Capital and Housing Finance Ltd. has not disclosed the interest rate break based on the credit score and occupation profile of its loan applicants, lenders usually consider these factors while setting the home loan interest rates of their applicants.
Compare Home Loan Interest Rates vs Other Lenders
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.25%-9.40% p.a. | 8.25%-9.40% p.a. | 8.25%-9.40% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Bajaj Housing Finance | 8.25%-17.00% | 8.25%-17.00% | 8.25%-17.00% | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Punjab National Bank | 8.20% - 10.00% p.a. | 8.15% - 9.90% p.a. | 8.15% - 9.90% p.a. | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Bank of Baroda | 8.15% - 10.40% p.a. | 8.15% - 10.40% p.a. | 8.40% - 10.65% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Piramal Housing Finance Loan Processing Fee & Charges
The home loan processing fees along with the other charges are illustrated in the following table.
| Particulars | Details |
| Processing Fees | – Home Loan: Processing Fees up to 3% of Loan amount + applicable taxes (payable before disbursement of Loan). |
| – On cancellation or withdrawal, or rejection of loan application (before handing over of loan cheque) minimum of Rs 5,000 + applicable taxes or the initial processing fee, whichever is lower, will be held back. | |
| Part Payment/Pre-closure charges | – Home Loan (for a purpose other than business) availed by Individual/s at Floating Rate of Interest: No charges. |
| – Home Loan availed by Individual/s at Fixed Rate of interest: 2% of the principal amount of Loan being prepaid+ applicable taxes. No prepayment charges shall be payable for partial or complete payments made from your own sources. The expression “own sources” for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution. The Borrower will be required to submit such documents that the Lender may deem feet and proper to ascertain the source of the fund. | |
| – Home Loan availed by Non-individual as a borrower at a Floating or Fixed Rate of Interest: 2% of the principal amount of Loan being prepaid+ applicable taxes. | |
| Loan repayment instrument dishonour charges | Rs 500 + applicable taxes |
| CERSAI charges | Rs 500 + applicable taxes |
| Loan Pre-closure Statement | Rs 1,000 + applicable taxes |
| List of documents deposited with the Lender | Rs 500 + applicable taxes |
| Loan Repayment Schedule | Rs 500 + applicable taxes |
| Change of Loan repayment mode | Rs 500 + applicable taxes |
| “Re-scheduling Loan terms (e.g. EMI Date change / EMI increase /Lowering of Tenor” | Rs 5,000 + applicable taxes |
| No Due Certificate issuance charges | 1st time free; subsequently Rs. 500 + applicable taxes |
| Statement of Account | Free once a year; subsequently Rs.500 + applicable taxes |
| Photocopy of documents | Rs 1,000 + applicable taxes |
| Retrieval of original property documents | Rs 2,000 + applicable taxes |
| Additional Charges | 2% p.m. on Outstanding Amount for the non-compliance of any terms and conditions of the Transaction Documents by the Borrower, for the period beginning the date of such noncompliance until the same is cured to the satisfaction of the Lender + applicable taxes |
Documents Required to Apply for Piramal Home Loan
Below-mentioned are the lists of documents for salaried as well as self-employed applicants.
For Salaried
| Particulars | Details |
| Application Form | Application Form Dully filled along with a passport size photograph |
| Identity Proof | Passport, Driving License, Aadhaar Card, Voter’s Identity Card, Job card issued by NREGA, Letter issued by the National Population Register containing details of photo/name and address. |
| Proof of Residence | |
| Income Proof | – Last 3 Months Salary Slips
– 2 Years Form 16 – 6 Month Bank Statement With Salary Credit – Bank statements for the last 6 months and salary slips – Documentation pertaining to the property offered as collateral |
| Co-applicant’s details | – Co‐applicant of joint home loan can be a spouse or any first blood relative like parents, siblings, children who have attained the age of maturity
– Friends can only be allowed as co-applicants if they are coming in the capacity of Partners/Directors/Shareholder) |
For Self-Employed
| Particulars | Details |
| Application Form | Application Form Dully filled along with a passport size photograph |
| Identity Proof | Passport, Driving License, Aadhaar Card, Voter’s Identity Card |
| Income Proof | – Last 2 Years ITR With Computation
– CA Audited Financials Where Ever Applicable – 6 Months Primary Bank Statement |
| Proof of Residence | Passport, Driving License, Aadhaar Card, Voter’s Identity Card, Utility bills like Telephone Bill /Electricity Bill etc. |
| Co-applicant’s details | – Co‐applicant can be a spouse or any first blood relative like parents, siblings, children who have attained the age of maturity
– Friends can only be allowed as co-applicants if they are coming in the capacity of Partners/Directors/Shareholder |
*Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases
Piramal Home Loan Eligibility Criteria
For Salaried
- Minimum Age- 21 years
- Maximum Age- Income contributor (Govt employee) – 70 yrs (if pension considered), Income contributor (Others) – 62 yrs (or restricted to retirement age)
- Working in a Govt. institution, Public Sector Undertaking, Private Sector Companies such as Limited Companies / Private Limited companies, MNC, Partnership firm / LLP, Proprietorship concern (Individual / HUF), Institutions run by Trust / NGO / Society / others
For Self-Employed
- Minimum Age- 23 years
- Maximum Age- 70 years
- Self Employed Professionals: Qualified doctor (MBBS/MD/MS), CA, and Architect, Self-employed Non-Professionals, Business Owners, Proprietorship, Partners of Partnership Firm and Promoter/Director of closely held private and public limited companies. However, the Director of listed Public companies will be treated as Salaried.
Besides the aforementioned home loan eligibility criteria, PCHFL may also look into the age, credit score, job profile, employer’s profile, monthly income, etc. parameters for evaluating its applicants’ home loan eligibility, just like other banks and HFCs do.
Piramal Housing Finance EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Types of Piramal Home Loan
Housing Loan
- A regular home loan scheme availed for the purpose of house purchase, house construction and extension/renovation of an existing house/flat
- Repayment period of up to 30 years
- Financing of up to 90% of the property construction cost
Home Construction Loan
- Home construction loan is a regular home loan scheme with quick disbursal for construction of house on an already owned plot
Home Renovation Loan
- Home renovation loan is offered for home improvement/renovation purposes
Home Extension Loan
- Home extension loan is offered for extending or adding more space in an existing house property such as adding extra room(s) or a floor
Home Loan Balance Transfer
- Home loan balance transfer is for existing home loan borrowers who want to transfer their existing home loan to PCHFL at a lower rate of interest
- Home loan top-up is also available to existing Piramal housing loan borrowers to meet the personal expenses like wedding, medical treatment, education, etc.
Piramal Home Loan Customer Care
Toll-Free Number:
1800 266 6444
(Timings: 9:00 A.M. to 6.30 P.M.; Closed on Sundays & Public Holidays)
E-mail ID: customercare@piramal.com
WhatsApp Number: To get started, send ‘Hi’ to 7799000390.
Click on Piramal Finance Home Loan Customer Care/Grievance Matrix to learn more about the customer care and grievance redressal process of Piramal Finance Home Loan.
FAQs on Piramal Home Loan
What interest rate does Piramal Housing Finance offer on home loans?
Piramal Housing Finance offers home loans starting at 9.5% per annum. The final interest rate offered by the housing finance company will depend on factors such as the desired loan, amount, LTV ratio, applicant’s credit score, employment type, etc.
What is the maximum home loan tenure and loan amount offered by Piramal Finance?
Maximum loan amount that Piramal Finance can offer to its customers is Rs 2 crore. The maximum home loan repayment period offered by the lender can go up to 30 years.
How to apply for a home loan at Piramal Capital and Housing Finance Ltd.?
To apply for Piramal Home Loan, submit the duly filled loan application form along with the required set of documents at its nearest branch. Alternatively, fill out an online loan application form available at the lender’s official website.
Do I get any tax benefit on the Piramal home loan?
Yes, under Section 80C of the Income Tax Act, Piramal home loan borrowers can claim tax deduction of up to Rs 1.5 lakh each financial year on the home loan principal amount repaid. Under Section 24(b), they can claim deduction of up to Rs 2 lakh on the home loan interest paid in a financial year.
How can I estimate the eligible home loan amount?
Lenders assess your eligible home loan amount based on your income, loan tenure, interest rates, existing monthly EMI obligations (if any) and the EMI/NMI ratio prescribed by the bank. Instead of or in addition to using the EMI/NMI ratio, some lenders also use the multiplier method to assess your eligible home loan amount.
Also, your eligible home loan amount may vary across lenders as factors that determine loan amounts such as interest rates, EMI/NMI ratio, etc. may also vary from one lender to another. Therefore, use the online home loan eligibility calculator of the respective lender to determine your home loan eligibility.
Can Piramal Capital and Housing Finance increase the tenure of my existing home loan?
Piramal Capital & Housing Finance has not disclosed the guidelines or rules for extending the tenure of an existing home loan. However, many lenders allow borrowers to extend the tenure of their home loan, provided the revised repayment tenure remains within the maximum tenure offered by the lender or the maximum age allowed at the time of loan maturity.
However, before opting for tenure extension, you should know that extending your loan tenure will lower your credit score and, therefore, reduce your eligibility to obtain loans and credit cards in the future. The reason behind this is that your request for tenure extension will be treated as loan restructuring and credit bureaus will consider it as a negative credit event. Therefore, credit bureaus will lower your credit score if you opt to extend your home loan tenure.
How can I pay my Piramal Home Loan EMIs online?
Piramal home loan applicants can pay their Piramal Home Loan EMIs by logging in on this link – https://www.piramalfinance.com/account.
How can I pay the EMIs of my Piramal Home Loan?
The lender has not specified payment methods for Piramal Home Loan EMIs. However, common options include issuing Standing Instructions (SI) to your bank for automatic payments, submitting post-dated cheques, or opting for salary deduction through your employer.
How can I check the status of my Piramal home loan application?
Piramal home loan applicants can check their loan application status by logging in on this link – https://www.piramalfinance.com/account.
How to log in to Piramal home loan account?
To log in to your Piramal home loan account, first follow this link – https://www.piramalfinance.com/account. Then, enter the mobile number linked with your loan account.
What is the Piramal Finance Home Loan customer care number?
Customers can reach Piramal Finance by calling on their toll-free number – 1800 266 6444.
What are Piramal home loan foreclosure charges?
RBI has barred lenders from levying pre-payment charges on floating rate home loans. However, there is no such restriction on fixed rate home loans. Therefore, there are no charges applicable to Piramal Home Loans lent on floating interest rates whereas the lender will charge a foreclosure fee of up to 2% of the loan amount being prepaid on its fixed rate home loans.
What is the procedure to close Piramal home loan?
The lender has not revealed the home loan closure procedure on its website. The borrower should contact the housing finance company to know about the home loan closure procedure.