Piramal Finance, also known as Piramal Capital and Housing Finance Ltd., provides personal loans starting from 12.99% per annum. You can borrow up to Rs 10 lakh with a repayment period of up to 5 years. This housing finance company offers instant personal loans for various needs like weddings, travel, home renovation, and debt consolidation. Applying for a Piramal Finance Personal Loan is easy with minimal paperwork, and you can get the funds quickly. Additionally, Piramal Finance has teamed up with mybankingtips.com to offer pre-approved personal loans to selected customers.
Up to ₹50L
12.99%
Upto 5 Years
Up to 4%
Piramal Finance Personal Loan rates begin at 12.99% per year. While specific details about how they determine rates based on factors like credit scores, monthly income, job type, and employer aren't openly shared, many lenders usually consider these aspects when deciding the interest rates for their borrowers.
Piramal Finance Personal Loan Highlights |
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Interest Rate | 12.99% p.a onwards |
Loan Amount | Up to Rs 50 lakh |
Loan Tenure | Up to 5 years |
processing Fees | Up to 4% of total loan amount + applicable taxes (payable before loan disbursement) |
Note: Interest rates as on 14 December 2024
Table of Contents | ||
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Compare interest rates offered by other lenders | ||
Fees and Other Charges | ||
Types Piramal Finance | ||
Eligibility Criteria | ||
Documents required | ||
EMI Calculator | ||
FAQs |
Banks/NBFCs | Interest Rates(p.a.) | |
---|---|---|
Axis Bank | 10.49% onwards | Apply Now |
IndusInd Bank | 10.49% onwards | Apply Now |
IDFC First Bank | 10.49% onwards | Apply Now |
HDFC Bank | 10.50% onwards | Apply Now |
ICICI Bank | 10.50% onwards | Apply Now |
Kotak Mahindra Bank | 10.99% onwards | Apply Now |
Tata Capital | 10.99% onwards | Apply Now |
Bajaj Finserv | 11.00% onwards | Apply Now |
Federal Bank | 11.49% onwards | Apply Now |
DMI Finance | 12.00% - 40.00% | Apply Now |
L&T Finance | 12.00% onwards | Apply Now |
Kreditbee | 12.25% - 30.00% | Apply Now |
MoneyTap | 12.96% onwards | Apply Now |
Piramal Finance | 12.99% onwards | Apply Now |
Aditya Birla | 13.00% onwards | Apply Now |
MoneyView | 15.96% onwards | Apply Now |
Cashe | 27.00% onwards | Apply Now |
Also read: Best Personal Loan Interest Rate
Here are the processing fees and other charges associated with Piramal Finance Personal Loans:
Loan Product | Interest rates (p.a.) | |
---|---|---|
Processing Fee | Up to 4% of total loan amount + applicable taxes (payable before loan disbursement) | |
Application/login processing fees (Non-refundable) | Rs 3,500 + applicable taxes |
Loan Product | Interest rates (p.a.) | |
---|---|---|
Processing Fee | Up to 4% of total loan amount + applicable taxes (payable before loan disbursement) | |
Part-prepayment / pre closure charges |
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Default interest rates | 2% per month on default of PEMII/EMI from date of default till date of actual payment. | |
Application/login processing fees (Non-refundable) | Rs 3,500 + applicable taxes |
Loan Product | Interest rates (p.a.) | |
---|---|---|
Default interest rates | 2% per month on default of PEMII/EMI from date of default till date of actual payment. | |
Rate of Interest conversion charges | 0.50% of the Loan outstanding + applicable taxes | |
Instrument dishonor charges for loan repayment | Rs 500 plus applicable taxes | |
CERSAI charges | Rs 500 plus applicable taxes | |
Loan Pre-closure Statement | Rs 1,000 plus applicable taxes | |
List of documents deposited with the lender | Rs 1,000 plus applicable taxes | |
Repayment schedule (applicable only for physical copies) | Rs 500 plus applicable taxes | |
Change of loan repayment mode | Rs 500 plus applicable taxes | |
Loan cancellation after cheque handover | Interest accrued & due + applicable taxes |
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Here are the eligibility criteria for individuals applying for Piramal Finance Personal Loans:
1. Salaried applicants must be aged between 21 to 60 years and should have a minimum work experience of 1 year.
2. For Piramal Finance Marriage Loans, applicants with a credit score of 750 and above have better chances of approval.
3. The minimum monthly income required for both Piramal Finance Marriage Loans is Rs 25,000.
1. Applicants must be aged 21 years and above with a minimum work experience of 6 months.
2. Those with credit scores of 750 and above are more likely to be approved for Piramal Finance Personal Loans.
3. The minimum monthly income required for applicants seeking Piramal Finance Personal Loans for Travel is Rs 25,000.
4. Existing customers of Piramal Finance can benefit from pre-approved personal loans from the lender.
1. Eligibility is open to prospective loan applicants aged 21 years and above.
2. Those applying for Piramal Personal Loans specifically for medical emergencies must have a minimum monthly income of Rs 25,000.
1. For Government Pensioners:
2. For Family Pensioners:
3. For Defence Practitioners:
1. Salaried applicants must be aged between 21 to 60 years and possess a minimum work experience of 1 year.
2. Applicants with credit scores of 750 and above are more likely to be approved for this loan facility.
3. The minimum monthly income required for both loan applicants availing Piramal Finance Marriage Loan is Rs 25,000.
1. Salaried applicants must be Indian residents.
2. Applicants should be aged between 21 to 60 years and have a minimum work experience of 1 year.
3. Those with credit scores of 750 and above are more likely to be approved for this loan facility.
4. The minimum monthly income required for both loan applicants availing Piramal Finance Personal Loan for Salaried is Rs 25,000.
1. Loan applicants must be Indian residents and should not have any outstanding education loans.
2. The course pursued should be approved by the Indian government, UGC, or AICTE.
3. The loan applicant should have secured at least 50% marks in both board examinations and the graduation course.
Also read: Best Personal Loan Eligibility
The documents required for applicants seeking Piramal Finance Personal Loans include:
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Piramal Finance looks at the credit scores of people applying for personal loans when deciding whether to approve their loan requests.
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To get a Piramal Finance Personal Loan, you need a minimum monthly salary of Rs 25,000. However, the lender hasn't specified the minimum income needed for Personal Loans for Pensioners and Students.
Also read: Best Personal Loan Salaried Employees