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Piramal Suvidha EMI

Now avail the convenience of paying lower EMIs!

Every business has unique cash flow requirements and we at Piramal understand that. In order to make repayment more convenient for you, we present Piramal Suvidha EMI. The unique feature of this product is the fortnightly repayment that lets you repay on the 1st and 16th of every month. This also means the repayment instalments are smaller and lighter to shoulder. If smaller repayments at shorter intervals is the ideal match for your cash flow requirements, Piramal Suvidha EMI is the right secured business loan for you.

Key features

Flexibility in repayments
Repayment every 15 days
Additional Savings in Repayment
Switch between fortnightly & monthly repayment options


  • Self-employed


    • Minimum Age- 23 years
    • Maximum Age- 70 years

    Employment Type

    • 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, Director of listed Public companies will be treated as Salaried

    Documents needed

    • Last 2 Years ITR With Compitation / CA Audited Financials Where Ever Applicable
    • KYC Documents
    • Form 16
    • Bank statements for the last 6 months.
    • Documentation pertaining to the property offered as collateral.

Interest Rate

Interest Rate
Customer Type Rates
Salaried / Self Employed Interest Rates starting from 12.5%* p.a
Fees & Charges
Fees & Other Charges as applicable on application/ during the term of Loan are as under. These are subject to modifications from time to time as decided by Lender as per its internal policy and any such modification shall be notified by the Lender through its website or its branches or such other medium as Lender may consider appropriate
Schedule of Fees & Other Charges Details
Processing Fees
  • Non-home Loan: Processing Fees up to 4 % of Loan amount + applicable taxes (payable before disbursement of Loan)
  • On cancellation or withdrawal or rejection of loan application (prior to handing over of loan cheque) minimum of Rs. 5000/- + applicable taxes or the initial processing fee, whichever is lower, will be held back.
Part Payment/Pre-closure charges
  • Non Home Loan (for the purpose other than business) availed by Individual/s at Floating Rate of Interest: No charges.
  • Non home loan for business purposes availed by individual/s at floating rate of interest: 4% of principal amount of Loan being prepaid + applicable taxes.
  • Non Home Loan availed by Non Individual as a borrower at Floating/Fixed Rate of Interest: 4% of 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. 1000/- + 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. 5000/- + 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. 500/- + applicable taxes
Retrieval of original property documents Rs. 500 + 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"
For detailed fees & charges and other Terms & Conditions click here


  • Self-employed

    Applcation Form

    Application form with a recent photograph

    Proof of Identity

    • Passport
    • Driving License
    • Aadhaar
    • Voter's Identity Card

    Proof of Income

    • 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 is mandatory. Additionally, WOMAN co-applicant is mandatory in certain cases

    • Co‐applicant can be spouse or any first blood relative like parents, siblings, children who have attained age of maturity (s.t. income-ownership grid)
    • All co-owners of property should be on loan structure
    • Friends cannot be co‐applicants (allowed ony if they are coming in the capacity of partners/Directors/Shareholder)

Suvidha EMI Calculator

  • Enter the loan amount
  • Enter the loan tenure (in months)
  • Enter the rate of interest and calculate your EMI
Suvidha EMI

Risk Gradation

All "Borrower/s" on the loan facility are hereby informed that the company has the following approach and considers the following factors for assessing the gradation of risks for each Borrower:

  • Profile, the market reputation of the borrower including usage of internal credit scoring models leveraging traditional approaches like Bureau performance as well as alternative data sources,
  • Inherent nature of the product, type/nature of the facility, refinance avenues, whether the loan is eligible for bank financing, loan to value of asset financed,
  • Tenure of relationship with the borrower, past repayment track record, and historical performance of our similar clients,
  • Overall customer yield, future potential, repayment capacity based on cash flows and other financial commitments of the borrower,
  • Nature and value of primary and secondary collateral/security,
  • Type of asset being financed, end use of the loan represented by the underlying asset,
  • Interest, default risk in the related business segment,
  • Regulatory stipulations, if applicable, and
  • Any other factors that may be relevant in a particular case
  • Tenure, quantum, repayment schedule, and structure (including proposed moratorium, if any) of the proposed loan

The rate of interest for the same tenor for different clients can be different depending upon the combination of one or more factors listed above.

Frequently Asked Questions

  • What is a loan against property?

    The loan you take by keeping a self-owned property as collateral is called a loan against property (LAP) or a secured loan. The value of the property determines the amount of loan that can be sanctioned. The property will be owned by the lenders if you are unable to pay the loan.

  • How does a lender decide the amount given as a loan against property?

    Lenders look at your repayment capability and asses your eligibility based on your income, age, employment stability, and other assets and liabilities. The loan doesn’t exceed more than 60% of the property market value. With a co-applicant, a higher amount can be lent.

  • What can a loan against property be used for?

    A secured loan is a low risk for banks, therefore there are faster approvals and lower interest rates. 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.

  • What types of property can be availed under a loan against property?

    You can avail loan on property using

    • Self-owned residential properties
    • Self-owned and self-occupied residential properties
    • Self-owned but rented residential properties
    • Self-owned commercial properties
    • Self-owned but rented commercial properties
    • Self-owned plots
  • What are the documents necessary to avail a loan against property?

    The necessary documents for a secured loan are (may vary for salaried and self-employed professionals):

    • Identity Proof (PAN card is mandatory)
    • Address Proof
    • Proof of income
    • Property documents

From homeowner’s heart