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Home Loan

Home Loans that put your dreams first

A home loan can act as a comprehensive solution to a home buyer. Piramal Capital and Housing Finance offer multiple financial solutions that can take you a step closer to your dream of having your own house. Simple and hassle-free application procedures, efficient customer care and dedicated relationship managers make the loan journey smooth.

Home Loan Features and Benefits Offered by Piramal Capital and Housing Finance

When there are plenty of home loan lenders, it may often seem overwhelming to select the one that would be most suitable for you. At Piramal Capital and Housing Finance, it is of great importance to us to offer our customers the best possible options to make achieving their goal of acquiring their home easier. Let us take a look at the highlighting features of a housing loan:

Easy Procedures

When you want to apply home loan from PCHF you simply need to fill in the application form and submit the listed documents. Very soon a relationship manager will get in touch with you and start the procedure as per your choice and convenience.

The option of an online home loan application has made the process quicker and simpler.

Minimum Documentation

To further ensure an easy and hassle-free process of a home loan application, PCHF requires minimal documentation.

Flexibility of repayment of the home loan

There are many options available when it comes to creating a home loan structure that suits your requirements. We allow a lot of flexibility in the loan tenure, prepayment and foreclosure as well.

Home loan EMI that fits your pocket

To make paying your home loan all the more convenient, we also offer you the choice to opt for a floating or a fixed interest rate when you opt for a home loan. With a loan up to 90% of the purchase price, you stand so much closer to turning your dream into a reality.

Loans for all

For salaried as well as self-employed individuals, PCHF offers the best deals possible when it comes to home loans.

Tax Benefits

Another major benefit that you can avail of when seeking a home loan is tax benefits. Under Section 80C of the Income Tax Act, 1961, you can claim up to INR 1.5 lakhs on the principal amount, registration cost and the stamp duty charges of the housing loan.

In the case of a joint home loan, each borrower (provided they are also the co-owner of the property) can claim up to INR 1.5 lakhs in an annual year.

Home Loan Interest Rate & Charges:

Let us now take a look at the home loan interest rates structure offered by Piramal Capital & Housing Finance.

Slab Home Loan Interest Rate
Up to INR 35 lakhs Starting From 10.50%* per annum onwards
From INR 35 lakhs to INR 75 lakhs Starting From 10.50%* per annum onwards
Over INR 75 lakhs Starting From 10.50%* per annum onwards

To help you understand how the interest rate structure would affect your home loan EMI, take a look at the following example, showing how much you would have to pay under different variables:

Loan Amount Tenure Rate of Interest EMI
INR 10 lakhs 10 years 10.5%* INR 13,493*
INR 25 lakhs 10 years 10.5%* INR 33, 734*
INR 50 lakhs 20 years 10.5%* INR 49,919*
INR 50 lakhs 25 years 10.5%* INR 47,209*
INR 75 lakhs 25 years 10.5%* INR 70,814*
*Terms & Conditions apply

Additional charges, if applicable, will be mentioned during the application process. For detailed fees & charges click here

Who Can Apply

The home loan eligibility criterion mainly depends on your employment. Take a look at the various aspects, you need to keep in mind:

  • Salaried employees

    Age

    • 21 years to 70 years
    • NOTE: This home loan can be availed only till an individual remains an income contributor.

    Employment

    Individuals working under the following can apply:

    • Government Institution
    • Private sector
    • Public sector
    • MNCs or related companies
    • Partnership Firms
    • Proprietorship concern
    • NGOs or related organisations

    Co-applicant

    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 only if they are coming in the capacity of Partners/Directors/Shareholder)
  • Self-employed individuals:

    Age

    23 years - 70 years

    Employment

    • Self-employed professionals (doctors, architects, etc)
    • Business owners, proprietors, partners of partnership firms, etc.

    Co-applicant

    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 only if they are coming in the capacity of Partners/Directors/Shareholder)

Documents Required for Home Loan:

When you apply for a home loan there are certain documents required for home loan that are mostly based on the profession/occupation of the applicant. However, most of them are common for all. Let us take a look:

  • Documents

    PAN Card

    Identity Proof

    Here is the list of the acceptable ID proofs -

    • Passport
    • Driving License
    • Aadhaar
    • Voter's Identity Card
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of photo / name

    Address Proof

    Here is a list of the acceptable Address proofs –

    • Passport
    • Driving License
    • Aadhaar Card
    • Voter's Identity Card
    • Utility bills like Telephone Bill /Electricity Bill etc.
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of photo / name and address.

    Property-Related Documents

    • Stamped agreement of the sale/ Sales Deed or the letter of Allotment
    • NOC from the builder/ housing society
    • Possession Certificate
    • Detailed Construction cost estimation
    • Bank Account statement
    • In case of Constructed Apartment - Occupancy Certificate

    Passport Size photographs

Frequently Asked Questions

  • How can I get an estimate of the loan amount?

    The simplest way to calculate the home loan eligibility and the home loan EMI is to make use of the Calculator available on our portal. It is a free online tool that allows you to plan the home loan in an efficient and clearer manner.

  • Are there any tax benefits on the home loan?

    Under Section 80C of the Income Tax Act, 1961, you can claim up to INR 1.5 lakhs on the principal amount, registration cost and the stamp duty charges of the housing loan.

  • Can I get a home loan for the entire amount?

    No. Under the guidelines of the RBI, a lender cannot lend 100% of the home loan. Depending on the lender you have opted for, you may be able to take a home loan for about 80% to 90% of the purchase price of the property. You would, however, have to make a down payment of the remaining amount on your own.

  • What is the maximum loan tenure and loan amount offered by Piramal Capital and Housing Finance?

    Piramal Capital and Housing Finance offers home loans that can go up to INR 75 lakhs for a tenure of 25 years.

From homeowner’s heart