Home Loans that put your dreams first
A home loan can act as a comprehensive solution to a home buyer. Piramal 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.
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 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:
Let us now take a look at the home loan interest rates structure offered by Piramal Finance.
|Slab||Home Loan Interest Rate|
|Up to INR 35 lakhs||Starting From 11.00%* per annum onwards|
|From INR 35 lakhs to INR 75 lakhs||Starting From 11.00%* per annum onwards|
|Over INR 75 lakhs||Starting From 11.00%* 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||11.00%*||INR 13,775*|
|INR 25 lakhs||10 years||11.00%*||INR 34,438*|
|INR 50 lakhs||20 years||11.00%*||INR 51,609*|
|INR 50 lakhs||25 years||11.00%*||INR 49,006*|
|INR 75 lakhs||25 years||11.00%*||INR 73,508*|
Additional charges, if applicable, will be mentioned during the application process. For detailed fees & charges click here
The home loan eligibility criterion mainly depends on your employment. Take a look at the various aspects, you need to keep in mind:
Individuals working under the following can apply:
23 years - 70 years
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:
Here is the list of the acceptable ID proofs -
Here is a list of the acceptable Address proofs –
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.
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.
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.
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.
Piramal Finance offers home loans that can go up to INR 75 lakhs for a tenure of 25 years.
Avail Piramal Finance quality service and housing loan instantly in the top commercial and metropolitan cities of India to buy the home of your dreams.