In order to encourage more people to invest in houses, there are many tax deductions one can... Read more
Home Extension Loan offerings by Piramal Capital & Housing Finance Ltd. (Piramal Finance)
Key Features
Loan Amount
₹ 5 Lakhs - 2 Crore
Loan Tenure Up To
30 years
Interest Rates Starting At
11.00%* p.a
For detailed fees and charges Click here *T&C apply
Who can apply?
The eligibility criteria mainly depends on your employment. Choose the employment type and check your eligibility.
Calculate EMI & Check eligibility
- EMI Calculator
- Eligibility Calculator
₹
5L5Cr
Years
5Y30Y
%
10.50%20%
Your home loan EMI is
Principal amount
Interest amount
₹ 25,00,000
₹-25,00,000
Documents Required
Whatsapp me this document list
For a Home Extension Loan we require certain documents based on profession / occupation of applicant.
KYC Documents
Proof of Identity & Address
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
AadhaarRecommended
Driving License
Voter's Identity Card
Passport
Job card issued by NREGA
Utility bills like Telephone Bill / Electricity Bill etc.
Letter issued by the NPR containing details of photo / name
Income Documents
Proof of Income
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
For Salaried
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-applicants
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
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 hav 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)
Passport Size photographs
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
Whatsapp me this document list
Our Happy Customers
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Benefits Of Home Extension Loan By Piramal Finance
Easy Home Improvement Loan Eligibility
You will experience an easy and seamless application process at Piramal Finance. You can apply for a home extension loan digitally to save your time.
Simple And Quick Approval Process
You can get quick and easy approval for a home extension loan. Therefore we are regarded as the leading provider of home extension loans. We've also streamlined the procedure by making it a quick digital verification process.
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Key Features
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Key Features
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Key Features
Frequently Asked Questions
What is a Home Extension Loan?
It's a loan that allows you to expand or add living space to your home, such as additional rooms or floors.
Who can avail a Home Extension Loan?
Piramal Finance offers a home extension loan to anyone who has the eligibility requirements and wants to expand their existing apartment, floor, or row house.
What are the tax benefits under Home Extension Loan?
The Income Tax Act of 1961 allows you to deduct the principal and interest components of your home extension loan. Because the benefits may vary from year to year, please consult with our loan counselor about the tax benefits that you may be able to obtain on your loan.
What are the eligibility criteria for a Home Extension Loan?
Financial institutions have specified criteria for determining your ability to repay a home extension loan. Age, employment position, employment stability, and credit score are some of the primary criteria used by banks to determine home extension loan eligibility.
What is the tenure for Home Extension Loan?
The duration normally runs from 5 to 25 years, and that can be chosen depending on your eligibility requirements.
What type of security is required to obtain a Home Extension Loan?
The security required for a home extension loan varies by lender.
How to Apply for a home extension loan at Piramal Finance?
Why Choose Us for Home Extension Loan?
There are various reasons to choose a home extension loan from Piramal Finance, and here are a few:
FREE Credit Report
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Have Questions? Get In Touch With Us
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Piramal Capital & Housing Finance Limited, formerly known as Dewan Housing Finance Corporation Ltd.
CIN: U65910MH1984PLC032639
Registered Address: 601, 6th Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, Opp. Fire Station, LBS Marg, Kurla (W) Mumbai MH 400070
The content of this site is copyright-protected and is the property of Piramal capital and housing limited.
I applied for the Gruh Sethu home loan plan, which got approved for 29 years of tenure, which is what I needed. My family and I are so excited and happy to be moving into our new home soon.
Rajendra Rupchand Rajput