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
For a Home Extension Loan we require certain documents based on profession / occupation of applicant.
KYC Documents
Proof of Identity & Address
Income Documents
Proof of Income
Co-applicants
Passport Size photographs
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Our Happy Customers

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
Nashik

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Why Choose Us?

There are various reasons to choose a home extension loan from Piramal Finance, and here are a few:

  • Pan India branch network & amazing post disbursement
  • High and excellent standards of transparency, integrity, and ethics
  • Devoted team of experienced professionals who operate on industry-leading information systems
  • Multiple repayment options
  • Option to enhance the loan amount if there’s any escalation in cost
  • Quick and seamless loan approval and disbursal
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.

What Is The LTV Ratio Of Home Extension Loan

The LTV or Loan-To-Value ratio of a home extension loan is the total percentage or share of a residential property’s worth that we can finance and disburse through the loan.

The LTV ratio for such a loan must not surpass the regulatory and official caps on the home loan LTV ratios determined by the Reserve Bank of India. Here’s a breakdown of the loan amounts disbursed through home extension loans along with their respective LTV ratios:

We as a financial institution, assess creditworthiness to figure out the final LTV ratio for the prospective borrower seeking a home extension loan. A few of the key considerations for credit risk evaluation comprise the loan petitioner's creditworthiness, repayment ability, real estate market value, and so on.

Amount Of Loan To Be DisbursedLTV Ratio
Maximum of INR 30 lacsA maximum of 90% of the construction cost estimate
From INR 35 lacs to INR 75 lacsA maximum of 80% of the construction cost estimate
From INR 35 lacs to INR 75 lacsA maximum of 75% of the construction cost estimate

We as a financial institution, assess creditworthiness to figure out the final LTV ratio for the prospective borrower seeking a home extension loan. A few of the key considerations for credit risk evaluation comprise the loan petitioner's creditworthiness, repayment ability, real estate market value, and so on.

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Frequently Asked Questions
What is a Home Extension Loan?
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Who can avail a Home Extension Loan?
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What are the tax benefits under Home Extension Loan?
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What are the eligibility criteria for a Home Extension Loan?
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What is the tenure for Home Extension Loan?
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What type of security is required to obtain a Home Extension Loan?
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How to Apply for a home extension loan at Piramal Finance?
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Why Choose Us for Home Extension Loan?
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