Home 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 chargesClick 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
0
Interest amount
0

Documents Required

For a House construction loan, we require certain documents based on the profession/occupation of the applicant.

KYC Documents

Proof of Identity & Address

Income Documents

Proof of Income

Property Documents

Land & property related documents

Co-applicants

Passport Size photographs

whatsapp

Whatsapp me this document list

Home Loan Interest Rates

Let's look at the current home loan interest rates offered by Piramal Finance

Segment Slab Home Loan Interest Rate
Affordable Housing
Up to INR 35 lakhs
Starting From 11%* per annum onwards
Mass Affluent
From INR 35 lakhs to INR 75 lakhs
Starting From 11%* per annum onwards
If you are trying to find a new home loan interest rate, this illustration will help you see its effect on the EMI that you would end up paying.
Loan Amount Tenure Rate of Interest EMI
INR 10 lakhs
10 years*
11%*
₹ 13,775
INR 25 lakhs
10 years*
11%*
₹ 34,438
INR 50 lakhs
20 years*
11%*
₹ 51,609
INR 50 lakhs
30 years*
11%*
₹ 47,616
INR 1 crore
30 years*
11%*
₹ 95,232
*Terms & Conditions apply.

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

Types Of Home Loan Interest Rates

Before we discuss the house loan interest rates it is important to understand the 2 different types of housing loan rates.

Fixed Home Loan Interest Rates

As the name suggests, such types of housing loan rates remain fixed. This means that the home loan rates that are applied stay the same throughout the tenure of the loan. As these rates remain constant, they allow you to plan your future finances accordingly.

Floating Home Loan Interest Rates

Floating housing loan rates are variable. There are many factors that can affect the home loan rates today and thus, such loans often come with the risk of an increase in rates.

Factors that can influence the Home Loan Rate

Type of Interest Rate

While the fixed rates will not change, the floating rates would be influenced when the RBI brings in any modifications.

The ratio between loan and value

The loan-to-value ratio, better known as LTV, is the maximum limit that the lender can extend. It is a percentage of the property’s present market value. To decrease the loan quantum, you can increase the down payment.

The Property

The resale value of the property depends on factors such as its location, its condition, and its age. Any property with a high resale value becomes a lucrative opportunity for the lender, who would attract the borrower with low-interest home loans.

The Term of the Loan

There is a direct relationship between the loan term and the home loan interest rate that you pay. The longer the tenure, the lower would be the EMI.

The Borrower’s Gender

Most financial institutes offer a much better deal to women borrowers.

The Borrower’s Profile

In most cases, salaried employees are a safe bet as they have a stable income. Also, maintaining a good financial profile can help you in attracting competitive interest rates.

Frequently asked questions

Can I reduce the burden of my home loan EMI?
piramal faqs

How do I find out the total payable interest amount for my housing loan?
piramal faqs

What do you mean by home loan interest rate?
piramal faqs

How will Piramal Finance determine the home loan amount for me?
piramal faqs

What are the current home loan interest rates?
piramal faqs

What Should I choose Fixed or Floating home loan interest rates?
piramal faqs

What is the Method to calculate EMI?
piramal faqs