Home Loan offerings by Piramal Capital & Housing Finance Ltd. (Piramal Finance)
Key Features
Loan Amount

18 Lakhs

Loan Tenure Up To

20 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
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Documents Required
For a Pradhan Mantri Awas Yojana we require certain documents based on profession / occupation of applicant.
KYC Documents
Proof of Identity & Address
Income Documents
Proof of Income
Passport Size photographs

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Our Happy Customers

I applied for a home loan with Piramal and I got sanction for the required amount for 29 years under the Gruh Setu Home Loan. I have purchased the row house, and my family and I are happy that we will be moving into our new house soon.

Rajendra Rupchand Rajput

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Advantage Of PMAY
More Sum at Low Interest Rates
If the annual household income is between ₹ 6 lakh and ₹ 12 lakh, then a maximum of ₹ 9 lakh can be availed of at 4% interest. If the annual household income is between ₹ 12 lakh and ₹ 18 lakh, then a maximum loan of ₹ 12 lakh can be availed at 3% interest.
Lowest Interest Rate
If the annual household income is less than ₹ 6 lakh, a maximum loan of ₹ 6 lakh at 6.5% interest can be availed of under the PMAY.
Subsidies up to ₹ 2.67 lakh for loan amount within ₹ 6 lakh.

Guidelines Of The PMAY Scheme 2022-2023

When it comes to extension/construction, women's ownership isn’t necessary

Since the 15.03.2018 ordinance, an elderly earning fellow (regardless of their marital status) can indeed be considered a distinct resident. When it comes to a married couple, either partner or both in shared ventures will be qualified to apply for a single property, susceptible to the household's revenue entitlement underneath the scheme.

When it comes to MIG - 1 & 2 Loans approved on/after 01-01-2017, you must adhere to these guidelines:

  • The interest subsidy is readily accessible for a max loan term of 20 years or the loan term that is shorter.
  • The cost of the property or the loan amount is not capped.
  • The beneficiary family’s Aadhar number(s) are crucial for the MIG category.
  • The interest subsidy will be credited to recipients' loan accounts in advance by Piramal Finance, culminating in a gradually decreasing home loan and Monthly Payments (EMI).

For more in-depth details and information on this scheme, visit the website https://pmay-urban.gov.in/

More Home Loan Products
Home Loan Balance Transfer
A balance transfer from your existing loan to a one with Piramal Finance can ensure that you remain creditworthy...

Key Features
Renovation Loan
With a Home Renovation Loan you can keep your hard earned savings and investments untouched and pay off...

Key Features
Extension Loan
You may simply enlarge your own home in utmost comfort with a home extension loan from Piramal finance...

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Frequently Asked Questions
PMAY Home Loan Scheme: How to apply
piramal faqs

What is PMAY & does Piramal Finance offer loan under PMAY scheme?
piramal faqs

Does Piramal Finance offer home loans under the PMAY scheme?
piramal faqs

What is the maximum tenure for which PMAY subsidy is applicable?
piramal faqs

How long does it take to get the PMAY subsidy?
piramal faqs

How does the Pradhan Mantri Awas Yojana subsidy work?
piramal faqs

Is it possible to avail PMAY subsidies after a balance transfer?
piramal faqs

How can I check my PMAY application status?
piramal faqs