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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 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
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Documents Required
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For a Home 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
Aadhaar
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
Form 16
Bank statements from the previous six months and pay stubs
Documentation of the collateralized property
Property Documents
Land & property related documents
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
Property-Related Documents
Stamped agreement of the sale / Sales Deed or the letter of Allotment
NOC from the builder / housing society
Possession Certificate
Detailed Construction cost estimation
Bank Account Statement
In case of Constructed Apartment - Occupancy Certificate
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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Advantage Of PMAY
More Sum Lowest Rate
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.
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 PMAY.
Subsidies
Subsidies up to ₹ 2.67 lakh for loan amounts within ₹ 6 lakh.
More Home Loan Products
Frequently asked questions
What is PMAY & Does Piramal Finance Offer Loans under the PMAY scheme?
PMAY stands for Pradhan Mantri Awas Yojana which is a Credit Linked Subsidy Scheme (CLSS) introduced by the Central Government of India with the aim of making affordable housing available to various sections of society.
Does Piramal Finance offer Home Loans under the PMAY scheme?
Yes, Piramal Finance offers Home Loans under the PMAY scheme. A beneficiary family not owning a Pucca house (an all-weather dwelling unit) in any part of Bharat is eligible for this subsidy subject to various criteria as defined for the family under various schemes for EWS/LIG/MIG-1 and MIG-2. Through this scheme, the beneficiary is eligible to avail of an interest subsidy on the purchase/construction of a house.
What is the maximum tenure for which the PMAY subsidy is applicable?
The Pradhan Mantri Awas Yojana subsidy scheme is applicable for a maximum tenure of 20 years.
How long does it take to get the PMAY subsidy?
Considering the numerous applicants for the Pradhan Mantri Awas Yojana, the subsidy will be received within 3-4 months. The government performs thorough verification before approving the subsidies.
How does the Pradhan Mantri Awas Yojana subsidy work?
Under the PMAY scheme to provide affordable homes, the government will provide an interest subsidy of 6.5% on housing loans for a 20-year tenure.
Is it possible to avail of PMAY subsidies after a balance transfer?
A borrower can avail of subsidies under the Pradhan Mantri Awas Yojana (PMAY) when they first acquire or construct the house. While the borrower can transfer the home loan balance, they will not be eligible to avail of the subsidy upon the balance transfer.
How can I check my PMAY application status?
You can track your PMAY application status on the NHB website www.pmayuclap.gov.in using the application ID provided by Piramal Finance.
How to Apply for PMAY Home Loan Scheme
The Pradhan Mantri Awas Yojana (PMAY) allows eligible first-time homeowners to claim subsidies against the purchase of their first property, subject to its norms.The PMAY scheme is open to just about any family with an annual income of not more than INR 18 lakh. If you'd like to apply for PMAY subsidy financial advantage, you can do so at either of our divisions. Do you dream of owning your home via the Pradhan Mantri Awas Yojana (PMAY)? Our team of experts will help you at every stage of the application process. Our nearest branch professionals will evaluate your application and process it as soon as possible. Our intention is to streamline the process and make it as quick and easy for you as possible.
Apply for our home loan using the following steps to become eligible for the Pradhan Mantri Awas Yojana:
Once your subsidy is approved, it is adjusted against your home loan automatically. As a result, purchasing your dream home will become more affordable. Our dedicated relationship managers are also available when you need them to answer any questions that you may have about the home loan application process or the PMAY and its status. At Piramal Finance, you will enjoy various benefits when you take a home loan, including flexible tenure and installments to make purchasing a home hassle-free.
Note: The evaluation of your entitlement to receive CLSS economic advantages is solely at the good judgment of the Indian government. The guidelines highlighted in the Centrally sponsored scheme for determining eligibility are illustrated in this content.
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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