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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 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 Pradhan Mantri Awas Yojana 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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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
Subsidies up to ₹ 2.67 lakh for loan amount within ₹ 6 lakh.
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...
Key Features
Frequently Asked Questions
PMAY Home Loan Scheme: How to apply
The PMAY scheme is open to just about any family having an annual income of not more than INR 18 lakh. If you'd like to apply for said PMAY subsidy financial advantage, you can do so at either of our divisions. 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.
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.
What is PMAY & does Piramal Finance offer loan under 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 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 of the Pradhan Mantri Avas Yojana, the subsidy will be received within 3-4 months after the government runs a thorough check on the submitted documents.
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 PMAY subsidies after a balance transfer?
A borrower can avail subsidies under the Pradhan Mantri Avas Yojna when they first acquire or construct the house. While the borrower can transfer the home loan balance, they will not be eligible to avail 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 i.d provided by Piramal Finance.
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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 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