Personal Loan
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Key Features
Loan amount
Up to ₹25 Lakh
12 to 60 months
Interest rates starting at
12.9% p.a
For detailed fees and charges Click here *T&C apply
Story of Our Personal Loan Customer
Piramal Finance Personal Loan Features
We understand your financial needs and help you fulfil your life goals with our simple, transparent & hassle-free loan.
- Quick Approval & Disbursal Our finance experts guide you during the loan application and ensure instant approval and quick disbursal.
- Flexible Loan Options Choose the loan amount and repayment tenure as per your financial needs and capacity.
- Low Interest Rates Our interest rates start from just 12.9%* p.a. to help you plan your finances better.
- Dedicated Assistance Our loan experts extend full support to you in your loan application. We make documentation simple and quick for you.
Eligibility Criteria for Instant Personal Loan Online?
The different eligibility criteria that you need to fulfill to get a Personal Loan are as follows:
- Age Minimum Age - 21 and Maximum Age - 63
- Employment Private or Government employees can apply
- Monthly Salary: A minimum monthly salary of 20,000 is required
- For Self-Employed Individuals: Age: 23 to 65 years
Minimum Annual Income: ₹3,00,000
Business Proof: Valid registration and 2 years of continuity - Credit Score: A good Credit Score is Necessary
Quick Tips for Increasing Eligibility
- Maintain a Good Credit Score Having a good Credit Score will help you get instant loan approvals. Regularly check your credit score and ensure you follow the best practices to maintain it.
- Clear Existing Debts If you clear the existing debts you can avail of a higher amount for the loan. Also, chances of getting the loan approval are higher if you have no outstanding loan amount.
- Ensure Stable Income/ Employment Ensuring a stable monthly income will help increase your repayment capacity and make it easier to secure a loan.
- Avoid Frequent Loan Applications Frequent loan applications with multiple lenders will lower your credit score and negatively impact your loan approval chances.
- Increase Your Income Manage your finances better by increasing your existing income to boost your eligibility for loan application.
List of Documents Required for Personal Loan
We ensure you have minimal documentation and provide end-to-end guidance in the documentation process.
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Row 1
- KYC Documents
- Income/ Salary Proofs
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Row 2
- Aadhaar Card & Pan Card
- Bank Statement for the Previous 3 Months
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Row 3
- Voter ID & Passport
- Salary Slips of the Last 3 Months
Apply for a Personal Loan with Piramal Finance – Online & Offline
Piramal Finance makes it easy to apply for a personal loan, whether you prefer the convenience of an online application or a visit to your nearest branch. Choose the method that works best for you.
How to Apply for a Personal Loan Online
Applying online is a fast and hassle-free process. Follow these simple steps:
Instant Digital Personal Loan Process:
- Step 1: Click on 'Apply Now' to begin your instant loan application.
- Step 2: Enter your mobile number (linked to your bank account).
- Step 3: Verify the OTP sent to your registered mobile number.
- Step 4: Upload the necessary documents for verification.
- Step 5: Complete bank account verification for smooth processing.Undergo income verification to assess loan eligibility.
- Step 6: Review your final loan offer, accept the terms, and proceed.
- Step 7: Once approved, the loan amount will be credited to your bank account within 24 hours.
How to Apply for a Personal Loan Offline (Branch Visit)
If you prefer a face-to-face process, you can apply for a loan at your nearest Piramal Finance branch:
Visit a Piramal Finance branch and select "Personal Loan" from the available options.
- Step 1: Register using your mobile number and complete the OTP verification.
- Step 2: Provide your basic personal details and specify your loan requirements.
- Step 3: A financial expert from the branch will connect with you and guide you through the next steps.
No matter which method you choose, Piramal Finance ensures a seamless and efficient loan application process, helping you get the funds you need quickly.
Personal Loan Interest Rate, Processing Fees & Charges
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Row 1
- Feature & fees
- Details
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Row 2
- Amount
- Up to ₹25 Lakh
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Row 3
- Interest Rates
- 12.9% p.a
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Row 3
- Tenure
- 12-60 Months
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Row 3
- Processing Fees
- Up to 5% of the loan amount + applicable taxes
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- Pre-Closure & Part Payment Fee
- 3% of the principal amount + applicable taxes
Important Things You Should Know for Personal Loan Application
- Loan Amount The loan amount you get is calculated based on your repayment capacity. Your monthly income and Credit Score are checked to calculate the applicable loan amount.
- Loan Tenure It is the time for which you agree to repay the loan. You can choose the loan tenure according to your repayment capacity. Short-term loan tenure leads to a higher EMI but helps you save the total interest. Long-term loan tenure reduces your EMIs but increases the interest rates.
- Interest Rates Personal Loan interest rates are generally between 12-14%. Interest rates also depend on your credit score and repayment capacity.
- Processing Fees A personal loan has processing fees that can be up to 5% of the loan amount. These fees are charged for administrative and documentation of the loans.
- Prepayment Fees A prepayment fee is applicable if you pay the loan before the end of your tenure. The prepayment fee is 3% of the principal amount.
Personal Loan Types We Offer We offer a variety of personal loan options to meet your every financial need.
Home Renovation Loan
A home renovation loan gives you funds for home repairs, improvements and upgrades.
Wedding Loan
A wedding loan lets you cover all the wedding expenses for the special day of your life.
Travel Loan
Finance your dream vacation and cover all your travelling expenses.
Car Loan
Get a new or used car loan with the most flexible repayment options.
Emergency Loan
Emergency loans give you quick financial help when you need the most.
Festival Loan
Cover your festive season expenses like shopping, gifts, and decorations.
Loan for Women
Designed especially for women, these loans support women in education, business and personal growth.
Loan for Salaried Employees
Get quick financial support to meet your instant financial needs.
Education Loan
Get financial support to pursue education-related expenses including tuition fees and accommodation.
Personal Loan for Bike
Get instant funds to buy a two-wheeler with flexible tenures.
Common Myths About Personal Loan
Personal loan is a popular financial tool but there are some myths around it. Here are some misconceptions that you should know.
- Process is Complicated People often think that the personal loan process is complicated at least transparent. Piramal Finance ensures that your loan application is quick, simple and hassle-free. You can apply online with ease and get guidance from financial experts.
- Very High Interest Rates Many people believe that personal loans are high interest rates. Piramal finance gives you the most competitive interest rates at just 12.9% p.a. This makes it a good and affordable financial option.
- Only For Emergency Personal loans are a good option for emergencies but are not limited to that. You can avail of a loan to manage expenses like weddings, education or even travel.
- There are Hidden Charges There are no hidden charges associated with personal loans. Before applying take a complete idea of all the processing and prepayment fees to avoid surprise costs.
- You Need a Perfect Credit Score A high credit score increases your chances for a personal loan but you are still eligible to get the loan with a moderate score.
- You Can’t Customize a Personal Loan Piramal Finance offers you flexibility in choosing your loan amount and tenure so that you can customize the loan as per your financial capacity.
How To Effectively Manage Repayments
- Budget Your Monthly Expenses Plant your monthly budget by allocating your income for the loan repayment. Keep the additional EMI funds to avoid missing EMIs in case of emergency.
- Select Tenure Based on Your Financial Needs While selecting the tenure evaluate your financial capacity and select the tenure by keeping a balance between EMIs and interest costs.
- Track Your Loan Balance Regularly Always stay informed about the outstanding loan balance and repayment schedule. It will help you to track your repayment and manage your finances better.
- Setup Payment Reminders You can either set up payment reminders or automatic payments from your bank account. This will ensure timely payments and help you maintain good credit score
- Review Loan Statement Regularly Check your loan statements regularly and ensure all payments are reflecting accurately without any discrepancies.
- Set Financial Goals Setting the right financial goals will help you stay motivated and disciplined for managing your loan repayments more effectively
Personal Loan by Amount
Now it is possible to get instant Personal loan by amount starting from ₹ 25,000 up to ₹ 5,00,000. Please check the below-mentioned options.
Advantages of Taking Personal Loan from Piramal Finance
Trusted Financial Institution
We ensure trust and transparency for all your financial needs. Our policies and dedicated services are made to give you peace of mind.
Custom Loan Solution
We understand everyone has unique financial needs. We offer customisable loan options so that you can decide your loan tenure and applicable EMIs.
Digital Application Process
We offer an easy and quick digital application process for a hassle-free experience. Our digital application and tracking allow you to track and get real-time updates on your loan application.
Customer First Approach
We prioritise customer satisfaction and offer you expert guidance at every step. We give you prompt assistance wherever required and ensure a seamless process.
Wide Range of Loan Options
We have diverse loan types to cater to your unique needs. Whether you need funds for education, home renovation, weddings or more we have a range of options.
Our Journey So Far
Happy Customers
25,000+
Loans Sanctioned
30,000+
Loan Disbursed
1,250 Cr+
Active Customers
18,000+
Frequently asked questions
Get a Personal Loan from the Nearest Piramal Finance Branch
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