Instant Personal Loan
in Minutes

A personal loan is an unsecured loan that can be used for various purposes, such as consolidation of debt, medical emergency, financing a major purchase or even home renovation.

You can make the payments using E-Nach (National Automated Clearing House). It is the most convenient & secure method of making payment.

Credit Clean-up: You can improve your eligibility by increasing your credit score. A higher credit score makes you a reliable borrower.
Rebalancing your income and debts: Your income-to-debt ratio helps determine the portion of your income that gets contributed toward covering your debts. A low income-to-debt ratio can make you more eligible for an instant loan.
Limit Your Borrowing: If you have too much debt, lenders will see you as a risky borrower. If you plan on taking an insta loan, try repaying your existing loans first.
Choose the Right Lender: Choosing the right lender is the key and working with a lender like Piramal Finance increases your chances of receiving instant loan approval due to our less rigid criteria.

A CIBIL score of 550 or below is considered a bad score, and a score above 700 is regarded as a good score to avail a personal finance. You can always improve a low credit score, as a good credit score will increase your chances of availing an easy loan from Piramal Finance.

Prepayment refers to paying the outstanding balance of your loan before the end of the tenure. You can make a prepayment either in whole or in part. When you access surplus funds, you should make prepayments and repay your loan faster.
Types of Pre-Payment
Full Pre-Payment: It revolves around pre-paying the entire amount.
Part Pre-payment: It entails prepaying a significant portion of your outstanding principal.

You can manually calculate EMI using the formula: P x R x (1+R)N / [(1+R)N-1].

Where-· P = Principal loan amount
· N = Loan tenure in months.
· R = Monthly interest rate.
· R = Annual Rate of interest/12/100

However, manually calculating can lead to errors. For accurate results in seconds, use Piramal Finance's online EMI calculator for a personal loan.

Piramal Finance offers a pre-approved loan to selected / existing customers. If you become eligible, you will have to provide minimum documentation. Moreover, you won’t need any collateral or security. New customers can check their eligibility for pre-approved personal loan.

To check your loan status and statement, log into the Piramal Finance website or app. Then, click on 'Application Status Tracker.

If you don’t pay back your loan, you will become a defaulter. In that case, your credit history will suffer damage. So, you will find it challenging to qualify for loans in the future.

Piramal Finance offers zero foreclosure charges for your instant personal loan.

There is no lock-in period for any sort of loan at Piramal Finance.

Piramal Finance offers personal finance with a reducing interest rate. This is a cost-effective borrowing solution that minimizes your interest expenses over time.