How can I get an estimate of the home loan amount?

The simplest way to calculate the home loan eligibility and the home loan EMI is to make use of the calculator available on our portal. It is a free online tool that allows you to plan a home loan efficiently and in a clearer manner.

Are there any tax benefits on the home loan?

Under Section 80C of the Income Tax Act, 1961, you can claim up to INR 1.5 lakhs on the principal amount, registration cost, and stamp duty charges of the housing loan.

Can I get a home loan for the entire amount?

No. Under the guidelines of the RBI, a lender cannot lend 100% of the home loan amount. Depending on the lender you have opted for, you may be able to take a home loan for about 80% to 90% of the purchase price of the property. You would need to make a down payment of the remaining amount on your own.

What are the maximum home loan tenure and loan amount offered by Piramal Finance?

Piramal Finance offers home loans that can go up to INR 75 lakhs for a tenure of 25 years.

What is a home loan & how does the home loan work?

A home loan is a well-known financing choice that provides funds to individuals for the purchase and acquisition of their dream property or home without any hassle. Your home loan provider will cover almost 75-80% of the home/property cost. You will be required to make the down payment (the initial payment of the remaining amount). This type of loan can be taken for a longer tenure at a reasonable interest rate.

How often do home loan interest rates change?

As per the RBI guidelines, banks and financing institutions have to check, evaluate, and revise the home loan interest rates once every three months. However, it is only applicable for the floating home loan interest rates, which change according to the markets position.

Are there any advantages of taking a home loan from Piramal Finance?

There are numerous advantages of taking a home loan from Piramal Finance, including:

• Flexible loan tenure
• Affordable interest rates
• Minimal documentation
• Quick disbursal
• Tax benefits on the principal amount

How to Apply for a Home Loan at Piramal Finance?

Piramal Finance home loans are specifically designed to meet the needs of Bharat. Whether you decide to fill out the home loan application offline or online, our team will ensure a one-stop, end-to-end home loan service for a convenient, seamless experience:

• Go to our application form and fill out the details.
• Submit all your income and KYC documents.
• Wait till the application gets processed for verification.
• If everything meets the eligibility criteria, your loan will get approved within a few minutes.
• Subsequently, the loan amount gets disbursed and credited to your bank account.