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Piramal Housing Finance (part of Piramal Capital & Housing Finance) provides home loans up to ₹2 crore for purchase, construction, renovation, or plot + construction, with interest rates from 9.50% p.a. (November 2025). It targets salaried (₹20,000+), self-employed, and informal earners in urban/rural areas via 400+ branches, offering 90% LTV under PMAY, zero prepayment, and digital disbursal in 5-10 days.
|
Feature |
Details |
|
Interest Rate |
9.50% p.a. onwards (floating) |
|
Processing Fee |
Up to 3% + GST (min ₹2,500) |
|
Loan Amount |
₹5L–₹2Cr (90% LTV ≤₹30L) |
|
Tenure |
Up to 30 years |
|
Age |
21–70 years |
|
Disbursal |
5–10 days |
|
Prepayment |
Nil (floating) |
|
Salaried |
₹20k+; 1 year job |
|
Self-Employed |
2 years; ₹2.5L+ ITR |
Piramal housing finance home loan interest rate starts at 9.50% p.a. for CIBIL 750+ salaried on ≤₹35 lakh loans, up to 11.50%+ for self-employed. Floating, linked to internal benchmark (RBI repo 6.50%), daily reducing. PMAY effective ~3% after 6.50% subsidy on ₹6 lakh (EWS/LIG). Women get 0.05% concession. Top-up at +0.50%.
|
Lender |
Rate |
Processing |
Tenure |
|
Piramal |
9.50% |
3% |
30Y |
|
SBI |
7.50% |
0.35% |
30Y |
|
HDFC |
8.15% |
1% |
30Y |
|
ICICI |
8.75% |
1% |
30Y |
|
₹30L/20Y at 9.50% = ₹25,800 EMI — higher than SBI but PMAY/rural speed wins. |
● Enter loan (₹30L), rate (9.50%), tenure (20Y) → EMI ₹25,800.
● Toggle PMAY for subsidy-adjusted EMI (~₹16,500).
● Shows amortization, tax savings (₹1.5L 80C + ₹2L 24b).
● Input monthly income (₹40,000), age (35), existing EMI (₹5,000) → Eligible: ₹45 lakh.
● Factors 50% DTI, CIBIL, PMAY—instant pre-approval.
● ₹25 lakh loan = ₹75,000 fee.
● PMAY waivers reduce to 1-2%.
● Includes login, legal, valuation; no hidden charges.
Salaried: ₹20k+, 1 year job, CIBIL 700+.
Self-Employed: 2 years, ₹2.5L ITR.
Docs: Aadhaar/PAN/slips/ITR/property papers/bank statements (6 months).
PMAY: Income proof for subsidy.
Toll-Free: 1800 266 6444 (9AM-6PM).
Email: customercare@piramal.com.
Track Status: Portal/app with ref no. + OTP (Submitted → Disbursed).
4.2/5:
● Pros: PMAY speed, rural reach, digital disbursal.
● Cons: 3% fee high vs. banks; rejections for low CIBIL. Statement: Free via portal (PDF for tax).
Piramal Housing Finance home loan at 9.50% + PMAY suits ₹10-75L rural/urban buys. Apply piramalfinance.com/1800 266 6444.
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