Piramal Housing Finance Highlights | |
Interest Rate | 11.00% p.a. onwards |
Loan Amount | 75% to 90% of property value |
Loan Tenure | Up to 30 years |
Processing Charges | Up to 1% of the loan amount |
Note: Interest rates as of 1 February 2023

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Table of Contents
Piramal Housing Finance Rate of Interest
Piramal home loan interest rate is 11.00% p.a. onwards. While the Piramal Capital and Housing Finance Ltd. has not disclosed the interest rate break based on the credit score and occupation profile of its loan applicants, lenders usually consider these factors while setting the home loan interest rates of their applicants.
Compare Home Loan Interest Rates vs Other Lenders
Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
SBI | 8.60% - 9.50% | 8.60% - 9.40% | 8.60% - 9.40% |
HDFC | 8.65% - 10.35% | 8.65% - 10.60% | 8.65% - 10.70% |
LIC Housing Finance | 8.65% – 10.10% | 8.65% – 10.30% | 8.65% – 10.50% |
ICICI Bank | 8.75% - 9.85% | 8.75% - 9.85% | 8.75% - 9.85% |
Kotak Mahindra Bank | 8.65% onwards | 8.65% onwards | 8.65% onwards |
PNB Housing Finance | 8.75% - 14.50% | 8.75% - 13.00% | 8.85%-10.85% |
Punjab National Bank | 8.60% - 9.35% | 8.55% - 9.25% | 8.55% - 9.25% |
Bank of Baroda | 8.60%-10.35% | 8.60%-10.35% | 8.60%-10.60% |
Union Bank of India | 8.60% – 10.50% | 8.60% – 10.70% | 8.60% – 10.70% |
IDFC First Bank | 8.60% onwards | 8.60% onwards | 8.60% onwards |
L&T Housing Finance | 8.65%-8.75% | 8.65%-8.75% | 8.65%-8.75% |
Bajaj Housing Finance | 8.75% onwards | 8.75% onwards | 8.70% onwards |
Godrej Housing Finance | 8.64% onwards | 8.64% onwards | 8.64% onwards |
Tata Capital | 8.95% onwards | 8.95% onwards | 8.95% onwards |
Federal Bank | 8.60%-9.95% | 8.60%-10.00% | 8.60%-10.05% |
Also check home loan interest rates offered by various home loan lenders.

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Piramal Capital and Housing Finance Loan Processing Fee & Charges
Particulars | Details |
Processing Fees |
|
Part Payment/Pre-closure charges |
|
Loan repayment instrument dishonour charges | Rs 500 + applicable taxes |
CERSAI charges | Rs 500 + applicable taxes |
Loan Pre-closure Statement | Rs 1,000 + applicable taxes |
List of documents deposited with the Lender | Rs 500 + applicable taxes |
Loan Repayment Schedule | Rs 500 + applicable taxes |
Change of Loan repayment mode | Rs 500 + applicable taxes |
“Re-scheduling Loan terms (e.g. EMI Date change / EMI increase /Lowering of Tenor” | Rs 5,000 + applicable taxes |
No Due Certificate issuance charges | 1st time free; subsequently Rs. 500 + applicable taxes |
Statement of Account | Free once a year; subsequently Rs.500 + applicable taxes |
Photocopy of documents | Rs 1,000 + applicable taxes |
Retrieval of original property documents | Rs 2,000 + applicable taxes |
Additional Charges | 2% p.m. on Outstanding Amount for the non-compliance of any terms and conditions of the Transaction Documents by the Borrower, for the period beginning the date of such noncompliance until the same is cured to the satisfaction of the Lender + applicable taxes |
Also check home loan processing fees of popular banks and HFCs.

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Types of Piramal Home Loan
Housing Loan
- A regular home loan scheme availed for the purpose of house purchase, house construction and extension/renovation of an existing house/flat
- Repayment period of up to 30 years
- Financing of up to 90% of the property construction cost
Home Construction Loan
- Home construction loan is a regular home loan scheme with quick disbursal for construction of house on an already owned plot
Home Renovation Loan
- Home renovation loan is offered for home improvement/renovation purposes
Home Extension Loan
- Home extension loan is offered for extending or adding more space in an existing house property such as adding extra room(s) or a floor

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Home Loan Balance Transfer
- Home loan balance transfer is for existing home loan borrowers who want to transfer their existing home loan to PCHFL at a lower rate of interest
- Home loan top-up is also available to existing Piramal housing loan borrowers to meet the personal expenses like wedding, medical treatment, education, etc.
Piramal Money Saver Home Loan
- Waiver of 3 EMIs each after the 3rd, 6th, 9th, and 12th year of the loan tenure at no extra cost
- For the purchase of under-construction/resale/ready house, self-construction, plot purchase plus house construction or for home improvement
- Reduction in overall loan tenure by 12 months
Super Home Loan
- Up to 15% lower EMI for the first five years of your loan tenure
- The loan is sanctioned after factoring in an applicant’s current income, potential earnings, and future growth prospects

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Advantage Home Loan
- Increased home loan eligibility by adding co-applicant(s)
- Home financing solution for individuals having parents with pension income or nearing their retirement age
- Can also be availed by one salaried professional and one self-employed co-applicant
- Allows higher EMI in initial years, lower EMI in later years of loan tenure
Gruh Setu Home Loan
- Loans for individuals having lower home loan eligibility
- Loans of up to Rs. 20 lakh for those receiving salary in cash; can be increased to Rs. 30 lakh if applied with a co-applicant
- Financing of up to Rs. 75 lakh for employees of sole trading proprietorships and partnership firms
- Longer loan tenure of up to 75 years of age for those having a pension
- Enhanced LTVs for cash salaried and low LTV programs

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Piramal Home Loan Eligibility
Salaried
- Minimum Age- 21 years Maximum Age- Income contributor (Govt employee) – 70 yrs (if pension considered) Income contributor (Others) – 62 yrs (or restricted to retirement age)
- Working in a : -Govt. institution -Public Sector Undertaking -Private Sector Companies such as Limited Companies / Private Limited companies -MNC -Partnership firm / LLP -Proprietorship concern (Individual / HUF) -Institutions run by Trust / NGO / Society / others
Self-Employed
- Minimum Age- 23 years Maximum Age- 70 years
- Self Employed Professionals: -Qualified doctor (MBBS/MD/MS), CA, and Architect -Self Employed Non-Professionals, Business Owners, Proprietorship, Partners of Partnership Firm and Promoter/Director of closely held private and public limited companies. However, the Director of listed Public companies will be treated as Salaried.
Besides the aforementioned home loan eligibility criteria, PCHFL may also look into the age, credit score, job profile, employer’s profile, monthly income, etc. parameters for evaluating its applicants’ home loan eligibility, just like other banks and HFCs do. Home loan applicants with no or low credit scores can avail the Step UP Credit Card, a lifetime free secured credit card by SBM Bank (India) Ltd. with Paisabazaar as co-branded partner, to build or improve their credit scores.

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Documents Required to Apply for Piramal Home Loan
Salaried
- Application Form Dully filled along with a passport size photograph
Identity Proof
- Passport
- Driving License
- Aadhaar Card
- Voter’s Identity Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of photo/name
Income Proof
- 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
Proof of Residence
- Passport
- Driving License
- Aadhaar Card
- Voter’s Identity Card
- Utility bills like Telephone Bill /Electricity Bill etc.
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of photo/name and address.
Co-applicant’s details
- Co‐applicant of joint home loan can be a spouse or any first blood relative like parents, siblings, children who have attained the age of maturity
- Friends can only be allowed as co-applicants if they are coming in the capacity of Partners/Directors/Shareholder)

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Self-Employed
- Application Form Dully filled along with a passport size photograph
Identity Proof
- Passport
- Driving License
- Aadhaar Card
- Voter’s Identity Card
Income Proof
- Last 2 Years ITR With Computation.
- CA Audited Financials Where Ever Applicable
- 6 Months Primary Bank Statement
Proof of Residence
- Passport
- Driving License
- Aadhaar Card
- Voter’s Identity Card
- Utility bills like Telephone Bill /Electricity Bill etc.
Co-applicant’s details
- Co‐applicant can be a spouse or any first blood relative like parents, siblings, children who have attained the age of maturity
- Friends can only be allowed as co-applicants if they are coming in the capacity of Partners/Directors/Shareholder
*Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases

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Piramal Housing Finance EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395

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