Piramal Finance is a reputable financial institution that provides personal loan options to suit borrowers' various requirements. Their personal loan is intended to offer a simple and easy way to get money for different financial needs. The personal loan from Piramal Finance is a good choice whether you want to pay off debt, finance a big purchase, or cover unforeseen costs.
They offer competitive interest rates starting at 12.99% per annum and aim to make the personal loan process simple and accommodating. With their personal loan, you can take control of your finances and achieve your goals with greater peace of mind. To find out if you meet the requirements and whether a personal loan would help you achieve your financial objectives, you can review their eligibility criteria.
Table of Contents:
- ⇾ Piramal Finance Personal Loan Details
- ⇾ Piramal Finance Personal Loan Interest Rates & Charges
- ⇾ Piramal Finance Personal Loan Features & Benefits
- ⇾ Personal Loan EMI Calculator
- ⇾ Eligibility Criteria For Piramal Finance Personal Loan
- ⇾ Steps to Apply For Piramal Finance Personal Loan Online
- ⇾ Frequently Asked Questions
Piramal Finance Personal Loan Details
Piramal Finance personal loans offer competitive interest rates, flexible repayment terms, and a straightforward application process. The table below shows the details of the Piramal Finance personal loan.
| Personal Loan Features | Details |
|---|---|
| Interest Rates | Starting at 12.99% per annum (Actual rate may vary) |
| Loan Amount | Up to ₹5,00,000 |
| Loan Tenure | 3 to 60 months |
| Processing Fee | Up to 5% of loan amount + applicable taxes |
| Eligibility | Based on factors like credit score, income, and employment. |
| Suitable For | Debt consolidation, major purchases, and unexpected expenses. |
Are you looking for a personal loan?
Piramal Finance Personal Loan Interest Rates & Charges
Piramal Finance is well aware of how crucial it is to keep personal loan rates and fees transparent. An extensive summary of the interest rates, fees, and other costs related to Piramal Finance's personal loan products is shown in the table below.
| Piramal Finance Loan Type | Interest Rate | Processing Fee |
|---|---|---|
| Piramal Finance Home Loans | Starting at 9.50% per annum | Up to 5% of loan amount + taxes |
| Piramal Finance Business Loans | Starting at 16.49% per annum | Up to 5% of loan amount + taxes |
| Piramal Finance Personal Loans | Starting at 12.99% per annum | Up to 5% of loan amount + taxes |
Features & Benefits of Piramal Finance Personal Loan
Piramal Finance provides a comprehensive personal loan solution that is intended to meet the many needs that people have in terms of finance. Their personal loan product is designed to offer customers a variety of features and benefits, along with a simple and convenient borrowing experience.
The table below shows the features and benefits of Piramal Finance personal loan.
| Features | Benefits |
|---|---|
| Zero Charges | No Prepayment/Foreclosure Charges |
| No Co-signers/Guarantors | Qualify for the loan without needing someone to vouch for you financially |
| Quick Approvals & Disbursal | Fast access to funds in emergencies |
| EMIs that fit your Pocket | Flexibility in loan tenure, prepayment, and foreclosure as well. |
| Paperless Document | Get instant loan by submitting the required document online (quick and hassle-free) |
| Secure Process | 100% secure process to maintain your personal and financial information. |
Personal Loan EMI Calculator
Before applying for a personal loan, you should organize your budget by figuring out your monthly EMI. You can use an online EMI calculator to get an estimate of your Piramal Finance personal loan EMI.
Here are the steps involved in estimating your Piramal Finance personal loan EMI with an EMI calculator.
- Step 1: Find a reliable financial website that provides an EMI calculator for personal loans.
- Step 2: Enter the interest rate, loan tenure, and the desired loan amount you wish to borrow.
- Step 3: After entering the above details, click on the "Calculate" button.
- Step 4: The EMI calculator will give you an approximate monthly payment amount for your personal loan from Piramal Finance.
Piramal Finance Personal Loan Eligibility Criteria
Piramal Finance has established a set of eligibility criteria that applicants must meet in order to qualify for a personal loan. The eligibility criteria assess several key factors related to an applicant's financial standing and ability to repay the loan.
Here are the general eligibility criteria for a Piramal Finance personal loan.
- Age: Between 21 and 60 years old.
- Employment Status: Salaried individual working in a government, public sector undertaking (PSU), or private limited company with a minimum of 6 months of work experience at your current company.
- Credit Score: A good credit score means a higher chance of loan approval and potentially lower interest rates.
Don't know your credit score? You can find out for free!
Also get a Free Credit Report
Documents Required For Piramal Finance Personal Loan
Piramal Finance requires applicants to provide specific documentation when applying for a personal loan. Submitting the necessary documents in full ensures a smooth and efficient application process.
The table below shows the documents that are required for both salaried and self-employed individuals.
| Document | Salaried Individual | Self-Employed Individual |
|---|---|---|
| Identity Proof | Aadhaar Card, Passport, Voter's Identity Card | Aadhaar Card, Passport, Driving License, Voter's ID |
| Address Proof | Passport, Aadhaar Card, Driving License, Voter's ID, Utility Bills | Passport, Aadhaar Card or Aadhar Acknowledgement, Driving License, Voter's ID, Utility Bills |
| Office Address Proof | Not Applicable | GST Registration Certificate |
| Income Proof | Salary Slips for the latest 3 months, Bank account statement of salary, Form 16 | Income Tax Returns (ITR) for the last 2-3 years, P/L Statements and Balance Sheets for the last 2-3 years |
Steps to Apply For Piramal Finance Personal Loan Online
Piramal Finance offers a convenient online application process for individuals seeking personal loans. Applying digitally eliminates the need for visiting a physical branch location and results in a smooth borrowing experience.
Let's take a look at the steps involved in applying for a Piramal Finance personal loan online.
- Step 1: Visit the Piramal Finance Website and find the personal loan section.
- Step 2: Click on "Apply Now" and initiate the loan application process.
- Step 3: Enter your PAN details, your monthly income, and KYC details.
- Enter the bank account number to which you want your loan to be credited.
- Step 4: Once your information is verified, Piramal Finance will present a loan offer with details like interest rate, EMI, and total loan amount.
- Step 5: Enter your work information.
- Step 6: Upon final approval, the loan amount should be electronically transferred to your verified bank account.
Do you need an emergency loan?
Frequently Asked Questions
Piramal Finance offers interest rates that vary depending on the loan product. Interest rates start at 9.50% per annum for home loans and 12.99% per annum for personal loans.
Piramal Finance is a Housing Finance Company (HFC) that offers loans for homes and other financial products. They are registered with the National Housing Bank (NHB).
Piramal offers personal loans from Rs. 25,000 up to Rs. 5 lakh depending on your eligibility. However, the actual amount you can qualify for will depend on your creditworthiness and income.
The minimum salary requirement for a personal loan at Piramal Finance depends on whether you are salaried or self-employed. For salaried individuals, the minimum monthly income is ₹15,000.
It depends on your eligibility based on factors like income, credit score and age. But some lenders may offer up to Rs. 2 crore.
Documents needed for their personal loan application can vary based on your employment type (salaried, self-employed etc.) but typically include ID proof, address proof, PAN card, and income proof (salary slips/bank statements).
Yes, you can apply for a Piramal Finance personal loan online. Their website offers personal loans with competitive rates and allows for online applications. They have a mobile app as well for existing customers to manage their loans.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.
Rated 4.5 on Google Play
10M+ App Installs
25M+ Applicants till date & growing
150K+ Daily Active Users