Piramal Housing Finance Home Loan Interest Rates

Piramal Housing Finance
4.5

Piramal Housing Finance home loans feature convenient EMIs, flexible tenure, seamless documentation and affordable interest rates. The loan amount ranges from INR 5 lakhs to 2 crores. The interest rate begins from 11% pa, and the tenure can go up to 30 years. Both salaried and self-employed individuals can avail of the loan.

  • Piramal Housing Finance Home Loan Interest Rate

    Home Loan offer for You

  • 11%

    Interest Rate (p.a.)
  • ₹5L - ₹2Cr

    Tenure(Up to 30 Years)
  • ₹2,174

    EMI Per Lakh

Check Latest Home Loan Offer From Piramal Housing Finance

  • Piramal Housing Finance Home Loan Interest RateHome Loan offer for You
  • 11%

    Interest Rate (p.a.)
  • ₹5L - ₹2Cr

    Tenure(Up to 30 Years)
  • --

    Processing Fee

Compare Piramal Housing Finance Home Loan Interest Rates with Other Lenders

It is always a good idea to explore the options available in the market to get acquainted with the prevailing interest rates. While Piramal Housing Finance home loan interest rates start from 11%, here is a list of some top banks offering home loans and their respective interest rates.

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Piramal Housing Finance home loan interest rates are at a starting rate of 11%. Customers can procure this rate by being eligible for the scheme while adhering to specific parameters. Moreover, the scheme allows borrowers to pay off the loan amount with affordable EMIs. The available amount for the Piramal Housing Finance Home Loan ranges from INR 5 Lakhs to INR 2 Crores. Also, customers can choose the tenure, which maxes out at 30 years.

Piramal Housing Finance Home Loan Highlights

With the Piramal Housing Finance home loan interest rates, customers can expect the following benefits from the scheme.

  • Attractive Interest rates starting at as low as 11% per annum. 
  • Flexible tenure options of repayment of up to 30 years. 
  • Flexibility to choose between a fixed and a floating interest rate. 
  • Customers can get expert advice on utilising the Piramal Housing Finance home loan scheme with low expenses. 
  • Customers can acquire a home loan of up to 5 crores, depending on their eligibility which they can use to renovate, purchase, or construct a new home. 

Piramal Housing Finance Home Interest Rates on Loan Schemes

Customers availing of the Piramal Housing Finance home loan will access the full range of home loan products. The interest rates as per the loan schemes are as detailed below:

Home Loan 

Enjoy the benefits of the home loan facility by Piramal Housing Finance with competitive interest rates, flexible repayment tenures, and other provisions. Interest rates start from 11% for a tenure of 30 years with a funding amount of up to INR 5 crores. 

Construction Loan

With an easy and hassle-free application process, Piramal Housing Finance home loans can be procured for construction. Depending on their eligibility, applicants can access various features and benefits, including flexible repayment tenure and a 90% loan-to-value ratio. The Piramal Housing Finance housing loan interest rates for construction start from 11% per annum.

Home Renovation Loan

Anyone who needs to get their flooring, tiling, or other kinds of renovation work done without altering the carpet area of the house can apply for a home renovation loan from Piramal Housing Finance for a starting interest rate of 11%. 

Pradhan Mantri Awas Yojana

Under the Housing for All scheme by the government of India, Piramal Housing Finance is deploying funds for the economically weaker sections of society. Customers availing this government subsidy can get lower interest for INR 2.67 Lakhs. The applicable interest rates are 4% and 3% for MIG I and II, respectively. 

Home Loan Balance Transfer 

Enjoy the benefits of the home loan balance transfer facility by Piramal Housing Finance with competitive interest rates, flexible repayment tenures, and other provisions. Interest rates start from 11% for a tenure of 30 years with a funding amount of up to INR 5 crores. 

Extension Loan

If you are considering expanding your home space, such as an additional room or additional floor, then an easy and quick financing option can be the Piramal Housing Finance home loan extension variant. The interest rates will start from 11% per annum. 

Piramal Housing Finance Home Loan Interest for Salaried and Self-Employed,

The Piramal Housing Finance Home Loan Interest rate for salaried and self-employed borrowers are as listed below:

Borrower Category Interest Rate
Salaried 11%  
Self-employed 11% 
For Top-Up Loan Facility 
Salaried 11%
Self-employed11%

Piramal Housing Finance Home Interest for Government Employees

Government Employees can get ample funding of up to INR 5 crore to meet their financial needs of home construction, home purchase, or home renovation. The interest rates are attractive and competitive, along with a full range of features and benefits, making the Piramal Housing Finance Home Loan for Government employees scheme a lucrative funding option. The interest rates start from 11%.

Piramal Housing Finance Bank Home Loan Interest Rates For Women

Women can approach the bank to procure a Piramal Housing Finance home loan facility. Customers will access attractive interest rates, fast loan sanctions, extensive funding options, reduced EMIs, an easy application process, and more. The interest rates start from 11% per annum.

Piramal Housing Finance Home Loan Fees and Charges

With the home loan, customers must pay specific fees and charges in addition to the monthly EMIs. These charges are non-refundable and a one-time deal. However, there are also penalties involved in missed EMI payments which can depend on the customer’s repayment behaviour. Some fees and charges for Piramal Housing Finance Home Loans are listed below:

Types of Fees Applicable Charges 
Application/Login Processing FeeINR 3500 plus applicable taxes
Loan Processing Fee3% of the loan amount plus taxes
EMI Bounce ChargesUp to INR 3000
Penal InterestUp to 2%
Security Fees Up to INR 4999

How to Calculate Piramal Housing Finance Home Loan Interest?

Always use a home loan EMI calculator before applying for the loan scheme. This can give an approximate estimate of how the interest payment expenses will look in the future. Consequently, customers can create an appropriate financial plan during their loan repayment tenure, easing their expenses. The easiest way to calculate the Piramal Housing Finance home loan EMIs is to use an online calculator tool. Anyone who needs to calculate manually can use the following mathematical formula.

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Here,

  • ‘P’ stands for the Principal amount,
  • ‘R’ stands for the interest rate, 
  • ‘N’ stands for tenure. 

Why are Piramal Housing Finance Home Loan Interest Rates the Best Option for Customers?

Piramal Housing Finance Bank is a prominent bank for home loans in India. With home loan interest rates starting from 11% per annum, Piramal Housing Finance offers several housing finance schemes to cater to a wide range of customer needs. Additionally, housing finance is available for salaried employees, self-employed, advocates, and women based on their eligibility criteria with flexible repayment tenure of up to 30 years. When applying for Piramal Housing Finance home loans, access attractive interest rates compared to other lenders and substantially save on processing fees and other charges. 

Piramal Housing Finance Home Loan Interest Rates for Existing Customers

Customer holding accounts with the Piramal Housing Finance Bank have the advantage of being a trusted account holder. Consequently, customers have a higher chance of getting their loans sanctioned. Moreover, this can also help the customers get a pre-approved loan quote. The interest rates for existing customers start at 11%. 

Factors Affecting Piramal Housing Finance Home Loan Interest Rate and EMI

Being aware of the factors that affect the Piramal Housing Finance Home Loan interest rates and EMIs can assist a customer in opting for the loan policies with prudence. These factors impacting interest rates can also improve creditworthiness, diminish EMIs, plan finance, and much more. Some major factors that affect the Piramal Housing Finance Home Loan are explored below:

  • Whether the interest rate is flexible, floating, or mixed rates.
  • Central bank policies on standard market interest rates.
  • Home evaluation and loan-to-value ratio. 
  • Location and condition of the property. 
  • Duration of repayment
  • Creditworthiness of the applicant.
  • Repayment behaviour of the applicant. 

Frequently Asked Questions (FAQs)

What's the interest rate for Piramal Housing Finance?

The prevailing Piramal Housing Finance home loan interest rate starts from 11%.

Does Piramal Housing Finance provide a 90% home loan?

Piramal Housing Finance does provide a 90% Loan-to-Value ratio with an interest rate starting from 11%.

What is the EMI for a 30 lakhs home loan for 20 years?

The EMI amount for a home loan worth 30 lakhs for 20 years after using the above formula would total INR 23,966 per month.

How can I reduce my Piramal Housing Finance home loan interest rate?

Many ways to reduce the Piramal Housing Finance home loan interest rates include selecting lower repayment duration, using a balance transfer facility, negotiating on annual EMIs, and prepaying loans.

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