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Advantage Loan

What makes our home loans the best fit for you? Well, our home loans are customized keeping your specific needs in mind. We help you through all steps of the home loan process. We strive to make your home loan process quick and smooth, and bring the home of your choice, from your dreams into your life!

With our Advantage Home Loans, you get solutions that work for you. Are you someone who expects to have a pension income post retirement? Or someone who wishes to apply with your parents who are nearing retirement? Choosing this loan would mean: No restrictions on the loan tenure due to age norms criteria, a higher eligibility option, and EMIs matching your income. That gives you the power to get a bigger and better home. To know more about our offerings, get in touch with us and begin your exciting journey now!

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GET READY FOR YOUR NEW HOME!

  • Key features
  • additional benefits
  • document required
  • approved-projects
PURPOSE
We offer loans for:
  • Customers who have an additional co-applicant (especially parents) income support who are nearing retirement.
  • Government employees who expect to have pension income post retirement.
MAXIMUM LOAN
Up to Rs. 10 Crores.
MAXIMUM TERM
Up to 30 years subject to your retirement age.
APPLICANT AND CO-APPLICANT TO THE LOAN
Home Loans can be applied for either individually or jointly.
ELIGIBILITY CRITERION
Customers can be both salaried and self-employed (At least one resident salaried individual should be an income contributor on the loan).
TAX BENEFITS
The income tax authorities offer certain benefits and exemptions to individuals who have taken a housing loan from specified financial institutions.
  • Section 24 of the Income Tax Act
    Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction. Rs 2,00,000 is the maximum amount eligible for deduction in the case of self-occupied property and for rented out property there is no limit of amount of deduction.
  • Section 80C of the Income Tax Act
    You can get a maximum Rs.1,50,000 deduction from the Income, on repayment of principal during a financial year. Stamp duty, registration fee or other such expenses paid for the purpose of transfer of such house property to the assessee is also considered under this amount.
INTEREST STARTS ON THE DAY YOU ACCEPT THE CHEQUE AND NOT WHEN WE PRINT IT.
DEDICATED RELATIONSHIP MANAGER
Get expert advice and support at every step of your home-buying experience. Don't worry or stress about waiting in long queues online or offline - just call your dedicated relationship manager!
ADVISORY SERVICES FOR PROPERTY SELECTION.
Owning your own home is one of life’s greatest decisions and investments. Introducing, "Piramal Verified" our in-house, robust framework to ensure that both, your home and home loan come from a trusted source.

Know More
INSURANCE PRODUCTS
LIFE AND HOME INSURANCE
Investing in real estate has long been the most lucrative option of choice for Indians. However, the continually increasing prices and the associated high financial exposure makes buying real estate an expensive affair, and hence, most individuals opt for a home loan. A home loan EMI forms a significant chunk of one’s financial plans, and in any unfortunate event to the borrower or the property, the financials of the borrower may be considerably affected impacting his or her ability to re-pay the loan.

To ensure that all our customers are secure and have a sense of comfort during the tenure of re-payment of the loan, Piramal Capital & Housing Finance, recommends to each of its esteemed customers to get their loan repayments and properties insured. Piramal Housing is extremely pleased to tie up with HDFC Life and Max Life to provide for life insurance cover for its customers and HDFC Ergo to insure the property financed. Under these tie-ups customers can make their insurance premium payments hassle free and seamless. Piramal Capital & Housing Finance , via its partners, is wholly committed to provide best-in-class products and services to all its customers.
ELIGIBLE CUSTOMER SEGMENT
  • Salaried Individuals
LOAN AMOUNT
  • From 20 Lakhs to 10 Crores
INCOME CLUBBING
  • Income of close family members ( Spouse / Parent / Children ) can be clubbed.
  • Incomes of siblings can be clubbed, subject to conditions, if they are co-owners in property.
LOAN TO MARKET VALUE
Loan amountupto 30 Lakhsupto 30 -75 LakhsMore than 75 Lakhs
FundingUpto 90%80%75%

The above is subject to market value of the property and repayment capacity of the customer, as assessed by PCHF

PHOTO IDENTITY PROOF
    Any one of the below mentioned documents:
  • Passport
  • PAN
  • Aadhar Card
  • Driving License
  • Voter ID Card
CURRENT RESIDENCE ADDRESS PROOF
    Any one of the below mentioned documents:
  • Passport
  • Ration Card
  • Aadhar Card
  • Driving License
  • Voter ID Card
AGE / DOB PROOF
    Any one of the below mentioned documents:
  • Passport
  • Ration Card
  • Driving License
  • Birth Certificate (issued by Government body)
  • School leaving certificate (10th)
BUSINESS / EMPLOYMENT PROOF
    Salaried customer:
  • ID card with date of Joining / appointment letter.
INCOME DOCUMENTS
    Salaried customers:
  • Payslip for last 3 months.
  • Latest Form 16 or ITR
  • Performance Appraisal letter / Bonus letter - as proof of bonus ( if applicable)

Testimonials

We are in the business of financial planning but the day I finalised my property, I needed to get a loan and I found Piramal to be the best option. They cater to all the requirements of the customers and helped me at every single step along the way.

Nirmal Dand,
Financial Planner
nirmal-dand