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Home Loan - New Purchase

With tailor-made housing loans, we partner you in making the single most important purchase in your life, one of the smoothest experiences. Buying the house of your dreams requires planning and we are here to help you along every step of the process - from selecting the right property, to checking approvals of the selected project, calculating the perfect home loan EMI and tenure. We endeavour to bring you home with a quick processing of your loan application to make the journey from a dream to reality in minimum time.

With our home loans, you get a custom solution that works for you, so if you’re looking to buy that bigger house or looking to reduce your home loan EMI, both options are made available. Our loans give you a higher eligibility option which means you have the power to choose a bigger house, while on the other hand, if you’re looking to restructure your finances to get more liquidity each month, we give you the option to reduce your home loan EMI to ease out your cash flow. So why wait, get in touch to know more!

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GET READY FOR YOUR NEW HOME!

PURPOSE
    WE OFFER LOANS FOR:
  • Direct purchase from developers for both under construction and ready property
  • Purchase of Resale property
MAXIMUM LOAN
    We offer to fund up to 90% of the cost of the property (including the cost of the land). This is subject to the regulatory caps and your repayment capacity.
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.
ADJUSTABLE INTEREST RATE HOME LOAN
Rate of interest is linked to Retail Prime Lending Rate (RPLR) and is subject to vary with changes in RPLR.
ELIGIBILITY CRITERION
    Customer Segment
  • Salaried Individuals (Both resident as well as Non Resident Indians)
  • Self Employed Individuals (Customized schemes for doctors, CAs and other professionals)
  • Self Employed Non Individuals
INTEREST RATES
Interest Rates starting from 8.65% p.a
Retail Prime Lending Rate (RPLR) – 15.65% p.a (effective October 8, 2018)

MITC

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.

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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 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 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 Housing , via its partners, is wholly committed to provide best-in-class products and services to all its customers.
ELIGIBLE CUSTOMER SEGMENT
  • Salaried and Self Employed Individuals.
  • Proprietorship Firms
  • Private Limited Companies / Closely held limited Companies
  • Partnership firms / LLPs
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 document (For individuals must have photo for individuals)
  • Passport
  • PAN
  • Aadhar Card
  • Driving License
  • Voter ID Card
CURRENT RESIDENCE ADDRESS PROOF
    Any one of the below mentioned document:
  • Passport
  • Ration Card
  • Aadhar Card
  • Driving License
  • Voter ID Card
AGE / DOB PROOF
    Any one of the below mentioned document:
  • Passport
  • Ration Card
  • Driving License
  • Birth Certificate (issued by Government body)
  • School leaving certificate (10th)
EMPLOYMENT PROOF
    Salaried customer:
  • ID card with date of Joining / appointment letter.
  • Self Employed Professional and Non professional:
  • Shops and establishment certificate
  • Trade license certificate
  • SSI Registration Certificate
  • Sales Tax / VAT /GST Registration certificate
  • Self Employed Professionals:
  • Proof of professional qualification is required in addition to above mentioned document if customer is applying in individual capacity
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)
  • Self Employed customers with income proof:
  • ITRs for last 2 years with computation of income, P&L, Balance sheet , Schedules and auditors report ( If applicable)
  • Financials should be audited if mandatory as per regulations or annual turnover is more than 2 Crores, else these need to be CA certified.

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