get a call clear
Verify
By Clicking on Request call Back you are agreeing to the Website Usage and Privacy Policy.
calculators clear
Home loans Home loans

Home Loans in Chennai

Are you planning on buying a house in the educational, economic, and cultural capital of south India? Get smart and customised plans for your home loan in Chennai with Piramal.

This city on the plains of the Coromandel Coast is also known as the “Gateway to South India” and is home to various educational institutes and technology parks.

Chennai is rich in traditional culture and modern infrastructure. It is famous for its world-class healthcare centres, banking institutes, and the entertainment industry. Growing opportunities in the city have brought a rise in real estate development projects across the city.

Get a home loan in Chennai easily with the guidance of the experts at Piramal. We work with you to create a smart financial plan with our personalised loans. Whether you plan to buy a flat or construct your own house, our resourceful managers will help you move into your new home with ease.

Apply Now

Super Loan

GET READY FOR YOUR NEW HOME!

  • Key features
  • additional benefits
  • document required
  • approved-projects
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 9%* p.a
Retail Prime Lending Rate (RPLR) – 16.05% p.a (effective May 5, 2019)
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 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

Housing finance in chennai