Piramal Finance Personal Loan, Interest rates from 12.99%
Get personal loans @12.99% p.a. onwards for loan amounts of up to Rs 10 lakh and repayment tenures of up to 5 years.
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Uniqueness of this product
- No locking period
- Income - 22000 monthly
- ZERO partial payment / foreclosure charges
- Govt employees upto 63 years of age
- Employees of partnership & proprietorship allowed
- Eligibility based on only FOIR
- CIBIL 0/ -1 allowed
- Loan amount ---- 1 lac to 20 lakh
- Age ---- 21 y to 60 y
- Tenure ---- 12 months to 60 months
- Employee stability ---- 6 months
- Residence stability---- 6 months in rented / Company provided house
Piramal Finance Personal Loan
Piramal Finance offers Personal Loans tailored to meet the diverse financial needs of individuals, providing them with quick and hassle-free access to funds for various purposes. With a focus on customer-centricity and transparency, Piramal Finance Personal Loans come with attractive features and flexible repayment options, making them a preferred choice for borrowers seeking financial assistance.
Features of Piramal Finance Personal Loan
Loan Amount: You can borrow between ₹ 1 lakh and ₹ 20 lakh (subject to your eligibility and creditworthiness).
Flexible Repayment Tenure: Choose a repayment plan that fits your budget, with terms up to 5 years.
Competitive Interest Rates: Rates start from 12.99% p.a., but the actual rate you receive will depend on your profile.
Quick Approvals and Disbursal: In some cases, you might get approved and receive the loan amount within 24 hours (subject to verification and approval).
Minimal Documentation: Piramal Finance aims for a streamlined application process, requiring minimal documents.
Prepayment with No Penalty: Unlike some lenders, Piramal Finance offers zero prepayment charges. This means you can pay off your loan early without any additional fees if your financial situation improves.
Convenient Online Application: Apply for the loan from the comfort of your home through their website.
Mobile App Management: Manage your loan account easily through Piramal Finance’s mobile app (downloading the app may be required).
Eligibility criteria for Personal Loan at Piramal Finance
- Age: Gotta be at least 21 and ideally under 59 to qualify.
- Credit Score: The higher the better, but generally aiming for above 750 is a good shot.
- Income: Metro Cities: Their eligibility criteria mention a minimum monthly income of Rs. 25,000.
- Job Situation: If you’re salaried, you should’ve been at your current job for at least 6 months.
Charges in Piramal Finance personal loan
Charge | Description |
Processing Fee | Up to 4% of the loan amount + applicable taxes (payable before loan disbursal) |
Documentation Charges | Up to 0.5% of the loan amount + applicable taxes |
Prepayment Charges | Up to 5% of the prepayment amount + applicable taxes (applicable if you pay off a part or all of the loan before the term ends) |
Default Interest | 2% per month on the outstanding amount from the date of default till the date of actual payment |
Check Bounce Charges | ₹ 500 + applicable taxes (charged if your loan repayment cheque bounces) |
Documents required for Piramal Finance Personal Loan
| Category | Salaried Individuals | Self-Employed Individuals |
|---|---|---|
| KYC Documents (Mandatory) | * PAN Card * Photo Identity Proof (Aadhaar, Voter ID, Driving License, Passport) * Address Proof (Aadhaar, Voter ID, Driving License, Passport, Utility Bills) | * PAN Card * Photo Identity Proof (Aadhaar, Voter ID, Driving License, Passport) * Address Proof (Aadhaar, Voter ID, Driving License, Passport, Utility Bills) |
| Income Proof | * Last 3 months’ salary slips * Form 16 (optional) | * Income Tax Returns * Profit and Loss Statements * Balance Sheets * Bank Statements (last 3 months) |
How to Apply for an Piramal Finance Personal Loan?
- Visit https://www.fincover.com/banking/loan/personal/ and select Piramal Finance
- Enter all the required information as requested and Submit your personal loan application
- Check if your personal loan is approved with the reference no provided
- If approved and verified, the loan will disbursed in few days
NBFCs
- Rs.50 lakh Personal Loan
- Rs.40 lakh Personal Loan
- Rs.30 lakh Personal Loan
- Rs.25 lakh Personal Loan
- Rs.20 lakh Personal Loan
- Rs.15 lakh Personal Loan
- Rs.10 lakh Personal Loan
- Rs.5 lakh Personal Loan
- Rs.4 lakh Personal Loan
- Rs.3 lakh Personal Loan
- Rs.2 lakh Personal Loan
- Rs.1 lakh Personal Loan
- Rs.50,000 Personal Loan
