Loans for Professionals
For professionals to expand their practice multifold
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No matter what your profession, if you are looking to propel your practice to the next level, our Loan Against Property is your best option to raise funds.
Whether you want to renovate your place of work, invest in infrastructure or buy new equipment, our highly flexible and competitive loans will help you make your practice better.
If you have a property, let it work for your practice and provide the capital that you need. At Piramal, we ensure that we customize our loans to suit the needs that are unique to professionals like doctors, lawyers, chartered accountants and architects.
With loan amounts ranging from ₹ 25 lakh to ₹ 3 crore, you can take care of large capital investments by leveraging a passive asset like property.
We understand the value of your time and that is why we have a dedicated relationship manager who will take you through the formalities in quick time and ensure you have a hassle free experience.
However, Director of listed Public companies will be treated as Salaried
Interest Rate | |
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Customer Type | Rates |
Salaried / Self Employed | Interest Rates starting from 11.5%* p.a |
Fees & Charges | |
Fees & Other Charges as applicable on application/ during the term of Loan are as under. These are subject to modifications from time to time as decided by Lender as per its internal policy and any such modification shall be notified by the Lender through its website or its branches or such other medium as Lender may consider appropriate | |
Schedule of Fees & Other Charges | Details |
Processing Fees |
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Part Payment/Pre-closure charges |
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Loan repayment instrument dishonour charges | ₹ 500/- + applicable taxes |
CERSAI charges | ₹ 500/- + applicable taxes |
Loan Pre-closure Statement | ₹ 1000/- + applicable taxes |
List of documents deposited with the Lender | ₹ 500/- + applicable taxes |
Loan Repayment Schedule | ₹ 500/- + applicable taxes |
"Re-scheduling Loan terms (e.g. EMI Date change / EMI increase /Lowering of Tenor" | ₹ 5000/- + applicable taxes |
No Due Certificate issuance charges | 1st time free; subsequently ₹ 500/- + applicable taxes |
Statement of Account | Free once a year; subsequently ₹ 500 + applicable taxes |
Photocopy of documents | ₹ 500/- + applicable taxes |
Retrieval of original property documents | ₹ 500 + applicable taxes |
Additional Charges | 2% p.m. on Outstanding Amount for the non-compliance of any terms and conditions of the Transaction Documents by the Borrower, for the period beginning the date of such noncompliance until the same is cured to the satisfaction of the Lender + applicable taxes |
For detailed fees & charges and other Terms & Conditions click here |
Application form with a recent photograph
Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases
Application form with a recent photograph
Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases
The rate of interest for the same tenor for different clients can be different depending upon the combination of one or more factors listed above.
The loan you take by keeping a self-owned property as collateral is called a loan against property (LAP) or a secured loan. The value of the property determines the amount of loan that can be sanctioned. The property will be owned by the lenders if you are unable to pay the loan.
Lenders look at your repayment capability and asses your eligibility based on your income, age, employment stability, and other assets and liabilities. The loan doesn’t exceed more than 60% of the property market value. With a co-applicant, a higher amount can be lent.
With a loan on property, you can use it for any purpose, similar to a personal loan. From renovating your home, starting a business, funding medical expenses or even going on a long vacation, you can take a loan to fulfil all your needs.
You can avail loan on property using
The necessary documents for a loan against property are (may vary for salaried and self-employed professionals):