Home Loan in Ahmedabad

Piramal Finance has a very simple process to apply for a home loan. You can apply for a home loans online, without any hassles. A dedicated representative will always be there to guide you through the entire process.

In order to be eligible for a home loan, you have to satisfy certain eligibility criteria set by the lender. As for home loans from Piramal Finance, the eligibility criteria are very basic.

• Eligibility criteria for salaried applicants

Any individual working in a government institution, public sector undertaking department or a private office can apply for a home loan. The minimum age to apply for a home loan, in this case, is 21 years. Pension receiving individuals upto the age of 70 can also apply for a home loan.

• Eligibility criteria for self-employed applicants

Any self-employed individual over the age of 23 can apply for a home loan. The maximum age for self-employed people to apply for a home loan is 70 years. Any self-employed professionals like doctors, designers and chartered accountants can apply under this category. Self-employed individuals also include business owners, partners of partnership firms and directors of private limited companies.

Applicants need to submit a set of documents before the approval of the loan. Here's what is needed.

1. Proof of identity

• Aadhar card
• Voter's ID card
• Driving license
• NREGA job card
• NPR-issued letter
• Passport

2. Proof of residence

• Aadhar card
• Voter's ID card
• Utility bills (electricity, water, phone bills)
• NREGA job card
• NPR-issued letter
• Passport

3. Proof of income

Salaried individuals can produce any of the following:

• Salary slips of last 3 months
• Latest bank statement with salary credit
• Latest bank statement without salary credit, along with salary slips.
• 2 Years’ Form 16

Self-employed individuals can produce any of the following:

• IT Returns of the last two financial years
• Audit of financial statements by a CA
• Recent bank statements

Piramal Finance has very nominal interest rates at which they approve loans. Home loans start at an interest rate as low as 11.00%* p.a.

You can repay the loan however you want. You can choose a convenient tenure ranging from 5 years to even 30 years.

Ahmedabad’s economy is growing at a pace faster than most cities in India. The job and business opportunities in the city make it amongst the top 5 cities in the country. All things considered, Ahmedabad is one of the best cities to reside in.