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Personal loan

Many dreams one Personal Loan with ZERO prepayment and foreclosure charges.

Experience the true hassle-free, quick and easy personal loan with zero pre-payment and foreclosure charges from Piramal Capital & Housing Finance Limited.

Whether it is planning your holiday, getting your dream gadget, paying off school fees, or planning that dream wedding, our personal loan is the one-stop shop for all your immediate financial needs.

We have a team of expert advisors who can help you through the entire application process, ensuring fast approvals and quick disbursal in your account.

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Features & Benefits

Zero pre-payment and foreclosure charges
Loan starting from Rs. 1 lakh to Rs. 10 lakhs
Minimum documentation
Quick sanction and instant disbursals
Pocket-friendly monthly EMIs
Flexible repayment tenure starting from 12 months to 60 months
Clubbing of income for higher loan eligibility

Who Can Apply

  • Salaried employees

    Salaried individuals working under the following can apply:

    • Government Institution
    • Private sector
    • Public sector
    • MNCs or related companies
    • Partnership Firms
    • Proprietorship concern

    Age

    • 21 years to 60 years

    Income

    • Minimum requirement of Rs. 25,000 per month.

    Work Experience

    • Minimum 6 months in the current organization

How to Apply?

Click on here to get a call from our relationship manager

Documents Required

  • Documents

    PAN Card

    Identity Proof (any one of the following)

    • Passport
    • Driving License
    • Aadhaar
    • Voter's Identity Card

    Address Proof (any one of the following)

    • Registered Leave and Lease Agreement
    • Passport
    • Driving License
    • Aadhaar Card / Aadhar Acknowledgement
    • Voter's Identity Card
    • Utility bills like Telephone Bill /Electricity Bill etc. (not more than 3 months old)

    Income Proof

    • Latest 1 month salary slips
    • Bank statements from the previous three months

    Co-applicant

    • If clubbing of income is required for higher loan eligibility, co-applicant is mandatory.
    • Only Spouse can become co-applicant
    • All above documents of co-applicant will also be required at the time of loan application

Interest Rate & Charges

  • Interest rate starting from 12.99%* per annum
  • Zero pre-payment and foreclosure charges
  • Additional charges, if applicable, will be mentioned during the application process. For detailed fees & charges click here

Risk Gradation

All "Borrower/s" on the loan facility are hereby informed that the company has the following approach and considers the following factors for assessing the gradation of risks for each Borrower:

  • Profile, the market reputation of the borrower including usage of internal credit scoring models leveraging traditional approaches like Bureau performance as well as alternative data sources,
  • Inherent nature of the product, type/nature of the facility, refinance avenues, whether the loan is eligible for bank financing, loan to value of asset financed,
  • Tenure of relationship with the borrower, past repayment track record, and historical performance of our similar clients,
  • Overall customer yield, future potential, repayment capacity based on cash flows and other financial commitments of the borrower,
  • Nature and value of primary and secondary collateral/security,
  • Type of asset being financed, end use of the loan represented by the underlying asset,
  • Interest, default risk in the related business segment,
  • Regulatory stipulations, if applicable, and
  • Any other factors that may be relevant in a particular case
  • Tenure, quantum, repayment schedule, and structure (including proposed moratorium, if any) of the proposed loan

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.