If you need a personal loan to meet your financial needs, then you can apply for Piramal Finance Personal Loan.
Piramal Finance Personal Loan lets you avail of loans ranging from Rs 1 lakh to Rs 10 lakh at an interest rate starting from 12.99% with a long repayment tenure of 60 months. Piramal personal loan is an unsecured loan for which you do not have to provide any collateral. Here we will discuss the features, benefits, and charges of Piramal Finance Personal Loan and give the link button to apply.
Key Features of Piramal Finance Personal Loan
- You can get a personal loan from 1 to 10 lakhs.
- Competitive interest rate starting from 12.99% p.a.
- Enjoy flexible tenors ranging from 12 to 60 months.
- The convenience of prepaying your loan without any foreclosure charges.
Piramal Finance Personal Loan Review
|Article Topic||Piramal Finance Personal Loan Apply Online|
|Interest Rate||Competitive Interest rate starting from 12.99% p.a. Onwards.|
|Loan Amount||Up to 10 lakhs|
|Tenure Time||12 to 60 months|
|Piramal Finance Personal Loan Customer Care Number||1800 266 6444 |
Piramal Finance Personal Loan Interest Rate
Piramal Capital & Housing Finance Ltd. (Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited, is registered as a housing finance company with National Housing Bank and engaged in various financial services businesses.
Piramal Finance Personal Loan interest rate depends on your credit score, income, repayment capacity, loan amount, and market condition.
It is subject to change based on these factors and the policies of the Piramal Finance Personal Loan. If you have a good credit score, you will be charged a lower interest rate on the personal loan.
Generally, Piramal Finance offers personal loans to its customers at an interest rate ranging from 12.99% to 35.00% per annum.
|Type||Interest Rate (p.a.)|
Factors Affecting the Piramal Personal Loan Interest Rate
Personal Information: Your information, such as age, income, employment status, and credit history, is considered when determining the interest rate.
Loan Amount: The loan amount you are applying for can affect the interest rate. Higher loan amounts may carry higher interest rates.
Repaying Capacity: Your repaying capacity, or ability to repay the loan on time, is also considered while determining the interest rate.
Market conditions: The interest rate can also be affected by prevailing market conditions, such as the inflation rate and the policy rate set by the central bank.
Credit Score: Your credit score, which reflects your credit history and borrowing behavior, is one of the most necessary factors in determining the interest rate. A higher credit score can result in a lower interest rate.
Must Read this: Money View Personal Loan – Check Features & Benefits, Apply Now
Features & Benefits of Piramal Finance Personal Loan
Loan Amount: Piramal Finance offers a personal loan ranging from 1 to 10 Lakhs with flexible tenure at attractive interest rates.
Digital Application Process: The digital application process is convenient, secure, and user-friendly, allowing you to apply for a personal loan from anywhere.
Low-Interest Rate: Piramal Finance offers a competitive interest rate on Personal Loans, making it a cost-effective borrowing solution. The interest rates range from 12.99% to 35.00%.
No Collateral Required: A Piramal Personal Loan is an Unsecured Loan, for that reason you have not required any type of collateral.
Pre-closure Charges: The company does not charge any pre-closure charges on personal loans. This makes it easier to repay your loan and saves on interest.
Instant Approval & Disbursement: By opting for Piramal Finance Personal Loan, you can get instant approval in 5 minutes through an online facility at your bank and disbursement within 24 – 48 hours.
EMI calculator: Piramal Finance offers an EMI calculator on its website, which allows you to calculate the EMI on your loan based on the loan amount, tenure, and interest rate.
Free Credit Report: Credit Score affects the loan amount and interest rate you can get. Before applying for a loan in any bank, NBFC, and finance company, you can check your credit score for free on Piramal Finance website.
Balance Transfer: The Balance Transfer facility allows you to transfer your existing high-interest personal loan to Piramal Finance and enjoy a lower interest rate.
Must Read this: Aadhar Card Loan Yojana – Check Features & Benefits, Apply Now
Eligibility Criteria for Piramal Finance Personal Loan
If you want an instant personal loan from Piramal Finance, you must meet the following personal loan eligibility criteria:
- Age: The minimum age of the applicant should be 21 years, and the maximum age should not exceed 60 years.
- Residency: The applicant must be a resident of India.
- Employment: The applicant should be a salaried employee or self-employed professional.
- Income: Applicants must have a monthly source of income. The minimum income required for a Piramal Finance Personal Loan is ₹25,000 per month.
- Employment: The applicant should be a permanent employee with a minimum of two years of work experience.
- Credit Score: The applicant should have a good credit score to increase the chances of loan approval. Individuals with CIBIL Score more than 700.
Documents Required for Piramal Finance Personal Loan
The following documents are required to apply for a Piramal Finance Personal Loan:
- Identity Proof: PAN card, Aadhar card, or passport.
- Address Proof: Aadhar card, passport, voter ID, or utility bills.
- Income Proof: Last three months’ salary slips, Form 16, and bank statements for the last six months.
- Signature Proof: Passport or PAN card.
Must Read this: L&T Finance Personal Loan Apply Online Now
Factors Affecting Your Eligibility for Personal Loan
Monthly Income: Monthly income is an essential factor in determining your eligibility for a personal loan. A higher income can increase your chances of loan approval and result in a higher loan amount.
Age: The minimum age required to apply for a personal loan is usually 21 years, and the maximum is between 60-65 years.
Monthly Expenses: Your monthly expenses, such as rent, food, transportation, and other living expenses, can impact your repayment capacity and affect your loan eligibility.
Any other loans: If you already have any loans, such as a home loan or car loan, your repayment capacity may get affected, which may affect your eligibility for a personal loan.
Credit History: Your credit history, which reflects your credit behavior and payment history, is one of the most necessary factors affecting your loan eligibility. A good credit history can increase your chances of loan approval, while a bad credit history can result in rejection or higher interest rates.
Job stability: Lenders prefer to lend to borrowers who have a stable job and steady income, as this gives them more confidence in their ability to repay the loan.
Relationship with the lender: Building a good relationship with the lender can increase your chances of loan approval and result in a lower interest rate.
Your employer’s category: Your employer’s category, such as public sector, private sector, or self-employed, can also affect your loan eligibility. Some lenders may prefer to lend to borrowers who work in a particular sector or who have a certain type of job.
How to get a Piramal Finance Personal Loan Online?
Piramal Finance offers personal loans to people for multiple financial needs such as home renovation, travel, medical expenses, wedding expenses, etc. To avail of a personal loan from Piramal Finance, you need to follow these steps:
- Click on the link below to Download the Piramal Finance App and Sing up using your mobile number.
- Fill in your personal and financial details, such as your name, contact information, and employment details.
- Submit your application and wait for a response from Piramal Finance. If your application is approved, you will receive a call from the Piramal Finance Loan team for further processing.
- Once the loan is approved, you need to submit the required documents for verification. You can either upload the documents online or send them through courier.
- After the completion of the verification process, the loan amount will be disbursed to your account.
- Visit the nearest Piramal Finance branch and speak to a loan advisor.
- Fill out the personal loan application form and provide the required documents.
- The loan advisor will verify your details and process your application.
- Once the loan is approved, you will receive the loan amount in your account.
Piramal Finance Personal Loan Customer Care Number
The customer care number for Piramal Finance is 1800 266 6444. This toll-free number is available from 9.30 AM to 6.00 PM (Sunday Closed) for customers to get assistance with their loans and other financial services offered by Piramal Finance.
You can also reach out to Piramal Finance through their customer service email at [email protected] for any queries or concerns.
You can visit their nearest branch for in-person assistance.
Piramal Finance Loan Online Payment
Piramal Finance offers multiple repayment options to make it convenient for customers to repay their loans. You can choose your Piramal Finance EMIs Online Payment option at your convenience.
Auto-debit facility: You can set up an auto-debit facility with your bank to ensure that the EMI amount is automatically deducted from your bank account on the due date.
Mobile App or Website: You can log in to your Piramal Finance loan account through the mobile app or website and pay the EMI using a net banking facility or debit card.
FAQ Related to Piramal Finance Personal Loan
How much personal loan can I get from Piramal Finance?
Piramal Finance offers personal loans ranging from 1 lakh to 10 lacks. The personal loan amount available to you largely depends on your CIBIL score. A good credit score can increase the loan amount you can get and reduce the interest rate.
What is the Salary for Personal Loan in Piramal Finance?
Piramal Finance provides a variety of financial services to its customers. If you want to apply for a personal loan in Piramal Finance, your monthly salary must be 25,000.
What is the personal loan eligibility in Piramal Finance?
You must be eligible to apply for a personal loan with Piramal Finance. It is mandatory for the customers applying for the loan to have an age of 21 to 60, a monthly salary of 25,000, and a CIBIL score of more than 700. Apart from this, Aadhar Card, PAN, and Income Proof are also required.
What are the benefits of a Personal Loan from Piramal Finance?
There are many benefits to taking a personal loan from Piramal Finance. Some benefits are competitive interest rate, zero foreclosure charges, loan up to Rs 10 lakhs, flexible tenure, free credit report, etc.
How can I apply for a Personal Loan from Piramal Finance?
Piramal Finance Ltd. Provides you with an online platform to apply for a personal loan, through which you can apply for a personal loan by filling out an online form on Piramal Finance’s official website and mobile app. You can also call on Piramal personal loan customer care number at 1800 266 6444 to apply for a loan.
How to contact Piramal Finance Personal Loan Customer Care?
The customer care number for Piramal Finance is 1800 266 6444. This toll-free number is available from 9.30 AM to 6.00 PM (Sunday Closed) for customers to get assistance with their loans and other financial services offered by Piramal Finance. You can also reach out to Piramal Finance through their customer service email at [email protected] for any queries.