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Home » Piramal Finance Home Loan 2024: A Good Option for Non-Income Proof Customers

Piramal Finance Home Loan 2024: A Good Option for Non-Income Proof Customers

Piramal Finance presents house loans with reasonable interest rates, beginning at 9.75% per annum. The funding can be used to purchase new, under-construction, or self-constructed residences. Piramal Finance Home loans make it simpler to own your dream home or property.

This financial institution ensures that the loan application process is transparent and straightforward. Whenever any kind of assistance or support with a home loan is required, such as understanding the application process or loan terms, a professional relationship manager is assigned to you.

As the loan provides several repayment options, you may diligently organize and handle your budget. Every request for a loan is assessed instantly, and the loan allows you to effortlessly purchase the property of your dreams. Whether it’s a newly constructed home or a previously owned house.

Highlights and Advantages of Piramal Home Loans


The numerous advantages of the Piramal Home Loan are detailed below.

  • Piramal Finance funding to non-income-proof customers.
  • Piramal Finance is offering home loans for Plot + Construction & Plot purchase.
  • The process of applying for a Piramal house loan is pretty simple. Applicants may apply for a loan via an online medium as well.
  • The loan application requires only a few documents.
  • Piramal home loans provide flexibility in payback periods, foreclosures, and repayment terms.
  • Both employed and self-employed individuals can apply for a Piramal home loan.
  • Even Individuals with a cash salary can apply for Piramal housing loans.

Piramal Finance Home Loan Key Highlights 2024

Ticket Size

Interest Rates

Funding

10 Lacs – 4 Cr

Salaried: 9.75% – 15%

90% of registry value or market value (whichever is lower)

SENP: 11% – 12% to 15% (T&C)

Eligibles to Apply for Piramal Finance Home Loan

  • Individuals Without ITR & GST can apply for a home loan from Piramal Finance.
  • Individuals who receive Cash Salary can opt for this loan.
  • Individuals with Incentive income may apply for this loan.
  • Individuals earning Rental income may apply for these loans.
  • Individuals with CIBIL issues can also apply for this loan.
  • D Grade Profile.
  • Mcd Profile.
  • Constable & Lawyer Profile.
  • Defence Profile.
  • Navy Profile.

    Accepted Collateral


    • GPA Registered Property
    • Home loan ( Subject to Sale deed)
    • Khasra Properties.
    • Properties falling in MCD demolition/ unauthorized

    construction list.

    • All Delhi NCR property Accepted.
    • Without Map Property
    • Khasra Khatauni Plot
    • Khasra Khatauni Purchase
    • Lal Dora Properties .

    Required Documents to Apply for Piramal Finance Home Loan

    Document Type

    Salaried Individuals

    Self-Employed Individuals

    KYC of Applicant & Co-Applicant

    Required

    Required

    Last 3 Month Salary Slip of Applicant

    Required

    Not applicable

    Last 12 month Bank Statement of Applicant & Co-Applicant

    Required

    Required

    Last 3 year ITR with computation of income of Applicant & Co-Applicant

    Required

    Required

    Last 2 Year Form 16 of Applicant

    Required if available

    Not applicable

    26AS of last 2 year of Applicant & Co-Applicant

    Required

    Required

    Appointment letter of Applicant (if available)

    Required if available

    Not applicable

    Agreement to Sale (if purchase case)

    Required if applicable

    Required if new purchase case

    Property Paper with complete chain of last 13 years

    Required

    Required

    Approved MAP of Property (if available)

    Required if available

    Required if available

    LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case

    Required

    Required

    Sanction letter of all running loan

    Required

    Required

    Latest utility Bill (owned residence) or rent agreement (if rented)

    Required

    Required

    2 Reference with contact details

    Required

    Required

    Copy of GST registration

    Not applicable

    Required

    Copy of MSME registration

    Not applicable

    Required

    Copy of Last 12 month GST return

    Not applicable

    Required

    Last 3 year audited balance sheet of Applicant

    Not applicable

    Required

    Last 3 year Tax audit report of Applicant

    Not applicable

    Required

    Agreement to Sale (if new purchase case)

    Not applicable

    Required if new purchase case

    Debt Sheet

    Not applicable

    Required

    Latest utility Bill of Office (if owned) or rent agreement (if rented)

    Not applicable

    Required

    Last 3 year Debtors & Creditors on letterhead

    Not applicable

    Required

    List of Directors & Shareholders (if Company) or List of Partners (if Partnership firm/LLP)

    Not applicable

    Required

    How to Apply For Piramal Finance Home Loan?



    If you’re looking for a home loan, follow the instructions below:


    • Open https://referloan.in/.
    • Navigate to the “Loan” option.
    • Click on the “Home Loan” option.
    • Select Piramal Finance Home Loan.
    • If you’re an existing client, complete the form. New people must first register before submitting their application form.
    • Enter your name, phone number and email ID for OTP authentication.
    • Bring in your earnings and KYC information.
    • Choose your loan size.
    • Attach all relevant papers.
    • Send your application form.
    • Wait for a response from Refer Loan’s Team.

    How To Reach Piramal Finance?

    If you have any questions or doubts about your home loan, you can contact Piramal Finance by calling 1800 266 6444 or emailing customercare@piramal.com.


    Bottom Line



    Piramal Home Loan is one good solution to take out while purchasing your home in India. They offer fair interest rates on a variety of properties, including construction loans, refurbishment loans, and loan balance transfer options.


    According to Section 80C of the Income Tax Act, customers of Piramal home loans can deduct up to Rs 1.5 lakh in taxes on the balance of the principal amount repaid in a single fiscal year. Section 24(b) allows them to claim deductions for up to Rs 2 lakh in house loan interest paid out in a given fiscal year.

    Special home loan tax savings are available to first-time homeowners. Section 80EE allows all buyers, for the first time, to claim an extra tax relief of up to Rs. 50,000. This is entirely distinct from the tax advantages on interest as well as the principal amounts of home loan installments. As a result, individuals will gain even more from purchasing a first-time house.









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