Piramal Finance Personal Loan

Following are the key details of Piramal Finance personal loan details: 

Following are the key features and benefits of Piramal Finance personal loan: 

• Get instant personal loans varying from Rs. 25000 to Rs. 5 Lakhs online within a few minutes.
• The processing fee is up to 4% of the sanctioned loan amount plus applicable taxes. 
• Piramal Finance personal loan interest rate starts from just 12.99% p.a.
• The loan can be repaid within a flexible tenure of 12 to 60 months in easy EMIs (Equated Monthly Instalments).
• The loan involves zero prepayment and foreclosure charges.
• This personal loan is for salaried individuals only.
• Minimum documentation is required to avail of the loan.
• Quick sanction and instant disbursals.
• Applicant can club their income with eligible co-applicants for higher loan eligibility.

Piramal Finance personal loan interest rates are fixed in nature and start from 12.99% per annum, depending on the loan amount to be borrowed, repayment tenure, and borrower’s eligibility. The applicant will also be required to pay a personal loan processing fee of up to 4% + applicable taxes along with the Piramal Finance loan interest.

The following are the personal loan eligibility criteria at Piramal Finance:

• Salaried individuals working under the following can apply:
  • Government institution
  • Public sector
  • Private sector
  • Multinational companies (MNCs) or related companies
  • Proprietorship concern
  • Partnership Firms
• Age required: The applicant must be aged between 21 years to 60 years.
• Required income: The minimum requirement of income is at least Rs. 25,000 per month.
• Work experience: At least 6 months in the current organization.
• Co-applicant: Only the spouse of the main applicant can become a co-applicant.

The documents required to apply for the Piramal personal loan are as follows:

• PAN Card
• Proof or identity (any one of the following):
  • Aadhaar
  • Passport
  • Driving License
  • Voter's Identity Card
• Proof of address (any one of the following):
  • Registered Leave & Lease Agreement
  • Passport
  • Aadhaar Card or Aadhar Acknowledgement
  • Driving License
  • Voter's Identity Card
  • Utility Bills (not more than 3 months old) like Electricity Bills, Telephone Bills, etc. 
• Proof of income:
  • Last 1 month’s salary slip
  • Bank statements of the previous 3 months
• Documents required for co-applicant: If you are clubbing your income with a co-applicant for higher loan eligibility, all the above documents of the co-applicant will also be required at the time of application.

Following are the fees and charges applicable when availing of a personal loan from Piramal Finance:

• Processing fee: Up to 4% of loan amount + applicable taxes. 
• Default interest: 2% p.m. on default of PEMII/EMI.
• Part-payment/Foreclosure charges: Nil.
• Loan pre-closure statement: Rs. 1,000 + applicable taxes.
• Loan repayment instrument dishonour charges: Rs. 500 + applicable taxes.
• Loan Repayment Schedule (for physical copies): Rs. 500 + applicable taxes.
• Photocopy of documents: Rs. 1,000 + applicable taxes.
• Additional charges for non-compliance with any terms &conditions of the transaction documents: 2% p.m. on the outstanding amount.

Getting a personal loan from Piramal Finance is easy and instant. Here are the steps you need to follow:

• Visit the official website of Piramal Finance at https://uat2.piramalfinance.com/.
• Open the personal loan page by clicking on the ‘Personal Loan’ tab on the landing page.
• Click on the ‘Apply Now’ button.
• A pop-up form will open on the screen where you will be required to fill in the basic details mentioned below:
  • First name and last name
  • Mobile number
  • E-mail address
• Select ‘Personal Loan’ from the dropdown menu under ‘I’m Interested In’.
• Mention the desired loan amount.
• Select the State you are living in from the dropdown list under ‘States’.
• Choose the City of your residence from the dropdown list under ‘City’.
• Enter the Captcha code.
• Click on the box for confirmation and then click on the ‘Submit’ button.
• You will soon get a call from Piramal Finance’s relationship manager.

You can contact Piramal Finance for any queries, complaints, and feedback regarding their loan or other products and services at the following number: 1800 266 6444.

You can also Visit or write to Piramal Finance at the following registered address:

601, 6th Floor, Amiti Building, 
Agastya Corporate Park, Kamani Junction, 
Opp. Fire Station, LBS Marg, 
Kurla (W) Mumbai MH 400070