Piramal Finance Personal Loan

Piramal Finance offers instant personal loans up to ₹25 lakh with interest rates starting at 12.9% per annum. The repayment period is flexible, ranging from 12 to 60 months. The process is simple, with quick approvals and minimal paperwork, making it easy for borrowers to get funds for various needs like medical expenses, home renovation, or education.

Piramal Finance Interest Rates, Fees & Charges

Piramal Finance Personal Loan Eligibility

To apply for a Piramal Finance Personal Loan, applicants must meet the following criteria:

1. Individuals working in private companies, public sector organizations, or government jobs can apply.

2. The applicant must be at least 21 years old at the time of application and should not be older than 63 years at the time of loan maturity

3. A minimum work experience of 2 years is required, with at least 1 year in the current job.

4. Salaried individuals must have a minimum monthly income of ₹20,000 to be eligible.

5. Self-employed individuals should have a minimum annual income of ₹3 lakh and at least 2 years of stable business operations.

6. Salaried individuals must have a minimum monthly income of ₹20,000 to be eligible.A good credit score is important for loan approval.

Piramal Finance may also consider other financial factors before approving the loan.

Document Required For Piramal Finance Personal Loan

Types of Loans Offered by Piramal Finance

Below-mentioned are the various types of loan schemes offered by Piramal Finance:

1. Piramal Finance Personal Loan
   • Purpose: Piramal Finance Personal Loan is designed to meet various personal needs such as medical emergencies, education, travel, weddings, or other financial requirements.
   • Loan Amount: Up to ₹25 lakh
   • Tenure: 12 to 60 months
2. Piramal Finance Business Loan
   • Purpose: This loan supports business expansion, working capital needs, or the purchase of equipment for business growth.
   • Loan Amount:Customized based on business requirements
   • Tenure: Flexible repayment options
3. Piramal Finance Home Loan
   • Purpose: Home Loans are offered for buying, constructing, or renovating a house.
   • Loan Amount:Up to ₹1 crore (depending on eligibility)
   • Tenure:Up to 30 years
4. Piramal Finance Loan Against Property
   • Purpose: Piramal Finance Personal Loan is designed to meet various personal needs such as medical emergencies, education, travel, weddings, or other financial requirements.Borrowers can avail funds by mortgaging their residential or commercial property for personal or business needs
   • Loan Amount:Up to 80% of the car’s value
   • Tenure:Up to 5 years
5. Piramal Finance Used Car Loan
   • Purpose:This loan provides financing options for purchasing a pre-owned car.
   • Loan Amount:Up to ₹1 crore (depending on eligibility)
   • Tenure: Up to 30 years
6. Piramal Finance MSME Loan
   • Purpose: Piramal Finance Personal Loan is designed to meet various personal needs such as medical emergencies, education, travel, weddings, or other financial requirements.Special funding is offered to small and medium-sized businesses (MSMEs) for growth, working capital, or other business-related expenses.
   • Loan Amount:Customized based on business needs
   • Tenure: Flexible repayment options

Key Features of Piramal Finance Personal Loans

1. Loan Amount: They may offer personal loans ranging from a minimum to a maximum amount, depending on the borrower's profile.

2. Interest Rates: Competitive interest rates tailored to the borrower's creditworthiness.

3. Tenure: Flexible repayment options, typically ranging from 12 months to 60 months.

4. Eligibility: Criteria such as age, income, employment status, and credit score.

5. Documentation: Commonly required documents include ID proof, address proof, income proof, and bank statements.

6. Application Process: A streamlined online application process with quick approval and disbursal.

Why Apply For Piramal Finance Personal Loan At BigMudra.com

Below are the reasons why applicants should apply for a Piramal Finance Personal Loan through BigMudra.com:

1. Offers from Trusted Lenders: BigMudra has partnered with multiple banks, NBFCs, and financial institutions to provide the best loan offers from various lenders in one place.

2. Compare & Choose Easily: On BigMudra, you can compare personal loan offers from top lenders in India with just a few clicks. This helps you find the most suitable option for your needs.

3. Personalized Solutions & Approval Assurance: BigMudra ranks personal loan offers based on your credit score and eligibility, ensuring you get the most suitable offer with a higher chance of approval.

4. Pre-Approved Loans: Once you are part of the BigMudra ecosystem, you receive personalized pre-approved loan offers based on your credit profile. These offers come with low-interest rates, minimal processing fees, and almost no documentation.

5. Unbiased Guidance: BigMudra’s team of experts is available to assist you at every step, answer your queries, and coordinate with lenders to help you secure the best personal loan.

6. 100% Digital Process: BigMudra offers a completely digital process, allowing you to apply for a personal loan from the comfort of your home with minimal paperwork and a seamless online experience.

7. Document Pickup Service: If physical documentation is required, BigMudra representatives will collect the documents from your home or office at a convenient time. You don’t need to visit the lender personally, as BigMudra handles everything for you – at no extra cost.

How to Apply for Piramal Finance Personal Loan

Piramal Finance offers Instant personal loans to its pre-approved existing customers based on their credit profile. Existing customers can also visit BigMudra.com to check their eligibility for Piramal Finance pre-approved personal loans and apply easily.

Piramal Finance Personal Loan Customer Care Number

1. Helpline Number: 1800 266 6444 accessible across India, or you can directly email them at customercare@piramal.com

FAQs

1. What is the maximum loan amount offered by Piramal Finance?
   Piramal Finance offers personal loans up to ₹25 lakh, depending on the applicant’s eligibility and credit profile.

2. What is the interest rate on Piramal Finance Personal Loans?
   Interest rates start at 12.9% per annum and vary based on the borrower’s creditworthiness.

3. What is the repayment tenure for Piramal Finance Personal Loans?
   The repayment tenure ranges from 12 to 60 months, providing flexibility to borrowers.

4. What documents are required to apply for a Piramal Finance Personal Loan?
   Key documents include KYC (Aadhaar, PAN, Voter ID, Passport), income proof (salary slips or bank statements), and address proof.

5. Can self-employed individuals apply for a Piramal Finance Personal Loan?
   Yes, self-employed individuals with a minimum annual income of ₹3 lakh and at least 2 years of business stability can apply.

6. How can I check my eligibility for a Piramal Finance Personal Loan?
   You can check your eligibility on the Piramal Finance website, mobile app, or through BigMudra.com by entering your details and credit profile.