Piramal Home Application status
Filling out a home loan application form is the first step towards purchasing or constructing your home. The home loan application form contains all the key financial details that Piramal requires in order to determine whether an applicant is eligible for a home loan. The home loan process – from application to sanction – involves a complex series of checks and verifications before the requested amount can be disbursed. You can apply for a Piramal home loan through Fincity.
Different banks have different processing time for home loans, from a few days to a few weeks. Piramal home loans are typically sanctioned within 2-3 weeks. Customers can check their home loan application status from time to time either through the Piramal website or through Fincity. You Piramal home loan status will be updated from time to time, as the backend process nears completion. The details provided in terms of processing stage can help you strategize your finances.
What is a Piramal Home Loan Application Status?
Piramal Capital and Housing Finance home application provides you a summarized detail of your home loan application status. It includes details like your home loan processing status, total loan amount requested, possible down-payment amount, predicted monthly EMIs of your home loan, term commencement and completion, and other relevant information. You can check your Piramal Capital and Housing Finance Home loan application status by providing the applicants name, registered phone number, reference number, PAN number, etc., either via online or offline channels.
How to check your Piramal Capital and Housing Finance Home Loan application status:
You can check your Piramal home loan application status online or offline. It’s important to note that:
- Online: You the Piramal Capital and Housing Finance official website to get your application status.
- You must keep your application ID or reference number handy for a hassle-free access of your Home Loan Application status.
- Offline: You can also visit your nearest Piramal Capital and Housing Finance branch and know your home loan application status.
How to check your Piramal home loan application status online
Checking your home loan application status is quite easy. Just like any other bank, you check your Piramal home loan application status by logging on to the official PCHF website.
Here’s a step-by-step process to check the status of your Piramal home loan online:
Step 1: Visit the official PCHF website and click on the log in page.
Step 2: Login with your registered phone number and enter the OTP (One-time-password) which will be sent to your number during the login process.
Step 3: You can also log in via your user ID and Password that is allocated for your net banking services (check your e-mail and the envelope you’ve received in the mail at your registered address).
Step 4: Once you log in, go to the ‘enquiries’ tab and select the ‘Home Loan Application status’ option.
Step 5: Enter the remaining requested information and you’re done! Your application status could be in various stages of processing, and it takes 2-4 weeks to get various verifications and paperwork done. Remember, you can always call you relationship manager at Fincity or Piramal to know more.
You can also check your home loan application status with Fincity home loan application status here for a hassle-free process.
Here’s how to check your Piramal home loan application status offline:
Step 1: Visit your nearest Piramal Capital and Housing Finance branch and request the relevant form to check home loan application status.
Step 2: Fill out the relevant form with necessary details like – your name, PAN number, residential address, date of birth, home loan account number, and contact details.
Step 3: Attach copies of the required documents like – Aadhaar card, PAN Card, or your valid Passport.
Step 4: Once you fill out the form, submit it to your relationship manager for further process.
Call Piramal to check your loan application status
You can call Piramal Capital and Housing Finance customer care at 1800 2266 6444 to check your home loan application status.
How is a home loan application processed by a bank?
Before sanctioning a loan, a bank needs to verify the details of the loan applicant. The bank needs to verify all the details that the applicant has submitted – like their employer, income, address, and even identity – in order to avoid being defrauded. The process of verification and authentication of these details makes up most of the time taken to perform the home loan “processing” function. The exact process may defer from lender to lender. Listed below are the general practices for all banks and most lenders. Mentioned below is the step-by-step guide of a home loan application processed in a bank:
Step 1 – Application: The bank receives a fully filled out home loan application with all the necessary details which it then has to consider before approving the loan amount or calculating potential EMIs, etc.
Step 2 – Credit Check: The first check that the bank makes is a credit check on the applicant’s name – which also establishes an individual’s identity to a certain extent. With Piramal, home loans can be sanctioned to applicants with credit scores as low as 650 or even 620 in some cases. If the credit check is positive and you are deemed likely to repay, Piramal will request your documents.
Step 3 – Submit documents and pay processing fees: Once your credit check comes back positive, the bank will request your documents – proof of identity, proof of address, proof of income and employment, etc. You can find the full list of documents required for a Piramal home loan here.
Step 4 – Document Verification: Once you submit the application form with necessary documents, the bank begins background verification on these documents. This is a slightly time-consuming process.
Step 5 – Property Inspection: Piramal will then inspect the property you wish to purchase and inspect the builder as well.
Step 6 – Loan approval and disbursement: After the verification, Piramal will decide whether to sanction the loan or not. If all the documents are verified and approved – Piramal processes the offer letter with a quotation and your documents go through a legal check. The sanction of the loan gets finalized with the signature and stamped documents.
- What is a Home Loan Application status?
A home loan application status shows the processing status of a home loan taken by a borrower.
- How can I check my Home Loan Application status?
To check your Home Loan Application status, you can visit the official website of your respective back or contact your bank customer service. You can also check your Home Loan Application status here.
- How to check my Piramal Home Loan Application Status?
You visit the official Piramal website or call the customer service at 1800 2266 6444 to check your home loan application status.
- How can I change my phone number or email ID for PCHF Home Loan?
To change your phone number or Email ID for PCHF Home loan follow the below mentioned steps:
- Visit the official website of PCHF.
- Go to Existing customer
- Select Mobile/Email Update
- What are the steps involved in getting my home loan application sanctioned?
The steps involved in getting your home loan application sanctioned are mention below:
Step 1: Fill out the home loan application
Step 2: Piramal conducts a credit check
Step 3: Submit the required documents and pay the processing fees
Step 4: The bank/lender does a document verification and property inspection
Step 5: Depending on the verification the loan amount gets sanctioned
For more information, scroll up to the “how is a home loan application processed by a bank” section.
- How to check my PCHF home loan application status offline?
You can check your PCHF home loan application status offline by visiting your nearest PCHF branch and fill out the relevant form with details like – name of the applicant, PAN number, date of birth, contact details, home loan account number, and residential address to check your home loan. Also, attach copies of the required documents like – PAN card, valid passport, or Aadhaar card with the home loan application status form. Lastly, submit the form and the required document to your relationship manager for further process.
- What does it mean if my Piramal home loan application status shows “processing”?
If your home loan application is “processing” it could mean that the bank is still performing the necessary background checks to authenticate the information you’ve provided.