About Piramal Capital and Housing Finance
Piramal Capital and Housing Finance (PCHF), registered with National Housing Bank (NHB), is a wholly-owned branch of Piramal Enterprises Limited. It provides a platform for housing finance and other financial services, providing both retail and wholesale funding opportunities across India.
Incorporated in February 2017 and licensed in August 2017, Piramal Capital & Housing Finance is a subsidiary of Piramal Finance Limited. On 31st March 2018, Piramal Capital Limited and Piramal Finance Limited merged with Piramal Capital & Housing Finance Limited (PCHFL). PCHFL is now a direct subsidiary of Piramal Enterprises Limited.
PCHF was established with the vision of ‘Doing good and doing well’ Piramal Capital and Housing Finance has uniquely positioned itself in the financial service sector and has evolved as a sustainable and value-driven enterprise. With constant evolution, the company aims to target new opportunities in the market. Piramal Capital and Housing Finance has successfully served thousands of happy customers and is currently located in over 40 cities pan India.
What is a home loan?
A home loan is an amount that an individual borrows from a bank or lender to purchase or construct a home. Not everyone has the immediate funds to purchase or build a home with their existing funds, so banks and lenders cover the gap in funds, collecting repayments every month at a certain rate of interest.
The most basic type of home loan product that most banks offer is used for the sole purpose of – purchasing a house or an apartment, building a residential domicile, etc. Unlike any other loan, you can get additional benefits like – extended tenures, flexible repayment options, tax breaks, etc.
Types of home loan offered by Piramal
If you are planning for a home loan, Piramal Capital and Housing Finance offers a range of Home Loans to its customers with excellent features like – flexible repayment options, extended tenures, a lower credit score threshold of 650*, and more. You can take a home loan with an interest rate starting from 9.75% p.a*. for an extended (total) tenure of up to 30 years.
The various Home Loans offered by Piramal Capital and Housing Finance are:
- Piramal Super Home Loan: PCHF provides Piramal Super Home Loan to a borrower either to purchase or construct a home by factoring in the current income, potential earnings, and future growth potential. A borrower can enjoy up to 20% higher principal (for their eligibility) and up to 15% lower EMIs for the first 5 years of the loan. Super Home Loan also offers up to 90% of the market value of the property, including the cost of the land, subject to the regulations and repayment capacity. It is to be noted that it is only available for salaried applicants.
- Piramal Advantage Home Loan: If you are planning to purchase a home, Piramal advantage home loan offers a higher loan amount than other loan products, by clubbing the applicant’s and the co-applicant’s income. You can also club the income of your parents, who are close to retirement or even with a considerable pension. Piramal Advantage Home Loan gives you adjustable tenure well beyond conventional offers.
- Piramal Bridge Home Loan: Piramal Bridge Loan allows an individual to purchase a new home or a re-sale home at an interest rate as low as 9.75%* p.a. for both – salaried and self-employed applicants, depending on their eligibility and credit score. An applicant can take a higher loan amount ranging from Rs.20 Lakh to Rs.10 Crore* by clubbing the income of close family members and signing as co-applicants. If you are planning to take a Piramal Bridge Home loan, PCHF offers a hassle-free loan application process and flexible tenure and repayment options.
- Piramal Capital and Housing Finance Self-Construction Loan: With a Piramal Capital and Housing Finance Self-Construction Loan, an applicant – whether applying individually or jointly – can construct an independent house, bungalow, row house, etc. A borrower can get an extended tenure of up to 30 years and up to 90% of the market value of the property, including the cost of the land. To get a higher loan amount eligibility the applicant can club the income of the close family members – spouse/parents/children/siblings (only if they are the co-owners of the property).
- Piramal Home Loan Balance Transfer and Top-up: PCHF offers a facility of Home Loan Balance Transfer with additional Top-ups to applicants who wish to transfer their loan to PCHF. With a Piramal Home Loan Balance Transfer, an individual can avail a lower rate of interest starting at 9.75%* p.a. Individuals with an existing home loan for more than 18 months are eligible for this facility. You can get a Top-up of up to 90% of the market value of the property subject to the loan amount ranging from Rs.20 Lakh to 10 Crore.
Features and benefits of Piramal home loans
If you are planning to take a Piramal home loan, it is necessary to understand the features and benefits of the individual Home Loan scheme offered by PCHF.
One of the best aspects of Piramal home loans is that they can be approved for applicants with credit scores as low 650 or even 600* in some cases. Piramal takes many other factors into consideration while taking the decision to approve or deny a loan application.
For a better understanding of the features and benefits of Piramal home loan, refer to the list below:
Piramal Super home loan
A super home loan is taken either to purchase or construct a home. It can be applied for either individually by one applicant or jointly by anyone (usually family) that co-sign as co-borrowers for the loan. The features and benefits of Super Home Loan are listed below:
- A Super home loan allows you to take a home loan either individually or jointly.
- An individual can get a loan amount of up to 90%* of the market value of the property, including the cost of the land, subject to the regulations and repayment capacity.
- It gives you a home loan with up to 20% higher eligibility and 15% lower EMIs for the first 5 years.
- It offers an extended tenure of up to 30 years, subject to the retirement age of the individual.
- Super Home Loan also offers a Top-up facility without any additional EMIs.
- You can take a loan amount ranging from Rs.20 Lakh to Rs.10 Crore* with an interest rate starting from 9.75%* p.a.
- It is only available for salaried applicants – both resident as well as Non-Resident Indians
- Age – 21 years to 70* years.
Piramal Advantage Home Loan
An Advantage Home Loan is taken by a borrower to purchase a home. You can get a higher loan amount by clubbing the income of close family members (especially parents). The features and benefits of Advantage Home Loan are listed below:
- An applicant can club the income of the close family members – spouse/parents/children/siblings (only if they are the co-owners of the property) for maximum loan amount eligibility.
- An individual can get a loan amount ranging from Rs.20 Lakh to Rs.10 Crore* with a maximum tenure of up to 30 years, subject to the retirement age.
- Advantage Home Loan can either be applied jointly or individually depending upon the applicant.
- This loan can be availed by both – salaried and self-employed applicants. Where at least one resident contributing their income must be a salaried individual.
- Hassle-free loan application process.
- PCHF also provides a dedicated relationship manager to answer all your queries.
Piramal Bridge Home Loan:
Bridge Home loan is taken by an individual to purchase a new home or resale home for a higher loan amount ranging from Rs.20 Lakh to Rs.10 Crore* by clubbing the income of the close family members. The features and benefits of Bridge Home Loan are listed below:
- The borrower can get up to 90% of the loan amount subject to the market value of the property.
- An applicant can get a loan tenure of up to 24 months for a constructed property. For an under-construction property an applicant can get a tenure of 24 months from last date of disbursement of the loan amount, subject to maximum tenure of 60 months.
- This loan is available for salaried, self-employed professionals and self-employed non-professionals.
- A borrower can avail of a loan amount ranging from Rs.20 Lakh to Rs.10 Crore
- You can get a higher loan amount by clubbing the income of the close family members – spouse/parents/children/siblings (only if they are the co-owners of the property).
Piramal Capital and Housing Finance Self-Construction Loan
Piramal Capital and Housing Finance Self-Construction Loan is taken by an applicant who wishes to construct – an independent house, bungalow, row house, etc. The features and benefits of Piramal Capital and Housing Finance Self-Construction Loan are listed below:
- An applicant can apply for this loan either individually or jointly.
- A borrower can get an extended tenure of up to 30 years on the loan amount ranging from Rs.20 Lakh to Rs.10 Crore*
- The borrower can also avail up to 90% of the market value of the property, including the cost of the land.
- the applicant can club the income of the close family members – spouse/parents/children/siblings (only if they are the co-owners of the property) for getting a higher loan amount.
- A borrower gets a time of 24 months to start the construction from the date of the disbursement of the loan amount.
- The loan is available for both salaried and self-employed applicants.
Piramal Home Loan Balance Transfer and Top-up
PCHF offers a facility of Home Loan Balance Transfer with additional Top-ups to an individual who wishes to shift their existing home loan to PCHF. The features and benefits of Piramal Home Loan Balance Transfer and Top-up are listed below:
- Piramal Home Loan Balance Transfer and Top-up allow an individual to get an affordable rate of interest starting at 9.75%* p.a. on a home loan balance transfer.
- A borrower can get a Top-up of up to 90% of the market value of the property subject to the loan amount ranging from Rs.20 Lakh to Rs.10 Crore.
- Piramal Home Loan Balance Transfer and Top-up offer an extended tenure of 30 years subject to the retirement age of the borrower.
- You can also get a higher loan amount by clubbing the income of the close family members – spouse/parents/children/siblings (only if they are the co-owners of the property).
Key features of Piramal Home Loan
There are certain key features that set Piramal apart from its competition. Some unique features of Piramal Home Loans are as follows:
- Low CIBIL Score
Generally, banks and financial institutions only lend to applicants with a CIBIL score of 750+. However, Piramal Capital and Housing Finance offers home loans to applicants with a CIBIL score even as low as 650* depending on other eligibility criteria being met.
- Cash Salaried
Salary slips act as proof-of-income for an applicant seeking a home loan. However, some people employed in the nation’s workforce do not have the privilege of being on the salary disbursement system on a company’s payroll – meaning that their income does not get automatically credited to their bank account on a guaranteed date each month. Piramal Housing considers applications from these “cash salaried” applicants – like housekeepers, drivers, etc., without providing a salary slip. This feature is especially useful for home loan applicants employed in unorganized sectors who receive their income in the form of cash only.
- Self-employed
Home loan applications from self-employed individuals like businessmen, entrepreneurs, etc. Are usually rejected on the grounds that the level of income varies too much each month, inhibiting the applicant’s ability to repay as per the terms of the home loan agreement. Piramal considers and accepts these applications by working out customized repayment scenarios with self-employed professionals and businessmen. If the borrower is self-employed, he/she can apply for a home loan under Piramal Capital and Housing Finance with minimal formal documentation.
- Proprietorship firm Employees
Proprietorship firms are those firms that don’t necessarily have to be registered under the Companies Act or the Establishment Act. These are not registered companies, but provide chargeable services to their customers either online or offline. Proprietorship firm employees also generally receive their income in cash, and not always on the same day each month. Piramal lends to employees of these product and service providers as well.
- Extended Tenure
Piramal Capital and Housing Finance offers an extended tenure of up to 30 years to a borrower to repay the loan amount. With an extended tenure, a borrower can repay the loan amount with affordable monthly EMIs. Borrowers can even extend the tenure on their existing loans to reduce the monthly repayment obligation.
- Simple documentation process
Piramal Capital and Housing Finance provides a simple and stress-free documentation process to the applicants. Piramal Capital and Housing Finance allows cash salaried employees – Housekeeper, Driver, etc., to apply for home loans without a salary slip. If the borrower is a self-employed applicant, he/she can apply for a home loan with minimal formal documentation under Piramal Capital and Housing Finance.
- Expert Advice
Piramal Capital and Housing Finance provides a dedicated financial expert to answer all your queries and questions for a smooth loan application process. Piramal’s financial experts will also be able to guide home loan applicants toward the best product that suits their individual borrowing profile.
Eligibility for Piramal Home Loan
Before applying for a home loan, it is necessary to understand the eligibility criteria required by the bank or lender to get a home loan. Listed below are the general eligibility criteria for both – Salaried employees and Self-employed professionals for getting a Piramal Home Loan:
- Age: the minimum age for an applicant to get a home loan is 21 for most banks and lenders. Piramal Capital and Housing Finance provide home Loans to individuals of age ranging from 21 years to 65 years. If the individual is a government employee with a considered pension, he/she can get a home loan for up to 70 years.
- CIBIL Score: Almost all banks and lenders offer a home loan only to those applicants with a CIBIL Score of 750 and above. However, Piramal Capital and Housing Finance offer a home loan to an applicant with a CIBIL score as low as 650*. If you are planning to take a home loan but you have a lower CIBIL score of 650, you can get it via PCHF.
- Employment type: Piramal Capital and Housing Finance offers loans to both salaried employees (Government institutes, MNC, Private Limited Companies, institutes run by NGOs, Trust, Society, and others) and Self-employed Professional (Qualified CA, Doctor, and Architect) and non-professionals (Business owner, Director or, promotor of Private Limited Company or a Closely held private company, Proprietorship, and others)
- Co-Applicant: A co-applicant is mandatory to apply for any home loan products under Piramal Capital and Housing Finance. Consult with your Piramal relationship manager for more details on whether your individual borrower profile requires a co-applicant for a home loan.
- Residential Status: To be eligible for taking a Piramal Home Loan, the applicant must be an Indian Resident Citizen or Non-Resident Indian.
Piramal Home Loan Eligibility criteria for salaried applicants
Mentioned below are the eligibility criteria for salaried applicant for Piramal home loan:
| Age Range | 21 – 65 years (70 years, if you are a government employee with a considered pension) |
| Employment Type | Government institutes, MNC, Private Limited Companies, institutes run by NGOs, Trust, Society, and others |
| Credit Score (CIBIL) | 650 and above* |
Piramal Home Loan Eligibility criteria for self-employed applicants
If you are a self-employed applicant, mentioned below are the eligibility criteria for getting a Piramal Home Loan:
| Age Range | 23 – 70 years |
| Employment Type | Qualified CA, Doctor, and Architect (self-employed professionals). Business owner, Director or, promotor of Private Limited Company or a Closely held private company, Proprietorship, and others (self-employed non-professionals). |
| Credit Score (CIBIL) | 650 and above* |
Piramal Home Loan Interest Rate
Piramal Capital and Housing Finance offer affordable interest rates starting at 9.75%* p.a. to both salaried employees and self-employed individuals for an extended tenure of 30 years. The Prime Lending Rate for floating interest rate is 20%* p.a. and the fixed rate of interest ranges from 10 –24%* p.a.
| Particulars | Piramal Capital and Housing Finance |
| Interest Rate | 8.8%* – 9.75%* p.a. |
| Processing Fees | Up to 0.10%* |
| Loan Tenure | 30 Years |
| Maximum Loan Amount | Rs.10 Crore |
| Age | 21 – 70 Years |
| Lowest EMI Per Lakh | Rs.805 per Lakh* |
| Benchmark Rate | PLR |
Piramal Home Loan Processing Fees and Charges
Piramal Capital and Housing Finance charges a processing fees starting from 0.10%* on your home loan. It is a one-time, non-refundable fee charged by your lender to meet the cost of the administrative expenses.
Documents required
Piramal Capital and Housing Finance provides a hassle-free documentation process for a loan application. They also provide a dedicated expert to guide you through the entire process.
For the Piramal Home Loan to get approved, the process of documentation is most important. If you fail to submit all the authentic documents, your loan application might get rejected. To avoid this, make sure to have the below-mentioned documents –
The general documents required for most Piramal home loans
| Application Form | • Application form with Latest Photograph is mandatory for all applicants • In case of partnership/corporate, the loan application form needs to be signed by partner/director (who is duly authorized to sign)/authorized signatory with stamp • Photograph to be pasted on the loan application form and should be duly signed across all necessary papers. |
PAN Norms | All applicants must provide PAN details during the loan application process. If PAN is not available with the applicant, then Form 60 and Aadhaar must be attached along with one more ID proof in below mentioned scenarios: • For non-income contributors • For income contributors where cases are assessed under AIP and cash salary • For all property owners, if the property is being transacted is less than Rs.10 lakhs (as directed by Income Tax Act) |
Signature proof | Signature verification proof is mandatory for each applicant and needs to be collected if PAN/OVDs do not fulfil the same: • PF cheque clearance/ECS mandate attestation will be treated as signature proof of the applicant issuing the cheque/ECS • Banker’s signature verification • Signature on registered sale deed. • For Non-financial co-applicant – self-declaration affidavit (format to be finalized by legal) |
| Relationship Proof | An applicant needs to provide relationship proof with the co-applicants if PAN/OVDs do not fulfil the same • School Leaving Certificate (if it contains the name of the parents) • Birth Certificate issued by appropriate Government Authority/Department • Marriage Certificate • Notarized Relationship Affidavit • Bank statement/passbook where relationship is proved • Ration card |
For more information on the documents required, refer to the documents required section listed below:
Documents required for Piramal Super Home Loan for salaried applicants
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card • Aadhaar Card • Valid Driving License • Valid Passport • Utility bills- Electricity bill/Telephone Bill/ Water bill • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Pay Slips of pervious 3 months • Bank Statement of last 6 months showing salary credit • Form 16 of previous 2 years • “Performance Appraisal Letter” or a “Bonus Letter” (if applicable) |
| Employment proof | ID card with date of Joining/ appointment letter |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) (of the property (Director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | • Filled application form with photograph and signature • Cancelled cheque |
Documents required for Piramal Super Loan for self-employed applicants
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card • Aadhaar Card • Valid Driving License • Valid Passport • Utility bills- Electricity bill/Telephone Bill/ Water bill • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Income Tax Returns of previous 2 financial years • Applicable financial audits by CA (P&L statement, Balance sheet, Schedules and auditors report, if applicable) • Bank statement of last 6 months |
| Employment proof | • Shops and Establishment Certificate • Registration Certificate • Trade License Certificate • Sales Tax/GST/VAT • SSI Registration Certificate • Proof of professional qualification is required along with the documents mentioned above |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co-applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) of the property (director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | • Filled application form with photograph and signature • Cancelled cheque |
Documents required for Piramal Advantage Loan for salaried applicants
If you are planning to take a Piramal Advantage Loan, you must have the following documents handy for a hassle-free loan application process. Listed below are the documents required by both salaried and self-employed applicants to get a Piramal Advantage Loan:
Documents required for Piramal Advantage Home Loan for salaried applicants
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card/Aadhaar Card/Driving License/Passport/Utility bills- (Electricity bill/Telephone Bill/ Water bill) • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Pay Slips of pervious 3 months • Bank Statement of last 6 months showing salary credit • Form 16 of previous 2 years • “Performance Appraisal Letter” or a “Bonus Letter” (if applicable) |
| Employment proof | ID card with date of joining/appointment letter |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal Home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) (of the property (director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | Filled application form with photograph and signature |
Documents required for Piramal Advantage Home Loan for self-employed applicants
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card • Aadhaar Card • Valid Driving License • Valid Passport • Utility bills- Electricity bill/Telephone Bill/ Water bill • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Income Tax Returns of previous 2 financial years • Applicable financial audits by CA (P&L statement, Balance sheet, Schedules and auditors report, if applicable) • Bank statement of last 6 months |
| Employment proof | • Shops and Establishment Certificate • Registration Certificate • Trade License Certificate • Sales Tax/GST/VAT • SSI Registration Certificate • Proof of professional qualification is required along with the documents mentioned above |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal Home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) of the property (Director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | Filled application form with photograph and signature |
Documents required for Piramal Bridge Home Loan
With Piramal Bridge Home Loan helps you to purchase a new home or a resale home of your own. If you are planning to take a Piramal Bridge Home Loan you must have these following documents mentioned below:
Documents required for Piramal Bridge Loan for salaried applicants
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card/Aadhaar Card/Driving License/Passport/Utility bills- (Electricity bill/Telephone Bill/ Water bill) • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Pay slips of pervious 3 months • Bank statement of last 6 months showing salary credit • Form 16 of previous 2 years • “Performance appraisal letter” or a “Bonus letter” (if applicable) |
| Employment proof | ID card with date of joining/appointment letter |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal Home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) (of the property (Director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | Filled application form with photograph and signature |
Documents required for Bridge Home Loan for self-employed applicants
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card • Aadhaar Card • Valid Driving License • Valid Passport • Utility bills- Electricity bill/Telephone Bill/ Water bill • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Income Tax Returns of previous 2 financial years • Applicable financial audits by CA (P&L statement, Balance sheet, Schedules and auditors report, if applicable) • Bank statement of last 6 months |
| Employment proof | • Shops and Establishment Certificate • Registration Certificate • Trade License Certificate • Sales Tax/GST/VAT • SSI Registration Certificate • Proof of professional qualification is required along with the documents mentioned above |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal Home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) of the property (Director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | Filled application form with photograph and signature |
Documents required for Piramal Capital and Housing Finance self-construction Loan
Piramal Capital and Housing Finance Self-Construction Loan helps an applicant to construct an independent house, bungalow, row house, etc. – of their own. Listed below are the documents required if you wish to construct your own home. You must keep these following documents handy for a stress-free home loan application process:
Documents required for salaried applicants for Piramal Capital and Housing Finance self-construction Loan
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card/Aadhaar Card/Driving License/Passport/Utility bills- (Electricity bill/Telephone Bill/ Water bill) • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Pay Slips of pervious 3 months • Bank Statement of last 6 months showing salary credit • Form 16 of previous 2 years • “Performance Appraisal Letter” or a “Bonus Letter” (if applicable) |
| Employment proof | ID card with date of Joining/appointment letter |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co-applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) (of the property (director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | • Filled application form with photograph and signature • Cancelled cheque |
Documents required for Self-employed applicants for Piramal Capital and Housing Finance self-construction Loan
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card • Aadhaar Card • Valid Driving License • Valid Passport • Utility bills- Electricity bill/Telephone Bill/ Water bill • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Income Tax Returns of previous 2 financial years • Applicable financial audits by CA (P&L statement, Balance sheet, Schedules and auditors report, if applicable) • Bank statement of last 6 months |
| Employment proof | • Shops and Establishment Certificate • Registration Certificate • Trade License Certificate • Sales Tax/GST/VAT • SSI Registration Certificate • Proof of professional qualification is required along with the documents mentioned above |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) of the property (Director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | • Filled application form with photograph and signature • Cancelled cheque |
Documents required for Piramal Balance Transfer and Top-up
If you wish to shift your existing home loan to Piramal Capital and Housing Finance, you have to submit these necessary documents while processing your Piramal Balance Transfer and Top-up for your home loan.
Documents required for Balance Transfer and Top Up for salaried applicants
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card/Aadhaar Card/Driving License/Passport/Utility bills- (Electricity bill/Telephone Bill/ Water bill) • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Pay Slips of pervious 3 months • Bank Statement of last 6 months showing salary credit • Form 16 of previous 2 years • “Performance appraisal letter” or a “Bonus letter” (if applicable) |
| Employment proof | ID card with date of Joining/appointment letter |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co-applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) (of the property (Director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | • Filled application form with photograph and signature • Cancelled cheque |
Documents required for Piramal Balance Transfer and Top Up for Self-employed applicants
| Requirements | Document type |
| Proof of Identity (any one) | • Aadhaar Card • Voter ID card • Valid Driving License • Valid Passport • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Address Proof (any one) | • Voter ID card • Aadhaar Card • Valid Driving License • Valid Passport • Utility bills- Electricity bill/Telephone Bill/ Water bill • Job Card (issued by – NREGA) • Letter issued by – National Population Register |
| Proof of Income | • Income Tax Returns of previous 2 financial years • Applicable financial audits by CA (P&L statement, Balance sheet, Schedules and auditors report, if applicable) • Bank statement of last 6 months |
| Employment proof | • Shops and Establishment Certificate • Registration Certificate • Trade License Certificate • Sales Tax/GST/VAT • SSI Registration Certificate • Proof of professional qualification is required along with the documents mentioned above |
| Property documents | Documents of the property offered as collateral |
| Co-applicant | • If you are applying for Piramal home loan it is mandatory to have a co-applicant. Additionally in some cases, it is mandatory to have a woman co-applicant. • Co-applicant can be your spouse/parents/children/siblings (if they are the co-owner of the property) • List of the planned co-owner(s) of the property (Director/shareholders, etc.) • List of all the co-applicants should be mentioned in the loan structure. |
| Others | • Filled application form with photograph and signature • Cancelled cheque |
Customer care
You can reach out to Piramal Capital and Housing Finance via:
Email: customercare@piramal.com
Toll Free: 1800 266 6444 (9:30 AM to 6:00 PM -Sunday Closed)
Branch Timings: 10 am to 4 pm (Monday to Friday)
Application Status
To check your application status, you can contact:
Fincity: 080 – 4718 8010 or email info@fincity.com
Piramal Capital and Housing Finance:
Email: customercare@piramal.com
Toll Free: 1800 266 6444
Or click here to check your application status
FAQs
- What is a Piramal Super Home Loan?
A super home loan is taken either to purchase or construct a home. It can be applied for either individually or jointly by an applicant. You can get 90% of the cost of the property including the cost of the land, subject to the market value of the property.
- Why to opt for Piramal Balance Transfer?
PCHF offers a facility of Home Loan Balance Transfer with additional Top-ups to an individual who wishes to shift their existing home loan to PCHF. The features and benefits of Piramal Home Loan Balance Transfer and Top-up are listed below:
- Piramal Home Loan Balance Transfer and Top-up allow an individual to get an affordable rate of interest starting at 9.75%* p.a. on a home loan balance transfer.
- A borrower can get a Top-up of up to 90% of the market value of the property subject to the loan amount ranging from Rs.20 Lakh to Rs.10 Crore.
- Piramal Home Loan Balance Transfer and Top-up offer an extended tenure of 30 years subject to the retirement age of the borrower.
- You can also get a higher loan amount by clubbing the income of the close family members – spouse/parents/children/siblings (only if they are the co-owners of the property).
- Can I get an additional Top-up on Piramal Super Home Loan?
Piramal Super Home Loan offers a Top-up facility without any additional EMIs.
- What is the minimum CIBIL score required to get a Piramal Home Loan?
PCHF offers Piramal Home Loan at a low CIBIL score of 650* to its customers depending on whether they meet the eligibility criteria.
- How can I be eligible for a higher loan amount?
You can be eligible for a higher loan amount by clubbing the income of your close family members – spouse/parents/children/siblings (if they are a co-owner of the property)
- What are the advantages of Piramal Capital and Housing Finance self-construction loan?
The advantages of Piramal Capital and Housing Finance self-construction loan are listed below:
- An applicant can apply for this loan either individually or jointly.
- A borrower can get an extended tenure of up to 30 years on the loan amount ranging from Rs.20 Lakh to Rs.10 Crore
- The borrower can also avail up to 90% of the market value of the property, including the cost of the land.
- the applicant can club the income of the close family members – spouse/parents/children/siblings (only if they are the co-owners of the property) for getting a higher loan amount.
- A borrower gets a time of 24 months to start the construction from the date of the disbursement of the loan amount.
- The loan is available for both salaried and self-employed applicants.
- What are the interest rates offered by PCHF?
PCHF offers an affordable interest rate starting from 9.75%* p.a. with an extended tenure of 30 years to its customers depending upon the eligibility and repayment capacity.