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Piramal Housing Finance Home Loan Interest Rates 2021

Piramal Housing Finance Housing Loan Interest Rate -Today

Last Updated 20th Apr 2021

Current Piramal Housing Finance Home Loan interest rates Jul 2021 starts at 9.00% p.a. for a maximum tenure of 30 years. The processing fee on its housing loans is Upto 0.10%.

Loan AmountPiramal Housing Home Loan Floating Rate
Upto ₹ 50 Lakh9.00%
₹ 50 Lakh - ₹ 75 Lakh9.00%
₹ 75 Lakh - ₹ 30 Lakh9.00%
Above ₹ 30 Lakh9.00%
Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback

Current Piramal Housing Finance Home Loan Rate

Today Piramal Housing Finance home loan interest rates are in the range of 9.00% to 9.00%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 9.00%.

Below-mentioned are Piramal Housing Finance home loan rates for multiple housing schemes.

Piramal Housing Finance Home Loan Scheme Interest Rates
Piramal Housing Home Loan Floating9.00%

Piramal Housing Finance Home Loan Interest Rates for Salaried and Self Employed

The home loan interest rates in Piramal Housing Finance for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 5 Cr 9.15%
₹ 5 Cr - ₹ 75 Lakh 9.15%
₹ 75 Lakh - 30 Lakh 9.15%
Above ₹ 30 Lakh 9.15%

Piramal Housing Finance Home Loan Processing Fee and Other Charges

Piramal Housing Finance home loan processing charges are upto 0.10% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees Upto 0.10% of the loan amount;
Foreclosure Charges Nil for floating rate home loans

Piramal Housing Finance Home Loan Balance Transfer Interest Rates

Piramal Housing Finance home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Piramal Housing Finance at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Piramal Housing Finance offers the lowest home loan balance transfer rate of 9.00%.

Illustration on Home Loan Interest Rate Piramal Housing Finance
Maximum Annual Percentage Rate (APR) 9.01% to 9.01%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 30 Years
  • Piramal Housing Finance Home Loan Interest Rate: 9.00% to 9.00%
  • Processing Fee payable to: Upto ₹ 250
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 805 for 30 Years ₹ 1,00,000 loan at 9.00% (lowest rate, longest time period) to ₹ 2,076 for 5 Years ₹ 1,00,000 loan at 9.00% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 9.01% to 9.01%
  • Total cost payable over loan tenure: ₹ 1,24,800 for 5 Years loan to ₹ 2,89,913 for 30 Years loan

FAQs

What is Piramal Housing Finance Home Loan Interest Rate?

Piramal Housing Finance Home Loan interest rate ranges between 9.00% to 9.00%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

Has Piramal Housing Finance reduced home loan rates?

Presently, Piramal Housing Finance offers personal loans at an interest rate starting at 9.00%. There has been no change in personal loan rates of Piramal Housing Finance for a long time and continue to stand at 9.00%.

Why should I opt for balance transfer to Piramal Housing Finance?

Piramal Housing Finance offers lowest Home Loan EMI of ₹ 805 per lakh availed at the lowest interest rate 9.00% for a maximum tenure of 30 years. you are paying an EMI more than ₹ 805 per lakh, you should consider the option for a loan transfer to Piramal Housing Finance from your existing bank.

  • Floating rate on Piramal Housing Finance housing loan is linked to its PLR Rate, which is currently at 16.05%. When Bank offers a Home Loan at %, it applies a discount of 16.05% to its PLR Rate to arrive at this Home Loan rate.
  • When RBI increases rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

What is the current Piramal Housing Finance Home Loan rate?

The current Piramal Housing Finance Home Loan rate starts from 9.00% with a processing fee of Upto 0.10%.Piramal Housing Finance housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Piramal Housing Finance offers different home loan rates for different home loan products.

Can Piramal Housing Finance housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Piramal Housing Finance to lower the home loan rates.

What are the interest rates of home improvement loans in Piramal Housing Finance?

You can avail of Piramal Housing Finance home loans for home improvement at regular home loan rates starting at 6.65%.

Can Piramal Housing Finance revise the home loan interest rates for their existing customers?

Piramal Housing Finance home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Piramal Housing Finance offer a concessional home loan interest rate for women?

Yes, Piramal Housing Finance offers special home loan interest rates for women. As against Piramal Housing Finance home loan rates for male which is 9.00%, the home loan interest rate for women starts at %.

What is the Piramal Housing Finance home loan rate of ₹ 25 Lakh for 15 years?

Piramal Housing Finance home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Piramal Housing Finance provides home loan interest rate starting at 6.65%.

At what interest rate does an Piramal Housing Finance employee get a home loan?

Piramal Housing Finance offers concessional home loan rates of about 1% than the current home loan rates to Piramal Housing Finance employees.

Is Piramal Housing Finance home loan a floating rate loan or fixed-rate loan?

Piramal Housing Finance home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.


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Piramal Housing Finance Home Loan News - Jul 2021
  • 2021-04-16 : Piramal Retail Finance enters consumer & used car finance
    Piramal Retail Finance, a business entity under Piramal Capital and Housing Finance Ltd is planning on diversifying its loan portfolio and serve the customers. It is planning on entering the Consumer and User Car loan segment.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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