Instant Personal Loan
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Personal Loan offerings by Piramal Capital & Housing Finance Ltd. (Piramal Finance)
Key Features
Loan amount
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Loan tenure up to
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Interest rates starting at
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For detailed fees and charges Click here *T&C apply
Eligibility Criteria for Instant Personal Loan Online?
The different eligibility criteria that you need to fulfill to get a Personal Loan are as follows:
- Age:
- To apply for a personal loan, applicant must be between 21 and 58 years of age.
- Employment Status
- Applicant working in public sector and private sector companies are considered eligible for a personal loan.
- Credit Score:
- We at Piramal Finance offer Personal Loan to the applicants with credit score of 750 and more.
Digital Documents
To get a personal loan instantly, you need to provide simple digital documents that vary depending on your job. Check the complete list of the documents required for personal loan.
Whatsapp me this document list
KYC Documents
Proof of Identity & Address
Income Documents
Proof of Income
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- Latest 1 month salary slips
- Bank statements from the previous three months
How to apply for Online Personal Loan?
Fees & Charges
Get a loan at competitive fees & Interest rates. Below is the table for our fees and charges –
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Row 1
- Features & Fees
- Details
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Row 2
- Interest Rates
- {plintrestrate}* p.a. onwards
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Row 3
- Loan Amount
- ₹ 25,000 to ₹ 5,00,000
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Row 4
- Processing Fees
- Upto 5% of loan amount + applicable taxes
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Row 5
- Loan Tenure
- 3 - 60 months tenure
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Row 6
- Part Pre-Payment of Personal Loan
- 3% of principal outstanding + GST
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Row 7
- Personal Loan Pre-Closure Charges
- 3% of principal outstanding + GST
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Row 8
- Stamp Duty
- At actuals + Applicable taxes
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Row 9
- Cash/ Overdue EMI/PEMII collection Charges
- ₹ 500 + applicable taxes
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Row 10
- EMI Date Change
- ₹ 1000 + applicable taxes
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Row 11
- Loan Repayment Instrument Dishonor Charges
- ₹ 750
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Row 12
- Loan cancellation after disbursal/cheque handover
- ₹ 3,000 + Interest accured & due + Applicable taxes
Fees & Charges
Get a loan at competitive fees & Interest rates. Below is the table for our fees and charges –
Different Types of Personal Loans We provide various easy loans to serve the various needs of customers. Please check out the below-mentioned types to avail the quick loan online.
Home Improvement Loan
You can use the funds from a personal loan to complete renovations in your home. Moreover, you can also use the funds to expand your home.
Wedding Loan
Indian weddings can be expensive, but the funds from a personal loan will help you deal with the expenses
Travel Loan
If you are willing to travel to an exotic location, applying for a personal loan is the way to go.
Car Loan
You can buy your dream car with a flexible car loan, offering freedom of choice and fixed monthly payments.
Emergency Loan
Health insurance may not cover family medical emergencies. Emergency personal loans can help with medical crises.
Festival Loan
The festive season often comes with various expenses, which online insta loans can help cover.
Loan for Women
Empower yourself with a specially designed quick personal loan for women. It provides financial support for various needs with competitive interest rates and flexible repayment options.
Loan for Salaried Employees
Unlock financial flexibility with a personal loan designed exclusively for salaried employees. Get the loan quickly and conveniently.
Education Loan
You can borrow finance online to pay for housing and food while studying at a university in another city or country.
Personal Loan for Bike
Don't wait any longer to own your dream bike. Apply for a personal loan for a two-wheeler and get instant approval.
Personal Loan by Amount
Now it is possible to get instant Personal loan by amount starting from ₹ 25,000 up to ₹ 5,00,000. Please check the below-mentioned options.
Features & Benefits of Our Personal Loan
Getting an instant loan online from Piramal Finance has several benefits. These include low-interest rates, fast approval, quick money transfer, flexible repayment options, partial payments and more.
Zero Charges
Zero pre-payment and foreclosure charges
No Co-signers/Guarantors
Co-Signer or Guarantors is not required to apply for a personal loan from Piramal Finance
Quick Approval & Disbursals
Quick sanctions and smooth disbursal processes: You repay your debts or do major purchases, and we will handle all the formalities.
EMI That Fits Your Pocket
There are multiple options available when it comes to framing a loan structure that suits your requirements. We empower a lot of flexibility in loan tenure, prepayment, and foreclosure as well.
100% Paper-Less Documentation
You can avail an instant loan by submitting the required documents online. The process is quick and hassle-free.
100% Secure Process
Your privacy and security are our top priorities. Our 100% secure process protects your personal and financial information.
Our Journey So Far
Happy Customers
25,000+
Loans Sanctioned
30,000+
Loan Disbursed
1,250 Cr+
Active Customers
18,000+
Frequently asked questions
What is a Personal Loan?
Rebalancing your income and debts: Your debt-to-income ratio helps determine the portion of your income that gets contributed toward covering your debts. A low debt-to-income ratio can make you more eligible for Personal loan.
Limit Your Borrowing: If you have too much debt, lenders will see you as a risky borrower. If you plan on taking an instant loan, try repaying your existing loans first.
Choose the Right Lender: Picking the right lender is important. Working with Piramal Finance boosts your chances of getting quick loan approval because our criteria are not too strict.
Prepayment refers to paying the outstanding balance of your loan before the end of the tenure. You can make a prepayment either in whole or in part. When you access surplus funds, you should make prepayments and repay your loan faster.
Types of Pre-Payment
Full Pre-Payment: It revolves around pre-paying the entire amount.
Part Pre-payment: It entails prepaying a significant portion of your outstanding principal.
You can manually calculate EMI using the formula: P x R x (1+R)N / [(1+R)N-1].
Where-
· P = Principal loan amount
· N = Loan tenure in months.
· R = Monthly interest rate.
· R = Annual Rate of interest/12/100
However, manually calculating can lead to errors. For accurate results in seconds, use Piramal Finance's online EMI calculator for a personal loan.
Get a Personal Loan from the Nearest Piramal Finance Branch
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