Interest Rates & Disclosures
| Retail Loan | Non-Retail Loan |
|---|---|
| Interest Rates starting from 11.99%* p.a. | Adjustable/Floating Rate Loan: PLR 21% p.a. (effective August 06, 2024) |
| Retail Prime Lending Rate (RPLR) 20.92% p.a. (effective August 01, 2024) | Fixed Rate Loan: 10% - 24% p.a. |
| Retail Floating Reference Rate (RFRR) 16.65% p.a. (effective February 20, 2026) | Wholesale Floating Reference Rate (WFRR) 15.55% p.a. (effective February 20, 2026) |
Interest Rates & Disclosures
Quarterly Interest Rates Range, Mean & Max Rates for Different Loan Categories
Effective 30 June 2024
| Product | Min Rate | Max Rate | Mean Rate |
| Personal Loan | 11.99% | 33.89% | 18.94% |
| Home Loan | 9.35% | 18.42% | 11.94% |
| MSME Unsecured | 12% | 24.99% | 20.58% |
| MSME Secured | 9.75% | 21% | 13.62% |
| Used Car Loan | 11.99% | 18.5% | 16.05% |
Quarterly Interest Range Min, Max & Mean Rate for Different Loan Categories
Range of Interest Summary for the period of Quarter 1 FY 26-27
| Product | Min Rate | Max Rate | Mean Rate |
|---|---|---|---|
| Housing Loan | 9.05% | 19.00% | 11.82% |
| MSME Secured | 9.75% | 25.99% | 13.40% |
| MSME Unsecured | 12.00% | 27.00% | 18.41% |
| Used Car Loan | 11.50% | 24.99% | 16.27% |
| MFI Loans | 23.00% | 26.00% | 23.99% |
| LAS | 9.05% | 11.00% | 9.79% |
| Personal Loan - Branch | 11.99% | 29.49% | 17.54% |
| Personal Loan - Digital Business - Direct | 12.14% | 29.99% | 17.05% |
| Personal Loan - Digital Business - Embedded Finance | 12.06% | 36.00% | 32.80% |
Notes:
- The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter 1 - FY 2026-2027.
- Fresh Loans have been taken into consideration for the calculation of Min, Max & Mean ROI.
- Mean Rate = Sum of (Disbursement Amount * Interest rate*Tenor) / Disbursement Amount*Tenor
- Rates include various categories like fixed rate, and floating rate and are based on factors such as loan amount.
- Home loan interest rates are subject to change. For current rates, please visit the official website of the lender.
Disclosures
Disclosure of Penalties imposed by NHB and other regulators:
Penalty of ₹ 5,000 has been levied on the company by NHB on account of Contraventions of the provisions of Housing Finance Companies-Approval of Acquisition or Transfer of Control (NHB) Directions, 2016
Public Disclosure On Liquidity Risk
Disclosure on Liquidity Coverage Ratio (LCR)
Impact of Change in Reference Prime Lending Rate (RPLR) – Applicable only for floating interest rate.
Loans linked to the Reference Prime Lending Rate (RPLR) are subject to periodic revisions in interest rates. Any increase or decrease in RPLR passed on to customers, results in a corresponding change in the interest rate applicable to such loans.
To help our customers understand the impact of an RPLR change, Piramal Finance is providing the following illustrative example based on a loan amount of Rs.1,00,000. The illustration is for indicative purposes only and does not represent actual loan terms.
Manner of Impact of RPLR Change.
- In case of a decrease in RPLR, passed on to customers:
The reduction in the interest rate leads to effect on remaining loan tenure or effect on existing EMI. - In case of an increase in RPLR, passed on to customers:
The increase in the interest rate leads to effect on remaining loan tenure or effect on existing EMI.
Illustrative Example – RPLR Decrease by 0.25%
Loan Amount: Rs. 1,00,000
| Particulars | Before ROI Change | After ROI Change (Benefit on Tenure) | After ROI Change (Benefit on EMI) |
|---|---|---|---|
| Principal Outstanding (POS) | 100000 | 100000 | 100000 |
| Rate of Interest (p.a.) | 9.00% | 8.75% | 8.75% |
| EMI (₹) | 1,267 | 1,267 | 1,253 |
| Remaining Tenure (Years) | 120 | 118 | 120 |
| Tenure Reduction | – | 2 months | – |
| EMI Reduction | – | – | 14 |
| Total Interest Payable (₹) | 52,040 | 49506 | 50360 |
| Interest Savings (₹) | – | 2,534 | 1,680 |
Illustrative Example – RPLR Increase by 0.25%
Loan Amount: Rs. 1,00,000
| Particulars | Before ROI Change | After ROI Change (Benefit on Tenure) | After ROI Change (Benefit on EMI) |
|---|---|---|---|
| Principal Outstanding (POS) | 100000 | 100000 | 100000 |
| Rate of Interest (p.a.) | 9.00% | 9.25% | 9.25% |
| EMI (₹) | 1,267 | 1,267 | 1,280 |
| Remaining Tenure (Years) | 120 | 122 | 120 |
| Tenure Increase | – | 2 months | – |
| EMI Increase (₹) | – | – | 13 |
| Total Interest Payable (₹) | 52,040 | 54574 | 53600 |
| Interest Difference (₹) | – | 2,534 | 1,560 |
Important Disclosures
- The above illustration is indicative in nature and provided solely for the purpose of explaining the impact of RPLR changes.
- The impact can change depending on several factors. These include the loan balance, how much time is left to repay, the interest rate on the reset date, and other terms in your contract.
The Piramal Finance reserves the right to modify its policies.
**The impact of the RPLR change applies only to retail finance customers.