Piramal Capital and Housing Finance Construction Loan

Piramal Capital and Housing Finance is one such financial company that provides its customers with construction loan. Piramal Capital and housing Finance assigns a specialised relationship manager to applicants who apply for the construction loan from the beginning to assist the applicants with the construction loan process.

Piramal Capital and Housing Finance Construction Loan Interest Rates

The interest rate for Piramal Capital and Housing Finance Construction loan are mentioned below:

Customer Type

Interest Rate (p.a.)

Salaried Individuals

10.50%

Self-employed Individuals

10.50%

Documents Required for Piramal Capital and Housing Finance Construction Loan

The documents required for Piramal Capital and Housing Finance construction loan are given below:

For Salaried Individuals -

  1. Form 16
  2. KYC Documents
  3. 2 years Income Tax Returns
  4. Last 6 months bank statements and salary slip
  5. Property documents that are offered as collateral

For self-employed individuals -

  1. Form 16
  2. KYC documents
  3. Last 6 months bank statements
  4. Wherever applicable, ITR with Compitation / CA Audited Financials from the previous two years
  5. Property documents that are offered as collateral

Key Features of Piramal Capital and Housing Finance Construction Loan

The key features of the Piramal Capital and Housing Finance home loan Construction are mentioned below:

  1. The application process of the Piramal Capital and Housing Finance Construction loan is easy and hassle free.
  2. The loan can cover up to 90% of the cost of the property.
  3. The loan has a flexible tenure and repayment options.

Eligibility Criteria of Piramal Capital and Housing Finance Construction Loan

The Eligibility criteria of Piramal Capital and Housing Finance Construction Loan are mentioned below:

For Salaried Individuals -

  1. The applicant should be between the ages of 21 years and 70 years.
  2. Should be working in public sector, private sector, MNC, institutions run by Trust/NGO/Society or others, etc.

For Self-employed Individuals -

  1. The applicant should be between the ages of 23 years and 70 years.

FAQs on Piramal Capital and Housing Finance Construction Loan

  • Are there any tax benefits of getting a home loan?

    Yes, there are few tax benefits of getting a home loan. You can claim up to Rs.1.5 lakh as tax deduction.

  • What is the repayment tenure for Piramal Capital and Housing Finance construction loans?

    The repayment tenure for Piramal Capital and Housing finance construction loans fall between 5 years to 30 years.

  • What is the interest offered by Piramal Capital and Housing finance on construction loans?

    The interest offered by Piramal Capital and Housing finance on construction loans is 10.50%.

  • What is the minimum age required to apply for a construction loan offered by Piramal Capital and Housing Finance?

    The minimum age required to apply for a construction loan offered by Piramal Capital and Housing Finance is 21 years.

  • How much property cost will the construction loan from Piramal Capital and Housing Finance will cover?

    The construction loan from Piramal Capital and Housing Finance will cover up to 90% of the property cost.

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