Piramal offers different types of loans to cater to different requirements. Here are the details of 3 such loan schemes:
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Understanding how much EMI you will be obligated to pay beforehand helps you to manage your finances better. It is important to avail a loan with an EMI that you can pay easily every month. This ensures that you do not default on your EMI payments which in turn ensures that your credit score remains healthy. The best way to do this is to use the BankBazaar Piramal home loan EMI calculator given below:
|Type of Employment||Salaried (Super Loan and New Purchase) Self-employed (New Purchase and Self Contruction)|
|Nationality||Resident and non-Resident Indians|
Any one of the following documents (and a photograph for individual applicants):
Under the Pradhan Mantri Awas Yojana (PMAY) Credit-Linked Subsidy Scheme (CLSS), subsidies can be availed to construct or purchase a new house. You can get subsidies of up to Rs.2.67 lakh (6.5%) for loan amounts of up to Rs.6 lakh for a tenure of 20 years.
For those with an annual household income in the range of Rs.6 lakh to Rs.12 lakh, a maximum of Rs.9 lakh can be availed at 6% interest. Those with an annual household income in the range of Rs.12 lakh to Rs.18 lakh can avail up to Rs.12 lakh as loan with 3% interest.
Yes, Piramal allows you to club your income with that of your close family members, such as a spouse, parent, or child to get a higher loan amount.
Income of siblings can be clubbed for the home loan if they are co-owners of the property.
While the LTV is linked to the customer’s repayment capacity and the property’s market value, the funding that can be obtained on an average is up to 90% for a loan amount of Rs.30 lakh, up to 80% for a loan amount of Rs.30 to 75 lakh and up to 75% for a loan amount of Rs.75 lakh and above.
While this depends on several criteria, the loan amount that can be availed is between Rs.20 lakh to Rs.10 crore.
Interest amount starts on the date the cheque is accepted and not on the date the cheque is printed.
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