Piramal Finance

Piramal Finance is a financial services company that provides a variety of lending products, including home loans, business loans, and personal loans. It is a wholly owned subsidiary of Piramal Enterprises Limited, a leading diversified Indian conglomerate.


Piramal Finance

Piramal Finance was founded in 1994 as Dewan Housing Finance Corporation Limited (DHFL). It was renamed Piramal Finance in 2020. The company is headquartered in Mumbai, India, and has a presence in over 200 cities across the country.



Piramal Finance


Piramal Finance offers a variety of loan products, including:

  • Home loans: Piramal Finance offers home loans to individuals and families for the purchase or construction of a home. The loan amount can be up to ₹10 crore, and the interest rates start at 11% per annum.
  • Business loans: Piramal Finance offers business loans to small and medium enterprises (SMEs) for working capital requirements, expansion, and other business purposes. The loan amount can be up to ₹10 crore, and the interest rates start at 12% per annum.
  • Personal loans: Piramal Finance offers personal loans to individuals for a variety of purposes, such as debt consolidation, wedding expenses, and medical expenses. The loan amount can be up to ₹5 lakh, and the interest rates start at 12% per annum.

Piramal Finance


Piramal Finance is a well-established financial services company with a strong track record. It is a good option for borrowers who are looking for competitive interest rates and flexible repayment terms.


Piramal Finance


Here are some of the benefits of availing of a loan from Piramal Finance:

  • Competitive interest rates: Piramal Finance offers competitive interest rates on its loan products.
  • Flexible repayment terms: Piramal Finance offers flexible repayment terms, so you can choose a repayment plan that fits your budget.
  • Quick and easy application process: The application process for a loan from Piramal Finance is quick and easy. You can apply online or in person at a branch.
  • Convenient loan servicing: Piramal Finance offers convenient loan servicing, so you can make payments online, by phone, or in person at a branch.

If you are looking for a loan, Piramal Finance is a good option to consider. The company offers competitive interest rates, flexible repayment terms, and a quick and easy application process. Further information on Piramal Finance:

  • History: Piramal Finance was founded in 1994 as Dewan Housing Finance Corporation Limited (DHFL). It was renamed Piramal Finance in 2020.
  • Ownership: Piramal Finance is a wholly owned subsidiary of Piramal Enterprises Limited, a leading diversified Indian conglomerate.
  • Headquarters: Piramal Finance is headquartered in Mumbai, India.
  • Branches: Piramal Finance has a presence in over 200 cities across India.
  • Products: Piramal Finance offers a variety of loan products, including home loans, business loans, and personal loans.
  • Interest rates: Piramal Finance's interest rates are competitive and vary depending on the type of loan and the borrower's credit score.
  • Repayment terms: Piramal Finance offers flexible repayment terms, so borrowers can choose a plan that fits their budget.
  • Application process: The application process for a loan from Piramal Finance is quick and easy. Borrowers can apply online or in person at a branch.
  • Loan servicing: Piramal Finance offers convenient loan servicing, so borrowers can make payments online, by phone, or in person at a branch.

Here are some of the factors that borrowers should consider when applying for a loan from Piramal Finance:

  • Credit score: Piramal Finance will consider the borrower's credit score when determining the interest rate and repayment terms.
  • Income: Piramal Finance will consider the borrower's income when determining the loan amount and repayment terms.
  • Expenses: Piramal Finance will consider the borrower's expenses when determining the repayment terms.
  • Collateral: Piramal Finance may require collateral, such as a house or car, for certain loan products.

If you are considering applying for a loan from Piramal Finance, it is important to compare the company's interest rates and repayment terms to other lenders. You should also make sure that you understand the terms of the loan before you sign any paperwork.

 

Frequently Asked Questions

 

What are the eligibility criteria for a loan from Piramal Finance?

The eligibility criteria for a loan from Piramal Finance vary depending on the type of loan. However, some general eligibility criteria include:

  • You must be a citizen of India.
  • You must have a minimum age of 21 years.
  • You must have a minimum income of ₹10,000 per month.
  • You must have a good credit score.
  • You may be required to provide collateral for certain loan products.
  • What are the documents required to apply for a loan from Piramal Finance?

The documents required to apply for a loan from Piramal Finance vary depending on the type of loan. However, some general documents required include:

  • Proof of identity (such as a PAN card or passport).
  • Proof of address (such as a recent utility bill).
  • Proof of income (such as a salary slip or tax returns).
  • Collateral documents (if required).
  • How do I apply for a loan from Piramal Finance?

You can apply for a loan from Piramal Finance online or in person at a branch. To apply online, you can visit the Piramal Finance website and fill out an application form. To apply in person, you can visit a Piramal Finance branch and speak to a loan officer.


Piramal Finance


 What are the steps involved in the loan approval process?

Once you have applied for a loan from Piramal Finance, your application will be reviewed by a loan officer. The loan officer will assess your credit score, income, and expenses to determine your eligibility for a loan. If you are approved for a loan, the loan officer will contact you to discuss the terms of the loan.

 

What are the fees associated with a loan from Piramal Finance?

The fees associated with a loan from Piramal Finance vary depending on the type of loan. However, some general fees include:

  • Processing fees
  • Prepayment fees
  • Late payment fees
What are the repayment terms for a loan from Piramal Finance

The repayment terms for a loan from Piramal Finance vary depending on the type of loan. However, some general repayment terms include:

Loan amount: Up to ₹10 crore
Interest rate: Starting at 11% per annum
Repayment tenure: Up to 30 years

 I hope this information is helpful. Please let me know if you have any other questions.

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