Piramal Finance Personal Loan

A personal loan helps you borrow money against your credit.

Personal Loan Eligibility Calculator on Piramal Finance

Any salaried person working in government, public-sector, or private-sector positions is eligible for a personal loan. You must be between 21 and 60 years of age. You must have 6 months of working experience at your current job, and your minimum monthly salary should be Rs 25,000.

To check your personal loan eligibility, you need to submit the following documents:

• Identity proof: PAN card, passport, voter ID, or driving licence
• Address proof: an electricity bill, a telephone bill, a water bill (in the name of the applicant), or a rental agreement (in the name of the applicant)
• One month’s salary slip
• Last three months’ bank statement

Benefits of a Personal Loan from Piramal Finance

Piramal Finance provides low-cost loans to people who have lower credit scores using its online personal loan eligibility calculator. You can expect to receive Rs 1 lakh to Rs 10 lakh as a loan amount to pay for your expenses. Some of the key aspects of personal loans offered by Piramal Finance include

1. 0% prepayment charges
2. If you wish to repay your loan before the set period, you do not have to pay any prepayment charges. You can pay the loan amount in full at any time without any extra charges. This feature of personal loans at Piramal Finance sets it apart from those at other banks and NBFCs; they charge around 2–3 percent prepayment charges on pre-fixed interest rates.
3. Minimum Documentation
4. If the personal loan eligibility calculator indicates a sound financial background, you can take out a loan with minimal paperwork. You only need to submit a few documents, like ID proof, residential proof, and some other papers, with your application form.
5. Quick Disbursal
6. Personal loans at Piramal Finance are disbursed within 24 hours or less. You can get the funds in your bank accounts in such a short time. Other banks and NBFCs take around 2–3 days to disburse the loan amount. Please note that the loan amount is credited to you only after you complete and submit the form and other documents.
7. Easy EMI options
8. Piramal Finance offers an easy EMI structure for personal loans. The borrowers can pay their EMIs online or through their bank accounts. This will make loan repayment easier and more convenient for you. You can check all these details using the personal loan eligibility calculator on the Piramal Finance website.
9. Long Tenure
10. Piramal Finance offers a loan tenure of up to 5 years. This makes the personal loan product great for people looking for a long-term financial solution.
11. Large-ticket personal loan
12. Piramal Finance provides personal loans up to Rs 10 lakh. You can club your income with your spouse’s income to get approved for higher loan amounts.

Piramal Retail Finance, the consumer lending platform of Piramal Enterprises Limited, engages in various financial services businesses. It provides home loans, loans for small businesses, and loans for working capital to customers in affordable housing and mass affluent segments across Tier I, II and III cities. Its modular structure will have the ability to add multiple products such as loans for used cars, two-wheelers, education and purchase finance.

Focused on building strong partnerships, the Company offers an Artificial Intelligence (AI) enabled multi-product retail lending platform by augmenting a ‘Digital at its Core’ strategy via physical customer connect-points for budget customers of Bharat. Its vision is to reach to ‘Bharat’ customer segments, especially those that do not have easy access to the Indian financial systems, across geographies via its unique ‘Hub & Spoke’ model that includes 14 Hub branches and 26 tech-led spoke locations.