In a rapidly changing world, unplanned financial troubles can emerge without warning. Whether it’s for medical expenses, home renovation, education, or a dream vacation, personal loans offer a quick and easy way to access funds.
Piramal Finance personal loan are designed to help you meet all your essential financial needs with ease. Borrowers can avail of collateral-free online loans of up to ₹25 lakhs, depending on eligibility. They provide personal loans at a starting interest rate of 12.9% p.a., with flexible repayment tenure of up to 5 years.
| Piramal Finance Personal Loan Key Highlights | |
| Loan Amount | Up to ₹25 Lakhs |
| Loan Tenure | 1 year to 5 years |
| Interest Rate | Starts from 12.9% per annum |
| Processing Fees | Up to 5% of the amount + applicable taxes |
| Age Limit | · Salaried: 21 to 63 years
· Self-employed: 23 to 65 years |
| Eligible Applicants | Salaried & Self-employed individuals |
| Income Requirement | Salaried: ₹20,000 per month
Self-employed: ₹3,00,000 per annum |
Features and Benefits of Piramal Finance Personal Loan
Piramal Finance provides personal loans tailored with diverse benefits to meet a range of financial requirements. Below are some key features and advantages:
- Loan Amount- Borrow up to ₹25 lakhs.
- Quick Approval- Fast processing with minimal paperwork.
- Flexible Options- You can select a loan amount and flexible repayment tenure between 12 to 60 months based on your convenience.
- 100% Digital Process- Apply online via the Piramal Finance website or mobile app.
- Unsecured Loan- No collateral or guarantor required.
- Competitive Interest Rates- Affordable rates based on your creditworthiness.
- Dedicated Support- A loan expert provides complete support to guarantee a smooth and hassle-free process.
- Minimal Documentation- Requires basic KYC and proof of income.
- Get Instant Funds- Money transferred directly to your bank account.
- No Usage Restrictions- Use the loan for weddings, medical emergencies, travel, education, home renovation, etc.
- Prepayment Option- Facility to repay the loan early, reducing interest costs.
Piramal Finance Personal Loan Eligibility Criteria
To qualify for a Piramal Finance Personal Loan, applicants must meet certain eligibility conditions:
- Residential Status- Applicant must be an Indian citizen.
- Age Limit- Must be between 21 to 63 years (salaried), 23 to 65 years in case of self-employed individuals.
- Employment Type- Both salaried individuals and self-employed persons are eligible.
- Minimum Income- A minimum monthly salary of ₹20,000 per month (salaried employee) is required, and ₹3,00,000 per annum is required in case of self-employed.
- Business Proof- Valid registration and 2 years of continuity are required as business proof in case of self-employed individuals.
- Credit Score- Applicants should have a good credit score that reflects a strong repayment history.
Piramal Finance Personal Loan- Overview of Interest Rate & Other Charges
Piramal Finance deals in personal loans with variable interest rates instead of fixed interest charges. The interest rate is determined based on the type of loan availed and several key factors such as the borrower’s credit score, occupation, employer profile, monthly income, loan amount, and other relevant criteria.
| Piramal Finance Personal Loan Interest Rates and Other Fees | |
| Rate of Interest | Starts from 12.9% p.a. |
| Processing Fees | Upto 5% of loan amount |
| Penal Charges | 24% per annum |
| Pre-payment Charges | NIL |
| Admin Charges | Up to Rs.5000 + applicable taxes |
| EMI Date Change | Rs.1000/- + applicable taxes |
| Loan Repayment Schedule | Rs.500/- + applicable taxes |
| Swapping of Repayment
Account |
Rs.1000/- + applicable taxes |
| Duplicate No Dues
Certificate |
Rs.500/- + applicable taxes |
| Stamp duty | At actuals + applicable taxes |
| Loan cancellation after
Disbursal |
Rs.3000 + Interest accrued & due + taxes |
| Statutory Charges | At actuals + applicable taxes |
| Documentation Charges | Upto Rs.1,000 + Interest accrued & due |
| Loan repayment instrument
dishonor charges |
Rs.750/- per instance |
| Legal Charges | At actuals + applicable taxes |
| ROI conversion charges | An amount equal to 0.50% of the due balance, before taxes |
| CERSAI Charges | Rs 500 + taxes |
Mandatory Documents Required for Piramal Finance Personal Loan
To apply for a Piramal Finance Personal Loan, the following mandatory documents are typically required for personal loan may vary depending on factors such as your job, age, and gender. The required documents may vary depending on your employment status, age, credit score, gender, and other factors.
1. Documents required for Salaried Professional/ Women
| Document Types | Personal Loan Documents for Salaried Professional |
| Proof of Income | Last 3 month’s bank account statements/salary slips |
| Identity Proof | Voter’s ID card/Driving license, Aadhar card, or PAN card |
| Address Proof | Aadhar card/ Driving license/ Utility bills/ Passbook/ Property documents |
| Employment Proof | Offer letter/ Company contract, Company or HR’s Email ID, Official ID card |
| Investment Proof (if any) | Recurring deposits/ Fixed deposits/ Copy of receipts of mutual funds |
| Photograph | Latest passport size coloured photo |
2. Documents required for a Self-employed Individual
| Document Types | Personal Loan Documents for Self-Employed |
| Income Proof | Income tax returns, Business financial statement, Audit reports, Bank statement. |
| Identity Proof | Voter’s ID card/Driving license, Aadhar card, or PAN card |
| Proof of Residence | Aadhar card/ Driving license/ Utility bills/ Passbook/ Property documents |
| Office Address Proof | Incorporation documents/ Registration certificate/ Shop and Establishment act certificate/ GST registration document |
| Office Ownership Proof | Maintenance bill/ Electricity bill/ Property documents |
| Business Existence Proof | Tax registration or Company registration license |
| Photograph | Latest passport-size coloured photo |
3. Documents required for Pensioners & Senior Citizens
| Document Types | Personal Loan Documents for Pensioners |
| Income Proof | Pension documents or a Bank account statement |
| Identity Proof | Voter’s ID card/Driving license, Aadhar card, or PAN card |
| Address Proof/ Proof of Residence | Aadhar card/ Driving license/ Utility bills/ Passbook/ Property documents |
| Photograph | Latest passport-size coloured photo |
Piramal Finance Personal Loan: Full Application Process for Online and Offline
It’s easy to avail a loan from Piramal Finance. You can choose any method as per your preference and you can also visit any of their branches.
Steps to Apply for the Piramal Finance Online Personal Loan
You can enjoy a seamless personal loan application experience—apply online instantly in just a few easy steps.
Step 1: Visit the Official Website- Navigate to the Piramal Finance Personal Loan page, and click on the “Apply Now” button to initiate your application.
Step 2: Register with Your Mobile Number- Enter your mobile number linked to your bank account. Please input the OTP received on your registered phone number to proceed.
Step 3: Provide Basic Personal Details- Provide all your necessary details for loan application processing.
Step 4: Upload important documents for verification- You need to submit all the essential documents for the verification process.
Step 5: Bank account verification- You need to complete bank account verification for the smooth processing of application. Complete income verification to determine loan eligibility.
Step 6: Review form and Proceed- After completing all loan formalities you can review loan offer, digitally sign the loan agreement to confirm acceptance of terms.
Step 7: Amount disbursal- Once approved, the loan amount will be credited to your account within 24 hours.
Steps to Apply for Piramal Finance Personal Loan- Offline
You need to visit a Piramal Finance nearest Branch and select a personal loan from all the available options.
Step 1: Sign up using your mobile number and verify it through the OTP.
Step 2: Fill in your personal information and pick the loan terms that suit you.
Step 3: A financial expert from the branch will contact you to guide you through the next steps, ensuring a smooth and hassle-free loan application process.
Types of Piramal Finance Personal Loan
Here’s a concise description of each type of personal loan offered by Piramal Finance:
- Home Renovation Loan- Upgrade or refurbish your home with ease—this loan covers expenses like painting, remodeling, or new furniture.
- Wedding Loan- Make your big day stress-free with a loan that covers all wedding-related costs including venue, catering, and attire.
- Travel Loan- Explore your dream destinations with a loan that takes care of flights, hotels, and travel expenses.
- Car Loan- Drive home your dream car with fast and affordable financing. This loan is ideal for purchasing new or used vehicles with minimal documentation.
- Emergency Loan- Handle unexpected expenses like medical emergencies or urgent repairs without financial strain.
- Festival Loan- Celebrate festivals without budget worries—cover gifts, decorations, and festive shopping.
- Loan for Women- Specially designed for women to support personal, professional, or entrepreneurial goals.
- Loan for Salaried Employees- Tailored for salaried professionals to meet personal needs such as education, gadgets, or rent deposits.
- Education Loan- Fund higher studies or skill-development courses in India or abroad. The loan is designed to cover tuition, study materials, travel, and additional educational expenses.
- Personal Loan for Bike- Buy your desired two-wheeler with affordable monthly instalments.
Pros and Cons of Piramal Finance Personal Loan
Here’s a clear chart summarizing the pros and cons of Piramal Finance personal loans:
| Pros | Cons |
| Quick disbursement and minimum documentation | Strict eligibility criteria |
| Flexible repayment tenures | Processing fees and charges |
| Wide range of loan types | Higher rates for low credit scores |
| Competitive interest rates | Limited physical branch presence |
| Loans are available for small and large needs |
Piramal Finance App Ratings & Reviews
The rating given by the users for the Piramal Finance App is great on the Google playstore, with more than 10 Lakhs users downloading their app.
| 1 | Playstore Rating | 4.6*/5 |
| 2 | Number of Downloads | 10 Lakhs+ |
| 3 | Number of Users Review | 65,869 |
| 4 | Content Rating | 3+ |
| 5 | App Size | 12 MB |
| 6 | OS Required | Android 8.0 and above |
| 7 | App Permissions | Camera, Location, Microphone, Storage, SMS, Other |
Frequently Asked Questions (FAQs) for Piramal Finance Personal Loan
Here are important frequently asked questions (FAQs) related to Piramal Finance personal loans:
1. What is the loan amount range offered by Piramal Finance for personal loans?
You can avail a personal loan starting from ₹50,000 up to ₹25 lakh, subject to your eligibility and creditworthiness.
2. What are the applicable interest rates on Piramal Finance personal loans?
Interest rates are determined based on your credit profile and the loan amount, with rates starting at 12.9% per annum.
3. Who can apply for a personal loan from Piramal Finance?
Personal loans are available to salaried individuals, self-employed professionals, and business owners who fulfill the income and credit requirements defined by Piramal Finance.
4. What is the process to apply for a personal loan with Piramal Finance?
You can apply online through the official Piramal Finance website or visit the nearest branch with the necessary documents.
5. What is the timeline for loan approval and disbursal?
After successful submission and verification of documents, loan approval typically takes between 24 to 72 hours, with disbursal following shortly thereafter.
6. How can I check the status of my personal loan application?
You can track your loan application status online via the Piramal Finance website or by contacting customer support with your application details.
7. Can I apply for an instant personal loan if I already have an existing loan?
Yes, you can still apply for an instant personal loan from Piramal Finance. However, your debt-to-income ratio must remain within the acceptable range to qualify.
Piramal Finance Personal Loan Customer Care Details
For any queries, complaints, or requests, you can directly contact on Piramal Finance customer care service.
- Contact Number: 1800 266 6444 , 9:00 AM to 6:30 PM (not operational on Sundays and Public Holidays)
- Email Support: customercare@piramal.com
- Branch timings for customer: 10:00 AM to 04:00 PM (Branch closed on: All Sundays, Public Holidays, 1st and 2nd Saturdays)
- Piramal Finance Address: 1st Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, Opp. Fire Station, LBS Marg, Kurla (W), Mumbai MH- 400070
- You can also visit their website also.
Conclusion- Piramal Finance offers a convenient and swift personal loan process with flexible terms and competitive interest rates. Whether you need funds for medical emergencies, education, travel, or home renovation, their unsecured loans provide a viable solution. Before applying, ensure you assess your repayment capacity, understand all associated fees, and maintain a good credit score to enhance your loan eligibility. For more detailed information you can also visit the Piramal Finance Personal Loan website.
Thank you for reading!