Piramal Capital & Housing Finance (PCHF), a National Housing Bank-registered company, offers wholesale and retail financial services in a variety of industries. The PCHF Home Loan is one of the company's most well-known real estate offerings. In addition, the firm offers financial services like as project financing and flexi lease rental discount. With Piramal Capital & Housing Finance's highly customizable home loans, taking the first moves toward owning a home can be immensely rewarding. Your dream of owning a new house is now within reach, because to quick and easy disbursal and hassle-free processing.
Piramal Home Loan Schemes 2021:
Super Loan:
- As the organisation considers future income increases, 20 percent higher eligibility possibilities are offered.
- Choosing a lower EMI is an option. 15% of the time
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- No additional EMI is required for top-up services.
- Up to 90% of the property's value is transferable. This is dependent on regulatory limitations and your ability to repay.
- Depending on your retirement age, up to 30 years.
- The loan amount within this home loan ranges from Rs. 20 lakhs to Rs. 10 crores.
Bridge Loan:
-The option to set aside time to find the ideal buyer for your current home. It fills the financial gap between selling your current property and buying a new one.
- Purchase of a residential property for the first time and resale.
- Amount of loan: up to 90%
- The maximum tenure for a ready to move property is 24 months, and the maximum term for an under construction property is 24 months from the date of the last disbursement, with a maximum duration of 60 months.
- To apply for a home loan under this plan, you must have a co-applicant.
- The loan amount within this home loan ranges from Rs. 20 lakhs to Rs. 10 crores.
Advantage Loan:
- Customers who have an additional co-applicant (particularly parents) income assistance and are close to retiring from their profession are eligible for this program.
- This sort of home loan is available to government employees who expect to receive a pension income after retirement.
- The maximum loan amount is Rs. 20 lakhs, with a maximum loan amount of Rs. 10 crores.
- This scheme has a potential term of up to 30 years, depending on your retirement age.
- Independently or jointly, you can apply for this home loan.
Piramal Housing Loan Interest Rate 2021:
Piramal Housing Finance Home Loan interest rates start at 9.00 % p.a. in June 2021, with a maximum term of 30 years. Its home loans have a processing fee of up to 0.10 %
|
Loan Amount |
Piramal Housing Home Loan Rate |
|
Above Rs.30 Lakh |
9.00% |
|
Upto Rs. 50 Lakh |
9.00% |
|
Rs. 50 Lakh - Rs. 75 Lakh |
9.00% |
Features and Benefits of a Piramal Housing Home Loan:
- Home loans are offered for up to 90% of the total cost of the property, including the land.
- Interest rates start at 9%.
- Repayment plans that can last up to 30 years, depending on your retirement age.
- A Home Loan is also available to non-resident Indians.
- Norms of eligibility that are easier to understand
- Documentation is simple to complete.
- Home Loans Are Processed Quickly
- Repayment of Home Loan payments provides tax benefits.
- Applying for a home loan online is now possible.
Documents Required for Piramal Housing Home Loan:
Identity Proof - KYC Documents: Aadhar card, Passport, PAN, Voter ID, Driving License, etc.
Proof of Residential Address - KYC Documents- Aadhar card, Passport, PAN, Voter ID, Driving License, etc.
Income Documents - For Salaried:
- Last three months’ salary slips, including any deductions.
- The most recent ITR and Form 16A from the employer.
- If applicable, provide a performance appraisal letter or a bonus letter as proof of bonus.
Income Documents - Self-Employed:
- Copies of the ITR and Income Computation for the past two years that have been audited
- Financial statements that have been audited, as well as the audit report for the previous two years
- Statement of the prior year's primary bank account
- Other bank accounts referenced in the Balance Sheet: Statement
Property Documents:
- Agreement for Sale or Sale Agreement
- If available, a sale deed
- Permission for development and approval of the construction plan
- a society share certificate
- Tax receipt (land/property).
