NBFC
Piramal Finance
An NBFC focused on affordable housing, loans against property and small business lending.
Best for: Self-employed borrowers with informal income and affordable home buyers.
Apply with pre-screening
We check your profile against Piramal's policy and others on the panel before any application.
Typical strengths
- Affordable housing loans
- Loan against property for self-employed
- Flexible income assessment
Interest rates, fees and eligibility shown on this site are indicative, vary by lender and borrower profile, and are subject to change without notice. Always read the lender's Key Fact Statement (KFS) before signing. Loan approval and terms are decided solely by Piramal Finance under its credit policy.
Products
What we arrange with Piramal
- Home Loan
- Loan Against Property
- Business Loan
- Personal Loan
- Used Car Loan
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
Loan Against Property
Loans against residential, commercial or industrial property from ₹10 lakh to ₹15 crore at rates from about 8.75% p.a., with tenures up to 15 to 20 years and funding up to 70% of market value.
- Rate from
- 8.75% p.a.
- Up to
- ₹15 Cr
Business Loan
Unsecured business loans from ₹2 lakh to ₹1 crore for proprietors, partnerships and companies, at rates from about 14% p.a., with tenures up to 5 years and minimal collateral requirements.
- Rate from
- 14.00% p.a.
- Up to
- ₹1 Cr
Personal Loan
Collateral-free personal loans from ₹50,000 to ₹50 lakh at rates starting around 10.25% p.a., with disbursal typically within 48 hours of approval.
- Rate from
- 10.25% p.a.
- Up to
- ₹50 L
Our read
Where Piramal fits
Piramal is one of the few lenders on the panel that will look properly at income which does not arrive as a salary slip. For a self-employed borrower with real earnings and informal records, the assessment methods here can produce an approval where a bank would decline without discussion.
That capability shows up in affordable housing and in loans against property, which is where we use it most. It is not a lender of first resort for a clean salaried file, and we do not present it as one.
Worth knowing
- Flexible assessment is priced accordingly; expect to pay more than a bank would charge a documentable borrower.
- A loan against property puts your asset at risk, and that risk is the reason the rate is lower than an unsecured alternative.
Our assessment, not a statement of Piramal Finance’s policy. Terms are set by the lender and can change.
Questions
Piramal: common questions
What does informal income assessment actually mean?
The lender builds a view of your earnings from banking patterns, business evidence and local verification rather than only from filed returns. It is how a real business with imperfect paperwork gets funded.
Will I pay more than at a bank?
Almost certainly, and that is the trade. If your income can be documented properly we will take you to a bank instead, because it will be cheaper.
Is it suitable for an affordable home purchase?
Yes, that is one of its core markets, particularly where the buyer's income is informal. We compare it against the housing finance companies that serve the same segment.
Compare
Other nbfcs on the panel
The best lender for you depends on your profile. We compare before you apply.
Is Piramal the right lender for you?
Share your requirement and we will compare it against the whole panel, at no cost and with no bureau enquiry.