Piramal Housing Finance Home Loan for Bank Employees

Piramal Housing Finance offers home loan solutions for bank employees. These loans have attractive interest rates, starting as low as 9.50%* annually. Catering to diverse needs, loan amounts range from ₹5 lakhs to ₹2 crores with flexible repayment schedules extending up to 30 years. While processing fees may apply, Piramal aims for an efficient application process. This program reflects their commitment to providing accessible financing for bank employees, ensuring they can secure their dream homes quickly and smoothly.

Piramal Housing Finance Home Loan for Bank Employees – Highlights

Here are the highlights of Piramal Housing Finance’s home loan for bank employees:

Piramal Housing Finance Home Loan for Bank Employees – Fees and Charges

Fees and charges applicable to Piramal Housing Finance’s home loan:

• Processing Fees: Up to 5% of the loan amount, plus applicable taxes.
• Pre-closure Charges: For fixed-rate loans, 2% of the principal amount is prepaid plus taxes; there are no charges for loans prepaid from their own sources.
• Other Charges: These include CERSAI charges (approximately Rs. 500 plus taxes), documentation fees (e.g., statement of account fees), and penalties for non-compliance with loan terms. These charges may vary based on specific loan terms and conditions.

Piramal Housing Finance Home Loan for Bank Employees – Documents Required

For Piramal Housing Finance’s home loan, the required documents include:

• Identity Proof: Aadhaar Card, Passport, etc
• Income Proof: Last 3 months’ salary slips, Form 16
• Employment Proof: Employment certificate from the bank

Piramal Housing Finance Home Loan for Bank Employees – Eligibility Criteria

Here are the eligibility criteria for Piramal Housing Finance’s home loan for bank employees:

• Employment Type: Must be a current employee of a recognised bank
• Tenure: Requires a minimum of 2–3 years of tenure with the bank
• Income Criteria: Must meet specified income thresholds