Piramal Housing Finance Home Renovation Loan

Dreaming of a home makeover that brings your space to life without draining your wallet? Piramal Housing Finance Home Renovation Loan can assist you in transforming your home into a haven of comfort and style. Catering to salaried and self-employed individuals, this loan makes it feasible to fund everything from minor updates to major remodels. With competitive interest rates of 9.50% per annum, minimal documentation, and quick disbursal, this financial institution ensures your home renovation journey is smooth and hassle-free. Read down to learn how Piramal's Home Renovation Loan can help you turn your renovation dreams into reality.

Piramal Housing Finance Home Renovation Loan – Highlights

Here’s a tabular representation of the highlights of the Piramal Housing Finance Home Renovation Loan:

Piramal Housing Finance Home Renovation Loan Features & Benefits

The following pointers depict the features and benefits of the Piramal Housing Finance Home Renovation loan:

• You can borrow between ₹3 lakh and ₹5 crores, suitable for small updates and extensive remodels.
• The loan offers competitive rates starting at 9.50% per annum.
• Loans are processed and disbursed within 72 hours, ensuring you can start your renovation promptly.
• The repayment period can extend to 30 years, allowing for manageable monthly instalments.
• Both salaried and self-employed individuals can apply.
• The application process is straightforward, with minimal paperwork.
• Enjoy possible tax deductions under Section 24 of the Income Tax Act.
• You have the flexibility to repay the loan early without any extra charges.

Piramal Housing Finance Home Renovation Loan Interest Rates

Piramal Housing Finance offers competitive interest rates for its Home Renovation Loans, starting from 9.5% per annum. These rates are designed to make home renovation accessible and affordable, and they can vary depending on several factors, including the applicant’s credit score, loan amount, and tenure. Potential borrowers should consider their financial stability and repayment capability when evaluating these rates.

Piramal Housing Finance Home Renovation Loan Eligibility Criteria

To qualify for a Piramal Housing Finance Home Renovation Loan, applicants must meet the following eligibility criteria:

• Applicants should be between 18 and 65 years old at the time of loan application.
• The loan is available to both residents of India and Non-Resident Indians (NRIs).
• Applicants should have a permanent or rented residence where they have resided for more than 12 months.
• A good credit score.

Piramal Housing Finance Home Renovation Loan Documents Required

When applying for a home renovation loan from Piramal Housing Finance, you must provide several documents to support your application. Here are the key documents required:

• • KYC Documents
  • Income Proof: Latest salary slips, Form 16, and bank statements for the last 6 months. Moreover, Income Tax Returns for the last 2-3 years, bank statements for the last 6 months, and business financials. 

• Property-Related Documents:

• • Title Deed
  • Proof of Ownership
  • Approved Plan for Renovation
  • NOC from the Housing Society or Development Authority

Piramal Housing Finance Home Renovation Loan Processing Fees And Other Charges

Piramal Housing Finance charges a processing fee of up to 1% of the loan amount for their home renovation loans.