Piramal Capital and Housing Finance Limited|Piramal Capital and Housing Finance LimitedInterest Rate, Eligibility & EMI

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Loan Details

Bank Name

Piramal Capital and Housing Finance Limited

Maximum Loan Tenure

30 years

Maximum Loan Amount

5 crore

Interest Rate

11% Retail Prime Lending Rate (RPLR) 19.92% p.a (effective September 1, 2022)

Type

Adjustable / Floating Rate Loan: PLR 20.50% p.a. (effective January 06, 2023) Fixed Rate Loan: 10-24% p.a

Down Payment

75% to 90% of property value

Fees and Charges

Processing Fees: Application/Login Processing Fees (Nonrefundable): Rs. 3500/- + applicable taxes • Home Loan: Processing Fees up to 3 % of Loan amount + applicable taxes (payable before disbursement of Loan) • Non-home Loan: Processing Fees up to 4 % of Loan amount + applicable taxes (payable before disbursement of Loan) Part Payment/Pre-closure charge: Home Loan availed by Individual/s/Non-Individual at Floating Rate of Interest: No charges. • Home Loan availed by Individual/s/Non-individual at Fixed Rate of interest: 2% of principal amount of Loan being prepaid+ applicable taxes. No prepayment charges shall be payable for partial or full payments made from own sources. The expression “own sources” for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution. The Borrower will be required to submit such documents that the Lender may deem fit and proper to ascertain the source of the fund. • Non home loan for business purposes availed by individual/s at floating rate/fixed rate of interest: 4% of principal amount of Loan being prepaid + applicable taxes. • Non-Home Loan for the purpose other than business availed by Individual/s at Floating Rate of Interest: No charges. • Non-Home Loan availed by Non-Individual as a borrower at Floating/Fixed Rate of Interest: 4% of principal amount of Loan being prepaid + applicable taxes. Loan repayment instrument dishonor charges: Rs. 500/- + applicable taxes CERSAI charges Rs. 500/- + applicable taxes Loan Pre-closure Statement: Rs. 1000/- + applicable taxes List of documents deposited with the Lender : Rs. 1000/- + applicable taxes Loan Repayment Schedule (applicable for physical copies only): Rs. 500/- + applicable taxes Change of Loan repayment mode: Rs. 500/- + applicable taxes Loan cancellation after cheque handover: Interest accrued & due + applicable taxes Duplicate No Due Certificate/NOC issuance charges: Rs. 500/- + applicable taxes Statement of Account (applicable for physical copies only): Rs. 500/- + applicable taxes Photocopy of documents Rs. 1000/- + applicable taxes Rate of Interest conversion charges (fixed to fixed or floating to floating or fixed to floating or floating to fixed, as applicable from time to time): 0.50% of the Loan outstanding + applicable taxes Retrieval of original property documents: Rs. 500 + applicable taxes Additional Charges 2% p.m. on Outstanding Amount for the non-compliance of any terms and conditions of the Transaction Documents by the Borrower, for the period beginning the date of such noncompliance until the same is cured to the satisfaction of the Lender + applicable taxes Collection pickup charges: Rs. 250/- per visit + applicable taxes Any Legal cost/charges: At actuals + applicable taxes Non-encumbrance certificate: At actuals + applicable taxes Recovery related charges At actuals + applicable taxes Stamp duty/Franking charges: At actuals + applicable taxes Statutory Charges At actuals + applicable taxes Custodial charges Rs. 500/- + applicable taxes; cases where title documents

Minimum CIBIL Score

750

Down Payment and Fees

Piramal Capital and Housing Finance Limited

Special Features

None

Eligibility Criteria

Special Concession

Home Saver Option

Features, Eligibility and Concession

Pros

Cons

High Interest Rates

Pros & Cons

Product Review