Regulated NBFCAll Eligible Borrowersunsecured

Piramal Finance Personal Loan

पिरामल फाइनेंस पर्सनल लोन

Piramal Finance personal loan tailored for Tier 2/3 towns and Bharat borrowers up to ₹10 Lakhs.

Max Loan Amount

₹25,000 to ₹10,00,000 (Tier 2/3 and Bharat Focus)

Interest Rate

12.99% - 28.00% p.a. (risk-grade fixed)

Tenure

12 to 60 months

Processing Fee

Up to 3.50% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Piramal Capital & Housing Finance's unsecured retail personal loan tailored for salaried and self-employed customers in Tier 2, Tier 3, and Tier 4 towns across Bharat, featuring flexible underwriting for emerging earners.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Higher interest rate floor (starts at 12.99% p.a.). • Foreclosure penalty of 4% + GST applies after 6 months. • Processing fee non-refundable once loan is sanctioned.

✦ Key Benefits & Features

• High acceptance for borrowers in semi-urban and developing markets • Flexible income assessment including cash-flow evaluation • Loan amount up to ₹10 Lakhs without pledging assets • Physical branch presence in over 500 towns.

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 6 months with 4% fee + GST.

✦ Eligibility Requirements

Salaried employees, small shopkeepers, and self-employed individuals with verifiable income. Min Age: 21, Max Age: 65. Min Monthly Income: ₹15,000. Min CIBIL: 680.

Min Age21 Years

Max Age65 Years

Min Monthly Income₹15,000

Min CIBIL Score680+

✦ Documents Required

• Identity Proof: PAN Card and Aadhaar Card • Income Proof: Last 3 months payslips, ITR, or cash-flow bank statement • Banking: Last 6 months bank statement.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Apply via Piramal Finance mobile app with instant digital verification.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit piramalfinance.com > Personal Loans. Submit mobile number, PAN, and KYC details.

Pathway C

Branch Walk-In Application

1. Visit nearest Piramal Finance branch with payslips or business income proofs and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Piramal Finance Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Piramal Finance Personal Loan

Can borrowers from Tier 3 and Tier 4 towns apply?

Yes, Piramal Finance specializes in catering to emerging markets and Tier 2/3/4 towns across Bharat.

What is the minimum credit score required?

A CIBIL score of 680 and above is considered for eligibility.

What is the maximum tenure?

Up to 60 months (5 years).