Why Piramal Housing Finance Home Loan could be the best option for you?

Why Piramal Housing Finance Home Loan could be the best option for you?

You must know how hard it is to buy a home in a country like India considering the hefty prices of homes here. And if you had a wish of taking a home in the capital city of India - Delhi, then you must be worrying about the ways of buying it. You don’t have to worry a bit because, with the help of the Piramal Housing Finance home loan, you could turn your dream into reality. Piramal Housing Finance is one of the leading companies that provide home loan to customers who want to get their own homes.

There are ample benefits of taking a home loan from the ​Piramal housing finance​. We know that there are several options from where you can take a home loan, and it’s quite hard to choose the one that is best for you. We understand your problem and that’s why we will tell you about all the features of the Piramal Housing Finance home loan in detail so that you can make an informed decision. So, if you’re someone who wants to know about it, then this article would be a perfect read for you. Keep reading!

What are the features of the Piramal Housing Loan Facility that makes it one of the best?

● The home loan from the Piramal Housing Finance can be availed for many purposes such as home purchase, renovation, extension, or repair. So if you are having any doubt whether you will get a home loan for these purposes, then you don’t need to worry. This home loan is pretty flexible in that way. ● You can get a loan amount up to 90% of the property value depending on several factors such as repayment capacity, monthly income, property location. The remaining 10% you will have to pay as the downpayment. ● You can choose either a fixed or floating rate of interest according to your suitability. Piramal Housing finance interest rate starts from 9.50% per annum. You also need to remember that it will depend on your age, monthly income, repayment capability, and most importantly, the ​CIBIL score​. ● Also, it is linked with the Retail Prime Lending Rate. ● You can take the loan amount for a maximum period of 30 years. You can choose this period according to your capacity, becasue your interest would be according to the number of years you choose. ● The ​Piramal Housing Finance home loan​ can be applied either solely or jointly. You can choose a co-applicant to decrease some burden from your back. ● With this loan facility, the interest on your loan starts only when you accept the cheque of the loan amount, not when the lender writes it. ● The loan amount that you can get ranges from a minimum of INR 20 lakhs to a maximum of INR 10 crores.

Tax Benefits:

You can also avail of the tax benefits by opting for a ​home loan​ facility from the Piramal Housing Finance under Section 24 and Section 80C of the Income Tax Act. You can get upto a deduction of INR 1,50,000 on your income on the repayment of the loan.

What is the Eligibility Criteria for getting a Home Loan?

● Both Salaried and Self employed individuals can opt for this loan. ● Proprietorship Firms, Private Limited Companies, Partnership or LLP Companies can also apply for the loan.