Piramal Personal Loan: Apply for a Personal Loan Online and Get Approved in Minutes

Piramal Finance is a big money place that helps people who need money. They have something called the Piramal Finance Personal Loan, which can be used for many different things. You can use it to pay for school, pay for doctor visits, or even save up for a special trip. It’s like having a safe and dependable way to get the money you need.

Quick Details of Piramal Finance Personal Loan



Introduction of Piramal Personal Loan

Piramal Finance offers versatile personal loans for diverse needs.

Key Features and Benefits

Loan amounts from Rs. 1L to Rs. 10L, quick processing, low rates, flexible tenure, zero prepayment charges, income clubbing.

Interest Rate

Starting at 12.99% per annum, based on loan amount and eligibility.


Available for salaried individuals with stable incomes.

Documents Required

KYC documents, income proof, spouse’s documents for income clubbing.

Application Process

Online application, OTP verification, KYC, document upload, tracking via app.

Fees and Charges

Processing charges (0.50% to 2.50%), verification fees, GST, late payment fees, prepayment charges.

Prepayment Options

Full prepayment or part prepayment to reduce EMIs and total interest.

Loan Calculator

Piramal Personal Loan Calculator helps plan loan and EMIs.

Contact Information

Customer service: 1800 266 6444, Registered address in Mumbai.

Improving Eligibility

Credit improvement, income-to-debt ratio, co-signers, debt reduction, choosing a lender wisely.


Favorable reviews for simplicity, competitive rates, and flexibility.

Features and Benefits of Piramal Finance Personal Loan

Piramal Finance Personal Loan comes packed with an array of features and benefits that make it a compelling choice for those in need of funds:

  • Loan Amount: Borrowers can obtain personal loans ranging from a minimum of Rs. 1 Lakh to a maximum of Rs. 10 Lakhs, granting them the financial capacity to address various needs.
  • Quick Processing: One of the standout features of this loan is its swift processing. Applicants can expect to secure their loans online within minutes, making it an ideal choice for those in urgent need.
  • Eligibility: This personal loan is exclusively available to salaried individuals, simplifying the application process for this demographic.
  • Flexible Repayment Tenure: Borrowers have the flexibility to choose a repayment tenure that suits their financial situation, ranging from 12 to 60 months. This allows for manageable Equated Monthly Instalments (EMIs).
  • Minimal Documentation: Piramal Finance values simplicity and convenience. Therefore, minimal documentation is required, reducing the hassle typically associated with loan applications.
  • Competitive Interest Rates: Piramal Finance offers attractive interest rates, with rates starting as low as 12.99% per annum. This competitive rate ensures that borrowers can access funds without the burden of exorbitant interest charges.
  • Income Clubbing: To enhance loan eligibility, applicants can combine their income with eligible co-applicants, ensuring they can access higher loan amounts.
  • Zero Prepayment and Foreclosure Charges: Piramal Finance understands the importance of financial flexibility. Hence, there are no prepayment or foreclosure charges, allowing borrowers to repay their loans on their terms.

Piramal Finance Personal Loan Interest Rate

The interest rates for Piramal Finance Personal Loans start at a low 12.99% per year. However, the actual interest rate you get depends on things like how much money you want to borrow, how long you want to borrow it for, and whether you’re eligible for the loan. Also, keep in mind that, in addition to the interest rate, there’s a fee of up to 4% of the approved loan amount, plus taxes.

Who Can Apply for Piramal Personal Loan

To be able to apply for a Piramal Personal Loan, you must meet specific requirements:

If you have a job:

People who work in a job and get paid a regular salary can get this loan. You need to show proof of your job and how much you earn, like your pay stubs and letters from your employer.

If you work for yourself:

People who have their own businesses or are professionals like doctors, lawyers, or consultants can also get this loan if they have a steady income. You’ll need to prove your income with bank statements, tax returns, or financial records that have been checked by experts.

Step-by-Step Guide to Applying for Piramal Personal Loan Online

Applying for a Piramal Personal Loan is a straightforward process. Here’s a step-by-step guide to help you navigate the online application:

  • Step 1: Click on “Apply Now” to start your digital personal loan application.
  • Step 2: After applying, enter your mobile number linked to your bank account.
  • Step 3: You’ll receive an OTP on your mobile number. Enter the OTP to proceed.
  • Step 4: Enter your PAN details and confirm them.
  • Step 5: Provide your employment details and confirm them.
  • Step 6: Complete your KYC and select your address.
  • Step 7: After completing KYC, view your loan offer.
  • Step 8: Enter your bank account details.
  • Step 9: Verify your bank account details and confirm them.
  • Step 10: Upload your bank account statement and salary slips.
  • Step 11: Verify your income.
  • Step 12: Take a selfie and verify it.
  • Step 13: Review your loan details and make any necessary edits.
  • Step 14: Set up auto-pay for your EMIs.
  • Step 15: Complete your auto-repayment setup.
  • Step 16: Review your final offer details.
  • Step 17: Check your loan application status.
  • Step 18: Download the Piramal Finance App to track your loan details, statements, credit score, and more.

Documents Required for Personal Loan from Piramal Finance

When applying for a Piramal Finance Personal Loan, you will need to provide specific documents to complete the application process. The required documents include:

  • KYC Documents: These include Aadhar card, driving license, voter ID card, passport, and utility bills that establish your identity and residence.
  • Income Proof: To demonstrate your ability to repay the loan, you’ll need to provide your latest 1-month salary slip and 3 months’ bank statements.
  • Co-Applicant Documents: If you plan to club your income with an eligible co-applicant for higher loan eligibility, you’ll need the co-applicant’s documents. In this case, only your spouse can become a co-applicant, and all the necessary documents of the co-applicant will also be required during the loan application.

Fees and Charges of Piramal Finance Personal Loan

Aside from the interest rate and processing fee, Piramal Finance Personal Loans may incur additional fees and charges, including:

  • Processing Charges: Typically, personal loans have processing charges, which range from 0.50% to 2.50% of the loan amount. This fee covers the administrative costs associated with loan processing.
  • GST: Goods and Services Tax (GST) is applicable to all borrowers and contributes to the overall cost of the loan.
  • Late Payment Fee: If borrowers fail to make their EMIs on time, they may be subject to a late payment fee.
  • Verification Charges: Borrowers may be required to pay verification charges, especially if third-party verification agencies are involved in assessing the borrower’s repayment capacity.
  • Prepayment or Foreclosure Charges: In cases where borrowers wish to close the loan before its stipulated tenure, prepayment or foreclosure charges may apply.

Prepayment and Part Payment of Piramal Finance Personal Loan

Piramal Finance recognizes that borrowers may come into extra funds and want to expedite their loan repayment. To facilitate this, they offer prepayment and part payment options:

  • Part Prepayment: Borrowers can also make partial payments towards their outstanding principal amount, reducing the overall unpaid principal and subsequently lowering EMIs and total interest payments.
  • Full Prepayment: This option allows borrowers to repay the entire loan amount ahead of schedule, thereby becoming debt-free sooner.

Piramal Personal Loan Contact Number

If you have any questions or complaints, or need help with your personal loans or other services from Piramal Finance, you can call them at this number: 1800 266 6444. You can also visit or send a letter to their official address

601, 6th Floor, Amiti Building,
Agastya Corporate Park, Kamani Junction,
Opp. Fire Station, LBS Marg,
Kurla (W) Mumbai, MH 400070

Improve Your Chances of Getting a Personal Loan from Piramal Finance

Securing a personal loan from Piramal Finance can be made easier by considering a few key strategies:

  • Income and Debt Management: Maintaining a healthy income-to-debt ratio can boost your eligibility for personal loans.
  • Credit Clean-up: Raising your credit score increases your reliability as a borrower and improves your eligibility for a personal loan.
  • Limit Borrowing: Reducing your existing debt load makes you a less risky borrower in the eyes of lenders.
  • Consider Co-signers/Guarantors: Adding a co-signer or guarantor can make you appear as a lower-risk borrower increasing your chances of loan approval.
  • Choose the Right Lender: Opt for a lender like Piramal Finance that offers more flexible eligibility criteria, making it easier to secure a personal loan quickly.

Piramal Personal Loan Review

Piramal Finance’s Personal Loan has garnered favorable reviews for its simplicity, quick processing, competitive interest rates, and accommodating eligibility criteria. Borrowers appreciate the flexibility offered, including the absence of prepayment and foreclosure charges. The convenience of online applications and the availability of a loan calculator have made Piramal Finance a preferred choice for those in need of financial assistance.

Suggested Read: Business Loan Emi Calculator


Piramal Finance Personal Loan is a trustworthy and easy-to-get money help for people who are salaried or self-employed. They offer good interest rates. You can choose how you want to pay back the money and you don’t need too many documents to get it. It’s a helpful option when you need money for different things. If you want to know more or want to get a Piramal Personal Loan, you can call their customer service or go to their office.

FAQs Related to Piramal Personal Loan

Piramal Personal Loan is a relatively new product from Piramal Finance, but it has received positive reviews from borrowers so far. The loan offers competitive interest rates and flexible repayment terms, and the application process is relatively quick and easy. However, it is important to note that your eligibility for the loan will depend on your individual circumstances, such as your credit score, income, and employment status.

The minimum salary requirement for a personal loan from Piramal Finance is Rs. 25,000 per month. However, your actual eligibility may depend on other factors, such as your credit score, income stability, and employment status.

The disbursement time for a Piramal Personal Loan can vary depending on a number of factors, such as the loan amount, your credit score, and the time of day you apply. However, most loans are disbursed within 5-7 business days of approval.

The maximum personal loan amount you can get depends on a number of factors, including your salary, credit score, expenses, and employment history. However, as a general rule of thumb, you can expect to get a personal loan of up to 20 times your monthly salary. So, if you make 60000 per month, you may be eligible for a personal loan of up to 12 lakhs.

Personal loans can be risky, depending on the terms and conditions of the loan. For example, if you take out a personal loan with a high interest rate or a short repayment term, you may find it difficult to repay the loan. Additionally, if you default on a personal loan, it can damage your credit score and make it difficult to get a loan in the future.

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