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Piramal Saarthi

Loan solutions that honour your property as much as you do

A good funding solution for your aspirations is your own property. Your property has the power to be the basis for your loan solution.

With our Saarthi loan against property product, we have the option of funding various property types. We understand that depending on the state and the property there are different sets of paperwork attached, we have the expertise to understand these and accordingly provide a loan solution. Saarthi, our secured business loan, aims to support you in achieving your dreams.

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Key Features of Piramal Saarthi

Loans up to 20 lakhs
Loan Tenure up to 10 years
Multiple Programs Accepted

Eligibility

  • Salaried

    Age

    • Minimum Age- Minimum Age- 21 years
    • Maximum Age- Income contributor (Govt employee) - 70 yrs (if pension considered) Income contributor (Others) - 62 yrs (or restricted to retirement age)

    Employment Type

    Working in a
    • Govt. institution
    • Public Sector Undertaking
    • Private Sector Companies such as Limited Companies / Private Limited companies
    • MNC
    • Partnership firm / LLP
    • Proprietorship concern (Individual / HUF)
    • Institutions run by Trust / NGO / Society / others

    Documents needed

    • Income Tax Returns for the latest 2 years
    • KYC Documents
    • Form 16
    • Bank statements for the last 6 months and salary slips
    • Documentation pertaining to the property offered as collateral.
  • Self-employed

    Age

    • Minimum Age- 23 years
    • Maximum Age- 70 years

    Employment Type

    • Self Employed Professionals: Qualified doctor (MBBS/MD/MS), CA and Architect.
    • Self Employed Non-Professionals, Business Owners, Proprietorship, Partners of Partnership Firm and Promoter Director of closely held private and public limited companies.

    However, Director of listed Public companies will be treated as Salaried

    Documents needed

    • Last 2 Years ITR With Compitation / CA Audited Financials Where Ever Applicable
    • KYC Documents
    • Form 16
    • Bank statements for the last 6 months.
    • Documentation pertaining to the property offered as collateral.

Interest Rate

Interest Rate
Customer Type Rates
Salaried / Self Employed Interest Rates starting from 16%* p.a
Fees & Charges
Fees & Other Charges as applicable on application/ during the term of Loan are as under. These are subject to modifications from time to time as decided by Lender as per its internal policy and any such modification shall be notified by the Lender through its website or its branches or such other medium as Lender may consider appropriate
Schedule of Fees & Other Charges Details
Processing Fees
  • Non-home Loan: Processing Fees up to 4 % of Loan amount + applicable taxes (payable before disbursement of Loan)
  • On cancellation or withdrawal or rejection of loan application (prior to handing over of loan cheque) minimum of Rs. 5000/- + applicable taxes or the initial processing fee, whichever is lower, will be held back.
Part Payment/Pre-closure charges
  • Non Home Loan (for the purpose other than business) availed by Individual/s at Floating Rate of Interest: No charges.
  • Non home loan for business purposes availed by individual/s at floating rate of interest: 4% of principal amount of Loan being prepaid + applicable taxes.
  • 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 dishonour 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. 500/- + applicable taxes
Loan Repayment Schedule Rs. 500/- + applicable taxes
"Re-scheduling Loan terms (e.g. EMI Date change / EMI increase /Lowering of Tenor" Rs. 5000/- + applicable taxes
No Due Certificate issuance charges 1st time free; subsequently Rs. 500/- + applicable taxes
Statement of Account Free once a year; subsequently Rs. 500 + applicable taxes
Photocopy of documents Rs. 500/- + 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
For detailed fees & charges and other Terms & Conditions click here

Documents

  • Salaried

    Applcation Form

    Application form with a recent photograph

    Proof of Identity

    • Passport
    • Driving License
    • Aadhaar
    • Voter's Identity Card
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of photo / name

    Proof of Income

    • Lasr 3 Months Dalary Slips
    • 2 YEARS FORM 16.
    • 6 MONTHS BANK STATEMENT WITH SALARY CREDIT
    • Bank statements for the last 6 months and salary slips
    • Documentation pertaining to the property offered as collateral.

    Proof of Residence

    • Passport
    • Driving License
    • Aadhaar Card
    • Voter's Identity Card
    • Utility bills like Telephone Bill /Electricity Bill etc.
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of photo / name and address.

    Co-applicant

    Co-applicant is mandatory. Additionally, WOMAN co-applicant is mandatory in certain cases

    • spouse or any first blood relative like parents, siblings, children who have attained age of maturity (s.t. income-ownership grid)
    • All co-owners of property should be on loan structure
    • Friends cannot be co‐applicants (allowed ony if they are coming in the capacity of partners/Directors/Shareholder)
  • Self-employed

    Applcation Form

    Application form with a recent photograph

    Proof of Identity

    • Passport
    • Driving License
    • Aadhaar
    • Voter's Identity Card

    Proof of Income

    • Last 2 YEARS ITR With Computation.
    • CA Audited Financials Where Ever Applicable
    • 6 Months Primary Bank Statement

    Proof of Residence

    • Passport
    • Driving License
    • Aadhaar Card
    • Voter's Identity Card
    • Utility bills like Telephone Bill /Electricity Bill etc.

    Co-applicant

    Co-applicant is mandatory. Additionally, WOMAN co-applicant is mandatory in certain cases

    • Co‐applicant can be spouse or any first blood relative like parents, siblings, children who have attained age of maturity (s.t. income-ownership grid)
    • All co-owners of property should be on loan structure
    • Friends cannot be co‐applicants (allowed ony if they are coming in the capacity of partners/Directors/Shareholder)

From homeowner’s heart

I applied for a home loan with Piramal and I got sanction for the required amount for 29 years under the Gruh Setu Home Loan. I have purchased the row house, and my family and I are happy that we will be moving into our new house soon.

Rajendra Rupchand Rajput,Nashik

I and my family were planning on buying a new home for which we needed a loan and I chose Piramal Finance. From collecting documents to guiding me at every step, Piramal has been a strong support system through the process.

Uday Biradar,Software Director