When it comes to quick and flexible personal loans, Piramal Finance stands out as a reliable NBFC in India. Whether you are salaried or self-employed, Piramal offers customised interest rates based on your financial profile, making it suitable for both high and average CIBIL score borrowers.
This updated 2026 guide covers interest rates, charges, detailed factors affecting rates, eligibility, EMI insights, and expert tips to help you make the right borrowing decision.
Piramal Finance Personal Loan Interest Rates
| Loan Type | Interest Rate (p.a.) |
| Personal Loan | 10.50% – 24.00% |
Most borrowers get rates between 13% – 20% p.a., depending on profile strength.
Piramal Finance Personal Loan Charges & Fees
| Charges | Details |
| Processing Fee | Up to 2% – 4% |
| Prepayment Charges | Up to 5% |
| Foreclosure Charges | 2% – 5% |
| Penal Interest | 2% per month |
| EMI Bounce Charges | ₹300 – ₹1,000 |
| Documentation Charges | Applicable |
| GST | 18% on all charges |
Eligibility Criteria
| Criteria | Requirement |
| Age | 21 – 58 years |
| Employment | Salaried |
| Income | ₹25,000/month minimum |
| Experience | 6–12 months |
| CIBIL Score | 720+ preferred |
Also Read: LendingPlate Personal Loan Apply
How to Calculate Piramal Finance Loan EMI
| Tenure | EMI | Total Interest (15% p.a.) | Loan Amount |
| 12 Months | ₹18,050 | ₹16,600 | ₹2,00,000 |
| 24 Months | ₹9,700 | ₹32,800 | ₹2,00,000 |
| 36 Months | ₹6,940 | ₹49,800 | ₹2,00,000 |
Factors Affecting Piramal Finance Personal Loan Interest Rates
Several factors decide the interest rate offered by Piramal Finance. Understanding these factors can help you improve your profile and increase your chances of getting a loan at a lower interest rate.
Credit Score
Your credit score is one of the most important factors. It reflects your past repayment behaviour and financial discipline. Borrowers with higher credit scores are usually offered lower interest rates because they are considered less risky by lenders.
Loan Amount
The amount you apply for can also impact the interest rate. Higher loan amounts may come with better or customised rates depending on your income, repayment capacity, and overall credit profile.
Loan Tenure
The repayment period you choose affects the overall cost of the loan. Longer tenures may result in higher total interest outgo, and lenders may slightly adjust interest rates based on the selected tenure.
Income and Employment Stability
Applicants with a stable income and consistent job or business history are more likely to get lower interest rates. A steady income assures the lender that you can repay the loan on time without financial stress.
Existing Financial Obligations
Your current EMIs, credit card dues, and total debt-to-income ratio play a crucial role. If you already have multiple loans or high monthly obligations, the lender may offer a higher interest rate due to increased risk.
Repayment History
Your record of paying EMIs and credit card bills on time is carefully evaluated. A clean repayment history helps you secure better interest rates, while missed or delayed payments can increase your loan cost.
Employment Type
Whether you are salaried or self-employed also matters. Salaried individuals, especially those working in reputed companies, may get lower interest rates compared to self-employed applicants due to income stability.
Also Read: Refinance Personal Loan Apply
Conclusion
Piramal Finance Personal Loan is a great option if you want fast approval with flexible eligibility, especially when banks reject your application. However, since interest rates depend heavily on your profile, understanding the factors affecting interest rates can help you secure a better deal and save money.