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Piramal Capital & Housing Finance Ltd. (Piramal Finance) offers home loan for everyone, with hassle free process, convenient EMIs & flexible loan tenure
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In retail lending, we offer multiple products, including home loans, loan against property, loan against Mutual Funds, used car loans, small business loans to Indian budget conscious customers of Bharat.
Loan Against Mutual Funds
At Piramal Enterprises Limited, we provide Loan against Pledge of Mutual Funds. Loan Against Mutual Funds (LAMF) is a loan offered to customers against lien of Mutual Funds.
In case of an unsatisfactory response by the Insurance Company for insurance related concerns, you can lodge a complaint online at:
- Insurance is the subject matter of solicitation.
- Contract of Insurance is between the Insurance Company and the insured / policyholder.
- Piramal Finance does not underwrite the risk or act as an insurer.
- Life / General (Non-Life) insurance products are offered & underwritten by insurance company.
- Participation by the Company’s customers in any insurance product is optional and purely on a voluntary basis.
- GST applicable will be charged over and above the quoted premium.
- Beware of Spurious Phone Calls and Fictitious /Fraudulent Offers.
- IRDAI clarifies to Public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
- IRDAI does not announce any bonus.
- Public receiving such phone calls are requested to lodge a police complaint along with details of phone call and number.
LAMF Product will help you to meet your Personal/ Business needs without liquidating your investment. You can raise funds instantly in case of any emergency.
LAMF Product is offered to Individuals (Only Resident Indians).
- Salaried
- Self-Employed Professionals
- Self-Employed Non-Professionals
Customers can avail minimum Loan Amount of Rs 50,000 (50K) and Maximum of 2,00,00,000 (2 Crore).
Loan Tenure is 1 Year in LAMF Product. Customer can further Renew Loan facility 2 times for 1 year each.
Minimum age Limit to avail LAMF facility is 21 years while permitted Maximum age is 65 Years.
- Interest is calculated on the basis of daily outstanding balance and debited in LAMF Loan account on the last working day of the month.
- Interest is charged on amount used and for the period it is used
- Interest needs to be paid on or before 5th day of every month.
- A monthly notification shall be sent to Customer informing about the interest due. Interest will be collected through ECS. (Currently we do-not accept repayment by cheque).
- Interest: Interest to be serviced on a monthly basis and Principal as a bullet repayment at the end of loan tenor
Customers can withdraw and repay loan any time. There are no charges for any early payments.
Yes. Customers doesn’t need to have any prior relationship with Piramal, to open LAMF Account.
Client can Lien any number of Mutual funds Schemes. Limit will be provided against approved scripts only.
Yes, client can Un-lien his mutual funds (up to excess margin) by requesting Piramal Enterprise Ltd.
To view the charges associated with your loan account from 1st April 2024, please Click here.