Instant Personal Loan
From dream weddings to gadgets and school fees, our personal loan is your go-to for immediate financial needs.
Great Place to Work &
ET Best Brands Certified
Don't hesitate to dream big in 2024 with our hassle-free Instant Personal Loan!
Gift a Dream Home To
Your Loved Ones
Piramal Capital & Housing Finance Ltd. (Piramal Finance) offers home loan for everyone, with hassle free process, convenient EMIs & flexible loan tenure
Download
Piramal Finance App
Apply loan anytime, from any place, Track your loan application, & get FREE credit Report.
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.
FAQs
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 5,00,00,000 (5 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.
- 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.