Piramal Finance Review

Personal loan from Piramal Finance with competitive rates and amounts up to Rs 25 lakh.

NBFCRBI RegulatedSelf-Employed OK
Reviewed by BankCreds App Review Team· App Review Analysts Updated 14 June 2026

Piramal Finance is the lending arm of the Piramal Group, an established, RBI-regulated NBFC that absorbed DHFL in 2021. Its personal loan is aimed squarely at "Bharat" — salaried borrowers in Tier 2 and Tier 3 cities who want a branch to walk into as well as an app.

This review covers what the loan really costs beyond the 12.99% floor, clears up a common error about its maximum amount, and weighs its branch-plus-digital reach against its fees.

Quick Facts

4.5★ · 1.5L

Play Store

₹5L

Max Loan

12.99% – 24.00% p.a.

Interest Rate

Within 48 hours

Disbursal

9 – 60 months

Tenure

Up to 5% of loan amount

Processing Fee

Rs 25,000 per month

Min Income

Play Store rating sourced from Google Play, as of 18 Jun 2026. Other figures from the lender's official disclosures.

Our Ratings

Disbursal speed 3.5/5

Advertised within 48 hours; many borrowers report ~24 hours, though some report longer delays.

Interest & cost 3.5/5

A reasonable 12.99% floor for strong profiles, but an up-to-5% processing fee is steep.

App experience 3.5/5

The app rates around 4.2★ with calculators and a free credit-score check, though some report slow loading.

Customer support 3.0/5

Branch access helps, but some legacy DHFL customers report servicing issues post-merger.

Safety & transparency 4.0/5

An established, RBI-regulated NBFC and part of the Piramal Group.

Loan Details & Charges

Loan Amount Rs 50,000 – Rs 5,00,000
Interest Rate 12.99% – 24.00% p.a.
Tenure 9 – 60 months
Processing Fee Up to 5% of loan amount
Late Payment Penalty on overdue EMI
Prepayment As per terms
Foreclosure As per loan agreement
Bounce Charges Rs 500 per bounce

Eligibility Criteria

Age 25-58 years
Min Income Rs 25,000 per month
CIBIL Score 750+
Employment salaried, self-employed
Documents PAN Card, Aadhaar Card, Salary slips (3 months), Bank statements (6 months), Address proof

What It Actually Costs

Loan amount ₹3,00,000
Tenure 36 months
Monthly EMI ₹10,846
Total interest ₹90,456
Processing fee Up to 5% (~₹15,000) + GST, deducted upfront
Total repayment ₹3,90,456

Illustrative at a ~18% rate for a typical borrower. The up-to-5% fee is deducted upfront. Your actual rate (12.99%–24%) depends on your profile — confirm your offer before borrowing.

Try the Piramal Finance EMI calculator

Pros

  • A reasonable 12.99% floor for strong-profile borrowers
  • An established, RBI-regulated NBFC and part of the Piramal Group
  • Branch-plus-digital reach into Tier 2 and Tier 3 cities
  • No foreclosure charges
  • Free credit-score check and calculators in the app

Cons

  • An up-to-5% processing fee is steep and erodes the rate advantage
  • The unsecured personal loan caps at ₹5 lakh (larger figures are secured products)
  • The 12.99% floor is a best case — most borrowers see the high-teens to low-20s
  • Disbursal can be inconsistent — some report close to two weeks despite assurances
  • Some legacy DHFL customers report post-merger servicing issues

Our Verdict

Piramal Finance is a solid, established choice for a particular borrower: someone in a Tier 2 or Tier 3 city who wants the reassurance of a branch alongside a digital loan, from a recognised, RBI-regulated NBFC. The 12.99% floor is reasonable for a strong profile, foreclosure is not penalised, and the Piramal Group name carries weight. Two caveats. The up-to-5% processing fee is steep and erodes any rate advantage, so factor it into the true cost. And be clear on the ceiling: the unsecured personal loan tops out at ₹5 lakh — larger figures you may see advertised belong to Piramal's secured home and business loans, not this product.

Who Piramal Finance suits

Salaried borrowers in Tier 2/3 cities who want a branch as well as an app
Strong-profile borrowers (CIBIL 750+, income ₹25,000+/month)
People needing up to ₹5 lakh from a recognised NBFC
Borrowers who value zero foreclosure charges

Look elsewhere if

You qualify for a sub-11% bank rate — the up-to-5% fee erodes Piramal's edge
You need more than ₹5 lakh unsecured
You're fee-sensitive or want a purely app-native lender with instant disbursal

Things to Watch

  • The up-to-5% processing fee is steep and deducted upfront — factor it into the true cost, as it can erase a rate advantage over a bank
  • The unsecured personal loan caps at ₹5 lakh; larger figures advertised elsewhere are Piramal's secured home or business loans, not this product
  • Disbursal can be inconsistent — some borrowers report it dragging close to two weeks despite a 48-hour promise

How to Apply for Piramal Finance

  1. 1

    Apply online or in-branch

    Use the Piramal Finance app or website, or visit a branch or Common Service Centre partner.

  2. 2

    Check eligibility

    Enter your details for an eligibility and credit-score check, and see your offered amount and rate.

  3. 3

    Upload KYC and e-sign

    Submit your KYC and income documents and e-sign the agreement.

  4. 4

    Receive funds

    Disbursal is advertised within 48 hours; many borrowers report about 24 hours, though some report longer.

Documents Required

PAN card
Aadhaar (identity and address KYC)
Recent salary slips (last 3 months)
Bank statements (last 3–6 months)
A passport-size photo and employment proof

What Real Users Say

Piramal Finance's app rates around 4.2★ on the Play Store with 1M+ installs.

Reviews value the branch-plus-digital reach but flag fees and inconsistent disbursal.

What users love

Borrowers value the physical branch presence in semi-urban India, the recognised name, and fast disbursal when it goes smoothly.

Common complaints

Some users report the high processing fee, inconsistent disbursal timelines, and legacy DHFL-account servicing issues.

How Piramal Finance Compares

vs Bajaj Finserv — Bajaj starts lower with higher ceilings — cheaper and bigger for strong profiles; Piramal counters mainly on Tier 2/3 branch reach.

vs HDFC Insta Personal Loan — HDFC starts lower with a flat capped fee — far cheaper on fees than Piramal's up-to-5%, but favours bankable urban profiles.

vs MoneyView — MoneyView is app-native with looser credit norms; Piramal wins if you want a branch and a recognised NBFC behind it.

How we tested

We reviewed Piramal's published personal-loan rates and fees, confirmed its standing as an RBI-regulated NBFC within the Piramal Group (including the 2021 DHFL resolution), and read recent borrower feedback across the Play Store and forums. We corrected a common data error: the unsecured personal loan caps at ₹5 lakh, not the ₹25 lakh some aggregators list (which reflects secured products). Confirm your offer before borrowing.

Frequently Asked Questions

What is Piramal Finance's personal loan interest rate?
The range is 12.99%–24% p.a. The 12.99% floor is reserved for high-CIBIL salaried applicants, so most borrowers pay more — often in the high-teens to low-20s.
How much can I borrow from Piramal Finance?
₹50,000 to ₹5 lakh on the unsecured personal loan. Larger amounts you may see advertised are Piramal's home or secured products, not the personal loan.
What's the processing fee on a Piramal personal loan?
Up to 5% of the sanctioned amount plus taxes, deducted upfront — so factor it into your real cost, as it can offset a lower headline rate.
How fast is disbursal?
Advertised within 48 hours, and many borrowers confirm about 24 hours, but some report delays of up to two weeks — experiences vary.
Is Piramal Finance safe and RBI-registered?
Yes — Piramal Capital & Housing Finance Ltd is an RBI-regulated NBFC and part of the Piramal Group, which resolved DHFL under India's insolvency code in 2021.

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Disclaimer: BankCreds.com is a loan comparison platform and does not directly lend, disburse, or provide any financial products. We aggregate and display loan offers from RBI-registered banks and NBFCs to help you make an informed decision. All loan applications are processed directly by the respective lender. Interest rates, charges, eligibility, and terms shown are indicative and subject to the lender's final assessment. Please read the lender's terms and conditions carefully before applying.