My experience with Piramal Finance was quite decent. I had taken a personal loan from them a couple of years back for my sister’s wedding, and the entire process was very smooth and uncomplicated. I took a loan of Rs. 10 lakhs at an interest rate of 13% for the period of 3 years and my EMI came out to be Rs. 33,694, which was quite reasonable for us. Although the interest rate was comparatively higher, we were able to repay it within the time. Also, the bank manager was extremely cooperative and supportive the entire time, till the closure. This is my honest Piramal personal loan review.
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I am writing this Piramal Finance personal loan review to share my dissatisfying experience with them last year. I took a personal loan of Rs. 10 lakhs for my sister’s marriage at an interest rate of 13%. I have paid around Rs. 6.5 lakhs for 2 years now. When I enquired about the closing procedure, they said the due balance is 6 lakhs as the interest rate keeps changing every six months. I checked another Piramal personal loan review, highlighting the same concern. I would never recommend them to anyone.
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Last year, my uncle took a personal loan from them and he gave us his
Piramal Finance personal loan review and shared his experience, saying he wouldn’t recommend them to anyone. Here’s why he asked us to stay away from them-
Interest rates are extremely high (11.99% to 33.89%) as compared to other banks.
Interest rate changes every 6 months.
Higher processing fee which is 5% plus taxes.
Awful customer service
My uncle had to pay a hefty sum of money as the interest rate kept changing every 6 months. When he told me this, I checked out a few other
Piramal Finance reviews and realised so many people have fallen under the scam. Please read this Piramal personal loan review before taking loan from them.
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Authors Of The Question
What is Piramal Finance Personal Loan Review?
rehana23746
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56 days
2024-09-19T10:00:28+00:00 2024-09-29T00:10:51+00:00Comment
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