Affordable Housing Loan Interest rate

Bring your dream house to reality

  • High Loan Tenure
  • Easy customer support
  • Tax benefits
  • Loan-to-value up to 90%

Apply Now

What is an Affordable Housing Loan Interest Rate?

containeralign
center
textalign
center
color
#000000
width
100%
bulletclr
#00ff00
FontWeight
500
style
global-title-top-padding-mobile, global-title-top-padding, global-title-top-padding-tab, mobile-curve, city-heading

An Affordable Home Loan interest rate is a rate at which a lender charges interest on the amount borrowed to purchase a home under the affordable housing segment. These loans are typically designed for low-to middle income households to make homeownership more accessible.

At Godrej Housing Finance, we offer Affordable Housing Loan interest rates starting from 9.49% p.a., long loan tenure and loan amount ranging from ₹5 Lakh to ₹1 Crore.

containeralign
center
textalign
center
color
#3b3b3b
width
80%
bulletclr
#00ff00
FontWeight
300
style
global-no-padding-mobile, seo-para,city-para
ContaineralignTablet
center
textalignTablet
center
colorTablet
#3b3b3b
widthTablet
100%
bulletclrTablet
#00ff00
FontWeightTablet
500
containeralignMobile
center
textalignmobile
center
colormobile
#3b3b3b
widthmobile
100%
bulletclrmobile
#00ff00
FontWeightmobile
500

Types of Affordable Housing Loan Interest Rates

style
global-title-top-padding-mobile, global-title-top-padding, global-title-top-padding-tab
Understanding the types of Affordable Housing Loan interest rates can help you make informed financial decisions:
containeralign
center
textalign
center
color
#3b3b3b
width
80%
bulletclr
#00ff00
FontWeight
300
style
global-no-padding-mobile, global-bottom-padding, global-bottom-padding-tab
ContaineralignTablet
center
textalignTablet
center
colorTablet
#3b3b3b
widthTablet
100%
bulletclrTablet
#00ff00
FontWeightTablet
500
containeralignMobile
center
textalignmobile
center
colormobile
#3b3b3b
widthmobile
100%
bulletclrmobile
#00ff00
FontWeightmobile
500

1. Fixed Interest Rate

With a fixed rate, your interest remains unchanged for the loan tenure. Even if the market rates drop, your EMI remains unchanged.

2. Floating Interest Rate

Floating interest rates vary with market conditions or external benchmarks. While your EMIs may fluctuate, floating rates can lead to cost savings when market rates go down.

3. Hybrid Interest Rate

A hybrid rate combines the features of both fixed and floating rates. It typically starts with a fixed rate for an initial period before switching to a floating rate.

Affordable Housing Loan Interest Rate at Godrej Capital

At Godrej Capital, you may obtain Affordable Housing Loans at attractive interest rates.

Employment Category (Per Annum onwards)
Indian Resident Salaried 9.49%
Business Self-Employed 10.49%
Professional Self-Employed 10.49%
style
Global-padding-tab, global-bottom-padding-mobile

Factors Affecting Affordable Housing Loan Interest Rates

style
global-title-top-padding-mobile, global-title-top-padding, global-title-top-padding-tab
Several key factors influence the interest rate you are offered:
containeralign
center
textalign
center
color
#3b3b3b
width
80%
bulletclr
#00ff00
FontWeight
300
style
global-no-padding-mobile, global-bottom-padding, global-bottom-padding-tab
ContaineralignTablet
center
textalignTablet
center
colorTablet
#3b3b3b
widthTablet
100%
bulletclrTablet
#00ff00
FontWeightTablet
500
containeralignMobile
center
textalignmobile
center
colormobile
#3b3b3b
widthmobile
100%
bulletclrmobile
#00ff00
FontWeightmobile
500

1. Credit Score

If your credit score is above 700, it shows you manage money well. This can help you get a loan at a lower interest rate.

2. Market Conditions

Interest rates go up or down based on RBI’s policies. If the repo rate is high, even low-cost home loans can become more expensive.

3. Loan Amount and Tenure

Taking a bigger loan or choosing a longer time to repay it may lead to a higher interest rate, as it is riskier for the lender.

4. Lender Policies

Different lenders have their own rules, base interest rates, and special offers. These can change the final rate you get.

5. EMI Payment Ability

If you have a stable job and regular income, lenders see you as less risky. This can help you get a better interest rate.

style
Global-top-padding-mobile

Key Features of Affordable Housing Loan

style
padding-v1, global-title-component-padding, carousel-heading
Mobile-heading-label
Key Features of Affordable Housing Loan
timing
2
teaser-target-id
homepage-carousel-secondary
style
Hero-carousel-secondary
summary
*Terms and Conditions Apply
pagination
true
progressbar
false

PMAY 2.0 and Income Tax Benefits

Make the most of government schemes and subsidies.

  • Avail PMAY 2.0 interest subsidies available for affordable housing
  • Income tax deduction of up to INR 1.5 lakh under Section 80C of old tax regime for principal repayment
  • Additional tax benefit of up to INR 2 lakh in old tax regime under Section 24(b) on interest paid on a home loan

Apply Now

mobile-alignment
center
desktop-text-alignment
left
desktop-text-placement
left
type
carousel-v1
hide-button
primary
hide-button
secondary
teaser-target-id
homepage-carousel-secondary
Text-color
white

‘Housing for All’ - Government Initiative

Supporting individuals from all walks of life in owning a home, in line with the government’s Housing for All mission.

  • Individuals like factory workers, small shopkeepers, street vendors, and others from the unorganised sector can also apply for a Home Loan under this initiative
  • It enables low and middle-income groups to access housing finance with government support

Apply Now

mobile-alignment
center
desktop-text-alignment
left
desktop-text-placement
left
type
carousel-v1
hide-button
primary
hide-button
secondary
teaser-target-id
homepage-carousel-secondary
Text-color
white
timing
100
teaser-target-id
homepage-carousel-secondary
style
Hero-carousel-secondary, term-condition-padding, know-more-color, rebrand-sec
summary
*Terms and Conditions Apply
pagination
True
progessbar
True

EMI & Eligibility Calculators

style
global-top-padding-tab, global-top-padding-mobile, global-title-top-padding
loan-amount-title
Loan Amount
loan-amount-min-value
500000
loan-amount-max-value
10000000
Interest-rate-title
Interest Rate
loan-amount-step
25000
Interest-rate-min-value
9
Interest-rate-max-value
13
tenure-title-year
Loan Tenure
tenure-min-year-value
1
tenure-max-year-value
30
tenure-title-months
Loan Tenure
tenure-min-month-value
0
tenure-max-month-value
11
tab-title
EMI Calculator
calculator-id
homepage-calculator
style
cal,no-padding , global-bottom-padding-tab, home-emi
Principal-amount-label
Principal Amount
Monthly-emi-label
Your Monthly EMI
Monthly-emi-label-mobile
Monthly EMI
Interest-payable-label
Interest Payable
Total-amount-payable-label
Total Amount Payable
Interest-rate-label
Interest Rate @
Total-tenure-label
Total Tenure
Apply-now-label
Apply Now
redirection-path-emi
/apply-now?category=affordable_housing_loan&gtm=applynow&target=applynowform-container
Rupee-symbol-english
INR.
Percent-symbol
%
Year-span-label
Yrs.
Month-span-label
Mos.
Year-input-min-label
Year
Year-input-max-label
Years
Month-input-min-label
Month
Month-input-max-label
Months
Chart-year-symbol
Y
Chart-month-symbol
M
Chart-month-year-separator
|
Error-message-loan
Please Enter value within range.
Error-message-interest
Please Enter value within range.
Error-message-year
Please Enter value within range.
Error-message-month
Please Enter value within range.
income-title
Net Monthly Income
income-min-value
50000
income-max-value
2500000
existing-emi-title
Existing EMIs
existing-emi-min
0
Income-amount-step
25000
existing-emi-step
25000
existing-emi-max
1500000
interest-rate-title
Interest Rate
Loan-interest-rate-min-value
6
Loan-interest-rate-max-value
15
tenure-title-year
Loan Tenure
Loan-tenure-min-year-value
1
Loan-tenure-max-year-value
30
tenure-title-months
Loan Tenure
Loan-tenure-min-month-value
0
Loan-tenure-max-month-value
11
product-list

Home Loan

Plot Loan

Property Loan

redirection-path
/apply-now?category=affordable_housing_loan&gtm=applynow&target=applynowform-container
redirection-path-mobile
/apply-now?category=affordable_housing_loan&gtm=applynow&target=applynowform-container
select-product-place-holder
Select Product
font-size
18
Select-product-label
Select The Product You Are Interested In?
Interest-rate-label
Interest Rate @
Total-tenure-label
Total Tenure
Year-label
Y
Month-label
M
Tenure-separator
|
Principal-amount-label
Principal Amount
Interest-payable-label
Interest Payable
Loan-eligibility-label
Your Loan Eligibility Amount:
Total-amount-label
Total Amount Payable
Monthly-emi-label
Your Monthly EMI
Monthly-emi-label-mobile
Monthly EMI
Mobile-year
Years
Mobile-month
Months
Apply-now-button
Apply Now
Loan-Rupee-symbol-english
INR.
Percent-symbol
%
Year-span-label
Yrs.
Month-span-label
Mos.
Year-input-min-label
Year
Year-input-max-label
Years
Month-input-min-label
Month
Month-input-max-label
Months
Error-message-loan
Please Enter value within range.
Error-message-existing-emi
Please Enter value within range.
Error-message-interest
Please Enter value within range.
Error-message-year
Please Enter value within range.
Error-message-month
Please Enter value within range.
Tab-title
Loan Eligibility Calculator
Calculator-id
Homepage-calculator
Style
cal,no-padding, global-bottom-padding-tab, home-eligibility
quesansurl
/content/seo/seo-interest-rate/faq-ques-ans-affordable-housing-loan-interest-rate.json
desktopTitle

Frequently Asked Questions

cannotfindlabel
viewallbuttonlabel
viewallbuttonredirection
/support/faqs?category=home_loan
faqqMobileTitle
Frequenty Asked Questions
productPageName
Affordable Home Loan Interest Rate
style
global-padding, global-top-padding-tab, global-padding-mobile
viewAllRedirectionIcon

Explore Home Loan Offer in Your City

Home Loan in Mumbai
/home-loan/mumbai
Home Loan in Bangalore
/home-loan/bangalore
Home Loan in Hyderabad
/home-loan/hyderabad
Home Loan in Pune
/home-loan/pune
Home Loan in Chennai
/home-loan/chennai
Home Loan in Delhi
/home-loan/delhi
Home Loan in Ahmedabad
/home-loan/ahmedabad
style
global-padding-tab, global-no-padding-mobile, global-top-padding, explore-sec

Explore Home Loan Offers as per Your Budget

20 Lakh

Home Loan

/home-loan/20-lakh-home-loan

30 Lakh

Home Loan

/home-loan/30-lakh-home-loan

40 Lakh

Home Loan

/home-loan/40-lakh-home-loan

45 Lakh

Home Loan

/home-loan/45-lakh-home-loan
50 LakhHome Loan
/home-loan/50-lakh-home-loan

60 Lakh

Home Loan

/home-loan/60-lakh-home-loan

80 Lakh

Home Loan

/home-loan/80-lakh-home-loan

1 Crore

Home Loan

/home-loan/1-crore-home-loan
style
global-top-padding-mobile, global-top-padding, global-bottom-padding-tab
style
Global-no-padding-mobile

/about-us/blogs/home-loan/why-tier-2-cities-becoming-affordable-housing-hotspots

/about-us/blogs/home-loan/how-to-apply-for-affordable-home-loans-online

/about-us/blogs/home-loan/affordable-housing-loan-everything-you-need-to-know

/about-us/blogs/home-loan/reasons-why-affordable-housing-is-important-in-india

/about-us/blogs/home-loan/top-5-affordable-housing-finance-schemes

read-more-label
Read More
Not-found-msg
Sorry, couldn’t find what you’re looking for.
style
global-bottom-padding-tab

Connect with Our Customer Support Team

false

Customer Support

true
Guroo Chatbot
false
WhatsApp Chat
false
Customer Portal Login
false
022-68815555
false
Email Support
false
Customer Care
true
Send an Email
true
ⓘ Need more information or answers to your questions? Check out FAQs
false
style
global-bottom-padding, mobile-last-padding, global-bottom-padding-mobile, tab-last-padding
WhatsApp Support
Quick Apply
style
Quick-tools-component