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Key Benefits
Key Benefits
Interest Rates
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Documents Required
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Our Balance Transfer

We understand the challenges that life brings. Make the switch to Godrej for hassle-free Home Loans at the best rates.

  • Save on your EMI payments
  • Low Interest Rates From 7.54%
  • Loans for both business & professional
    Get additional top-up loan
  • Avail EMI Break

Key Features

Key Benefits
Key Benefits
EMI Break
Home Loan Balance Transfer Key Benefits
  • check Lower your EMI Payments with reduced Interest rates starting from 7.54%
  • check Avail additional Top-Up loans for your home & personal needs
  • check Get Speedy Sanctions and quick disbursals with minimum documentation
  • check Avail EMI Break in the 1st 3 years of your loan
  • check No charges on pre-payment and foreclosures
  • *T&C Apply
We understand that life can be hard at times.
We can ease it financially by giving you an EMI break when you most need it:
Home Loan Balance Transfer EMI Break
  • check Avail breaks for 3 predefined EMI’s/ PEMI’s in the first 3 years of the loan. Yes!, you pay 11 out of 12 months in the 1st 3 years of the loan.
  • check Salaried customers can avail an EMI Break in March (tax season), Self Employed customers in September (festival season) and Practicing Professionals in June (holiday season)
  • *T&C Apply

Low Interest Rates

If you’re looking to ease your financial burden, our low interest rates on Home Loan Balance Transfer will be there to support you.

RESIDENT

Salaried

7.54%

To

9.99%

Per Annum
BUSINESS

Self Employed

8.04%

To

10.99%

Per Annum
PRACTICING PROFESSIONALS

Self Employed

8.04%

To

10.99%

Per Annum
*T&C Apply

Calculate Your Savings

Balance Transfer
Balance Transfer
EMI Calculator
Loan Eligibility
Tax Saving
Existing Loan
Yr
%
Proposed Loan
%
Loan Tenure
Yrs
Ms

Total saving in cash outflow

Savings In EMI

Proposed EMI

Existing EMI

How to use the Balance Transfer Calculator?

  • Enter the outstanding principal amount of your current loan.
  • Use the sliding button to select the tenure of your current loan.
  • Input the rate of interest on your current loan.
  • Select the Godrej Capital interest rate
    Per Annum as per your credit evaluation.
  • Adjust the Loan Tenure options (months and years) to accurately assess the possible savings you could enjoy.

How our Balance Transfer Calculator could help you:

  • Easily understand the savings that a loan transfer could yield without any expert assistance.
  • Get an insight into the proposed EMI structure that could come with a balance transfer.
  • Make informed decisions about future financial moves and make choices accordingly.
%
Loan Tenure
Yrs
Ms

Your Monthly EMI

For the years at the % of interest rate

Total Interest Payable

Total Payment
(Interest + Principal)

How to use the EMI Calculator?

  • Use the sliding button to input the amount you need to avail as a loan.
  • Input the interest rate from 6-15% as per your Credit Evaluation.
  • Adjust the Loan Tenure options (months and years) to generate your monthly and total payment amounts.

How our EMI Calculator can help you:

  • Make a well-informed decision before making any financial commitments.
  • Accurately assess the tenure that would be feasible for your loan repayment.
  • Start long-term financial planning when all your EMI data is easily available.
  • Gauge the amount of interest you would pay and assess your risks with ease.
%
Loan Tenure
Yrs
Ms

Your Home Loan EMI Will Be

Your Home Loan Eligibility

How to use the Eligibility Calculator?

  • Use the sliding button to input your net monthly income. This can include income from multiple sources.
  • Enter the total amount of any existing loans or EMIs.
  • Input the interest rate from 6-15% as per your Credit Evaluation.
  • Adjust the Loan Tenure options (months and years) to your ideal repayment period to generate your Home Loan Eligibility Amount.

How our Eligibility Calculator can help you:

  • Quickly determine the amount you can avail as a Home Loan without any lengthy paperwork and reduce any risk of application rejection.
  • Start planning your future financial investments with greater accuracy.
  • Assess the benefits of a Godrej Finance Loan with ease.
Financial Details
Yr

Income Tax Benefits

Income Tax Payable includes 4% cess.

Income Tax Payable
After Home Loan

Income Tax Payable
Before Home Loan

How to use the Tax Saving Calculator?

  • Select your age with the sliding button.
  • Input your total taxable income amount.
  • Enter your annual principal amount and interest amount paid on your loan in INR to generate the final payable tax amount before and after your Home Loan.

How our Tax Saving Calculator can help you:

  • As per Section 80C and Section 24B of the Income Tax Act 1964, you could be eligible for tax saving benefits via both the principal and interest components of your loan.
  • Our Tax Saving Calculator to accurately arrive at your tax-saving benefits for the year.
  • Account for your tax savings and plan future investments with ease.

Documents Just what is needed. Nothing more.

KYC Documents

KYC Documents

Documents for proof of identity and address
  • Pan Card or Form 60 is a mandatory requirement for the loan application processing
  • For Proof of Identity and Address, any one of the below documents is acceptable
  • check Proof of possession of Aadhaar number
  • check Valid Passport
  • check Valid Driving License
  • check Voter’s Identity Card
Income Documents

Income Documents

Financial documents declaring your income
  • For Income Documents, we accept
  • check Latest 1 month salary slip, or a Salary Certificate authorized by the signatory of the company on the letter head
  • check Proof of employment for 2 years (Form 16 or Joining date on salary slip or employer letter or appointment letter etc.)
  • check Last 6 months statement of bank account where salary is credited
  • check Proof of bonus of last 2 years or Variable incentive for last 6 months – Bank statement reflecting the credits and salary slip letter reflecting bonus or variable incentive
  • check Bank statement reflecting EMI clearance of Last 6 EMIs OR Statement of account
  • check Sanction letter to evidence Collateral address
  • check Customer declaration for - Loan outstanding & List of documents submitted.
Property Documents

Property Documents

Property related Documents
  • For Under construction Home Loans – Approved Projects
  • check Allotment Letter or Stamped Agreement for Sale
  • check Payment Receipts or bank account statement showing all payments made to the Builder
  • For Resale Home Loans
  • check Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
  • check Prior Chain Link title documents
  • check Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
  • check Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
  • check Payment Receipts or bank account statement showing all the payments made to Seller
KYC Documents

KYC Documents

Documents for proof of identity and address
  • check Pan Card or Form 60 is a mandatory requirement for the loan application processing
  • check Proof of identity (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
  • check Proof of Address (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
Income Documents

Income Documents

Financial documents declaring your income
  • check ITR and Financial statements including P&L, Balance Sheet, COI & Schedules - 2 Years - certified by a Chartered Accountant
  • check Bank Statements for last 12 months
  • check Business Continuity Proof for 5 years
  • check Tax Audit Report, if applicable
  • check Bank statement reflecting EMI clearance of Last 6 EMIs OR Statement of account
  • check Sanction letter to evidence Collateral address
  • check Customer declaration for - Loan outstanding & List of documents submitted.
Property Documents

Property Documents

Property related documents
  • For Under construction Home Loans – Approved Projects
  • check Allotment Letter or Stamped Agreement for Sale
  • check Payment Receipts or bank account statement showing all payments made to the Builder
  • For Resale Home Loans
  • check Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
  • check Prior Chain Link title documents
  • check Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
  • check Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
  • check Payment Receipts or bank account statement showing all the payments made to Seller
KYC Documents

KYC Documents

Documents for proof of identity and address
  • check Pan Card or Form 60 is a mandatory requirement for the loan application processing
  • check Proof of identity (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
  • check Proof of Address (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
Income Documents

Income Documents

Financial documents declaring your income
  • check ITR and Financial statements including P&L, Balance Sheet, COI & Schedules - 2 Years - certified by a Chartered Accountant
  • check Practice Continuity Proof for 5 years
  • check GST challans for last 1 or 2 or 3 quarter since filing of last returns
  • check Tax Audit Report, if applicable
  • check Bank statement showing Rental credits & Registered Rent Agreement, if applicable
  • check Bank statement reflecting EMI clearance of Last 6 EMIs OR Statement of account
  • check Sanction letter to evidence Collateral address.
  • check Customer declaration for - Loan outstanding & List of documents submitted.
Property Documents

Property Documents

Property related documents
  • For Under construction Home Loans – Approved Projects
  • check Allotment Letter or Stamped Agreement for Sale
  • check Payment Receipts or bank account statement showing all payments made to the Builder
  • For Resale Home Loans
  • check Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
  • check Prior Chain Link title documents
  • check Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
  • check Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
  • check Payment Receipts or bank account statement showing all the payments made to Seller

FAQs

What are the benefits of transferring a home loan?

The essential benefit of a home loan balance transfer to Godrej Capital is the suitable rate of interest suited just for you. You get the added benefit of getting higher eligibility, along with a Top-Up loan, to take care of your extra needs. Thus making your overall monthly instalments at ease.

How long does it take to switch a lender?

You can apply for a Home Loan Balance Transfer from our Godrej Housing Finance website. Our representative will get in touch with you, It usually takes 5-10 days to process the basics of the information you provide like personal details, financial data, employment details, and existing property information to view your loan offer.

What is the maximum amount that can be transferred?

There is no maximum amount that you can transfer. If you are eligible, your entire home loan outstanding balance gets transferred to Godrej Capital.

Can the repayment period be extended at the time of transfer?

Yes. The repayment tenor can be extended up to a maximum period of 20 years for Self-employed and 30 years for Salaried customers respectively basis your eligibility and age.

Do I require a guarantor for home loan transfer?

No. There is no mandatory requirement for a guarantor.

Do balance transfers affect credit score ?

A Home Loan Balance Transfer does not lower your credit score.

What is a NACH Mandate?

National Automated Clearing House (NACH) is a centralized structure created to make payments more accessible and cost-effective; NACH offers a fast and efficient clearing platform. The NACH debit mandate is used by GHF to automatically deduct monthly instalments from your bank account for the loan availed.

How to cancel your NACH Mandate?

Two ways to cancel your NACH mandate are:

  • You can log in to the Customer Portal and request to cancel the mandate through the Write to Us section.
  • You can also send an email to customercare@godrejcapital.com through registered email ID or call our Customer Care +91 22 68815555 through a registered mobile number and place a request for NACH mandate cancellation.

You need to mention the Loan Account Number (LAN) in the request, and our team will connect with you within 48 hrs.

What is a Top Up Loan?

Top Up Loans can tend to personal and professional needs like home furnishing, marriage, child's tuition business expansion, etc.

Who can avail a Top Up Loan?

Customers opting for a Balance Transfer of their Home loan can additionally avail of a top-up loan from Godrej Capital subject to meeting the qualifying criteria.

What is the maximum term for which I can avail a Top Up Loan?

You can avail a top up loan for a maximum term of 15 years

Why Do I Have to Pay Fee For Top Up?

As a top-up loan is a primarily a new loan, standard processing fees apply to it as well.

Is it mandatory for a customer to obtain Insurance?

No, it is not mandatory to obtain Insurance. However, Insurance is a voluntary risk mitigation device that helps customers in multiple ways, such as securing the asset, helping in paying off the loan liability in an unlikely event.

Will Godrej Capital ensure that the benefits and details of the Insurance are provided to the customers?

The insurance contract is between the Insurer and the customers. The company plays a limited role in facilitating the insurance contract between customers and Insurers. It will be the Insurer's responsibility to provide details and benefits to the customers.

What are the benefits of Loan-linked Insurance?

Loan-linked Insurance covers a large amount of the loan liability. In any unforeseen circumstances like death, disability, hospitalization, and diagnosis of critical ailments, the Insurer can repay the loan liability through Insurance.

What are the benefits of Credit-Life insurance?

Credit-Life Insurance provides death cover for natural, accidental, and unnatural cause deaths. It also includes coverage for death due to Covid-19 and can be extended to co-borrowers. Customers can also avail the benefit of Section 80-C Income Tax deduction.

What are the benefits of Survival-Benefit Plan?

Survival-Benefit Plan is for critical illness insurance and provides additional cover for medical emergencies like heart attack, stroke, or cancer. Because these emergencies or illnesses often incur greater than average medical costs, these policies pay out cash to help cover those overruns where traditional health insurance may fall short. These policies come at a relatively low cost. However, the instances that they will cover are generally limited to a few illnesses or emergencies.

What are the benefits of Health Insurance?

Health insurance aims to provide a defence against the hardship caused due to lack of income because of (a) Disease, (b) Accident, (c) Surgery and (d) hospitalization.

What are the benefits of Property Insurance?

Property Insurance secures the property for which the loan has been availed; ensures the security of valuables within the house. It is applicable for entirely constructed property wherein the customer has possession of the property. The Claim amount is the reinstatement value of the property.

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