Loan Against Property Interest Rate

Turn your Property into Capital

  • Starting Rate of 9.75%
  • Loan-to-value of up to 85%
  • Loan of up to INR 15 Cr
  • Flexi funds facility

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What is a Loan Against Property Interest Rate?

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A Loan Against Property (LAP) interest rate is the rate charged by lenders on the amount you borrow by pledging residential or commercial property as collateral. Whether you are using the loan for personal or business needs, Loan Against Property typically offers lower interest rates than unsecured loans due to the security of collateral.

At Godrej Finance Limited, we offer low interest rates starting from 9.75% p.a., with flexible repayment options and high loan amounts to secure the financial support you need.

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Types of Loan Against Property Interest Rates

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Understanding the types of Loan Against Property interest rates can help you make informed financial decisions:
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1. Fixed Interest Rate

With a fixed rate, your interest remains unchanged for the loan tenure. This provides you stability in EMIs and makes budgeting easier.

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.

Loan Against Property Interest Rates at Godrej Capital

At Godrej Capital, you may obtain Loan Against Property at attractive interest rates.

Employment Category (Per Annum onwards)
Indian Resident Salaried 9.75%
Business Self-Employed 9.75%
Professional Self-Employed 9.75%
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Factors Affecting Loan Against Property Interest Rates

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Several key factors influence the interest rate you are offered:
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1. Credit Score

A stronger credit score, usually above 700+, indicates financial discipline, helping you secure a lower interest rate.

2. Property Type and Location

Lenders usually assess the property’s market value, whether it is residential or commercial type and location. Well-located and high-valued properties offer competitive rates.

3. Loan Amount and LTV Ratio

A higher loan amount or higher LTV ratio can attract slightly higher rates due to risk involved.

4. Lender Policies

Each financial institution has its own risk assessment criteria, base rates and promotional offers that might impact the final rate.

5. EMI Payment Ability

Showing consistent cash flow through employment status and EMI payment capability increases your chance of getting a better interest rate.

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Key Features of our Loan Against Property

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Design Your EMI

Your EMI, Your Choice! Personalize your EMI payments as per your cash flow requirements.

Adapt your loan repayments to suit your financial needs. Take advantage of the interest-only period to support your personal or professional goals—big or small.

  • Choose to pay only interest for up to 36 months
  • Schedule your EMIs as per your convenience, capability, and comfort

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Grow With Nirmaan

Growing your business just got easier! Explore Nirmaan - your one-stop solution for all business needs.

Expand locally and globally, navigate government tenders, manage employees, streamline operations, transfer funds securely, get compliance support, and more with Godrej Nirmaan's comprehensive ecosystem.

  • Exclusive partner offerings with discounted pricing
  • Savings of up to INR 50,000
  • Zero registration fees, simply visit Godrej Nirmaan

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Flexi Funds

Explore ready access to funds in a few simple clicks with Flexi Funds, an Overdraft-like facility.

Withdraw funds from a sanctioned limit and repay based on your convenience with Flexi funds, an easy-to-use Overdraft-like facility. Flexi Funds brings you the flexibility to manage the cash flow needs of your businesses.

  • No fixed EMIs - Interest only charged on the amount you withdraw
  • Repayment tenure of up to 15 years
  • Sanctioned limit of up to INR 15 crore

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EMI & Eligibility Calculators

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Home Loan

Plot Loan

Property Loan

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Frequently Asked Questions

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Loan Against Property Interest Rate
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Explore Loan Against Property Offers in Your City

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