Turning your dream of a brand-new home into reality is an exciting journey. But under-construction properties often come with the challenge of managing finances during the construction phase. Godrej Capital's innovative home loan solutions, particularly the Design Your EMI (DEMI) option, can ease this burden significantly. This facility is tailored for home loans for under construction property, so you can enjoy the convenience of flexible EMIs.

Moreover, with DEMI, you can maintain a good credit score as timely EMI payments can help prevent loan repayment defaults.

Understanding the Challenges of Under-construction Properties

While under-construction properties are more affordable and give you the satisfaction of witnessing your dream home take shape, they also present unique financial challenges.  You may not be able to move in right away, but you'll still have ongoing expenses like rent and may need to start making loan repayments.

Also Read: How to Check Home Loan Eligibility?

How Godrej Capital's Home Loan Makes a Difference

Godrej Capital's Home Loan for under-construction properties offers a comprehensive package designed to address these challenges:

• Higher Loan Amounts: Access funding of up to INR 20 crore to finance your dream under-construction property.
• Low Interest Rates: Secure interest rates starting from 8.55% p.a., providing stability in your financial planning.
• High Loan-to-Value Ratio: Get a loan-to-value ratio of up to 90% of the property value, minimizing upfront costs.
• Extended Loan Tenure : Spread out your loan repayments over a longer period of up to 30 years for a more manageable EMI amount. 

Also Read: How to Choose the Right Home Loan Tenure?

• Streamlined Process: Enjoy a hassle-free experience with minimal documentation and quick loan sanction and disbursal.
• Dedicated Support: Benefit from Godrej Capital's hands-on customer support throughout your homeownership journey.

The Power of Design Your EMI (DEMI)

Design Your EMI for under-construction house empowers you to take control of your EMIs and customize them to fit your financial situation during the construction phase. Flexible EMI means you can choose an EMI plan that fits your financial situation. Here's how:

• Interest-Only Payments for Up to 4 Years: Defer the principal amount repayment for up to 48 months. This allows you to manage your current expenses like rent while the property is being built.
• Flexible EMI Structure: Ensure your chosen interest-only payment meets the minimum and maximum limits set by the lender .
• Combine with Parallel Funding: This allows you to split your down payment into smaller, more manageable portions across various construction stages, further reducing the financial burden.

Why Choose Godrej Capital for Your Under-construction Property Loan?

With Godrej Capital's Home Loan, you can:

• Bridge the Financial Gap: DEMI and parallel funding options make under-construction properties more accessible.
• Manage Cash Flow: Interest-only  payments during construction allow you to prioritize other expenses.

💡 Pro-tip: Use online home loan EMI calculator to estimate your home loan EMI payments. 

• Plan for the Future: Fixed interest rates for the initial period  provide financial stability for long-term planning.
• Experience a Smooth Journey: Benefit from a streamlined process, minimal documentation, and dedicated customer support.

Take the First Step Towards Your Dream Home

Godrej Capital's Home Loan solutions are designed to empower you to achieve your dream of homeownership.  Visit Godrej Capital today to explore how DEMI and their under-construction property loan options can help you navigate the home buying process with ease .

Apply now

Also Read: Design your EMI: The Flexibility You Need for Loan Repayments 

Disclaimer: The contents of this article are for information purposes only & not a financial advisory. For more details, please refer to the product or service document and/ or connect with our customer representative prior to making any financial decision. The information is subject to update, completion, revision, and amendment and may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Godrej Capital or its Affiliates to any requirements. Godrej Capital or its Affiliates shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

Financing through Godrej Finance/Godrej Housing Finance Limited. Product Terms & Conditions apply, for details visit https://www.godrejcapital.com