Loan Against Property

 

Our Loans Against Property can help you through life’s biggest moments. Weddings, personal passions, educational fees or career changes - we’ve got you covered. Refinance any existing commercial or residential property at the best rates today.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Udyog Loan Against Property

 

Are you an MSME owner looking to scale your business operations? Take your business to new heights with Godrej Capital Udyog Loan Against Property. Our loan solutions enable business owners to get higher loan eligibility by allowing multiple sources of income to be considered. With quick loan approvals and attractive interest rates, our goal is to help your business achieve growth.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Lease Rental Discounting

 

Want to leverage your rental earnings to get a loan? We offer industry-best loan-to-value Lease Rental Discounting, allowing you to explore new business opportunities, fund personal expenses, or even pursue higher education. Unlock the value of your assets without selling them.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Commercial Property Loan

 

Take your business to the next level with a Commercial Property Loan that finances construction, extension or improvement to make your business goals become reality. With plans designed for your life, you can rest assured that your business empire is in safe hands.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Balance Transfer

 

Transfer your existing loans to Godrej Capital and experience the benefits of lower interest rates, flexible repayment terms, and significant EMI savings. Enjoy higher eligibility, along with a Top-Up loan, to take care of your extra needs.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Home Loan

 

Seeking a Home Loan to buy a ready-to-move-in property, an under-construction house, or renovate your current residence? Our Home Loan, featuring low interest rates and flexible EMI plans, is specifically designed to help you accomplish buying your dream home.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Plot Loan

 

Found the perfect spot to build your future? Our Plot Loans can help make it yours. Our loans offer you the financial help, low interest rates and flexible payment options you need to construct the home of your dreams.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Professional Loan for Doctors

 

Whether you need working capital to start your own clinic or upgrade your current practice with new facilities and hire skilled staff, our professional loans for doctors are here to help you.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Professional Loan for Doctors

 

Whether you need working capital to start your own clinic or upgrade your current practice with new facilities and hire skilled staff, our professional loans for doctors are here to help you.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Professional Loan for CAs

 

Want to scale your professional practice? We now offer professional loans for doctors and chartered accountants (CAs) to help you expand your existing set-up, hire more staff, buy modern equipment, and fulfil other business requirements to improve and develop your services.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Business Loan for MSMEs

 

If you're an entrepreneur with a small business or an MSME and are aspiring to take your venture to greater heights, you're in the right space! While you hustle for your company's success, we stand prepared to accompany you on this journey. Access unparalleled funding possibilities with our MSME-focused business loans, aligning seamlessly with your endeavors for business growth.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Business Loan for Women

 

Are you a woman entrepreneur with a vision for business growth? We are excited to fuel your ambitions with our women-centric business loans. Whether you're spearheading a small-scale business or a micro enterprise, our MSME-focused business loans are designed to meet your business needs.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Business Loan

 

We give you the courage to take that next step that your business needs. Godrej Capital Business Loans empower you with customizable financing solutions to grow your business to the next level!

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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A Complete Guide on the Different Types of Loans Available in India



Each one of us, at some point in our lives, have thought of an ambitious start-up venture, a home improvement project, an unfinished degree, or a dream vacation. For many reasons and more, we have looked at financing options that can help fulfil our dreams – creating small moments of joy.

 

In India, there is a loan available for every need. The lending space has become intensely competitive with new entrants such as NBFCs, micro financiers, FinTechs. Digitization has, too, fuelled demand in the industry. In this piece, you will be enlightened on the various types of loans available along with the eligibility criteria and documentation.

 

Let’s get started.

 

Home Loan
Home loan provides you the funds to accomplish one of life’s most cherished dreams – buying your dream home. In the present scenario, it’s a buyer’s market as home loan interest rates are at a decadal low. The evolution of housing finance companies has given buyers more options than before to choose the lender they want.

 

ELIGIBILITY DOCUMENTATION
Age KYC documents (address and identity proof)
Monthly income Income documents (salary slip and bank statement)
Existing financial obligations Property documents
Credit history  

 

Loan Against Property
Loan Against Property is one of the most popular types of loans availed by borrowers by mortgaging a property. To simply put, in this type of loan, you pledge a property as collateral to your lender to obtain funds. Lenders typically sanction 60% to 70% of the property’s market value as loan. So, if the property’s value is Rs. 1 crore, you can get a loan amounting to INR 60 - 70 lakh rupees.

 

As Loan Against Property is a secured mode of finance, the interest rate is comparatively low. You can use a Loan Against Property to fund your child’s higher education, marriage, or expand business.

 

ELIGIBILITY DOCUMENTATION
Indian citizen KYC documents (address and identity proof along with PAN card)
Age between 21-60 years Income documents (bank statement of previous 3-6 months, ITR, P&L and Balance sheet)
Employed with a private or public limited company Valid property documents
Minimum income threshold  

 

Business Loan
As the name suggests, a business loan is availed to obtain funds for addressing business needs. With a business loan, enterprises can overcome short-term capital crunch, address working capital needs, or just deploy new technology to encash upon a market opportunity.

 

Generally, business loans don’t require you to pledge any collateral. A quick mode of finance, they help businesses upkeep with their needs for funds.

 

ELIGIBILITY DOCUMENTATION
Indian citizen KYC documents (identity and address proof)
Minimum 21 years of age Business ownership documents
Minimum business turnover (varies across lenders) Business continuity proof
Minimum business vintage of 3 years (Varies for metros & non-metros) Copy of ITR of the past 2 – 3 years

 

Personal Loan
Personal loan is an unsecured mode of finance that helps you avail funds to address needs such as planning a vacation, paying medical expenses, or overcoming financial crunch. You can avail a personal loan from a bank or a non-banking financial company (NBFC). Since a personal loan doesn’t require collateral, interest rate is on the higher side.

 

ELIGIBILITY DOCUMENTATION
Indian citizen KYC documents (Aadhaar, PAN card, Passport, Voter’s ID)
21 – 60 years Address Proof
Minimum income per month (Varies for metros & non-metros) (varies across lenders) 3 months’ bank account statement
Employed with private or public company 3-month salary slip

 

Things You Need to be Mindful of as a Borrower
Irrespective of whether you are applying for a personal loan, Loan Against Property, business loan, or home loan, there are certain things you should consider as a borrower. These are:

 

Make an informed decision
It’s wise to compare different loan products from multiple lenders on parameters such as loan amount, rate of interest, tenure of the loan, repayment flexibility, post-sales service etc. to make an informed financial decision. Another important aspect that most borrowers tend to overlook is the fine print. It is highly recommended for every borrower to understand the terms and conditions well before signing the documents.

 

Ensure you opt for a credible lender
The credibility of the lender matters significantly. A credible lender will not only offer you the most competitive rate of interest but also other benefits such as parallel funding to enable you to fulfil your dreams without compromising on your financial stability.

 

Practice healthy financial habits for speedy loan approvals
Before applying for any loan, you must check your credit score. A score higher than 750 is considered a good one. It quickens the loan application process and gives you a chance to avail the required loan at a competitive rate of interest.

 

Now that you know about the various types of loan, choose the one you require to fulfil your needs.

 

Godrej Capital is the financial services arm of Godrej Group which offers home loans, Loan Against Property and other secured loans. With innovative products and offerings, customers can get hassle-free loans on easy terms and conditions. Click here to know more about the offering.

 

Disclaimer:The above information is for illustrative purpose only. For more details, please refer to the product or service document and/or connect with our customer representative prior to making any financial decision.