Home Loans

Found your fantasy house but struggling with the price tag? We can help with Home Loans designed for your needs. Our low interest rates and easy EMI plans can help unlock the door to your future.

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.

Balance Transfer

With our Balance Transfer option you can transfer your existing home loan to Godrej and enjoy the benefits of a plan that works for you. Along with interest rates tailored to your comfort, enjoy higher eligibility, along with a Top-Up loan, to take care of your extra needs.

Plot Loans

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.

Business Loans

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!

Commercial Property Loans

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.


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.


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.


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.


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.


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 EMI break and 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 Housing Finance is one of India's reputed housing finance companies, disbursing home loans at a competitive interest rate. With the highest home loan eligibility in the market, you can get a loan 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.