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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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!

 

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Financing Home Ownership: Here’s How to Go About It



When Aditya and Rupali decided to purchase their dream home, they were quite confused. The newly married couple didn’t know how to get started with homeownership and finance their first big purchase. “We were thoroughly confused about the entire exercise. We didn’t know how to start and didn’t want to rush,” says Aditya.

 

They are not alone. Many of us are not sure about going ahead with homeownership and financing. The article aims to simplify the concept for you to get started. Let’s begin.

 

What is Home Ownership?

 

Before delving deep, let’s first understand what is homeownership? Simply put, it’s to own your home. When you buy a home and register it, you are its legal owner. Homeownership involves a considerable investment of time and money, and therefore you must meticulously plan the entire exercise. To begin, you must first:

 

Plan, Decide the Home You Want to Buy and Get Started Early
The first pre-requisite is to zero in on the home you wish to purchase. The Indian real estate market has evolved considerably over the years and buyers today have more options than before.

 

So, first, decide on the type of home you wish to buy - apartment, villa, bungalow, farmhouse, etc. Once you have chosen the type of home you want to buy, the next step is to accumulate the necessary funds for making the downpayment. Start early to have more time to acquire the desired money.

 

Get the Necessary Funds for the Downpayment
Downpayment is a crucial aspect of home financing and ownership as no lender will fund the entire value of your home. Most lenders offer 80 to 90% of the home’s purchase price as a loan, while you have to pay the rest as a downpayment. So, for example, if the home’s purchase price is Rs. 1 crore, the maximum loan amount you can get is Rs. 80 to 90 lakhs.

 

You need to pay the remaining Rs. 10 to 20 lakhs as a downpayment. You can accumulate funds for the same in several ways, such as investing in a fixed deposit or starting a systematic investment plan (SIP) in a mutual fund.

 

As said, the earlier you start, the more time you have in your hands to collect the amount required for the downpayment. Especially with SIPs in mutual funds, the power of compounding can help you quickly accumulate the desired funds.

 

However, if you are finding it difficult to arrange funds for the downpayment, find out if the lender has the option of parallel funding. Prominent lenders such as Godrej Housing Finance offer this facility whereby the downpayment amount is split into smaller amounts. You can make the payment as per the construction stage, and this eases the burden of making a large upfront payment.

 

Bridge the Shortfall with a Home Loan
Note that most homes in India are financed through loans. As a buyer who needs home financing, you should choose a lender offering the best home loan rates along with flexibility. Equally essential is to select a credible lender who offers quick disbursal with minimal documentation.

 

Look out for better flexibility in terms of repayment and help you design your EMIs in a manner that ensures you don’t end up stretching your finances. For instance, Godrej Housing Finance offers you flexibility in repayments and helps you design your EMIs in a manner so that you can pay them with ease.

 

Today, almost all lenders spell home loan eligibility and other information such as interest rates on their websites. Compare different offerings and choose the one that best suits your needs. Note that a good credit score can help you get housing finance at a better rate of interest.

 

Also, before you opt for a home loan, have a repayment plan in place to make sure you pay your EMIs on time. It is advisable to opt for lenders offering loans on flexible repayment terms to avoid becoming a burden in the future.

 

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.