Loan Against Property


Godrej Capital's Loan Against Property (LAP) is designed to support business growth with high loan eligibility, flexible EMIs, longer tenures, and a wide range of acceptable collaterals. This loan provides substantial funding based on property value, making it ideal for significant business investments and expansions.


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.


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. Apply today for a collateral free loan today!


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. Apply today for a collateral free loan today!


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

Professional Loan for CAs


Godrej Capital's Professional Loan helps CAs in expanding practice, hiring new staff, enhancing equipment, and upgrading services for business growth. Get a loan without collateral and take your career to new heights.


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

Business Loan for MSMEs


For MSMEs aiming for growth, Godrej Capital Business Loans for small businesses offer the funds needed to expand their business and manage cash flow. Apply for MSME loan without collateral today!


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

Business Loan for Women


Are you a woman entrepreneur? Godrej Capital's Business Loans for women-owned MSMEs help them fuel growth and meet business needs without any collateral. Apply for a small business loan today!


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

Business Loan


Empower your business with Godrej Capital's Business Loan, offering flexible financing solutions to help businesses take the next step for growth. Apply for online Business Loan without collateral today!


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

Home Loan: All You Need to Know

Home Loan: All You Need to Know

Homeownership is a dream of many individuals and families. It represents stability, security, and a place to build lasting memories with loved ones. But let's face it, accumulating the entire sum upfront can be a significant hurdle. This is where Home Loans come in – a financial tool that empowers you to bridge the gap between your savings and your dream property.


What is a Home Loan?

A Home Loan is a secured loan provided by financial institutions to finance the purchase of a residential property. You repay the loan amount, along with interest, over a predetermined tenure, typically ranging from 15 to 30 years. The property itself serves as collateral for the loan.


Benefits of a Home Loan

There are many advantages of Home Loan in India. Some of the most common ones are:

  • Homeownership:

    Makes buying a property accessible even with limited savings. You can start building equity in your dream home much sooner.

  • Financial leverage:

    Allows you to utilize a larger sum for the purchase compared to relying solely on savings. This enables you to invest in a property that might be out of reach through upfront payment alone.

  • Tax benefits:

    Home LoanLoan repayments offer tax deductions on both principal and interest components, as per Government of India regulations this significantly reduces your tax burden over the loan tenure.


Also Read: New Tax Regime vs. Old Tax Regime: Know the Difference & Effect on Home Loan


  • Builds long-term wealth:

    Investing in property creates an asset with potential appreciation in value over time. Homeownership not only provides a place to live but also has the potential to generate returns on your investment.


Features of Home Loans in India

Home Loans in India offer a variety of features to cater to the needs of different borrowers. Here's a closer look at some key features to consider when choosing a Home Loan:

  • Loan Amount:

    The maximum loan amount you can qualify for depends on your income, credit score, property value, and the lender's policies. In India, lenders typically offer loans up to 90% of the property value, requiring a down payment of 10% to 20%.

  • Interest Rates:

    Home LoanLoan interest rates in India are generally lower compared to other loan options like personal loans. You can choose between fixed, semi-fixed, and floating interest rates.

  • Repayment Tenure:

    Home LoanLoans come with extended repayment tenures, typically ranging from 15 to 30 years. This allows you to spread the loan amount over a longer period, resulting in lower monthly EMIs that are easier to manage within your budget.

  • Down Payment: 

    A down payment is a percentage of the property value that you pay upfront. While a higher down payment reduces the loan amount and interest payable, it can also be a significant barrier. Some lenders in India offer schemes to ease the burden through parallel funding options or flexible down payment plans.

  • Prepayment:

    Home Loans in India typically allow prepayment, either partially or fully. This can help you save on interest costs and achieve financial freedom sooner. However, some lenders may have prepayment charges, so be sure to check the terms and conditions before choosing a loan.

  • Top-up Facility:

    Some lenders offer a top-up facility on existing Home Loans. This allows you to borrow an additional amount against your existing property, potentially at a lower interest rate compared to a personal loan.

  • Joint Home Loan:

    To improve loan eligibility and affordability, you can avail a Home Loan jointly with a co-applicant, like a spouse or parent. This combines both your incomes, potentially increasing the maximum loan amount you can qualify for.


By understanding these features and comparing offerings from different lenders, you can choose a Home Loan that aligns with your financial goals and makes your dream of homeownership a reality.


Joint Home Loan

Looking to improve your loan eligibility and affordability? Consider a joint Home Loan. You can apply with a co-applicant, like a spouse or parent. This combines both your incomes, potentially increasing the maximum loan amount you can qualify for. This can be a great strategy for young couples starting out or families looking to invest in a larger property.


Also Read: Navigating the World of Joint Home Loan Ownership


Home Loan EMI Calculator

Planning is key. A user-friendly online Home Loan EMI calculator allows you to estimate your monthly equated instalments (EMIs) based on the loan amount, interest rate, and chosen tenure. With a Home Loan calculator, you can experiment with different scenarios, you can make informed decisions about your borrowing capacity and ensure your EMIs fit comfortably within your budget.


Home Loan Eligibility in India

Eligibility criteria for Home Loans can vary between lenders. Here's a general guideline to give you an idea:

  • Age:

    Typically between 21 and 65 years. There may be slight variations depending on the lender's policy.

  • Income:

    Minimum salary/income requirements apply, varying based on your employment type (salaried, self-employed) and location.

  • Employment Status:

    Salaried individuals, self-employed professionals, or businessmen can apply. 

  • Credit Score:

    A healthy credit score (typically above 750) significantly improves your chances of loan approval and securing a competitive interest rate. Having a good credit history demonstrates your financial responsibility to lenders.


Also Read: What Can You Do To Improve Your Credit Score


Home Loan Documents Required

The document checklist may vary slightly depending on the lender and the specific property, but generally includes:

Know Your Customer (KYC) documents: 

  • PAN Card (Permanent Account Number)
  • Aadhaar Card (Unique Identification Number)


Proof of Income:

  • For salaried individuals:Salary slips for the latest months (typically 3-6 months) and Form 16 from your employer.
  • For self-employed individuals and businessmen: Income Tax Returns (ITRs) for the past 2-3 years, along with business proof and bank statements.


Property Documents:

  • Agreement of sale for the property you intend to purchase.
  • Approved property plans and other relevant documents as per the lender's requirements.


Bank Account Statements:

  • Recent bank statements (typically 3-6 months) for your salary account or business account. This helps the lender assess your financial stability and transaction history.


Please note that before applying for a Home Loan , check with your financial institution for a detailed list of property documents required.


Types of Interest Rates in Home Loan

  • Fixed Interest Rate:

    As the name suggests, the interest rate remains constant throughout the loan tenure. This offers predictability in your EMIs, making budgeting easier. You know exactly how much you'll be repaying each month, irrespective of market fluctuations.

  • Floating Interest Rate:

    The interest rate on your loan is linked to a benchmark rate, such as the RBI's repo rate. This rate can fluctuate based on market conditions. While floating rates may result in lower EMIs if the market rates go down, they also carry the risk of EMIs increasing if interest rates rise.

  • Semi-fixed Interest Rate:

     This type of interest rate offers a fixed interest rate for select years, and later changes to floating interest rate. So, if your lender offers a semi-fixed interest rate, it will become a floating interest rate after a pre-determined time. 


Additional Considerations for Home Loans

  • Processing Fees:

    There might be processing fees associated with your Home Loan application. These fees typically vary depending on the lender and the loan amount.

  • Prepayment Charges:

    Some lenders may levy charges if you choose to prepay your Home Loan before the end of the tenure.

  • Home Loan Insurance:

    Consider opting for Home Loan insurance to protect yourself and your loved ones in case of unforeseen circumstances like death or disability.


Also Read: Loan Protection Insurance: Your Safety Net for Life's Unexpected Turns


Godrej Capital Home Loan

At Godrej Capital, we are committed to helping you achieve your dream of homeownership. Here's why we should be your partner in this journey:

  • Competitive Interest Rates:

    We offer some of the most competitive interest rates in the market, helping you save money on your loan.

  • Flexible Repayment Options:

    We understand that everyone's financial situation is unique. We provide flexible repayment option called ‘Design Your EMI (DEMI)’ to tailor the loan to your needs and comfort level. With DEMI, you can pay interest-only for select-months and have a better control over your finances.

  • Zero-Touch Loan Process:

    Our streamlined online process allows for a faster and smoother loan application experience. You can minimize paperwork and track your application status conveniently.

  • Parallel Funding Options:

    The down payment can be a significant hurdle. Godrej Capital offers ways to ease the burden through parallel funding options, making your dream home a more attainable reality.


Also Read: Home Loan Down Payment: Here’s What You Need to Know


Unlock the door to your dream home with Godrej Capital Home Loan. Contact us today to explore our personalized Home Loan solutions and start building your future! Apply Now for Godrej Capital Home Loan

We hope this comprehensive guide has empowered you with the knowledge you need to make informed decisions about Home Loans in India. To explore more insightful topics, visit our Knowledge Centre today.


Related FAQs – 

Q.1. Does Godrej Capital offer a joint Home Loan for same-sex partners?

Yes. Godrej Capital pioneered Joint Home Loans for same-sex partners as a testament to its commitment to inclusivity and bias-free lending. Read more

Q.2. Does Godrej Capital offer a Home Loan to NRIs?

Yes. Godrej Capital offers Home Loans to NRIs. Visit our website to know more

Q.3. Can I get a flexible repayment option on a Ready-to-Move-In property?

Yes. With Godrej Capital’s Design Your EMI (DEMI), you can avail interest-only payments for up to 12 months.

Q.4. What is Loan-to-Value in a Home Loan?

The Loan-to-Value ratio in your Home Loan is the percentage of the property value your financial institution offers. It is calculated as Loan Amount/Property value x 100. A lower LTV means a higher own contribution by the applicant, and vice versa. 

Q.5. How can I determine my Home Loan eligibility?

You can easily determine your Home Loan eligibility by using an online Home Loan eligibility calculator



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.


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