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

 

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

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

Loan

How Much Home Loan Can You Get on an INR 1 Lakh Salary?



Ever dreamt of owning your own place? That feeling of security and stepping into a space that's truly yours is unmatched. But for many, especially young earners, the question of home loan affordability looms large.

 

If your monthly income is INR 1 lakh, you might wonder, "How much home loan can I get on my salary?"

 

While income is a crucial factor, lenders consider a holistic picture that includes your age, loan tenure, credit score, and financial stability when determining your eligibility. Here's a breakdown to help you navigate this exciting journey:

 

Understanding Home Loan Eligibility

  • Income: A salary of INR 1 lakh puts you in a good position to buy a home. Lenders typically lend a maximum loan amount that is 60 to 70 times your net monthly salary. This translates to a potential loan amount of around INR 60- 70 lakhs for a home loan on an INR 1 lakh salary.
  • Good Credit Score: A high credit score, ideally above 750, indicates responsible financial behavior and influences your interest rate and loan eligibility.
  • Existing Debts: Existing EMIs like car loans or personal loans impact your affordability. Lower debt obligations mean a higher potential loan amount.
  • Employment Type: Salaried individuals with stable employment history are generally considered less risky borrowers.
  • Age : Lenders prefer an age group of 18 to 65 years

 

Also Read: Smart Tips to Boost Your Home Loan Eligibility

💡 Pro-tip: Use an online Home Loan Eligibility Calculator to know about your home loan eligbility

 

Let's Get Specific! Example: Home Loan on INR 40 lakhs salary   

Imagine you earn a net monthly income of INR 40,000 and have a credit score of over 750. With minimal existing debt, you could potentially qualify for a home loan amount of around INR 24 lakhs (considering a 60x net salary rule).

 

Home Loan EMI Calculator: A Handy Tool 

Use a free online home loan EMI calculator to estimate your monthly repayment amount based on the loan amount, home loan interest rate, and loan tenure. This helps you understand your affordability and plan your finances effectively.

 

Don't Forget the Home Loan Tax Benefits!

Owning a home comes with tax advantages. You can claim deductions for the interest paid on your home loan and repayment of the principal amount under Income Tax Act provisions. This can significantly reduce your tax outgo.

 

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

 

Godrej Capital Home Loans

At Godrej Capital, we understand that buying a home is more than just a financial transaction. It's about fulfilling a lifelong dream. Here's how we can empower you:

  • Competitive Rates: Low interest rates starting from 8.55% p.a. that can significantly reduce your interest burden .
  • Higher Loan Amounts: We offer loans up to INR 20 crore, making your dream home a possibility.
  • Flexible Repayment Options: Our innovative Design Your EMI (DEMI) feature allows you to customize your EMIs with interest-only payments for up to 12 months. The feature is applicable on ready-to-move-in properties. For under-construction properties, avail flexible repayment option for up to 48 months. This eases the financial burden during the initial years .

 

Also Read: Ready to Move into a New Home? A Home Loan with ‘Design your EMI’ Feature is All You Need

 

  • Parallel Funding: For under-construction properties, we can help you split your down payment into manageable portions, making your dream home more attainable.

Ready to Take the First Step?

Applying for a home loan is a breeze with Godrej Capita. Our hassle-free process, with minimal documentation and quick approvals, makes your homeownership journey smoother. 

 

Apply now or visit the website to know more.

 

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