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

How to reduce interest payment on Home Loan?

How to reduce interest payment on Home Loan?



Are you tired of paying high interest rates on your home loans? Well, you’re not alone. Buying a home is one of the most significant financial decisions we make in our lives, and finding ways to minimize interest payments can be a game-changer for your long-term financial stability. Whether you are a first-time homebuyer or a seasoned homeowner looking to refinance, there are many ways for you to reduce your home loan interest and save more money in the long run. These effective strategies can help you lower your home loan interest and make your repayment journey easier. So, let's dive in and discover how you can save big on your home loan interest!

 

  1. Compare and choose the right lender: When it comes to home loans, interest rates can vary significantly between lenders. It's crucial to research and compare different lenders to find the one offering the lowest interest rate. Make use of online comparison tools and consider both banks, as well as housing finance companies to find the best deal.

     

  2. Improve your credit score: Your credit score plays a significant role in determining the interest rate offered by lenders. A higher credit score indicates a lower credit risk for the lender, resulting in a better interest rate. To boost your credit score, ensure timely repayment of existing loans, maintain a low credit utilization ratio, and avoid multiple loan applications at the same time. You must also regularly monitor your credit report and dispute any errors found.

     

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

     

  3. Opt for balance transfer: If you find a lender offering a lower interest rate than your current home loan, consider transferring your outstanding balance to them. Balance transfer allows you to switch your loan to a new lender, helping you benefit from reduced interest rates. However, remember to consider any associated charges and calculate the overall savings before making the switch.

     

    Also Read: Penny Saved is Penny Earned - A Guide on Home Loan Balance Transfer

     

  4. Make a larger down payment: A significant down payment can help reduce the principal amount, resulting in a lower EMI and, consequently, a reduced interest burden. So, try saving up a substantial amount for the down payment before applying for a home loan. This not only lowers your loan amount but also improves your bargaining power with lenders.

     

  5. Opt for a shorter loan tenure: While longer loan tenures may seem attractive due to lower EMIs, they result in higher overall interest payments. Whenever possible, try choosing a shorter loan tenure while ensuring that the EMI stays manageable. It may require higher monthly payments, but it will save you a considerable amount of interest in the long term.

     

  6. Consider prepaying or part-prepaying your loan: You can also reduce interest payments on your home loan by making extra payments whenever possible. By paying more than the minimum required amount each month, you can significantly reduce the principal balance and, in turn, the interest charged. If you have additional income or surplus funds, such as bonuses or tax refunds, consider using them to prepay or part-prepay your home loan. By reducing the loan principal, you can significantly bring down the overall interest burden. However, check with your lender regarding any prepayment charges and evaluate if the savings outweigh the expenses.

     

    Also Read: 5 Things to Consider Before Prepaying Home Loan

     

In conclusion, reducing your home loan interest rate in India is entirely possible with some careful planning and strategic decisions. By comparing lenders, maintaining a good credit score, making a larger down payment, and considering balance transfers or prepayments, you can save a substantial amount of money over the loan tenure. So, take control of your home loan and start implementing these strategies today!

 

Apply Now for Godrej Capital Home Loan

 

Apply Now for Godrej Capital Balance Transfer

 

Disclaimer: The contents of this article are for information purposes only and not a financial advisory. The information is subject to update, 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 decisions, financial or otherwise based on the contents and information mentioned. For more information, please visit https://www.godrejcapital.com