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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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.


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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.


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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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Pradhan Mantri Awas Yojana

Understanding Pradhan Mantri Awas Yojana 2024 – Affordable Housing Scheme

Buying a home is an emotional decision. While many people dream of having a pucca makaan, majority of them belong to lower income and middle-income groups. Even when some people manage to buy a home, the burden of home loans causes worry. Understanding these issues, Government of India launched affordable housing schemes.


In the year 2015, the Central government of India introduced the Pradhan Mantri Awas Yojana (PMAY). The scheme was designed to make home buying accessible for everyone. It gives financial assistance to Low-Income Groups (LIG), Middle-Income Groups (MIG), and Economically Weaker Sections (EWS). This assistance comes in the form of interest subsidies. One of the key highlights is that the scheme does not discriminate. Without any bias based on religion, gender, or age, the scheme focuses on inclusivity.


With this blog, learn about the features, benefits, and eligibility criteria of Pradhan Mantri Awas Yojana.


Key Features of Pradhan Mantri Awas Yojana:

  1. Extended Support: The scheme was first announced in 2015. It quickly became popular. So, the government decided to extend the scheme. PMAY has now been extended until December 2024. It shows government’s continued commitment to affordable housing. So far, this initiative has received a good response from people.


  2. Focus on Urban and Rural Regions: PMAY has two groups - PMAY Urban (for urban areas) and PMAY Gramin (for rural areas). Each serves different income groups and regions. Factors like subsidy, carpet area, income group, and maximum carpet area is different for these groups. So, if you live in an urban region but want to buy a house in rural area, the eligibility criteria of rural group will apply.


  3. Interest Subsidy on Loans: The scheme offers subsidised interest rates on home loans for first-time homebuyers. The interest rates vary for different income groups. Other than income groups, other factors are also considered as stated above.


  4. Maximum Carpet Area of House: The scheme specifies the maximum carpet area allowed for each income group. This helps to ensure that houses are affordable and within reach for people from various financial backgrounds.


Benefits of Pradhan Mantri Awas Yojana:

  1. Financial Relief: The Pradhan Mantri Awas Yojana (PMAY) extends financial support through interest and credit-linked subsidies. This assistance makes it easier for more people to afford homes, fulfilling their dream of homeownership.


  2. Social Inclusion: PMAY promotes social inclusion by ensuring that women's names are included in house registration documents. This empowers women and promotes gender equality in the realm of homeownership.


  3. Wider Access to Credit: PMAY collaborates with lenders and finance companies to make home loans more accessible. It offers reduced interest rates and favorable repayment terms, making it easier for people to obtain credit for buying homes.


  4. Quality of Life: PMAY enhances the overall quality of life for families by making homes more affordable. It provides them with stability, security, and a sense of dignity, contributing to their well-being and happiness. It is especially important for vulnerable people like senior citizens or physically-challenged people.


Also Read: Dos and Don’ts of Housing Finance


Eligibility factors for Pradhan Mantri Awas Yojana:

  1. Income Groups: Lower Income Groups (LIG), Middle Income Groups (MIG), and Economically Weaker Section (EWS) are the main income groups targeted under PMAY Urban. The income of all family members is considered. The annual income of household affects the eligibility for each group.


  2. Home Loan Amount: The eligible home loan amount varies each group. Thus, it provides tailored support based on income levels. Refer to the table below for more information.


  3. Interest Subsidy Rates: Different income groups receive different interest subsidy rates. It makes homeownership more financially feasible. The table below outlines the interest rates for different income groups.






Annual Household Income

Rs. 3-6 Lakh

Rs. 6-12 Lakh

Rs. 12-18 Lakh

Eligible Home Loan

Rs. 6 Lakh

Rs. 9 Lakh

Rs. 12 Lakh

Interest Subsidy

6.5% p.a.

4% p.a.

3% p.a.

Maximum Carpet Area (sq.m.)





Pradhan Mantri Awas Yojana is a ray of hope for people who are considering buying a house. With its extended support, tailored benefits, and commitment to social inclusion, PMAY continues to make developments. With PMAY, the dream of affordable homeownership become a reality for many in India.


Before you apply for this scheme or for a home loan, read all the documents, fill application form carefully. Make sure to apply for tax benefits if you get a home loan. In case of joint home loan, tax benefits may be applicable to both applicants.


Also Read: Maximising Tax Benefits: Navigating the World of Joint Home Loan Ownership


Is home buying on your mind? If you are exploring home loan options, explore the features and benefits of Godrej Capital’s Home Loans.


For personalized loan offer, click here to apply now.


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