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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Home Loans

Can You Use a Loan Against Property for Personal Expenses?

Life is a thrilling journey, full of twists and turns, and sometimes it requires a sudden inflow of cash to navigate the unexpected. Whether you're facing a financial emergency, pursuing a new opportunity, or simply wanting to take control of your finances, having access to a substantial amount of money can prove to be a game-changer.


Loan Against Property (LAP) from a trusted lender can pose to be a desired solution. But before you dive in, it's crucial to understand if a LAP suits your needs, especially if you're considering it for personal expenses.


What is Loan Against Property?

A loan against property, also known as a mortgage loan or a secured loan, is a type of financial instrument that allows an individual to borrow money from a lender using their property as collateral. The property can be a residential or commercial property, such as a house, apartment, or office building.


Using Loan Against Property for Personal Expenses

One of the greatest advantages of a Loan Against Property (LAP) is its flexibility. Some Lenders have no end use restrictions on usage of the loan amount. This means you can use the funds to pursue any personal or business goal. 


Whether you're planning a dream vacation, a luxurious wedding, or furthering your education, a large sum of cash can be the key to making your vision a reality. With a LAP, you can tap into the value of your property to secure the funds you need. The potential for larger loan amounts and lower interest rates makes it an attractive option for those looking to make significant investments.


The flexibility of a LAP also extends to emergency situations, such as medical bills or unexpected expenses. You can use the loan to cover these costs, and then repay the loan over time. 


A Loan Against Property offers unparalleled flexibility and potential for financial growth. With flexibility on  how you use the loan amount, you can use the funds to achieve your personal and business goals, while enjoying the benefits of lower interest rates and larger loan amounts.


Pros and Cons of Using a LAP For Personal Needs


  • Higher Loan Amounts: Compared to unsecured loans like personal loans or collateral-free business loans, LAPs offer significantly higher loan amounts led by the property backing the loan.
  • Attractive Interest Rates: Since the loan is secured, lenders generally offer lower interest rates on LAPs compared to unsecured loan options.
  • Flexible Repayment: LAPs typically come with longer repayment tenures than personal loans, allowing you to manage your EMIs more comfortably.


Also Read: Design your EMI: The Flexibility You Need for Loan Repayments



  • Risk to Your Property: If you fail to repay the loan, you risk losing your property. This is why timely payments of loan is essential. 
  • Not Tax-Deductible: While the government offers tax reliefs on interest payments of certain loans, a LAP used for personal expenses is not tax-deductible.


Personal Loan : An Alternative to Choosing LAP for Personal Expenses

A personal loan is a type of unsecured loan that allows individuals to borrow a lump sum of money from a lender for personal or financial purposes. It is typically repaid over a set period of time, usually with interest. 


Personal loans can be used for various purposes, such as smaller personal expenses, financing a major purchase, or covering unexpected expenses. The interest rate and loan amount for these types of loans are typically determined by the borrower's credit score. 


While personal loans offer flexibility and convenience, they also come with potential drawbacks such as higher interest rates and fees.


Difference between Loan Against Property and Personal Loan


Loan Against Property (LAP)

Personal Loan

Type (Secured/Unsecured)

Secured loan - requires collateral (property)

Unsecured loan - no collateral required

Interest Rate

Lower interest rate due to lower risk for lender

Higher interest rate due to higher risk for lender

Loan Amount

Higher loan amount possible (up to 85% of property value)

Lower loan amount (based on creditworthiness and income)

Repayment Tenure

Longer repayment tenure (typically up to 15 years)

Shorter repayment tenure (typically up to 5 years)

Processing Time

Can take longer to process due to property valuation

Generally faster processing time


Large loan requirements, , business ventures

Smaller loan requirements, emergencies, medical bills


Also Read: Loan Against Property vs. Other Loans: Making an Informed Choice


Things to Consider Before Taking a LAP

  • Calculate your EMI: Use a Loan Against Property EMI calculator to understand your monthly repayment burden. With a LAP EMI calculator, you can ensure that the EMI fits comfortably within your budget.
  • Explore Alternatives of LAP: Consider other loan options like unsecured personal loans depending on your specific needs.
  • Shop Around for Better Loan Features: Compare interest rates and terms offered by different lenders before finalizing a LAP. A low interest rate on loan is not always the best way to compare. Lender’s credibility, loan features, among other things matter too.
  • Understand the Risks: Only borrow what you can comfortably repay.


The Road Ahead

A LAP can be a powerful financial tool, but it needs to be carefully considered, especially for personal expenses. Thoroughly evaluate your needs, explore alternatives, and understand the implications before taking the plunge. If you decide LAP is the right choice, apply online for Loan Against Property with Godrej Capital for a smooth and secure experience.


Loan Against Property can also be utilised for several business purposes. With Godrej Capital, you can avail the benefits of a Loan Against Property and Udyog Loan Against Property as a secured loan option for business owners. You can also explore unsecure Business Loans to avail the funds without the need for mortgaging your property. Godrej Capital offers specialized  Business Loans for MSMEs and Business Loan for WomenVisit the website to know more.


Also Read: Glossary: A Guide to Most Used Terms in Loan Against Property


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