The world is attempting for equality and inclusivity. But discrimination based on sexual orientation still remains. The reality is that same-sex couples from the LGBTQIA+ community often face biases and prejudices. It hurts same-sex couples in many ways and keeps them from reaching their full potential. 

This unfair treatment can be seen in financial matters too. For example, when same-sex partners apply for a joint loan, they face multiple challenges. It is important to recognise the importance of zero discrimination in loans for same-sex partners.  

How Can Loans Enabler Inclusion?

Loans play a crucial role in enabling individuals to achieve their goals and aspirations. For same-sex partners, loans can provide the means to buy a home, start a business, or pursue higher education. By providing financial support, loans empower individuals to build a better future for themselves and their families.

What Would Happen if Individuals Do Not Get a Loan?

Many same-sex couples struggle to get loans, making it harder for them to achieve their dreams. Buying a home, starting a business, or even going to school can be difficult without this financial support. This lack of access to loans can trap couples in a cycle of financial hardship and limit their chances of success. It's simply unfair and needs to change.

Loan Eligibility Makes a Difference

Being eligible for loans opens up a world of possibilities for same-sex partners. It allows the LGBTQIA+ Community to pursue their dreams and aspirations, regardless of their sexual orientation. Being eligible for loans means being treated equally and having the same access to financial resources as everyone else.

Loan - A Fundamental Right of Every Individual?

Getting a loan isn't just a privilege; it's a basic right, just like access to education, healthcare, and employment. Everyone deserves the opportunity to build a secure future for themselves and their families. Denying someone a loan solely based on their sexual orientation is unfair and violates their fundamental rights.

Inclusivity in Loans

Inclusivity in loans means ensuring that everyone, regardless of their sexual orientation, has equal access to financial services. It means not discriminating against individuals based on who they love. Instead, evaluating their creditworthiness based on their financial history and ability to repay the loan.

Did you know? Godrej Capital is the only lender in the industry to offer home loans for same-sex partners. With tailore loan solution, they facilitate joint homeownership for LGBTQIA+ community.

Why is Inclusivity Important in Lending?

Consideration in loans is important because it promotes equality and fairness. It ensures that everyone has an equal opportunity to access financial resources and pursue their goals. Inclusivity also fosters a sense of belonging and acceptance, which is crucial for building a more inclusive society.

How Lenders Can Make a Difference Towards Inclusivity?

Lender can play a big role in promoting fair practices and unbiased policies. For unbiased lending, employees must be trained in being sensitive towards same-sex loan applicants. Loan applications must be assessed on merit, instead of sexual orientation. Another way is to provide financial education to same-sex applicants.

Godrej Capital Home Loans for Same-Sex Partners

Godrej Capital is leading the way towards inclusivity in loans by offering home loans for same-sex partners. The lending company recognises the unique needs of same-sex couples and provides them with access to financial resources. This is Godrej Capital’s commitment towards breaking down barriers and promoting equality.

With Godrej Capital's home loans, same-sex partners can fulfil their dream of homeownership. With a joint home loan, same-sex partners can build a bright future for themselves and their families. Zero discrimination in loans is about recognizing the dignity and worth of every individual. It is about acknowledging their right to live with pride.

As recently established by the Supreme Court of India, the LGBTQIA+ Community has fundamental rights. Every Indian should be able to exercise it. We can create a better society for all by ensuring that everyone has equal access to loans.

When applying for a Home Loan, borrowers can also use a home loan calculator to plan their finances better. In addition to that, applicants can also check eligibility using an eligibility calculator.

Also Read: Home Loan for Same-Sex Partners – A Loan That Does Not Differentiate

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.

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