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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Maximise Tax Benefits for Joint Home Loan

Home loans have been instrumental in making the dream of owning a house more achievable. However, there are instances where significant funding is required or when an individual falls short of meeting the eligibility criteria. In such scenarios, considering a joint home loan can be the solution to secure the deal.


A joint home loan involves having a co-applicant, typically a close family member such as a parent, child, or spouse. Essentially, a joint home loan entails more than one applicant sharing the responsibility for repaying the loan.


Joint Home Loan Benefits

A joint home loan offers a multitude of advantages, each playing a pivotal role in facilitating your home ownership journey. Here's a detailed exploration of some key benefits:


Enhanced Loan Eligibility:

Before approving funds, lenders thoroughly assess your eligibility. With a co-applicant, your eligibility receives a substantial boost. Combining both incomes and creditworthiness amplifies your overall financial standing, thereby increasing the amount you can borrow. This collaborative approach empowers you to access more substantial financial support to realize your homeownership aspirations.


Lenders consider all applicants' incomes, allowing you to get larger loans for buying a home.


Favourable Home Loan Interest Rates:

Introducing a spouse or parent as a co-applicant in your joint home loan can yield another advantage – a potentially lower interest rate. Many lenders offer preferential home loan interest rates for female borrowers, typically ranging from 10 to 25 basis points (0.1% to 0.25%). Given the long-term nature of home loans, even a slight reduction in the interest rate translates to substantial savings over the loan tenure.


Enhanced Tax Benefits:

Opting for a joint home loan unlocks additional tax benefits for both applicants. This includes tax deductions on both the principal and interest components of the loan repayment. Some lenders give lower interest rates on home loans to women, usually between 0.1% and 0.25% less than the standard rate.By using tax benefits together, you can save more money on taxes, which can help with finances and encourage shared homeownership.


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


The payment of the principal amount towards your home loan opens avenues for tax exemption under section 80C of the Income Tax Act, 1961, with a maximum deductible amount of INR 1.5 lakhs. Similarly, the interest component qualifies for deduction under section 24, with a maximum limit of INR 2 lakhs. 


When you opt for a joint application and contribute towards the EMIs, both you and your co-applicant can individually claim these deductions while filing your income tax returns. Consequently, as a family unit, the combined tax savings towards both principal and interest payments amount to INR 3 lakhs and INR 4 lakhs, respectively.


However, to avail of these joint home loan tax benefits, specific conditions must be met:


Co-ownership of the Property: 

It is essential that both applicants are registered as co-owners of the property. If the co-applicant is not listed as a co-owner in the property documents, they cannot claim tax benefits.


Co-borrower Status: 

Merely being a co-owner does not suffice; both applicants must also be co-borrowers of the loan. This condition ensures that both parties contribute towards the EMI payments, making them eligible for tax benefits.


Completion of Property Construction:

Tax deductions can only be claimed from the financial year in which the construction of the property is completed. Deductions are not applicable for properties that are still under construction.


Choosing a joint home loan offers several advantages beyond tax benefits. Joint owners often leverage this opportunity to pre-pay the entire loan amount, also known as loan foreclosure, resulting in significant cost savings. 


Additionally, joint applicants may also distribute the burden of the downpayment cost. Owners can save money by paying off the loan early, called loan foreclosure, when they own the property together. Before applying, make sure to check your co-applicant's credit history to ensure they are creditworthy. This step is crucial. It's worth noting that any default in EMI payments by your co-applicant can equally impact your credit score. 


Therefore, diligent evaluation and mutual understanding are essential before embarking on a joint home loan journey.


It will impact your loan eligibility criteria should you apply for a loan in the future. Read the fine print and review the terms and conditions well before signing.


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


With Godrej Capital's home loans, same-sex partners can achieve their dream and buy a home together. By applying for a joint home loan, they can secure a bright future for themselves and their families, free from discrimination. Everyone deserves equal access to loans, as affirmed by the recent Supreme Court ruling recognizing the fundamental rights of the LGBTQIA+ community. We're committed to creating a more inclusive society where everyone has an equal chance at homeownership.


When applying for a Home Loan, borrowers can use tools like the home loan EMI calculator to plan their finances better. Additionally, applicants can check eligibility using an eligibility calculator to ensure a smooth application process.


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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