Home Loans

Found your fantasy house but struggling with the price tag? We can help with Home Loans designed for your needs. Our low interest rates and easy EMI plans can help unlock the door to your future.

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.

Balance Transfer

With our Balance Transfer option you can transfer your existing home loan to Godrej and enjoy the benefits of a plan that works for you. Along with interest rates tailored to your comfort, enjoy higher eligibility, along with a Top-Up loan, to take care of your extra needs.

Plot Loans

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.

Business Loans

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!

Commercial Property Loans

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.


Small Business and Economic Growth: Friendship for Development

Small and Medium Enterprises (SMEs) have been the driving force behind India's GDP growth and economic development. According to the Ministry of Micro, Small & Medium Enterprises, India has more than 7.9 million MSMEs as of March 27, 2022. Small businesses have been the reason for economic growth in India and the world. That's why the United Nations General Assembly declared June 27 as 'Micro, Small and Medium Enterprises Day' worldwide. This is a day to celebrate the economic contribution of SMEs to the nation and the number of opportunities they create for innovation and change


To support the revolutionary changes by SMEs, the Government of India has announced several reforms to support SMEs nationwide. Some of these reforms include Prime Minister's Employment Generation Programme (PMEGP), Entrepreneurship and Skill Development Programme (ESDP) Scheme, Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE) and The Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act).


Here's everything you should know about SMEs and their contribution to the growth of the Indian economy.


Top 4 Contributions of SMEs to the Indian Economy


1. Increased Employment Opportunities


Did you know that small business are India's second-largest provider of employment opportunities? Yes, they provide maximum employment opportunities in rural and semi-urban areas. This is because small businesses are labour-intensive, unlike capital-intensive corporate industries. According to information from the MSME Ministry's Udyam Portal, 93,94,957 persons were employed by the MSMEs registered on the portal in FY 2022.


Therefore, government loans for a business have supported small businesses with various loan schemes and motivated financial institutions to do the same. Increased employment impacts the overall economy positively, and economic prosperity becomes a reality.


Fact File: According to MSME Ministry's Udyam Portal, 93,94,957 persons were employed by the MSMEs registered on the portal in FY 2022.


2. Successful Utilization of Resources


When employment opportunities increase, resources are utilized successfully. Especially in rural and semi-urban areas, small businesses help develop the region by tapping into regional resources, manual skills, and raw materials. In turn, rural areas are developed, the standard of living rises, demand and supply are positively impacted, and economic growth is the ultimate result! Innovation, creativity and growth usually happen when the resources are successfully utilized at optimum levels.


3. Contributtes to Foreign Exchange Trade


Because of globalization and trade-friendly policies, small businesses have a market abroad too! The internet and e-commerce platforms have increased the scope for demographic reach, target audience and demand. This ultimately has a significant impact on the foreign exchange market and trade.


Small and Medium Enterprises are vital when it comes to exports. According to a report, in FY 2021, MSMEs were responsible for 49.5% of India's exports. Some significant items exported are rice, shoes, clothes, castor oil, etc. The earnings from this trade ultimately result in GDP growth because demand is also created in the local market. In fact, according to a recent report, India's E-commerce exports may reach $125 billion by 2030. This is the power of SMEs.


4. Responsible for Developing the Service Sector


Developing countries like India have been majorly sustained by SMEs, especially in the service sector. You know some of the big companies in India, but how much do you know about the grocery store, boutique store, electronic store, etc., across your street? These are the businesses that have been the primary contributors to the growing GDP in India. Did you know that the service sector contributes to 58% of India's GDP? According to a recent report, the Agriculture and Industry sector accounts for 16% and 26% of India's GDP growth, respectively. This means the service sector captures half of the market and will continue to grow with the opportunities available. It's a prudent time to invest, start a small business, and learn some tips and tricks from nearby service stores.


One of the best ways to start a business is to get a business loan. A loan against property serves as one of the best business loans. Let's see how:


How can LAP Help Small Businesses?


With a Loan against property, small businesses can fulfil their business needs. From purchasing a property to fulfilling capital expenses, a loan against property can be obtained for all your business requirements! If you urgently require funds, a loan against property is just the right option! Lenders process the loan amount quickly after your submission of the required documents. What's more? You can get up to 75% to 80% of the property value!


Furthermore, loan against property interest rates is low. So, rest assured that it will not burn a hole in your pocket. And the best part is you can continue to use the property you have put up for the loan. Just pay your EMIs on time! That's it!




Small and Medium Enterprises are the backbone of our economy. Starting a small or medium-sized business is one of the wisest decisions today! You will be participating in the development of the Indian economy. The opportunities, return on investment and profit is high in this sector! If you want to start your own business, understand the excellent benefits of a Loan against property for business. Enjoy long repayment tenure, low-interest rates and quick loan approval with a Loan against property. Know more about the nitty-gritty of loan against property and the different types of loans available before making an investment decision!


Godrej Capital, through its subsidiaries, Godrej Housing Finance and Godrej Finance, offers products such as Home Loans, Loans Against Property, Balance Transfers, and many more. To know more about our offering, click here.


Disclaimer: The names used in this article are fictitious and are used for representational purposes only.


The contents of this article is for information purpose only & not a financial advisory. For more details, please refer to the product or service document and/ or connect with our customer representative before 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 taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.