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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

Lease Rental Discounting

 

Want to leverage your rental earnings to get a loan? We offer industry-best loan-to-value Lease Rental Discounting, allowing you to explore new business opportunities, fund personal expenses, or even pursue higher education. Unlock the value of your assets without selling them.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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.

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs

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!

 

Key Benefits | Interest Rates | Calculators | Documents Required | FAQs




Our Loan Against Property


Finance your business and personal dreams at attractive interest rates with Godrej Capital’s Loan

Against Property

Our Loan Against Property


Finance your business and personal dreams

at attractive interest rates with Godrej

Capital’s Loan Against Property


Benefits

Interest rates from 9.75% onwards

Interest rates from 9.75% onwards
Interest rates from 9.75% onwards

Loans available upto INR 15 Crores

Loans up to 25 Cr
Loans up to 25 Cr

Longer tenures of upto 25 years

Longer tenures of upto 25 years
Longer tenures of upto 25 years

Interest-Only Payments up to 36 months

Longer tenures of upto 20 years
Longer tenures of upto 20 years

Key Features



Be it purchasing a home, expanding a business, or funding your child’s education, we help you create moments of joy with our Loan Against Property product.

Be it purchasing a home, expanding a business, or funding your child’s education, we help you create moments of joy with our Loan Against Property product.

lap-key-benefits-image.jpg

  • Caters to all business and personal needs
  • Low-interest rates starting at 9.75%
    per annum
  • Longer tenures of up to 25 years
  • Loans up to 85% of the market value of the property
  • Interest Only payments avaliable for up to 36 months
  • Loans available on residential, commercial & industrial properties
EMI Break

*T&C Apply



Manage your finances better with flexible re-payment plans from Godrej Capital.


lap-EMI-break

  • Avail flexibility in repayment through 'Design your EMI', where you can start with lower EMI amounts
  • Choose to pay only the interest amount for a duration of up to three years and make efficient utilisation of the loan availed
EMI Break

*T&C Apply



With Godrej Capital Nirmaan, get access to a wide range of value-added services to help in business expansion, managing operations, upskilling, and more. A one-stop solution for all your business needs!

emi-break.jpg

Why to register with Nirmaan?

 

  • Exclusive partner offerings
  • Special discounted pricing
  • Total savings of up to INR 50,000
EMI Break

*T&C Apply



Our Partners





Seeking flexibility of funds for better cashflow management? Avail our newest launch ‘Flexi Funds’, a facility like overdraft, on Loan Against Property, and enjoy the freedom to withdraw and repay based on your needs, with interest being charged only on the utilized amount of your borrowing.


Flexi Funds


  • Repayment tenure of up to 15 years
  • Loan amount of up to INR 15 crore
  • Competitive interest rates
  • Convenience to withdraw and repay anytime, as many times without extra charges
  • Get rid of fixed EMIs by paying interest only on the utilized amount
  • Flexible usage of funds
  • Multiple/Unique variants to choose from
Flexi Funds

Hybrid Dropline Annual Dropline Half-Yearly Dropline Quarterly Dropline Monthly Dropline
Sanctioned limit to remain fixed for the first two years, with withdrawal limit reducing every month thereafter Withdrawal limit to reduce every year from the sanctioned limit in equal proportion Withdrawal limit to reduce half-yearly from the sanctioned limit in equal proportion Withdrawal limit to reduce every quarter from the sanctioned limit in equal proportion Withdrawal limit to reduce every month from the sanctioned limit in equal proportion




Low Interest Rates


We listen to what you need. Godrej interest rates on Loans Against Property are designed to fit
your Aspirations and needs.

 

Low Interest Rates


We listen to what you need. Godrej interest rates

on Loans Against Property are designed to fit your

lifestyle.


RESIDENT

Salaried

Per Annum onwards
BUSINESS

Self Employed

Per Annum onwards
PRACTICING PROFESSIONALS

Self Employed

Per Annum onwards

*T&C Apply


Calculate Your Savings



%
Loan Tenure
Yrs
Ms

Your Monthly EMI

For the year at the % of interest rate

Total Interest Payable

Total Payment (Interest + Principal)


How to use the EMI Calculator?

  • Input the amount you need to avail as a loan using the slide bar
  • Key in the interest rate from 6-15%
  • Adjust the loan tenure options (months and years) to generate your monthly and total repayment

How our EMI Calculator can help you?

  • Aids in making a well-informed decision for your finances
  • Assesses the tenure that would be feasible for your loan repayment
  • Commences long-term financial planning basis the available EMI-related data
  • Gauges the amount of interest you would pay
%
Loan Tenure
Yrs
Ms

Your EMI Will Be

Your Eligibility


How to use the Eligibility Calculator?

  • Input your net monthly income using the slide bar. This can include income from multiple sources
  • Enter the total amount of EMIs from existing loans
  • Key in the interest rate from 6-15%
  • Adjust the loan tenure options (months and years) to your ideal repayment period
     

How our Eligibility Calculator can help you:

  • Determines the best-estimate amount you can avail as a Loan
  • Plans your future financial investments with greater optimal accuracy
  • Assesses the benefits of loan with ease

Mandatory documents

 required for property loan for


Mandatory documents required for property loan for




  • Copy of Pan Card or Form 60
  • Copy of proof of identity (Aadhar number / Valid Passport / Valid Driving License / Voter’s Identity Card)
  • Copy of proof of address (Aadhar number / Valid Passport / Valid Driving License / Voter’s Identity Card)



  • Copy of salary slip for last one month, or a Salary Certificate on the company letter head (authorized by the signatory of the organization)
  • Copy of proof of employment for last 2 years (Form 16 or joining date on appointment letter or salary slip etc.)
  • Copy of salary account statement for last 6 months
  • Copy of proof of bonus for last 2 years (bank statement) or variable incentive for last 6 months (salary slip)
 
For resale home loans
  • Copy of current Registration or Draft Agreement for sale (only for Maharashtra) / allotment letter / stamped agreement for sale
  • Copy of Occupancy Certificate (fully constructed property) or approved plan copy (photocopy of the blueprint)
  • Copy of Share Certificate (only for Maharashtra), maintenance bill, property tax receipt
  • Copy of payment receipts or bank account statement showing payments made to seller
  • Prior chain-link title documents


  • Pan Card or Form 60 is a mandatory requirement for the loan application processing
  • Proof of identity (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
  • Proof of Address (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)



  • ITR and Financial statements including P&L, Balance Sheet, COI & Schedules - 2 Years - certified by a Chartered Accountant
  • Bank Statements for last 12 months
  • Business Continuity Proof for 5 years
  • Tax Audit Report, if applicable

For resale home loans
  • Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
  • Prior Chain Link title documents
  • Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
  • Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
  • Payment Receipts or bank account statement showing all the payments made to Seller


  • Pan Card or Form 60 is a mandatory requirement for the loan application processing
  • Proof of identity (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
  • Proof of Address (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)



  • ITR and Financial statements including P&L, Balance Sheet, COI & Schedules - 2 Years - certified by a Chartered Accountant
  • Practice Continuity Proof for 5 years
  • GST challans for last 1 or 2 or 3 quarter since filing of last returns
  • Tax Audit Report, if applicable
  • Bank statement showing Rental credits & Registered Rent Agreement, if applicable

For resale home loans
  • Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
  • Prior Chain Link title documents
  • Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
  • Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
  • Payment Receipts or bank account statement showing all the payments made to Seller

*Disclaimer: All contents mentioned on this page, including but not limited to documents, eligibility may vary for each borrower and are subject to the discretion of the lender. The content is subject to change without prior notice.


FAQs

FAQs



It is a loan against fully constructed, freehold residential and commercial properties for personal or business needs. The obtained funds can be utilized for various purposes, such as covering wedding expenses, medical costs, or funding a child's education etc. You can also transfer your existing Loan Against Property (LAP) from other banks and financial institutions to Godrej Capital.

 

For new customers, you can get funding up to 85% of the property value depending on the segmentation and the property type. But, for existing customers, the principal outstanding on all existing loans and the Loan Against Property being availed should not cumulatively exceed 60% of the market value of the mortgaged property as assessed by Godrej Finance.

Both salaried as well as self-employed individuals have the option to obtain a Loan Against Property (LAP) with no end-usage restrictions. The loan availed can be utilised for professional needs such as business expansion, debt consolidation, and various personal needs including homeownership, marriage, child education etc.

You can avail of Loan Against Property for a maximum term of up to 25 years subject to internal policies of a lending institution.

 

Yes, Loan Against Property (LAP) can be availed of against fully constructed and freehold commercial properties.

Click here to know the documents required for a Loan Against Property. For applicable Fees & charges, refer Schedule of Charges.

 

  • Business expansion
  • Long-term working capital
  • Purchase of equipment
  • Holiday
  • Education of children.
     

National Automated Clearing House (NACH) is a centralized structure created to make payments more accessible and cost-effective. It offers a fast and efficient clearing platform. The NACH debit mandate is used by Godrej Capital to automatically deduct monthly instalments from your bank account for the loan availed.

There are two ways to cancel NACH mandate.

 

  • You can log in to the Customer Portal and request to cancel the mandate through the Write to Us section.
  • You can also send an email to customercare@godrejcapital.com through registered email ID or call our Customer Care at +91 22 68815555 through a registered mobile number and place a request for NACH mandate cancellation.

Kindly ensure to provide the Loan Account Number (LAN) when making the request, and our team will reach out to you within 48 hrs.

 


General FAQs

LAP Flexi Funds is an Overdraft-like facility, offering borrowers the flexibility to withdraw and repay funds based on their needs and convenience from a certain sanctioned limit. Just like Loan Against Property, the loan is availed against the value of the property. Interest is charged only on the borrowed amount. This cost-effective facility is useful for managing finances and resolving short-term cash flow problems for individuals and self-employed business owners.

 

Any individual or entity requiring funds can apply for a Loan Against Property Flexi Funds to a maximum loan amount of INR 15 crores.

Loan Against Property Flexi Funds offers a repayment tenure of up to 15 years.

Any individual or entity requiring funds for business purposes and possessing a property can apply for Loan Against Property Flexi Funds.

 

The funds from the Loan Against Property Flexi Funds (LAP Flexi Funds) can be utilized for diverse business-related purposes like business expansion, cash flow management, inventory set up, among others.

LAP Flexi Fund interest rate is calculated only to the utilized amount from the total withdrawable limit. With Loan Against Property Flexi Funds, you enjoy the freedom to repay and reuse funds within the specified limit and tenure.

The EMI for Loan Against Property Flexi Funds is calculated based on the interest charged on the utilized limit. You can continue to make only the interest payment, as long as there is an available balance for the dropline amount to be deducted from the withdrawable limit. Once your limit is exhausted, the EMI will be calculated to include principal payment and the interest charged on the utilized amount.

In a conventional Loan Against Property, the full loan amount is disbursed to the customer's bank account, and repayment starts through monthly EMIs from the following month. In Loan Against Property Flexi Loans, customers are sanctioned certain amount with a withdrawable limit and the subsequent repayment includes only interest on the utilized amount from the sanctioned limit. The customer's limit is subject to reduction based on the chosen variant and frequency of reduction.

The fundamental difference between a Loan Against Property and a Loan Against Property Flexi Funds is the flexibility in the repayment of loans.

Godrej Capital offers five variants of the Loan Against Property Flexi Funds:

 

  • Monthly Variant
  • Quarterly Variant
  • Half-yearly Variant
  • Yearly Variant
  • Hybrid Variant

Failing to make EMI repayments for Loan Against Property Flexi Funds, just like with any other loan, can have serious consequences. These may include having your sanctioned limit blocked, damaging your credit score, incurring penalties, facing legal action, and even losing the property mortgaged as collateral.

Adhering to repayment obligations is crucial to ensure you avoid any of the above instances.

You can log in to Godrej Capital’s Customer Portal. The portal will allow customers to flexibly withdraw, check limits, and repay the Loan Against Property Flexi Funds at their convenience.


Loan Against Property Flexi Funds – Variants

In the monthly variant of Loan Against Property Flexi Funds, the withdrawal limit reduces every month from the sanctioned limit in equal proportion in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.

 

In the quarterly variant of Loan Against Property Flexi Funds, withdrawal limit reduces every quarter from the sanctioned limit in equal proportion in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.

In the half-yearly variant of Loan Against Property Flexi Funds, the withdrawal limit reduces every six months from the sanctioned limit in equal proportion in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.

In the annual variant of Loan Against Property Flexi Funds, the withdrawal limit reduces every year from the sanctioned limit in equal proportion in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.

 

In the hybrid variant of Loan Against Property Flexi Funds, the withdrawable limit is constant for a fixed period of either one, two or three years after which it will drop every month. The drop proportionally reduces from the sanctioned limit in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.


Collateral & Eligibility

The eligibility criteria for Loan Against Property Flexi Funds include factors such as property value, income, credit history, age, and other specifications established by the lending institution. The interest rate is then determined based on these various parameters.

 

Loan Against Property Flexi Funds are exclusively available for business purposes.

Yes, you can mortgage multiple properties to increase the total value of a Loan Against Property Flexi Funds limit, contingent upon credit policies. The Loan Against Property interest rate will be determined accordingly.

Yes, you can convert your current Loan Against Property to Loan Against Property Flexi Funds to avail the benefits of a facility like overdraft. It is, however, contingent upon approval and meeting the eligibility criteria outlined in the credit policies.

 


Customer Portal Queries

Step 1: Visit the Customer Portal
Step 2: Enter your mobile number or customer ID
Step 3: Authenticate by entering the OTP sent to your registered mobile number
Step 4: Upon successful completion, you will be logged in.

 

Log in to the customer portal at https://cp.godrejcapital.com, navigate to the "Transaction Tab" in the left-side menu panel, where three options will appear:

a) Withdraw

b) Repayment

c) Transaction History.

 

Click on the "Withdraw” tab and enter the amount corresponding to the loan amount, then click on “Proceed”.

 

The transaction can be authenticated through an OTP sent to your registered mobile number.

 

Yes, repayment of funds is allowed. 

 

  • Log in to the customer portal by clicking here
  • Access the "Transaction Tab" on the left menu panel
  • Choose from three options: 
    • Withdraw
    • Repayment
    • Transaction History
  • Select the "Repayment" tab
  • Enable the repayment section
  • Input the amount and proceed
  • On the confirmation screen, view the final amount, any deductions, and accept the terms and conditions to initiate the repayment transaction
  • After clicking proceed, the customer will be redirected to the payment gateway page to select the mode of payment: 
    • Net Banking
    • Debit Card
    • UPI

Note: Please ensure the payment is made from the borrower’s registered bank with the company. 

 

  • Choose a preferred mode of payment and submit the payment

Repayment: Customers have the flexibility to repay the entire amount, ranging from a minimum of INR 1,000 to the maximum loan amount, depending on the utilization of funds.

 

Withdrawal: Customers can withdraw up to the maximum loan amount, with a minimum withdrawal limit of INR 1, subject to the available balance.

Repayment: The repayment facility is available 24/7 throughout the year, and has no restrictions on the amount of repayment. It can easily be done through the customer portal.

 

Withdrawal: Withdrawal of funds from the balance is available every day, except on 4 public/national holidays (26th January, 15th August, 1st April, and 2nd October). Additionally, the daily withdrawal functionality is not available between 10 pm to 2 am for maintenance reasons.

Transaction details can be accessed through the customer portal's "Transaction History" section under the Transactions tab. Customers have the option to download/export details in PDF format.

Transactions are limited to the main applicant only in cases where there are multiple applicants on the loan structure.

No, zero charges apply for transactions conducted through the customer portal.


Billing - related FAQs

The billing cycle for Loan Against Property Flexi Funds is from the 27th to the 26th of each month.

 

For example, the billing cycle for Jan'24 would span from 27th Dec'23 to 26th Jan'24. The bill is generated at the end of the day on the 26th Jan'24, reflecting the daily utilization of funds from the sanctioned/withdrawal limit, as the case may be. 

The EMI primarily comprises interest on the utilized amount till the sanctioned limit sustains. Once the sanction limit is exhausted, the EMI includes principal amount as well as the interest computation on the utilized amount.

 

At the end of the day on the 26th of the month, the bill is generated based on interest computation and principal amount utilized, as the case maybe. Customers are then provided an additional 10 days to ensure sufficient balance in the account before the EMI is deducted through NACH services. 

In the event of an EMI bounce, charges, including late payment fees/penalties, will be imposed, and payment is to be made through the customer portal. Refer to the schedule of charges in the terms and conditions section of the Loan Agreement for more details.

Yes, the beneficiary account can be changed. Customers can initiate this request by logging into the customer portal or by reaching out to the customer contact centre for assistance.


 

 

 

 

 

 

 

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