Godrej Housing Finance offers home loans starting at 8.55% per year with repayment periods of up to 30 years. They provide special features like "Design your EMI" and "Flexible Payment Plan" for those buying homes that are still being built. They also have "EMI Break" for easier repayment and "Parallel Funding" to help with initial payments. If you already have a home loan from another lender, you can transfer it to Godrej for better terms and even get extra funds on top. Plus, during the first three years, you can get a break on your EMI payments if you transfer your balance to Godrej.
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Godrej Home Loan Highlights |
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|---|---|
| Interest Rate | 8.55% p.a. onwards |
| Processing Fees | 3% of the loan amount |
| Loan Amount | Depending on the applicant's credit profile and within the limits set by the RBI on Loan to Value (LTV) ratio. |
| Tenure | Up to 30 years |
Pre Approved Home loan | Check Eligibility & Apply Online
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
|---|---|---|---|---|
| SBI Bank | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. | Apply Now |
| HDFC Bank Limited | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards | Apply Now |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.35% - 10.35% p.a. | 8.35% - 10.55% p.a. | 8.35% - 10.75% p.a. | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| Axis Bank | 8.70% - 13.30% p.a | 8.70% - 13.30% p.a | 8.70% - 9.10% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Also read: Best Home Loan in India
| Applicant Type | Interest Rate |
|---|---|
| For Salaried | 8.55% p.a. onwards |
| For NRI (Salaried) | 8.64% p.a. onwards |
| For Self-Employed (Business Professionals) | 8.99% p.a. onwards |
| For Self-Employed (Practicing Professionals) | 8.99% p.a. onwards |
Features: The Home Loan Balance Transfer facility allows existing borrowers to switch their home loans from other financial institutions to Godrej Housing Finance, potentially benefiting from lower interest rates.
Loan Amount: Up to Rs. 30 lakh
Tenure: Up to 30 years
Features: The Godrej home loan scheme is designed for purchasing or constructing a house. It can also be used for home renovation, improvement, or extension purposes. For those buying under-construction properties, special features like "Design your EMI" with a "Flexible Payment Plan" are available. Additionally, there's an "EMI Break" feature for easier repayment and "Parallel Funding" to make the loan more affordable through staggered down payments.
Loan Amount: Depending on the applicant's credit history and within the limits set by the RBI on Loan to Value (LTV) ratio.
Tenure: Up to 30 years
Features: Godrej Home Finance offers a Plot Loan facility specifically tailored for financing the purchase of residential plots in urban areas.
Loan Amount: Up to 80% of the property value
Tenure: Up to 30 years
Also Read : Best Home Loan EMI Calculator
| Charges | Charges Applicable (exclusive of GST) |
|---|---|
| Processing Fees | Flexible loan: 3% of the loan amount |
| Charges for loan foreclosure letter | Rs. 500 |
| Repricing Fee | 1% of the principal outstanding |
| EMI Bounce | Rs. 1,000 |
| Rate Conversion Charges | 0.5% to 1.5% of the principal outstanding |
| Repayment Mode (Cheque/NACH) Swap | Rs. 500 |
| Late Payment Penalty Per Month | 2% of the total EMI outstanding |
| Stamping or Franking Fee | On Actuals |
| Valuation Fees (In Construction Linked Loans) | On Actuals |
| Technical Fees (for the additional property) | On Actuals |
| Loan cancellation charges | There are no charges up to 30 calendar days or until the first EMI due date, whichever comes earlier. After that period, the charge is 1% of the principal outstanding. |
| Foreclosure/Part Prepayment Charges | For individuals, there are no charges. For non-individuals, the charge is 4% on the principal prepaid in case of balance transfer. In the case of balance transfer, foreclosure on the principal prepaid is also 4%. For self, the foreclosure charge on principal prepaid is 4% on all amounts prepaid over 20% of the loan amount in the financial year. |
Also read: Best Home Loan Fees and Charges
Godrej Housing Finance also takes into account the monthly income and credit score of applicants, similar to other banks and housing finance companies, when assessing eligibility for home loans.
Also Read : Best Home Loan Eligibility
Here is the list of documents required to apply for a home loan with Godrej Housing Finance:
Also Read : Best Home Loan Documents Required
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.