Godrej Housing Finance - 8.55% for Home Loan - New Purchase Home Loan

Godrej Housing Finance offers home loans starting 8.55% p.a.* with the quick approval and easy process.

Home Loan in Godrej Housing Finance is quite popular with its special features and attractive rates

Under the various home loan schemes for the different income and occupation groups.

Interest Rate	8.55% p.a. onwards*
Processing Fee	3% of the loan amount
Loan Amount	As per applicants’ credit profile subject to the caps on LTV ratio set by the RBI
Repayment tenure	Up to 30 years

 

Key Features of Bank of India Home Loan:

1. Lowest Interest Rates from 8.55% p.a. onwards*

2. Zero-Touch Home Loans.

3. Speedy Sanctions and Disbursal

4. Longer tenure of up to 30 years

 

Godrej Home Loan Interest Rates:

For Salaried	8.55% p.a. onwards
For NRI (Salaried)	8.55% p.a. onwards
For Self-Employed (Business Professionals)	8.99% p.a. onwards
For Self-Employed (Practicing Professionals)	8.99% p.a. onwards

 

Godrej Housing Finance Home loan interest depends upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income. Higher the income, lesser will be the rate

 

2. Type of loan opted for:

Godrej Housing Finance also offers differential rates and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

Godrej Housing Finance offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

Godrej Housing Finance Home Loan:

Apply

If you want to get a housing loan from Godrej Housing Finance, the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at APNARUPEE.COM we are a channel partner of all top banks in India including HDFC, SBI, Axis Bank etc.

Your loan application will be processed Godrej Housing Finance representatives will get in touch to begin the process of getting a home loan.

You will also be assisted by APNARUPEE.COM housing loan advisor to ensure that all the lending process is smooth, quick and you get the best house loan from Bank of India.

You can also do a comparison of Bank of India’s Home Loan Interest rates and other charges using APNARUPEE.COM comparison tool.

Once you apply online, you can check the real time status of your home loan application in your customer account section of APNARUPEE.COM.

 

Godrej Housing Finance Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Godrej Housing Finance Home Loan Schemes:

1. Godrej Home Loan:

Features: 

A regular home loan scheme availed for buying or constructing a house.

Those seeking loans for home renovation/ improvement or extension purposes can also apply for this home loan.

Godrej home loan comes with special features like ‘Design your EMI’ with ‘Flexible Payment Plan’ features to those availing home loans for under-construction properties.

It also comes with ‘EMI Break’ feature for repayment convenience and ‘Parallel Funding’ to make home loans more affordable through staggered down payments.

Loan Amount: 

As per applicants’ credit profile subject to the caps on LTV ratio set by the RBI

Tenure:

Up to 30 years

 

2. Godrej Plot Loan:

Features: 

Plot Loan facility from Godrej Home Finance for financing the purchase of residential plot in urban areas.

Loan Amount: 

Up to 80% of the property value

Tenure: 

Up to 30 years

 

Godrej Home Loan Balance Transfer:

Features:

Home loan balance transfer facility allows existing home loan borrowers to transfer their home loans from other financial institutions to Godrej Housing Finance at lower interest rates.

Loan Amount: 

Up to Rs. 30 lakh

Tenure: 

Up to 30 years

 

Frequently Asked Questions:

Q1. Who can be the co-applicant to my home loan?

Ans.  If you are the sole owner of the property, any member of the immediate family can be the co-applicant to your home loan.

If someone is the co-owner of the property, he/she should necessarily be the co-applicant.

If the income of other family member(s) are considered to calculate the loan amount eligibility, then those family member(s) need to be roped in as co-applicant(s).

 

Q2.  Can I prepay my home loan availed from Godrej Housing Finance?

Ans.  Yes, you can prepay your home loan availed from Godrej Housing Finance.

The HFC does not charge any prepayment charges on home loans offered at floating rates.

For home loans offered at fixed rates, the prepayment charges are NIL if paid through own source of funds.

 

Q3. Does Godrej Housing Finance offer preferential rates to salaried applicants?

Ans. Yes, Godrej Housing Finance offers interest rate concession of 35 bps to salaried applicants.

 

Q4. Can I split my home loan down payment into smaller tranches?

Ans. Yes, Godrej Housing Finance offers ‘Parallel Funding’ program, which allows its borrowers to split the down payment component into smaller amounts, as per the stages of the property construction.

This program has been designed to reduce the burden of arranging large amount for making upfront down payment and thereby, increase the affordability of owning a house.