Buying a home is still a dream of many middle-class individuals. But the home loans have made it easier for everyone to have a home of their own. While applying for a home loan the most important thing a person wants to know is the interest rate. People prefer home loans at a low-interest rate. So, if you are also looking for a home loan at a low-interest rate then you can explore the details of Godrej Housing finance. GHF is offering different types of loans so that you can easily buy a house or a property. The Interest Rate of Godrej Home Loan is between 6.75% to 6.89% per annum. You must also see the documents required for Godrej Housing Finance for Salaried and Self-Employed Individuals.
Godrej Home Loan Interest Rate and Other Details
In the table given below, you can see the interest rate and processing fee of this loan.
|Interest Rate||6.94% to 9.99%|
|Processing Fee for Salaried||INR 999 + GST|
|Processing Fee for Self- Employed||0.25% of the Loan Amount|
|EMI Per Lac||INR 661|
|Tenure||Up to 30 Years|
Types of Godrej Home Loans
There are three types of housing finance offered by Godrej and you can explore all of them below:-
|Balance Transfer||- You can do a Balance transfer and enjoy a low-interest rate on your existing home loan.|
- A top-up loan is also available if you need more loans.
- EMI break feature is also available in the balance transfer.
- Loan disbursals are fast and quick.
|Plot Loans||- Plot loans are available at an interest rate of 6.94%|
- You can borrow a loan for up to 80% of the plot value.
- EMI Break feature is available in the plot loan.
- You will get fast loan sanctions.
|Loan Against Property||- The rate of interest in this Godrej Home Loan is 7.99%.|
- You can take this loan for up to 20 years.
- This loan is available for both personal needs and business needs.
- You can borrow a loan against property for up to INR 10 Crores.
Special Features of Godrej Housing Finance
Zero Touch Loan Process
One of a kind of product introduced by Godrej Housing where the customer can easily avail a housing loan without visiting the branch or submitting the physical documents. The entire journey from Login to disbursement is digitised. Only in case of resale transactions of property, original documents verification (ODV) is done.
Fast Turnaround Time (TAT)
The entire process is digital hence reducing the turnaround time for the application. In resale transactions since the ODV is done hence the TAT increases for validating the legal and technical details of the property.
Door Step Service
The customer doesn’t have to visit any branch for documents submission or signing of the loan agreement. In an endeavour to create digital journey, the preference is given to digital disbursement, however if due to any reason the digital disbursement is not getting successful, the customer doesn’t need to visit the branch. The dedicated team visits the customer to get the Loan Agreement signed.
Design Your EMI
This feature is primarily available only for under construction APF projects with the special EMI facility. This salient feature is suitable for people who are currently residing on rent. Customers have the option to choose the payment of interest during the construction period of the property. The amount chosen can be less than or equal to the actual interest , above the minimum threshold decided by GHF.
One of a kind product launched by Godrej Housing is EMI Break for its customers. Understanding the financial stress caused to the various professions an EMI break option is given to the customers. The customer can skip three predefined EMIs of the loan for the first three years, one EMI per year. Salaried customers can avail the EMI break during the Tax Season (March), Salaried NRI & Self Employed can avail during the festive period (September) and practising professionals during the holiday season (June)
Special payment plans to defer own contribution
Special payment plans are designed in collaboration with leading builders by GHF to promote ease of arranging the OCR for the customer. The loan disbursement begins once the customer has paid the set threshold for the OCR.
Godrej Housing Finance Customer Care Number
The customer care number of Godrej Home Loan is 022-68815555 and you can apply for this loan online as well. The corporate office of GHF is in Mumbai, Pune, Bengaluru, Delhi, and Gurugram.