A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Godrej Housing Finance Plot Loan

    Godrej Housing Finance Plot loans can be availed at low interest rates. The loans get speedy sanctions and quick disbursals. Plot loan interest rates start at 7.04% p.a. with a maximum repayment tenure of 30 years.

    Godrej Housing Finance Details

    Important details of Godrej Housing Finance Plot loans:

    Interest Rate 7.04% p.a. to 9.99% p.a.
    Loan Amount Based on eligibility
    Processing Fees Up to 3% of the loan amount
    Prepayment/Foreclosure Charges Contact the lender
    Max Tenure 30 Years
    Rate Packages Available Floating rate

    Godrej Housing Finance Interest Rates

    Godrej Housing Finance offers the following interest rates based on the type of employment and resident status:

    Type of Employment Interest Rate Range
    Resident Indian - Salaried 7.04% p.a. to 8.99% p.a.
    Non-Resident Indian – Salaried 7.14% p.a. to 8.99% p.a.
    Business – Self Employed 7.19% p.a. to 9.99% p.a.
    Practicing Professionals – Self Employed 7.19% p.a. to 9.99% p.a.

    Check out: All top banks home loan Interest rates

    Godrej Housing Finance EMI Calculator

    Before availing a plot loan, it is better to know the Equated Monthly Instalment (EMI) which you will be paying. It makes it easier to budget your finances and ensure that your EMIs are paid on time every month. To find out how much your EMI, you can the free online home loan EMI calculator. All you have to do is enter the desired loan amount, tenure, and the interest rate that is applicable for you. On doing so, you will get an instant result for your EMI as well as a detailed amortisation schedule with a breakup of your interest and principal amount

    Godrej Housing Finance Plot Loan EMI Calculation

    The example given below is based on an interest rate of 7% p.a.:

    Amount 10 years 20 years 30 years
    Rs.10 lakh Rs.11,611 Rs.7,753 Rs.6,653
    Rs.20 lakh Rs.23,222 Rs.15,506 Rs.13,306
    Rs.40 lakh Rs.46,443 Rs.31,012 Rs.26,612
    Rs.50 lakh Rs.58,054 Rs.38,765 Rs.33,265

    Documents Required for Godrej Housing Finance

    These are the documents required to be eligible for a plot loan from Godrej Housing Finance:

    KYC Documents

    • PAN card or Form 60
    • Passport
    • Driving License
    • Identity Card

    Proof of income:

    • Salary Certificate authorised by the signatory of the company on the letterhead
    • Proof of employment for 2 years (either one of the following or others):
      • Employer letter
      • Joining date on salary slip
      • Appointment letter
      • Form 16
    • Bank statement of the last 6 months where salary is credited
    • Bank statement reflecting EMI clearance of last 6 EMIs/statement of account
    • Bank statement reflecting credits of bonus of the last 2 years or variable incentive for the last 6 months
    • Sanction letter to evidence collateral address
    • Customer declaration for loan outstanding and documents submitted

    Property Documents

    1. For under-construction property:
      • Allotment letter/stamped agreement for sale
      • Bank account statements or payment receipts reflecting payments to the builder
    2. For resale property:
      • Bank account statements or payment receipts reflecting payments to the builder
      • Occupancy Certificate (for completed properties)/ a copy of the approved plan
      • Prior Chain Link title documents
      • Allotment letter/stamped agreement for sale
      • Maintenance bill, property tax receipt, and Share certificate
    3. For resale properties in Maharashtra:
      • Share Certificate
      • Draft Agreement for Sale
      • Current Registered document

    Features and Benefits of Godrej Finance Plot Loan

    Some of the features and benefits of Godrej Finance Plot Loan are listed below:

    • Avail up to 80% loan to value
    • Avail 3 predefined EMI breaks in the first 3 years of the loan.
    • Minimum documentation
    • Low EMI payments with reduced interest rates
    • Speedy sanctions and quick loan disbursals
    • Salaried customers can avail the break in the month of March, self-employed customers in September, and practicing professional in June.

    Godrej Housing Finance Customer Care Details

    Here are the details of Godrej Housing Finance customer care:

    Email address: customercare@godrejhf.com

    Telephone: +91-22-68815555 (available from 9 am to 6 pm on all days except national holidays)

    Registered Office Address:

    Godrej One, Pirojshanagar,
    Eastern Express Highway, Vikhroli (E),
    Mumbai, Maharashtra

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