A "low interest" loan shouldn't mean you have very little interest in paying it back!
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 DetailsImportant 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 offers the following interest rates based on the type of employment and resident status:
| Type of Employment | Interest Rate Range |
| Resident Indian - Salaried | 6.99% p.a. to 7.74% p.a. |
| Non-Resident Indian – Salaried | 6.99% p.a. to 7.74% p.a. |
| Business – Self Employed | 7.14% p.a. to 7.89% p.a. |
| Practicing Professionals – Self Employed | 7.14% p.a. to 7.89% p.a. |
Check out: All top banks home loan Interest rates
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 7.00% 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 |
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
For under-construction property:
Allotment letter/stamped agreement for sale
Bank account statements or payment receipts reflecting payments to the builder
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
For resale properties in Maharashtra:
Share Certificate
Draft Agreement for Sale
Current Registered document
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.
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 400079
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