Godrej Housing Finance Home Loan for Self Employed

Are you self-employed and dreaming of acquiring a house? Godrej Housing Finance has a solution specifically for you! Godrej Housing Finance home loan for the self-employed is created to satisfy the specific demands of self-employed people. With affordable interest rates, flexible repayment options, and large loan amounts, making your dream house a reality has never been easier. Godrej Housing Finance can help you finance a new property, development, or restoration. Furthermore, the application process is simple and hassle-free. Are you ready to take the next step towards becoming a homeowner? Scroll down to discover more details about this scheme.

Godrej Housing Finance Home Loan for Self-Employed – Highlights

Features of the Godrej Housing Finance Home Loan for Self-Employed individuals are as follows:

Godrej Housing Finance Home Loan for Self-Employed – Fees and Charges

Following are the fees and charges that ensure transparency and clarity for self-employed individuals applying for a home loan with Godrej Housing Finance.

Godrej Housing Finance Home Loan for Self-Employed – Documents Required

Here are the documents required to avail of this loan:

For Under Construction Home Loans – Approved Projects

• Allotment Letter or Stamped Agreement for Sale.
• Payment Receipts or bank account statements showing all payments made to the Builder.

For Resale Home Loans

• Current Registered or Draft Agreement for Sale (only for Maharashtra), Allotment Letter, or Stamped Agreement for Sale.
• Prior Chain Link title documents.
• Occupancy Certificate (if the property is ready) or Approved Plan copy (photocopy of the blueprint).
• Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt.
• Payment Receipts or bank account statements showing all payments made to Seller.

For Income Documents

• Latest 1 month’s salary slip or a Salary Certificate authorised by the company’s signatory on the letterhead.
• Proof of employment for 2 years (Form 16, Joining date on salary slip, employer letter, or appointment letter, etc.).
• Last 6 months’ statement of the bank account where salary is credited.
• Proof of bonus for the last 2 years or Variable incentive for the last 6 months – Bank statement reflecting the credits and salary slip letter reflecting bonus or variable incentive.

Additional Required Documents

• Pan Card or Form 60 is mandatory for loan application processing.

For Proof of Identity and Address, any one of the following is acceptable:

• Proof of possession of Aadhaar number.
• Valid Passport.
• Valid Driving License.
• Voter’s Identity Card.

Godrej Housing Finance Home Loan for Self-Employed – Eligibility Criteria

The basic eligibility criteria for a Godrej Housing Finance Home Loan are as follows:

• Applicants must be between 21 and 65 years old at loan maturity.
• A stable income source with documented proof, typically through tax returns and bank statements.
• A good credit score, usually 750 or above, demonstrates creditworthiness.
• The property should be approved by Godrej Housing Finance.