Godrej Housing Finance Plot Loans

Dreaming of owning land to build your perfect home? Godrej Housing Finance plot loan is here to help. Enjoy competitive interest rates starting at 9.19% p.a. Securing your plot with a Loan-to-Value (LTV) of up to 80% is easier than ever. The Godrej Housing Finance housing loan for plots offers a hassle-free process with minimal documentation, and the applicant can benefit from quick sanction and disbursals. Whether you are looking for a plot loan, land purchase loan, or home loan for land purchase, Godrej Housing Finance has the perfect solution. Read to know more!

Godrej Housing Finance Plot Loans – Highlights

A quick snapshot of this scheme is given below:

Godrej Housing Finance Plot Loan Interest Rates

The Godrej Housing Finance plot loan interest rates start from 9.60% annually. These rates can vary depending on the applicant’s eligibility and creditworthiness. Additionally, borrowers with good credit histories and good terms with the financial institution can secure the lowest possible interest rate.

Godrej Housing Finance Plot Loan Fees & Charges

Godrej Housing Finance offers flexible loan processing fees at 3% of the loan amount. If an EMI bounces, a charge of Rs. 1,000 is applicable. For late payments, a penalty of 2% per month on the total EMI outstanding is charged. Foreclosure or part prepayment charges vary: for individuals, there are no charges; for non-individuals, a 4% charge on the principal prepaid applies.

Godrej Housing Finance Eligibility Criteria

To easily avail of a Godrej Housing Finance plot loan, ensure you meet the following eligibility criteria:

Eligible applicants include Indian residents and Non-Resident Indians (NRIs). Applicants must be between 23 and 62 years old. Both salaried individuals, self-employed professionals, and self-employed non-professionals can apply.

Godrej Housing Finance Documents Required For Salaried And Self-Employed

A salaried individual, along with their KYC documents, should bring the following documents to obtain a Godrej Housing Finance plot loan:

Income Documents:

• Latest 1-month salary slip or Salary Certificate authorised by the company signatory on letterhead.
• Proof of 2 years of employment (Form 16, joining date on salary slip, employer letter, or appointment letter).
• Last 6 months’ bank statements showing salary credits.
• Proof of bonus for the last 2 years or variable incentive for the last 6 months (bank statements reflecting credits and salary slip showing bonus/incentive).
• The bank statement reflects clearance of the last 6 EMIs or statement of account.
• Sanction letter evidencing collateral address.
• Customer declaration for loan outstanding and list of documents submitted.

Property Documents:

• Allotment Letter or Stamped Agreement for Sale for Under Construction Home Loans (Approved Projects).
• Payment receipts or bank account statements showing payments made to the builder for Under Construction Home Loans (Approved Projects).

Features of Godrej Housing Finance Plot Loans

Here are the features of Godrej Housing Finance Plot Loans:

• Interest rates starting from 9.19% p.a.
• Loan-to-Value (LTV): Up to 80% of the plot value.
• Zero Touch Loans: Hassle-free process with minimal documentation.
• Quick Sanction & Disbursals

Things to Remember While Applying for a Godrej Housing Finance Plot Loan

When applying for a Godrej Capital plot loan, keep several key points in mind. First, meet the Godrej Capital Bank plot loan eligibility criteria, such as age, income, and credit score. Have all necessary property documentation ready, including title deeds, land records, and approvals. Calculate the loan amount you need based on the plot’s value and your financial capacity. Understand the Godrej Capital plot loan interest rate and choose between fixed or floating rates. Decide on a comfortable repayment tenure. Be aware of any Godrej Capital plot loan processing fees or charges. Know the maximum Loan-to-Value (LTV) ratio offered by Godrej Capital. Finally, understand the prepayment and foreclosure terms to avoid any surprises.