Godrej Housing Finance Loan Against Property

Godrej Housing Finance LAP Highlights
Interest Rates	9.75% p.a. onwards
Loan Amount	Up to Rs 15 crore
LTV Ratio	Up to 85% of property value
Tenure	Up to 25 years
Processing Fee	Up to 3% of loan amount

Godrej Housing Finance LAP Interest Rates

Type of Applicant	Interest Rates (p.a.)
Salaried	9.75% onwards
Self-employed	9.75% onwards

Godrej Housing Finance has mentioned differential interest rates for Loan Against Property based only on the employment profile of its applicants. However, many lenders may also consider the credit score, loan amount, loan tenure, occupation profile, etc. of their applicants while setting their Loan Against Property interest rates.

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	10.00-11.30
Bank of Baroda	10.85-18.60	Apply Now
PNB Housing Finance	9.25-15.00	Apply Now
IDFC First Bank	9.00-16.50	Apply Now
HDFC Bank Limited	9.50-11.00	Apply Now
L&T Housing Finance	9.50 onwards	Apply Now
LIC Housing Finance	9.50-11.55	Apply Now
Godrej Housing Finance	9.75 onwards	Apply Now
ICICI Bank	10.85-12.50	Apply Now
Tata Capital	9.00 onwards	Apply Now
Axis Bank	10.50-10.95	Apply Now
Punjab National Bank	10.40-12.75	Apply Now

Godrej Housing Finance LAP Fees and Charges

Processing Fee	Up to 3% of loan amount
Prepayment charges and foreclosure charges	NIL
Bounce Charges	Rs 1,000
Penal charges	2% per month
Loan cancellation charges	Up to 30 days- NIL Post that 1% of outstanding principal
Conversion Charges	Up to 1.5% of loan amount
Repricing Fee	1% of outstanding principal
Property documents copy	Rs 2,000

Eligibility Criteria for Godrej Housing Finance LAP

• The applicant should be an Indian resident
• Salaried and self-employed professionals are also eligible for Godrej Housing Finance LAP

In addition to the above-mentioned eligibility criteria, Godrej Housing Finance may also consider the credit score, monthly income, employer’s profile, etc. while evaluating its Loan Against Property eligibility.

Documents Required for Godrej Housing Finance LAP

The detailed list of documents required for Loan Against Property by Godrej Housing Finance is mentioned below:

KYC Documents

• Copy of PAN card or Form 60
• Copy of ID Proof (Aadhar card, passport, driving license, Voter ID)
• Copy of address proof (Aadhar card, passport, driving license, voter ID)

Income Documents

For Salaried:

• Salary slip for last 6 months, salary certificate on company’s letter head
• Employment proof for past 2 years (Form 16/joining letter with date of appointment/salary slip)
• Bonus proof for past 2 years or proof of variable incentives for past 6 months

For Self-employed:

• ITR and financial statements including P&L, schedules, balance sheet and COI for past 2 years certified by a CA
• Business continuity proof for last 5 years
• Bank statement for past 12 months
• Tax audit report

For Self-employed Professionals:

• GST challans for last 1, 2 or 3 quarters since filing of last return
• Bank statement reflecting rental credits and Registered Rental Agreements
• Practice continuity proof for 5 years
• Financial statements and ITR including balance sheet, P&L, schedules and COI for past 2 years certified by a CA
• Tax Audit Report

Property Documents

For Salaried/Self-employed/Self-employed Professional (for resale homes):

• Draft agreement for sale (only for Maharashtra), copy of current registration, stamped agreement for sale/allotment letter
• Copy of occupancy certificate of fully constructed property or copy of approved plan
• Payment receipt copies or bank account statement reflecting payments made to the seller
• Copy of maintenance bill, property tax receipt or share certificate (only or Maharashtra)
• Prior chain-link title documents