Godrej Housing Finance Loan Against Property: Eligibility, Interest Rate, Documents & How to Apply (2025)

Godrej Housing Finance Loan Against Property Interest Rates

Important Points to Know

• Uniform Base Rate: Godrej Housing Finance currently keeps the same base interest rate for both salaried and self-employed applicants.

• Other Factors Matter: While Godrej primarily differentiates based on employment type, other lenders also evaluate CIBIL score, property value, tenure, and loan amount before deciding final rates.

• Negotiation Possibility: Applicants with strong financials or higher credit scores may negotiate for better interest rates.

Godrej Loan Against Property Interest Rate

Godrej Housing Finance offers competitive interest rates on LAP that cater to both salaried and self-employed applicants. Unlike some banks, Godrej primarily differentiates rates on the basis of employment type.

Current Interest Rate Structure:

Key Factors That Impact Interest Rates:

1. CIBIL Score – Higher the score, lower the rate.

2. Loan Amount & Tenure – Larger loans with longer tenures may carry slightly higher interest.

3. Employment Profile – Salaried vs self-employed profiles are treated differently.

4. Property Type – The market value and type of mortgaged property directly influence pricing.

5. Repo Rate Movements – Floating rates are linked to market benchmarks.

Competitive Comparison:

• State Bank of India (SBI LAP): 9.20% – 10.50%

• LIC Housing Finance LAP: 9.50% – 11.55%

• Godrej Housing Finance LAP: 9.75% onwards

📌 While SBI offers the lowest entry-level rate, and LIC provides flexibility, Godrej stands out with unique features like 3 EMI waivers in the first 3 years, giving customers much-needed financial relief during specific seasons.

💡 With CreditCares, you can compare Godrej LAP with other top lenders instantly and choose the one that suits your repayment capacity best.

Compare Interest Rates on Loan Against Property for Top Banks & HFCs (2025)

If you’re unsure which lender suits your financial needs, CreditCares can simplify the process. We compare offers across multiple banks and NBFCs to ensure you secure the lowest rate with the most flexible terms.

Godrej Loan Against Property Eligibility Criteria

Before applying for a Godrej Loan Against Property, it’s important to understand whether you qualify for it. Godrej Housing Finance follows a structured eligibility framework to ensure that applicants can comfortably repay the loan.

Basic Eligibility Parameters:

• Age Limit: Applicants must be a minimum of 21 years at the time of application and not older than 65 years at the time of loan maturity.

• Income Requirements: A stable monthly income is essential. For salaried individuals, this means a steady salary credited to their account, while for self-employed, it requires consistent business income supported by financial records.

• Employment Type: Both salaried employees (working in private companies, MNCs, or government sector) and self-employed professionals (like doctors, CAs, architects, and business owners) are eligible.

• CIBIL Score: A CIBIL score of 750 & above is considered excellent and helps in securing the lowest possible interest rate. However, applications with a minimum of 650 may also be considered, albeit at slightly higher rates.

• Property Type: The property being mortgaged must be a residential or commercial property located in approved areas. It should have a clear ownership title and be free from disputes.

• Other Factors: Godrej also evaluates your employment stability, repayment history, ongoing loan obligations, and credit utilization ratio before final approval.

 While these criteria are standard, every applicant’s profile is unique. At CreditCares, we simplify this process by checking your eligibility instantly and comparing it with multiple lenders so you get the most favorable deal.

Godrej Loan Against Property Documents Required

To ensure smooth processing of your Godrej Loan Against Property, applicants need to submit valid KYC, financial, and property documents. Godrej Housing Finance has a clear checklist that varies for salaried and self-employed applicants.

Documents for Self-Employed Applicants

• Duly filled loan application form with passport-size photographs

• KYC & Address Proof (same as salaried)

• Income Proof: ITR for last 2–3 years, Balance Sheet & P&L statements audited by a CA

• Business Proof: GST certificate, Trade License, Shop Act License, Partnership Deed, or Company Incorporation Certificate

• Bank Statements: Last 12 months (Current Account)

• Property Documents: Title deed, ownership proof, latest tax paid receipts, and approvals

Submitting the complete set of documents reduces chances of delay or rejection. At CreditCares, we assist you in preparing your file so you don’t face unnecessary hurdles in the loan approval process.

Fees & Hidden Charges for Godrej Loan Against Property

When availing a loan, it is important to know all costs involved. Godrej Housing Finance Loan Against Property comes with the following charges:

How to Apply Online for Godrej Loan Against Property

You can easily apply for a Godrej LAP online by following these steps:

1. Visit the Official Portal – Go to the Godrej Capital Loan Against Property Online Application.

2. Choose Loan Details – Select loan amount, tenure, and property type.

3. Fill in Personal & Property Information – Provide details like age, employment, income, and property ownership.

4. Upload Required Documents – Submit KYC, income proof, and property documents digitally.

5. Verification & Approval – Godrej Housing Finance verifies your details and evaluates your property.

6. Loan Disbursement – After approval, the sanctioned loan amount is transferred directly to your bank account.

Tip: If you find the process overwhelming, CreditCares can make it fast, easy, and hassle-free. We compare across multiple banks and ensure you get the best deal at the lowest rate.

Frequently Asked Questions (FAQs)

Q1. What is the minimum and maximum loan amount available?
Godrej LAP offers loans up to ₹15 crore depending on property value and eligibility.

Q2. What is the minimum CIBIL score required?
Applicants should ideally have a CIBIL score of 700+ for quick approval and better rates.

Q3. Can both salaried and self-employed individuals apply?
Yes, both categories are eligible, provided they meet income and property ownership criteria.

Q4. What is the maximum tenure for Godrej LAP?
Tenures extend up to 25 years.

Q5. Are there any tax benefits on Loan Against Property?
Unlike home loans, tax benefits are limited. Only if funds are used for business purposes, certain deductions may apply under the Income Tax Act.

Conclusion:

Godrej Housing Finance LAP is a reliable and flexible funding option for both personal and business needs, offering attractive interest rates starting at 9.75% p.a., long tenures, and unique EMI waiver benefits.

• Compare offers from multiple lenders.
• Negotiate the lowest possible interest rates.
• Provide end-to-end support for a fast, smooth, and transparent process.

👉 Choosing CreditCares ensures that you not only get access to Godrej LAP but also to the best deal tailored for your financial needs.