Godrej Housing Finance Loan Against Property

Godrej Housing Finance LAP Highlights
Interest Rates	9.75% p.a. onwards
Loan Amount	Up to Rs 25 crore
LTV Ratio	Up to 80% 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

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

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	10.60-11.30
Bank of Baroda	10.85-16.50
PNB Housing Finance	9.65-13.00
IDFC First Bank	9.00-16.50
HDFC	8.95-10.25
L&T Housing Finance	9.50 onwards
LIC Housing Finance	9.50-11.55
Godrej Housing Finance	9.75 onwards
ICICI Bank	10.85-12.50
Tata Capital	10.10 onwards
Bajaj Housing Finance	8.50-18.00
Axis Bank	9.90-10.35
Kotak Mahindra Bank	9.15 onwards

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

Documents Required for Godrej Housing Finance LAP

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