| Hybrid Dropline | Annual Dropline | Half-Yearly Dropline | Quarterly Dropline | Monthly Dropline |
| Sanctioned limit to remain fixed for the first two years, with withdrawal limit reducing every month thereafter | Withdrawal limit to reduce every year from the sanctioned limit in equal proportion | Withdrawal limit to reduce half-yearly from the sanctioned limit in equal proportion | Withdrawal limit to reduce every quarter from the sanctioned limit in equal proportion | Withdrawal limit to reduce every month from the sanctioned limit in equal proportion |
- Key Benefits
- Interest Rates
- Calculators
- Documents Required
- FAQs
- Key Benefits
- Design Your EMI
- Grow with Nirmaan
- Flexi Funds
- Caters to all business and personal aspirations
- Low interest rates starting at 9.75% p.a.
- Longer tenures of up to 25 years
- Get up to 85% of the market value of property
- Interest-only payments avaliable for up to 36 months
- Available on residential, commercial & industrial properties
*T&C Apply
'Your EMI, Your Choice!' Take control of your EMIs and choose a flexible repayment plan that suits your financial needs.
- Pay only interest for up to 36 months
- Pay EMIs as per your convenience and comfort
*T&C Apply
Supercharge your business! Explore Nirmaan, a one-stop platform for all your business needs related to growth, operations, employee management, and more.
- Exclusive partner offerings
- Savings of up to INR 50,000
- Zero registration fees
*T&C Apply
Our Partners
Get funds on demand! Just like an overdraft, Flexi Funds gives you instant access, in just a few clicks.
- Pay interest only on the amount you withdraw
- Repayment tenure of up to 15 years
- Sanctioned limit of up to INR 15 crore
- Competitive interest rates
- Multiple variants to choose from
*T&C Apply
RESIDENT
Salaried
BUSINESS
Self-employed
PRACTICING PROFESSIONALS
Self-employed
*T&C Apply
Calculate Your Savings
- EMI Amount
- Loan Eligibility
Loan Tenure
Your Monthly EMI
₹
For the year
Total Interest Payable
₹
Total Payment (Interest + Principal)
₹
Loan Tenure
Your EMI Will Be
₹
Your Eligibility
₹
- Salaried
- Self-Employed
- Self-Employed Professional
- Copy of Pan Card or Form 60
- Copy of proof of identity (Aadhar number / Valid Passport / Valid Driving License / Voter’s Identity Card)
- Copy of proof of address (Aadhar number / Valid Passport / Valid Driving License / Voter’s Identity Card)
- Copy of salary slip for last one month, or a Salary Certificate on the company letter head (authorized by the signatory of the organization)
- Copy of proof of employment for last 2 years (Form 16 or joining date on appointment letter or salary slip etc.)
- Copy of salary account statement for last 6 months
- Copy of proof of bonus for last 2 years (bank statement) or variable incentive for last 6 months (salary slip)
For resale home loans
- Copy of current Registration or Draft Agreement for sale (only for Maharashtra) / allotment letter / stamped agreement for sale
- Copy of Occupancy Certificate (fully constructed property) or approved plan copy (photocopy of the blueprint)
- Copy of Share Certificate (only for Maharashtra), maintenance bill, property tax receipt
- Copy of payment receipts or bank account statement showing payments made to seller
- Prior chain-link title documents
- Pan Card or Form 60 is a mandatory requirement for the loan application processing
- Proof of identity (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
- Proof of Address (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
- ITR and Financial statements including P&L, Balance Sheet, COI & Schedules - 2 Years - certified by a Chartered Accountant
- Bank Statements for last 12 months
- Business Continuity Proof for 5 years
- Tax Audit Report, if applicable
For resale home loans
- Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
- Prior Chain Link title documents
- Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
- Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
- Payment Receipts or bank account statement showing all the payments made to Seller
- Pan Card or Form 60 is a mandatory requirement for the loan application processing
- Proof of identity (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
- Proof of Address (Aadhaar number/ Valid Passport/ Valid Driving License / Voter's Identity Card)
- ITR and Financial statements including P&L, Balance Sheet, COI & Schedules - 2 Years - certified by a Chartered Accountant
- Practice Continuity Proof for 5 years
- GST challans for last 1 or 2 or 3 quarter since filing of last returns
- Tax Audit Report, if applicable
- Bank statement showing Rental credits & Registered Rent Agreement, if applicable
For resale home loans
- Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
- Prior Chain Link title documents
- Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
- Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
- Payment Receipts or bank account statement showing all the payments made to Seller
*Disclaimer: All contents mentioned on this page, including but not limited to documents, eligibility may vary for each borrower and are subject to the discretion of the lender. The content is subject to change without prior notice.
- Loan Against Property
- Documents
- NACH
- Flexi Funds
It is a loan against fully constructed, freehold residential and commercial properties for personal or business needs. The obtained funds can be utilized for various purposes, such as covering wedding expenses, medical costs, or funding a child's education etc. You can also transfer your existing Loan Against Property (LAP) from other banks and financial institutions to Godrej Capital.
For new customers, you can get funding up to 85% of the property value depending on the segmentation and the property type. But, for existing customers, the principal outstanding on all existing loans and the Loan Against Property being availed should not cumulatively exceed 60% of the market value of the mortgaged property as assessed by Godrej Finance.
Both salaried as well as self-employed individuals have the option to obtain a Loan Against Property (LAP) with no end-usage restrictions. The loan availed can be utilised for professional needs such as business expansion, debt consolidation, and various personal needs including homeownership, marriage, child education etc.
You can avail of Loan Against Property for a maximum term of up to 25 years subject to internal policies of a lending institution.
Yes, Loan Against Property (LAP) can be availed of against fully constructed and freehold commercial properties.
Design Your EMI is a flexible repayment facility that allows borrowers to tailor their EMI schedules. This offers flexibility in repayment amounts according to their financial needs based on various variants available. To know more about Design your EMI, read here.
Click here to know the documents required for a Loan Against Property. For applicable Fees & charges, refer Schedule of Charges.
Loan Against Property has no end-usage restrictions. You can use it for any business or personal needs, such as - Business expansion, Long-term working capital, Purchase of equipment, Vacation, Education, Medical, etc.
National Automated Clearing House (NACH) is a centralized structure created to make payments more accessible and cost-effective. It offers a fast and efficient clearing platform. The NACH debit mandate is used by Godrej Capital to automatically deduct monthly instalments from your bank account for the loan availed.
There are two ways to cancel NACH mandate.
- You can log in to the Customer Portal and request to cancel the mandate through the Write to Us section.
- You can also send an email to customercare@godrejcapital.com through registered email ID or call our Customer Care at +91 22 68815555 through a registered mobile number and place a request for NACH mandate cancellation.
Kindly ensure to provide the Loan Account Number (LAN) when making the request, and our team will reach out to you within 48 hrs.
General FAQs
LAP Flexi Funds is an Overdraft-like facility, offering borrowers the flexibility to withdraw and repay funds based on their needs and convenience from a certain sanctioned limit. Just like Loan Against Property, the loan is availed against the value of the property. Interest is charged only on the borrowed amount. This cost-effective facility is useful for managing finances and resolving short-term cash flow problems for individuals and self-employed business owners.
Any individual or entity requiring funds can apply for a Loan Against Property Flexi Funds to a maximum loan amount of INR 15 crores.
Loan Against Property Flexi Funds offers a repayment tenure of up to 15 years.
Any individual or entity requiring funds for business purposes and possessing a property can apply for Loan Against Property Flexi Funds.
The funds from the Loan Against Property Flexi Funds (LAP Flexi Funds) can be utilized for diverse business-related purposes like business expansion, cash flow management, inventory set up, among others.
LAP Flexi Fund interest rate is calculated only to the utilized amount from the total withdrawable limit. With Loan Against Property Flexi Funds, you enjoy the freedom to repay and reuse funds within the specified limit and tenure.
The EMI for Loan Against Property Flexi Funds is calculated based on the interest charged on the utilized limit. You can continue to make only the interest payment, as long as there is an available balance for the dropline amount to be deducted from the withdrawable limit. Once your limit is exhausted, the EMI will be calculated to include principal payment and the interest charged on the utilized amount.
In a conventional Loan Against Property, the full loan amount is disbursed to the customer's bank account, and repayment starts through monthly EMIs from the following month. In Loan Against Property Flexi Loans, customers are sanctioned certain amount with a withdrawable limit and the subsequent repayment includes only interest on the utilized amount from the sanctioned limit. The customer's limit is subject to reduction based on the chosen variant and frequency of reduction.
The fundamental difference between a Loan Against Property and a Loan Against Property Flexi Funds is the flexibility in the repayment of loans.
Godrej Capital offers five variants of the Loan Against Property Flexi Funds:
- Monthly Variant
- Quarterly Variant
- Half-yearly Variant
- Yearly Variant
- Hybrid Variant
Failing to make EMI repayments for Loan Against Property Flexi Funds, just like with any other loan, can have serious consequences. These may include having your sanctioned limit blocked, damaging your credit score, incurring penalties, facing legal action, and even losing the property mortgaged as collateral.
Adhering to repayment obligations is crucial to ensure you avoid any of the above instances.
You can log in to Godrej Capital’s Customer Portal. The portal will allow customers to flexibly withdraw, check limits, and repay the Loan Against Property Flexi Funds at their convenience.
Loan Against Property Flexi Funds – Variants
In the monthly variant of Loan Against Property Flexi Funds, the withdrawal limit reduces every month from the sanctioned limit in equal proportion in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.
In the quarterly variant of Loan Against Property Flexi Funds, withdrawal limit reduces every quarter from the sanctioned limit in equal proportion in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.
In the half-yearly variant of Loan Against Property Flexi Funds, the withdrawal limit reduces every six months from the sanctioned limit in equal proportion in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.
In the annual variant of Loan Against Property Flexi Funds, the withdrawal limit reduces every year from the sanctioned limit in equal proportion in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.
In the hybrid variant of Loan Against Property Flexi Funds, the withdrawable limit is constant for a fixed period of either one, two or three years after which it will drop every month. The drop proportionally reduces from the sanctioned limit in a manner that by the end of the loan tenure, the withdrawable limit reaches "0". However, the Loan Against Property interest rate continues to be applied monthly based on the used limit.
Collateral & Eligibility
The eligibility criteria for Loan Against Property Flexi Funds include factors such as property value, income, credit history, age, and other specifications established by the lending institution. The interest rate is then determined based on these various parameters.
Loan Against Property Flexi Funds are exclusively available for business purposes.
Yes, you can mortgage multiple properties to increase the total value of a Loan Against Property Flexi Funds limit, contingent upon credit policies. The Loan Against Property interest rate will be determined accordingly.
Yes, you can convert your current Loan Against Property to Loan Against Property Flexi Funds to avail the benefits of a facility like overdraft. It is, however, contingent upon approval and meeting the eligibility criteria outlined in the credit policies.
Customer Portal Queries
Step 1: Visit the Customer Portal
Step 2: Enter your mobile number or customer ID
Step 3: Authenticate by entering the OTP sent to your registered mobile number
Step 4: Upon successful completion, you will be logged in.
Log in to the customer portal at https://cp.godrejcapital.com, navigate to the "Transaction Tab" in the left-side menu panel, where three options will appear:
a) Withdraw
b) Repayment
c) Transaction History.
Click on the "Withdraw” tab and enter the amount corresponding to the loan amount, then click on “Proceed”.
The transaction can be authenticated through an OTP sent to your registered mobile number.
Yes, repayment of funds is allowed.
- Log in to the customer portal by clicking here
- Access the "Transaction Tab" on the left menu panel
- Choose from three options:
- Withdraw
- Repayment
- Transaction History
- Select the "Repayment" tab
- Enable the repayment section
- Input the amount and proceed
- On the confirmation screen, view the final amount, any deductions, and accept the terms and conditions to initiate the repayment transaction
- After clicking proceed, the customer will be redirected to the payment gateway page to select the mode of payment:
- Net Banking
- Debit Card
- UPI
Note: Please ensure the payment is made from the borrower’s registered bank with the company.
- Choose a preferred mode of payment and submit the payment
Repayment: Customers have the flexibility to repay the entire amount, ranging from a minimum of INR 1,000 to the maximum loan amount, depending on the utilization of funds.
Withdrawal: Customers can withdraw up to the maximum loan amount, with a minimum withdrawal limit of INR 1, subject to the available balance.
Repayment: The repayment facility is available 24/7 throughout the year, and has no restrictions on the amount of repayment. It can easily be done through the customer portal.
Withdrawal: Withdrawal of funds from the balance is available every day, except on 4 public/national holidays (26th January, 15th August, 1st April, and 2nd October). Additionally, the daily withdrawal functionality is not available between 10 pm to 2 am for maintenance reasons.
Transaction details can be accessed through the customer portal's "Transaction History" section under the Transactions tab. Customers have the option to download/export details in PDF format.
Transactions are limited to the main applicant only in cases where there are multiple applicants on the loan structure.
No, zero charges apply for transactions conducted through the customer portal.
Billing - related FAQs
The billing cycle for Loan Against Property Flexi Funds is from the 27th to the 26th of each month.
For example, the billing cycle for Jan'24 would span from 27th Dec'23 to 26th Jan'24. The bill is generated at the end of the day on the 26th Jan'24, reflecting the daily utilization of funds from the sanctioned/withdrawal limit, as the case may be.
The EMI primarily comprises interest on the utilized amount till the sanctioned limit sustains. Once the sanction limit is exhausted, the EMI includes principal amount as well as the interest computation on the utilized amount.
At the end of the day on the 26th of the month, the bill is generated based on interest computation and principal amount utilized, as the case maybe. Customers are then provided an additional 10 days to ensure sufficient balance in the account before the EMI is deducted through NACH services.
In the event of an EMI bounce, charges, including late payment fees/penalties, will be imposed, and payment is to be made through the customer portal. Refer to the schedule of charges in the terms and conditions section of the Loan Agreement for more details.
Yes, the beneficiary account can be changed. Customers can initiate this request by logging into the customer portal or by reaching out to the customer contact centre for assistance.
