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Balance Transfer
Save More on EMI
Payments.
Save on your EMI payments
Low Interest Rates From 6.49%
Get additional top-up loan
Avail EMI Break

Our Balance Transfer

DESIGNED FOR WHAT IS IMPORTANT TO YOU
  • Key
    Benefits
  • EMI
    Break
  • 1Lower your EMI Payments with reduced Interest rates starting from 6.49%
  • 2Avail additional Top-Up loans for your home & personal needs
  • 3Get Speedy Sanctions and quick disbursals with minimum documentation
  • 4Avail EMI Break in the 1st 3 years of your loan
  • 5No charges on pre-payment and foreclosures
*T&C Apply

We understand that life can be hard at times. We can ease it financially by giving you an EMI break when you most need it:

  • 1Avail breaks for 3 predefined EMI’s/ PEMI’s in the first 3 years of the loan. Yes!, you pay 11 out of 12 months in the 1st 3 years of the loan.
  • 2Salaried customers can avail an EMI Break in March (tax season), Self Employed customers in September (festival season) and Practicing Professionals in June (holiday season)
*T&C Apply

Low Interest Rates

RESIDENT
Salaried

6.49%

To

9.99%

Per Annum
BUSINESS
Self Employed

6.94%

To

9.99%

Per Annum
PRACTICING PROFESSIONALS
Self Employed

6.94%

To

9.99%

Per Annum

Calculate Your Savings

Existing Loan
5L
2Cr
Yr
1Yr
30Yr
%
6%
15.00%
Proposed Loan
Yr
1Yr
30Yr
%
6%
15%
Savings In EMI
₹0
Proposed EMI
₹43,033
Existing EMI
₹43,033
Total saving in cash outflow
₹0
*T&C Apply
Apply Now

Thank You!

Application Submission is now Complete

5L
2Cr
%
6%
15.00%
Yr
1Yr
30Yr
Loan EMI
₹5,00,000
Total Interest Payable
₹16,396
Total Payment (Interest + Principal)
₹5,16,396
*T&C Apply
Apply Now

Thank You!

Application Submission is now Complete

5L
2Cr
0
16L
%
6%
15%
Yr
1Yr
30Yr
Your Home Loan Eligibility
₹11,95,543
Your Home Loan EMI Will Be
₹10,000
*T&C Apply
Apply Now

Thank You!

Application Submission is now Complete

Financial Details
Yr
1Yr
30Yr
0
12L
0
12L
0
8L
Income Tax Payable After Home Loan
₹0
Income Tax Payable Before Home Loan
₹15,000
Income Tax Benefits
₹13,000

Income Tax Payable includes 4% cess.

*T&C Apply
Apply Now

Thank You!

Application Submission is now Complete

Own your
dreams.
Apply Now

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+91 1234567889

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Simple Answers, to
Frequently Asked Questions
Balance Transfer
Top Up
Insurance Related
What are the benefits of transferring a home loan?

The essential benefit of home loan balance transfer to Godrej housing Finance, is suitable rate of interest suited just for you. You get the added benefit of getting a higher eligibility, along with a Top – Up loan, to take care of your extra needs. Thus making your overall monthly instalments at ease.

How long does it take to switch a lender?

You can apply for a Home Loan Balance Transfer from our Godrej Housing Finance website. Our representative will get in touch with you, It usually takes 5-10 days to process basis the information you provide like personal details, financial data, employment details, and existing property information to view your loan offer.

What is the maximum amount that can be transferred?

There is no maximum amount that you can transfer. If you are eligible, your entire home loan outstanding balance gets transferred to Godrej Housing Finance.

Can the repayment period be extended at the time of transfer?

Yes. The repayment tenor can be extended up to a maximum period of 20 years for Self-employed and 30 years for Salaried customers respectively basis your eligibility and age.

Do I require a guarantor for home loan transfer?

No. There is no mandatory requirement for a guarantor.

Do balance transfers affect credit score ?

A Home Loan Balance Transfer does not lower your credit score.

What is a NACH Mandate?

National Automated Clearing House (NACH) is a centralized structure created to make payments more accessible and cost-effective; NACH offers a fast and efficient clearing platform. The NACH debit mandate is used by GHF to automatically deduct monthly instalments from your bank account for the loan availed.

How to cancel your NACH Mandate?

Two ways to cancel your NACH mandate are:

  • 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@godrejhf.com through registered email ID or call our Customer Care +91 22 68815555 through a registered mobile number and place a request for NACH mandate cancellation.

You need to mention the Loan Account Number (LAN) in the request, and our team will connect with you within 48 hrs.

What is a Top Up Loan?

Top Up Loans can tend to personal and professional needs like home furnishing, marriage, child's tuition business expansion, etc.

Who can avail a Top Up Loan?

Customers opting for Balance Transfer of their Home loan can additionally avail a top up loan from Godrej Housing Finance subject to meeting the qualifying criteria.

What is the maximum term for which I can avail a Top Up Loan?

You can avail a top up loan for a maximum term of 15 years

Why Do I Have to Pay Fee For Top Up?

As a top-up loan is a primarily a new loan, standard processing fees apply to it as well.

Is it mandatory for a customer to obtain Insurance?

No, it is not mandatory to obtain Insurance. However, Insurance is a voluntary risk mitigation device that helps customers in multiple ways, such as securing the asset, helping in paying off the loan liability in an unlikely event.

Will Godrej Housing Finance ensure that the benefits and details of the Insurance are provided to the customers?

The insurance contract is between the Insurer and the customers. The company plays a limited role in facilitating the insurance contract between customers and Insurers. It will be the Insurer's responsibility to provide details and benefits to the customers.

What are the benefits of Loan-linked Insurance?

Loan-linked Insurance covers a large amount of the loan liability. In any unforeseen circumstances like death, disability, hospitalization, and diagnosis of critical ailments, the Insurer can repay the loan liability through Insurance.

What are the benefits of Credit-Life insurance?

Credit-Life Insurance provides death cover for natural, accidental, and unnatural cause deaths. It also includes coverage for death due to Covid-19 and can be extended to co-borrowers. Customers can also avail the benefit of Section 80-C Income Tax deduction.

What are the benefits of Survival-Benefit Plan?

Survival-Benefit Plan is for critical illness insurance and provides additional cover for medical emergencies like heart attack, stroke, or cancer. Because these emergencies or illnesses often incur greater than average medical costs, these policies pay out cash to help cover those overruns where traditional health insurance may fall short. These policies come at a relatively low cost. However, the instances that they will cover are generally limited to a few illnesses or emergencies.

What are the benefits of Health Insurance?

Health insurance aims to provide a defence against the hardship caused due to lack of income because of (a) Disease, (b) Accident, (c) Surgery and (d) hospitalization.

What are the benefits of Property Insurance?

Property Insurance secures the property for which the loan has been availed; ensures the security of valuables within the house. It is applicable for entirely constructed property wherein the customer has possession of the property. The Claim amount is the reinstatement value of the property.

Documents
Just what is needed.
Nothing more.

  • KYC Documents

    Documents for proof of identity and address
    • Pan Card or Form 60 is a mandatory requirement for the loan application processing
    • For Proof of Identity and Address, any one of the below documents is acceptable
    • Proof of possession of Aadhaar number
    • Valid Passport
    • Valid Driving License
    • Voter’s Identity Card
    • For complete list of documents, please click here.
  • Income Documents

    Financial documents declaring your income
    • For Income Documents, we accept
    • Latest 1 month salary slip, or a Salary Certificate authorized by the signatory of the company on the letter head
    • Proof of employment for 2 years (Form 16 or Joining date on salary slip or employer letter or appointment letter etc.)
    • Last 6 months statement of bank account where salary is credited
    • Proof of bonus of last 2 years or Variable incentive for last 6 months – Bank statement reflecting the credits and salary slip letter reflecting bonus or variable incentive
    • Bank statement reflecting EMI clearance of Last 6 EMIs OR Statement of account
    • Sanction letter to evidence Collateral address
    • Customer declaration for - Loan outstanding & List of documents submitted.
  • Property Documents

    Property related Documents
    • Under construction Home Loans – Approved Projects
    • Allotment Letter or Stamped Agreement for Sale
    • Payment Receipts or bank account statement showing all payments made to the Builder
    • 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
  • KYC Documents

    Documents for proof of identity and address
    • Pan Card or Form 60 is a mandatory requirement for the loan application processing
    • For Proof of Identity and Address, any one of the below documents is acceptable
    • Proof of possession of Aadhaar number
    • Valid Passport
    • Valid Driving License
    • Voter’s Identity Card
    • For complete list of documents for Individual and Non-Individual (Sole Proprietary Firm or Partnership or Company), please click here.

     

  • Income Documents

    Financial documents declaring your income
    • For Income Documents, we accept
    • 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
    • Bank statement reflecting EMI clearance of Last 6 EMIs OR Statement of account
    • Sanction letter to evidence Collateral address
    • Customer declaration for - Loan outstanding & List of documents submitted.
  • Property Documents

    Property related documents
    • Under construction Home Loans – Approved Projects
    • Allotment Letter or Stamped Agreement for Sale
    • Payment Receipts or bank account statement showing all payments made to the Builder
    • 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
  • KYC Documents

    Documents for proof of indentity and address
    • Pan Card or Form 60 is a mandatory requirement for the loan application processing
    • For Proof of Identity and Address, any one of the below documents is acceptable
    • Proof of possession of Aadhaar number
    • Valid Passport
    • Valid Driving License
    • Voter’s Identity Card
    • For complete list of documents, please click here.

     

  • Income Documents

    Financial documents declaring your income
    • For Income Documents, we accept
    • 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
    • Bank statement reflecting EMI clearance of Last 6 EMIs OR Statement of account
    • Sanction letter to evidence Collateral address
    • Customer declaration for - Loan outstanding & List of documents submitted.
  • Property Documents

    Property related Documents

    Under construction Home Loans – Approved Projects

    • Allotment Letter or Stamped Agreement for Sale
    • Payment Receipts or bank account statement showing all payments made to the Builder

    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

Apply Now

Own your dreams.
Apply Now

+91 1234567889

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Resend Code

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