Payment Plans & Home Loan Options
Understanding CLP, 10:90 plans, and approved banks for home loans.
Godrej Bannerghatta is expected to offer flexible payment schemes tailored to different buyer profiles, along with standard home loan options from leading banks.
Common Payment Plan Types
- Construction-Linked Plan: Payments are tied to actual stages of construction (e.g., on excavation, plinth, each slab, finishing, possession, etc.). This plan aligns your cash flow with project progress, reducing risk.
- Possession-Linked / 10:90 or 20:80 Plan: You pay a smaller percentage (e.g. 10% or 20%) during construction and the balance on possession. This can significantly reduce EMI burden during the construction phase.
- Time-Linked / Flexi Plans: Payments are due on pre-specified dates rather than milestones. Offers predictability in planning your finances and loan disbursals.
Specific schemes and offers will be confirmed by the developer at launch and may change over time. Visit the pricing page for current updates.
Home Loan Options
Major nationalized and private sector banks, as well as housing finance companies, typically approve projects by reputed developers like Godrej. Once the project is RERA-registered and key approvals are in place, buyers can apply for loans covering up to 75–90% of the property cost (subject to eligibility). Interest rates and loan tenures vary; comparing multiple lenders can help you secure better terms.
Sample EMI Illustration
For example, if you purchase a 2 BHK apartment costing around ₹70 lakhs:
- Down payment (20%): ₹14 lakhs
- Loan amount: ₹56 lakhs
- Tenure: 20 years
- At an interest rate of ~8% p.a., indicative EMI would be in the range of ₹45,000–₹47,000 per month (approximate).
(Buyers should use a bank EMI calculator for precise figures.)
Tax Benefits
Under current tax laws, you may be eligible for deductions on home loan principal (Section 80C) and interest (Section 24) for a self-occupied property, reducing your effective cost of borrowing.
Prospective buyers should discuss all available payment schemes, loan tie-ups and limited-period offers directly with the Godrej sales team to choose the most suitable financial plan.