Axis Bank will accept 10% amount as margin for home loan from customers of Godrej Properties. The customers can pay rest 10% margin money during thier re-payment schedule
Godrej Properties Ltd, the real estate development arm of the Godrej Group said it signed a memorandum of understanding with Axis Bank to offer a special scheme on home loan to its customers.
Under the scheme, GPL customers will be able to get a home loan from Axis Bank after paying only 10% from their own resources as against the traditional 20%. They will have the flexibility to pay the balance 10% during the term of payment schedule, the company said in a release.
"We are sure that our customers will immensely benefit from this unique offering that will make their home purchase more affordable. This offer will also benefit young customers as the initial contribution becomes half what it would have otherwise been,” said Girish Shah, vice president (marketing & sales), Godrej Properties.