News
Godrej Capital offers 25-year loan tenure product, LAP 25, primarily eyeing SMEs


Mumbai, 30 June, 2022: Godrej Capital Limited (GCL), through its subsidiaries, on Thursday announced the launch of a new offering in its Loan Against Property (LAP) portfolio called LAP 25. A press release issued by the company says that, the offering is primarily focused on Small and Medium Enterprises (SMEs) to allow flexibility of lower outflows during the loan term.
With ‘Design Your EMI’ being the focal point, Godrej Capital is looking to address the nuance of seasonal and uneven cash flows, which are characteristic to SMEs in India. For example, eligible customers can choose to pay only interest for up to first three years of the loan; enabling efficient use of the financing availed. To further enhance the options of availing flexible repayments, soon, Godrej Capital will also launch an option to pay Installments quarterly or bi-monthly (once in 2 months).


Commenting on the product introduction, Manish Shah, MD & CEO, Godrej Capital, said: “The product offerings that we bring in are the basis of our learnings from the growing consumer segmentation & micro clusters that we have engaged with. Our intent and approach have always been to address the credit supply gap through fair, fast, and flexible offerings. As we expand, the introduction of LAP 25, an industry-first product offering, further highlights our focus on flexibility to empower our consumer base”.
-
Guest Column3 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column4 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column4 weeks ago
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
-
Guest Column4 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills
-
Guest Column4 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column4 weeks ago
Propdial in talks to raise Rs 25 Crore
-
Events4 weeks ago
Celebrations at Vegas Mall, Dwarka
-
Guest Column4 weeks ago
TARC Tripundra achieves Rs 350 cr sales