Godrej Capital To Enter Affordable Home Loan Segment

Godrej Capital, the lending arm of the Godrej Industries group, is planning to enter the affordable housing loan segment even as the total assets under its management are seen growing 59-68 per cent to Rs 17,000-18000 crore in the current fiscal.

The non-banking lender ended FY24 with assets of Rs 10,700 crore, with around 45 per cent of it accounting for home loans and 55 per cent lending to small and medium enterprises. In the current year, the split is likely to be 40 per cent for home loans and 60 per cent for small businesses, Shah said.

Getting into the affordable segment is part of the company’s strategy to further homeownership.

In the current year, the company expects its home loan portfolio to be at around Rs 6,000-7,000 crore. Its home loans are priced at 8.55 per cent onward. The SME loan book is seen rising to Rs 11,000 crore this year, as it sees more small businesses integrated into the formal economy.