When you're buying a home, two things matter as much as the property itself — how you'll pay for it and how you'll get a home loan. At Godrej MSR City, located in Shettigere, North Bangalore, both of these steps have been made simple and clear. This guide explains how the payment schedule works, what kind of home loan support is available, and what buyers need to prepare.

MSR City is a major township project by Godrej Properties, close to Kempegowda International Airport. It's a RERA-approved development (ID: PRM/KA/RERA/1250/303/PR/010425/007644) with possession for Phase 1 expected from March 2030 onwards. Let's walk through how payments and loans work here, so you can plan with confidence.

1. Why Payment Plans and Loans Matter for Buyers

For most people, buying a home is the biggest financial decision they'll make. Understanding how and when you need to pay — and how banks will support you — is just as important as liking the layout or the view from the balcony. Godrej MSR City gives buyers a structured way to manage payments over time, making the process more flexible and less stressful.

2. How the Construction-Linked Payment Plan Works
What It Means

Godrej MSR City follows a construction-linked payment plan (CLP). This means you don't pay everything at once. Instead, you make payments in stages as the building work progresses. This is the most common system for under-construction homes in India.

Sample Payment Stages

Here's how the payment process usually goes:

1. At booking: You pay 10% of the apartment price. This often starts with a ₹50,000 token and the rest is paid within 10 days.
2. Within 45–60 days: You pay another 10%, usually when signing the agreement.
3. During construction: You'll pay 70–75% in small parts as different parts of the building are completed. These include:
1. Plinth or foundation
2. Basement
3. Slabs for each floor
4. Brickwork and inside fittings
5. Plumbing, wiring, and flooring
4. At possession: You pay the final 10–20% once the apartment is ready and the Occupancy Certificate (OC) is issued. You also pay registration charges, GST, stamp duty, and any extras.

Why This Helps

1. You don't have to pay everything upfront
2. You pay only when progress is made, which protects you from long delays
3. If you're taking a home loan, banks also release money in parts, matching the same schedule

3. Other Payment Options: Are They Available?
Down Payment Plan (DPP)

In this option, you pay around 80–90% of the total cost early — usually within two months of booking. While this is not common at Godrej MSR City due to the long construction period, it may be offered in future phases for buyers who can pay early. Some developers offer small discounts in return.

Subvention Scheme (No Pre-EMI Till Possession)

This is when you pay only a booking amount, and the bank gives the loan. The builder pays the interest until the apartment is ready. As of June 2025, this scheme is not currently active at Godrej MSR City. But it has been offered in earlier phases, and might return during festive offers or special launches.

4. Home Loan Approvals: What You Should Know
Pre-Approved by Major Banks

Since Godrej MSR City is a pre-approved project, many banks and NBFCs (Non-Banking Financial Companies) have already checked its legal documents and approved it for lending. This makes getting a home loan easier and faster for buyers.

Banks Supporting the Project

Some of the top banks offering loans here include:

1. State Bank of India (SBI)
2. HDFC Ltd.
3. ICICI Bank
4. Axis Bank
5. Bank of Baroda
6. Kotak Mahindra Bank
7. LIC Housing Finance
8. Godrej Capital (Godrej's own finance company)

5. How Much Loan Can You Get?

The amount of loan depends on the cost of the property:

1. Above ₹75 lakh: Up to 75% loan
2. ₹30–75 lakh: Up to 80%
3. Below ₹30 lakh: Up to 90%

So, if your unit at Godrej MSR City is priced at ₹90 lakh, you'll need to pay at least ₹22.5 lakh from your own pocket, and the rest can come from a bank loan.

6. Step-by-Step Loan Process at Godrej MSR City

Here's how you apply for a home loan for a unit at MSR City:

Step 1: Check Eligibility

Use a loan calculator to see how much you qualify for based on your income and credit score.

Step 2: Gather Documents

You'll need:

1. PAN and Aadhaar
2. Salary slips and bank statements (last 6 months)
3. ITR for the past 2–3 years
4. Booking form or allotment letter from Godrej

Step 3: Sanction Letter

The bank reviews your application and issues a letter saying how much loan they can give you, with interest rate and loan term.

Step 4: Legal & Technical Check

The bank will do a quick check of the unit and legal documents (usually smooth since it's pre-approved).

Step 5: Loan Agreement & Disbursement

You sign the loan papers, and the bank starts giving money to Godrej in parts, based on construction stages.

7. What Buyers Should Also Keep in Mind
Full Price = Base Cost + Extra Charges

Apart from the base apartment price, you may also pay for:

1. Stamp duty and registration
2. GST (currently 5%)
3. Preferred location charges (PLC)
4. Clubhouse, water, and power connection fees

Credit Score Importance

Having a score of 750 or more helps you get better interest rates. Godrej Capital currently offers home loans starting from 8.55% per year.

Pre-EMI vs EMI

1. Pre-EMI: You pay interest only on the disbursed amount
2. Full EMI: You start paying full EMI once the loan is fully disbursed or after possession

Loan Rejection or Cancellation

If your loan doesn't get approved after booking, a small part of the booking amount might be deducted. The exact refund terms are mentioned in the booking form. RERA rules offer you some protection too—if the project is delayed beyond the committed timeline, you may get a refund with interest.

8. Final Thoughts: Why Godrej MSR City Makes Financial Sense

Buying at Godrej MSR City is more than just getting a home — it's a step-by-step journey made smoother with clear payment options, fast home loan access, and trustworthy legal structure. The project gives buyers a lot of control over their payments, with no hidden surprises. Whether you're planning to live here or invest for the future, you get both financial flexibility and long-term value.

With the project's planned delivery by March 2030, a solid builder reputation, and strong bank partnerships, buyers can move ahead with confidence. Godrej MSR City brings you not just a home—but a secure way to reach it.