We empower small businesses and individuals by offering Micro LAP (Loan Against Property) solutions tailored to meet their unique financial needs. Our Micro LAP product provides a seamless and flexible way to unlock the potential of your property, helping you achieve your dreams and aspirations. Whether it’s for expanding your business, funding personal goals, or managing unexpected expenses, Capri’s Micro LAP is designed to provide quick access to affordable credit with simple processes and transparent terms. Let your property be the key to unlocking financial possibilities.
Key Features
Flexible Loan Amounts
Financing options between Rs. 2 to 10 Lakhs for different needs.
Flexible Repayment Options
Repayment periods ranging from 2 to 7 years.
Efficient Loan Process
Our digital approach ensures smooth onboarding for LAP mortgage applications with reduced paperwork and personalized support
Fast Disbursal
With proprietary credit assessments, loans are disbursed in as little as 7 days.
Parameter
Applicable Norms
Borrower type
Self-employed professionals (SEP), Self Employed non-professionals (SENP), and salaried individuals
Loan Amount
Rs. 1 Lakh to Rs. 10 Lakhs.
Tenure
Min – 2 years Max 7 years
Age Norms
Min 21 years Max 70 Years at the time of maturity
Collateral Property Type
Residential, commercial, or mixed-use properties.
Identity Proof :
Aadhaar Card
Valid Passport
PAN Card
Voter ID Card
Address Proof :
Utility Bills
Ration Card
Job card issued by NREGA
Banking:
Recent bank statements (last three months)
Property Papers:
Title deeds for the property offered as collateral
Supporting documents:
Supporting documents required to assess income like kaccha/pacca bills etc
MITC
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Frequently Asked
Questions (FAQS)
Questions (FAQS)
What is a Micro LAP loan?
This is a loan against house catering to individuals, business owners, and micro-entrepreneurs. It involves using properties like homes or commercial spaces as collateral for a quick and efficient financing solution.
Why Choose Capri Micro Loan Against Property?
- Simplified eligibility checks, backed by our efficient system, to meet Micro LAP eligibility proof requirements.
- Seamless Micro LAP application process designed for user convenience.
- Tailored solutions for your unique business needs, ensuring success for micro-entrepreneurs.
What collateral do we need to provide for a Micro LAP Loan ?
The collateral provided for Micro LAP mortgage can be any type of property – residential, commercial or Residential cum commercial. The title of the property should be clear, marketable, and free from any encumbrances.
How do I apply for a Micro LAP loan?
You can visit your nearest branch, submit the required documents for Micro LAP, and follow the Micro LAP application process outlined in our guidelines.
What benefits does Capri offer?
Our Micro Loan against Property ensures quick processing, flexible repayment, and the ability to track your loan using the Capri Loans app.
How to Get a Micro LAP/MSME Loan from Capri?
Steps to Apply:
1. Submit your loan application with the required documents at your nearest Capri branch, or have a representative collect them at your doorstep
2. The application will be assessed based on eligibility and funding norms
3. Property valuation and title check may be conducted to determine the loan amount
4. Based on internal and regulatory guidelines, the application may be approved or rejected
5. Submit original property documents, sign agreements, create charges on property, and submit post-dated cheques / ECS
6. Once all documents are in order, the loan will be disbursed to the borrower’s account, and EMI payments will commence after disbursement