Micro LAP

Micro Loans Against Property are provided to customers who don't have any documented income. The loan amount ranges from 3,00,000 to 15,00,000 and are secured against the property, which is offered as collateral. The repayment tenure for such loans is between 36 months and 144 months and are offered at an affordable interest rate.

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  • Loan ranges between 3,00,000 to 15,00,000

  • Loan tenure: 120 months to 144 months

  • Attractive ROI between 18% - 22%

  • Repayment in Equated Monthly Installments (EMI)

  • Funding on Various properties Residential / Commercial

  • Foreclosure is allowed during the tenure of the loan

  • NACH/SI allowed for repayment

  • Hassle-Free Processing

  • Application Form

  • KYC

  • Original Property Papers

  • Documents as per product norms

Sr. No Charge Name Charges
i Login Fee ₹5000 + Applicable taxes
ii Processing Fee* 2.50% of loan amount and applicable taxes
iii Foreclosure Charges
Foreclosed by Foreclosure Charges
Upto 6 Months 6% of outstanding Principal portion of the loan and applicable taxes
During 07 to 24 months 4% of outstanding Principal portion of the loan and applicable taxes
During 25 months to  36 months 3% of outstanding Principal portion of the loan and applicable taxes
After 36 months 2% of outstanding Principal portion of the loan and applicable taxes
iv Part Prepayment Charges [Loan Priced at Fixed Rate of Interest] 4% of the Pre-Payment amount towards principal and applicable taxes
v Cheque /NACH/ SI  Bouncing Charges ₹ 300 + Applicable taxes
vi Penal Charges on Overdue EMI 2% per month on the Overdue EMI for the Overdue Period + Applicable Taxes
vii Legal/Valuation Charges As per actuals
viii Duplicate Interest and Principal Certificate issuance Charges 250 + Applicable taxes
ix Duplicate No dues Certificate / NOC issuance Charges 250 + Applicable taxes
x Swap Charges [Cheque/Instrument] 500/- per occasion of swapping of the ECS mandate/NACH/ Standing instruction mandate+ Applicable taxes
xi Duplicate statement issuance Charges 250/- per instance per set + Applicable taxes
xii

Charges for subsequent set of Photocopy of loan agreement/ documents as requested by Borrower

250/- per instance per set + Applicable taxes

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

line-chart-pattern-bg
Equated Monthly installments (EMI)

2,10,651

Need more Information?
Deposit Amount
Interest Earned

Interest Rate

8.00%

Interest Earned

3,50,452

Maturity Value

13,50,452

Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)

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