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: 36 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
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Application Form
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KYC
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Original Property Papers
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Documents as per product norms
| Sr. No | Charge Name | Charges | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| i | Login Fee | |||||||||||
| ii | Processing Fee* | 2.50% of loan amount and applicable taxes | ||||||||||
| iii | Foreclosure Charges |
|
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| 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 | |||||||||||
| 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 |
1000/- per instance per set + Applicable taxes |
Loan calculator
|
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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