Micro LAP
A Micro Loan Against Property (Micro LAP) is a type of loan product aimed at small business owners or individuals with limited credit needs who may not qualify for larger, traditional loans. It’s similar to a standard Loan Against Property (LAP), where the borrower pledges property as collateral to secure the loan, but it’s tailored for lower loan amounts. Micro LAP products are typically designed for small enterprises, micro-entrepreneurs, or self-employed individuals who need quick access to modest funds for business expansion, working capital, or personal financial needs.
Features & benefits
- Quick Access to Capital
- Maintains Business Flexibility
- Lower Interest Rates
- Improves Cash Flow
- Higher Loan-to-Value (LTV) Ratios
- Flexible Tenure
- Repayment Flexibility
Eligibility
We have diverse eligibility criteria for our commercial vehicle loans. This includes your age, income, nature of your business/employment, and more.
Nationality
Indian
Customer Profile
Self Employed, Business Owners
Loan Tenure
Up to 60 months
Employment Stability
2 Years or more
EMI Calculator
Monthly Micro LAP EMI
Interest Rate & Charges
Our interest rates are competitive and reasonable for customers. They depend on various factors:
- Easy and flexible criteria for eligibility
- Principal, tenure, and other factors influence the rate
- Get a good interest rate which is pocket-friendly
- Industry-standard rates with best service and assistance