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Overview
Overview
Required Documents Rates & Charges Calculator EMI Options

Secured Micro LAP

Secured Micro LAP is meticulously crafted to meet the credit needs of diverse trade, commercial activities, and various general business professions. It is a tailored financial solution designed to meet the unique needs of small and medium-sized enterprises which will help them to grow.

  • Amount

    3 Lakhs -20 Lakhs

  • Tenure

    12 months – 120 months

  • ROI

    Starting from 19%*

Micro Loan Against Property EMI Calculator

Loan amount
₹
₹75,000 ₹35,00,000
Loan duration
1 Years 6 Years
Loan duration
12 Months 72 Months
Rate of interest
%
10% p.a 19% p.a

Monthly EMI

  • Total Amount Payable

    0*

  • Total Interest Payable

    0*

Total Amount Payable

Total Interest Payable

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Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

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Features of Secured Micro LAP

  • Long Tenure Loans – – You can select tenure up to 120 months as per your comfort.
  • Simple documentation – Your loan will be approved with minimum documentation.
  • Attractive interest rates – We offer competitive interest rates to help you with get the best rate in market.
  • Fast approval - You can apply for a Secured Micro LAP and get the finances in your bank account with minimum delay. We ensure a swift disbursal process.

Purpose of taking Micro LAP:

  • To meet the credit needs of trade, commercial activities, other general business profession as also for their bona fide requirements.
  • To undertake repairs, renovation, extension of the existing business unit
  • To meet the working capital requirements of the existing business
  • For purchase of machineries and equipment
  • Consolidation of existing debts

Required Documents

  • KYC’s of Applicant and Co applicant
  • Business Stability Proof
  • Ownership Proof
  • Office Address Proof
  • All legal papers of Collateral Property as required for legal report & valuation

Eligibility Criteria

Assessment method can be basis any of the below:-

  • Basis Pucca Bills/ Kachha Bills/Register/Notebooks
  • Basis ITR/GST/Bank Statement

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Loan Against Property
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Know more about Loan Against Property Loans

Apne makaan ke dum par karo aapke sapne sach. Unlock the potential of your property with Tata Capital– Loan against property. With attractive interest rates and flexible tenure, Tata Capital– Loan against property is the perfect solution for you! 

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Tax Benefits on Loan Against Property

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FAQ’s on Secured Micro Loan Against Property

What is the maximum loan amount I can get in Micro LAP?

The maximum loan amount you can avail is Rs. 20 Lakhs. (for Balance Transfer + Top Up only)

Who can be the co-applicant for my micro lap loan?
    • Co-applicants are required in all cases. All individuals & non-individuals whose income has been considered should be co-applicants to the loan.
    • Owners & Legal Heirs of the collateral
    • Immediate family members such as Parents, Spouse & Major Children (daughters & Sisters excluded) will be considered as co-applicant.
    • Maximum 5 co-applicant can be accepted in a loan.
    • If the applicant is married, spouse is to be mandatorily taken as co-applicant.
What are the minimum and maximum Loan Tenor offered in Micro LAP?

The minimum Loan Tenor is 12 months and maximum is 120 months.

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