At A Glance
- Purpose
- Business or personal use, not for buying a home
- Property accepted
- Self-occupied residential, commercial or mixed-use property
- Share of property value
- Up to 55% for a self-occupied home and 50% for other property, with insurance
- Property location
- Within about 35 km of the lender's main branch, or 25 km of a smaller branch
- Your EMIs
- All your EMIs together can take up to 65% of your income
The Short Version
What Micro Loan Against Property actually does for you.
Get funds against your eligible property for business or personal financial needs, while continuing to own and use your property. Micro Loan Against Property (Micro LAP) is designed for eligible salaried and self-employed customers looking for relatively smaller property-backed funding with simple assessment and documentation. Explore property-backed funding options generally ranging from ₹3 Lakh to ₹20 Lakh*. The applicable loan amount depends on the selected program, property value, income / repayment capacity, credit profile and lender policy.
What's included
- Longer repayment tenure available under eligible programs
- Different assessment options depending on the property and customer profile
- Higher LTV may be available depending on the applicable scheme and property
- ITR and GST may not be required under certain eligible programs
- Simple documentation
What can the funds be used for?
- Business expansion
- Working capital
- Purchase of stock / inventory
- Business cash flow requirements
- Education
- Medical expenses
- Home renovation
- Other eligible business or personal requirements
Available Micro LAP options
Three programmes, by loan amount. The one that applies to you depends on your property and profile.
- Tenure
- 12 to 60 months
- Indicative rate
- 23% to 24% p.a. reducing*
- Property requirement
- Registered Sale Deed
- Valuation
- Physical valuation may not be required under the applicable program
- Legal
- Property search / document verification as per lender policy
- Mortgage structure
- Negative lien may be considered under the applicable program
- Tenure
- 12 to 84 months
- Indicative rate
- 21% to 22% p.a. reducing*
- Property documents
- Registered Sale Deed / applicable property records such as Namuna 8, 7/12, etc.
- Valuation
- Desktop or technical valuation, as applicable
- Legal
- Title Search Report (TSR) and legal verification
- Mortgage
- Registered Mortgage (RM) or Equitable Mortgage (EM), as applicable
- Tenure
- 12 to 120 months
- Indicative rate
- 19% to 20% p.a. reducing*
- Property documents
- Registered Sale Deed / applicable property records such as Namuna 8, 7/12, etc.
- Valuation
- Physical and technical valuation
- Legal
- Title Search Report (TSR) and legal verification
- Mortgage
- Registered Mortgage (RM) or Equitable Mortgage (EM), as applicable
Do you qualify?
- Salaried individuals
- Self-employed professionals
- Business owners
- Proprietors
- Partners / Directors, subject to lender criteria
- Family or clubbed income may also be considered under certain eligible programs
Fees and other charges
Charges may include the following. The lender confirms what applies to you.
Login fee
May be charged by the lender
Processing fee
May be charged by the lender
Legal charges
For the legal check of the property
Technical / valuation charges
For the valuation of the property
Mortgage / documentation charges
May be charged by the lender
Stamp duty and statutory charges
Where applicable
Other charges
Other applicable lender charges
Our service fee
For this facility we charge a service fee for taking your file from lender shortlist to disbursal. It covers comparing lenders for you, preparing and checking your documents, answering the lender's queries and following up until the money reaches you. We tell you the amount in writing before you go ahead, so you know exactly what you are paying and nothing comes as a surprise.
The complete applicable charges should be communicated to you before you proceed with the loan application.
Why Growth Capital Services
One conversation, many lenders to compare.
Every property and customer profile can be different. Our team reviews your funding requirement, income profile, property details, existing obligations and credit profile to help you explore suitable Micro LAP options available through our network of Banks & NBFCs.
Important note: The above information is indicative and based on available product parameters. Loan amount, interest rate, tenure, LTV, documentation, fees, legal / technical requirements and approval are subject to the applicant's profile, property assessment, credit assessment and the respective lender's prevailing policy. Availability without ITR / GST applies only to eligible programs and is not guaranteed.
Run the numbers
Calculators for your Micro Loan Against Property
Try your own figures before you apply — nothing is saved or sent.
Step-by-step guide
Micro Loan Against Property process, step by step.
A micro loan against property depends on your property and profile. Here is how we get you from need to funds.
- 1
Tell us your requirement
Share how much you need, what for, and details of your property.
- 2
Review property and profile
We look at the property papers, your income and your existing loans to see which program may suit you.
- 3
Choose a lender and program
We compare lenders and the loan-amount band that fits you, with their charges.
- 4
Legal and valuation checks
The lender carries out its legal and technical checks, which differ by program.
- 5
Sanction and funds
After sanction and mortgage formalities, the loan is disbursed.
With GCS, your expert looks at your profile, matches it with suitable lenders, and coordinates with the banks for you. That means less confusion and more confidence when you apply.
Worth Comparing
The rest of Property Finance
So you can weigh Micro Loan Against Property against everything else we arrange in this category before deciding.
Still deciding on Micro Loan Against Property? Ask us directly.
Call +91 88280 01700 · Monday to Saturday · 10:00 AM – 6:00 PM