For loans between ₹10 and ₹50 lakhs, Skywing Capital’s Micro-LAP (Loan Against Property) provides a quick, adaptable, and goal-oriented solution. It is designed for small business owners, store owners, and MSMEs who need structured funding.
What is Micro-LAP?
It allows business owners to access capital ranging from ₹10L to ₹50L by using residential or commercial property as collateral. Ideal for working capital, debt consolidation, or business expansion.
Key Highlights:
- Loan Amount: ₹10 Lakhs to ₹50 Lakhs.
- Tenure: Up to 15 years for manageable EMIs.
- Interest Rates: Competitive rates dependent on credit profile.
- LTV Ratio: Up to 70-75% of market value.
- No ITR Required: Some cases can be approved with indirect income verification.
Advantages vs. Unsecured Loans
Micro-LAP offers significantly lower interest rates and longer repayment terms compared to unsecured business loans, which can reach 36% interest. It helps small businesses grow in a sustainable manner.