Capri Loans: A Comprehensive Guide to Personal, Business, and Home Loans

Capri Loans is a leading non-banking financial company (NBFC) in India that offers various types of loans to individuals and businesses. Whether you need funds for personal expenses, business expansion, or home purchase, Capri Loans can help you with flexible repayment options, competitive interest rates, and hassle-free documentation. In this article, we will cover everything you need to know about Capri Loans, including:

  • The types of loans offered by Capri Loans
  • The eligibility criteria and documents required for each loan
  • The interest rates and charges applicable for each loan
  • The benefits and features of choosing Capri Loans
  • The frequently asked questions (FAQs) about Capri Loans

Types of Loans Offered by Capri Loans

Capri Loans offers three main types of loans: personal loan, business loan, and home loan. Let’s take a look at each of them in detail.

Personal Loan

A personal loan is an unsecured loan that you can use for any personal purpose, such as medical emergencies, wedding expenses, travel costs, debt consolidation, or home renovation. You can borrow up to Rs. 25 lakh from Capri Loans with a repayment tenure of up to 60 months. Some of the key features of Capri personal loan are:

  • No collateral or guarantor required
  • Minimal documentation and quick approval
  • Flexible repayment options with prepayment facility
  • Online application and tracking facility
  • Attractive interest rates starting from 10.99% p.a.

Business Loan

A business loan is a secured loan that you can use for your business needs, such as working capital, inventory purchase, machinery upgrade, or expansion. You can borrow up to Rs. 5 crore from Capri Loans with a repayment tenure of up to 180 months. You need to pledge your property as collateral for this loan. Some of the key features of Capri business loan are:

  • High loan amount and long repayment tenure
  • Competitive interest rates starting from 9.99% p.a.
  • Customized loan solutions based on your business profile and cash flow
  • Easy balance transfer facility from other lenders
  • Dedicated relationship manager and customer support

Home Loan

A home loan is a secured loan that you can use for buying or constructing your dream home. You can also use it for refinancing your existing home loan from another lender. You can borrow up to Rs. 50 lakh from Capri Loans with a repayment tenure of up to 25 years. You need to mortgage your property as security for this loan. Some of the key features of Capri home loan are:

  • Low interest rates starting from 7.99% p.a.
  • Pradhan Mantri Awas Yojana (PMAY) subsidy benefit for eligible borrowers
  • Flexible repayment options with prepayment and part-payment facility
  • Doorstep service and online application facility
  • Hassle-free documentation and processing

Eligibility Criteria and Documents Required for Capri Loans

The eligibility criteria and documents required for Capri Loans vary depending on the type of loan, the loan amount, and the borrower’s profile. However, some of the common factors that affect your eligibility are:

  • Your age: You should be at least 21 years old and not more than 65 years old at the time of loan maturity.
  • Your income: You should have a stable source of income, either from salary or business/profession.
  • Your credit score: You should have a good credit history and score, preferably above 650.
  • Your property value: You should have a clear title and marketable value of the property that you are pledging as collateral.

The documents required for Capri Loans also vary depending on the type of loan, but some of the common documents that you need to submit are:

  • Identity proof: Aadhaar card, PAN card, passport, voter ID card, driving license, etc.
  • Address proof: Aadhaar card, passport, voter ID card, driving license, utility bills, rent agreement, etc.
  • Income proof: Salary slips, bank statements, income tax returns, audited financial statements, etc.
  • Property proof: Sale deed, agreement to sell, title deed, Khata certificate, tax receipts, valuation report, etc.

You can check the exact eligibility criteria and documents required for each type of loan on the official website of Capri Loans or by contacting their customer care.

Interest Rates and Charges Applicable for Capri Loans

The interest rates and charges applicable for Capri Loans depend on various factors such as the type of loan, the loan amount, the repayment tenure, the borrower’s profile, the property value, and the prevailing market conditions. However, some of the indicative interest rates and charges for each type of loan are given below:

Type of LoanInterest Rate (p.a.)Processing FeePrepayment Charges
Personal Loan10.99% – 24.00%Up to 2.5% of the loan amountNil
Business Loan9.99% – 18.00%Up to 2% of the loan amount4% of the outstanding principal
Home Loan7.99% – 16.75%Up to 1% of the loan amountNil

Apart from these, you may also have to pay other charges such as GST, stamp duty, legal fees, valuation fees, foreclosure charges, late payment charges, cheque bounce charges, etc. You can get the exact interest rates and charges for your loan by applying online or by contacting Capri Loans.

Benefits and Features of Choosing Capri Loans

Capri Loans is one of the top NBFCs in India that offers a wide range of loan products to suit your diverse needs. By choosing Capri Loans, you can enjoy the following benefits and features:

  • High loan amount: You can borrow up to Rs. 50 lakh for personal loan, up to Rs. 5 crore for business loan, and up to Rs. 50 lakh for home loan from Capri Loans.
  • Long repayment tenure: You can repay your loan over a period of up to 60 months for personal loan, up to 180 months for business loan, and up to 25 years for home loan from Capri Loans.
  • Low interest rates: You can avail competitive interest rates starting from 7.99% p.a. for home loan, 9.99% p.a. for business loan, and 10.99% p.a. for personal loan from Capri Loans.
  • Flexible repayment options: You can choose from various repayment options such as equated monthly installments (EMIs), bullet payments, step-up or step-down payments, etc. You can also prepay or part-pay your loan without any penalty for personal and home loans.
  • Easy documentation and approval: You can apply for Capri Loans online or offline with minimal documentation and quick approval process. You can also track your loan status online or through SMS alerts.
  • Customer service and support: You can get dedicated customer service and support from Capri Loans through their toll-free number, email, or chat. You can also visit their branches or request a doorstep service.

Frequently Asked Questions (FAQs) About Capri Loans

Here are some of the frequently asked questions (FAQs) about Capri Loans that you may find helpful:

Q: How can I apply for Capri Loans?

A: You can apply for Capri Loans online or offline. To apply online, you need to visit the official website of Capri Loans and fill up the application form with your personal and financial details. You also need to upload the required documents and submit the form. To apply offline, you need to visit the nearest branch of Capri Loans and submit the physical copies of the application form and documents.

Q: How can I check my Capri Loan status?

A: You can check your Capri Loan status online or offline. To check online, you need to log in to your account on the official website of Capri Loans and click on the ‘Track Application’ option. You can also check your status through SMS alerts by sending ‘CAPRILOAN <Application Number>’ to 56767. To check offline, you need to call the customer care number of Capri Loans or visit their branch.

Q: How can I repay my Capri Loan?

A: You can repay your Capri Loan through various modes such as electronic clearing service (ECS), post-dated cheques (PDCs), direct debit mandate (DDM), online transfer, cash deposit, etc.

Q: How can I contact Capri Loans?

A: You can contact Capri Loans through their toll-free number 1800-102-1021 or email customercare@capriloans.in. You can also chat with them on their website or visit their branch.

Q: What are the benefits of transferring my existing loan to Capri Loans?

A: If you have an existing loan from another lender, you can transfer it to Capri Loans and enjoy lower interest rates, higher loan amount, longer repayment tenure, and better customer service. You can also avail additional top-up loans from Capri Loans if you need more funds.

I hope this article has given you a clear idea about Capri Loans and how they can help you with your personal, business, and home loan needs. If you have any queries or feedback, please feel free to comment below or contact me directly. Thank you for reading!

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