Capri Global Plot and Land Loans

Capri Global Plot Loan Interest Rates

Below are the Capri Global land loan interest rates:

Capri Global Plot Loan Fees and Charges

Below are the fees and charges of the Capri Global housing loan for plot:

Capri Global Plot loan Eligibility Criteria for Salaried

Salaried candidates must follow the below-mentioned criteria to be eligible for the Capri Global land purchase loan:

• Must be an Indian resident.
• The minimum age at the time of loan application is 21; the maximum age at loan maturity is 65.
• Applicant must be a salaried individual.
• A good credit score is likely required, as it influences interest rates and loan approval.
• Employment with a reputable organisation may be considered to assess job stability and income reliability.
• Consistent income, evidenced by recent salary slips and employment history.

Capri Global Plot loan Eligibility Criteria for Self-Employed

For self-employed individuals seeking Capri Global home loans for land purchase, the eligibility criteria are as follows:

• Must be an Indian resident.
• The minimum age at the time of loan application is 21. The maximum loan maturity age is 65.
• Must be a self-employed professional or non-professional with a steady source of income.
• The business should be established and operational sufficiently, as evidenced by financial documents from the past few years.
• Latest copies of Income Tax Returns with computation for at least the last one or two years, along with Profit & Loss statements and Balance Sheets.
• A strong credit score is essential as it significantly affects loan terms, including interest rates and approval chances.
• Recent banking statements (last 6 months) of all operational accounts to demonstrate financial activity and health.

Capri Global Plot Loan Documents Required for Salaried

Here are the documents required for plot loan Capri Global:

• • Application Form: Fully filled and signed by the applicant.
  • Photos: Recent passport-sized photographs of all applicants.
  • Identity Proof: Passport, PAN card, Aadhar card, or any other government-issued ID.
  • Address Proof: Utility bills, Aadhar card, or any other official document listing your current address.
  • Age Proof: Birth certificate, PAN card, or any other valid document.
  • Latest Salary Slips: For the last 2-3 months to verify current earnings.
  • Form 16: Issued by the employer for the latest fiscal year.
  • Employment Proof: Employment certificate or ID card issued by the current employer.
  • Bank Statements: For the last 6 months, bank statements from all operating accounts showed salary credits.

• Copy of the Plot’s Title Documents

• • No Encumbrance Certificate: To ensure no pending legal dues on the plot.
  • Allotment Letter or Sale Agreement: Document detailing the sale agreement between the buyer and seller.
• Credit Report
• Property Tax Receipt
• Plan of the Plot: Approved by the local municipal authority.

Capri Global Plot loan Documents Required for Self-Employed

For self-employed individuals applying for a plot loan with Capri Housing Finance, the following documents are required:

• Completed application form
• Passport-sized photographs of all applicants
• KYC Documents (Identity proof and Address Proof) for all applicants
• Age proof of all applicants
• PAN card copy of all applicants
• Aadhar card copy of all applicants
• Latest Copies of Income Tax Returns (ITR) with Computation for the last 1 or 2 years
• Profit & Loss Account and Balance Sheet for the last 2 years, along with all schedules
• Audit Report and Form 3 CB / 3CD for the last 2 years
• The latest 6 months’ bank statements for all operating accounts, including Savings, Current, OD/CC accounts
• All relevant agreements, title deeds, and approved plans for the plot
• Share Certificates, Allotment letter, or Possession letter, as applicable
• Payment receipts or Demand Letters
• House tax receipt or Mutation order, if applicable
• Sanction Letter, Foreclosure Statement, List of Documents, or Loan Statement of the last 12 months (for Balance Transfer Loan, if applicable)
• Rent agreement or bank statement showing rent credit (if applicable)
• Proof of investments, such as Fixed Deposit receipts or Mutual Fund statements
• Agricultural land ownership proof (if applicable)

Features of Capri Global Plot Loans

Some of the key features of Capri Global Plot Loans include:

• Purpose of the loan: Capri Global offers loans to customers who want to buy a plot. This loan type is similar to a home loan for a completed home or new construction.
• Loan Amount: The amount customers want to borrow from the bank depends on the value of the plot. Capri Global offers plot loans starting from Rs 2 Lakh to Rs 50 Lakh.
• Loan Tenure: Customers can take Capri Global home loan for land purchase for up to 20 years. 
• Interest Rates: Capri Global offers competitive interest rates to customers. They offer both floating and fixed rates. Capri Global’s interest rates for plot loans go up to 24%.

Things to Remember While Applying for a Capri Global Plot Loan

There are a few that need to be taken into consideration before applying for a Capri Global Plot Loan:

• Legality of the land: It is important to ensure the plot’s legal status is clear. The borrower should verify land ownership records, permissions and any outstanding dues. 
• Financial Health: It is crucial to check a borrower’s credit score before applying for a loan. If the score does not meet the eligibility criteria, the borrower should improve it.
• Documentation: It is important to gather all necessary documents, such as ID proof, income proof, and property papers, well in advance.
• Hidden Charges: Be aware of any hidden charges associated with the loan, like processing fees, prepayment penalties, etc.
• Affordability: Calculate the total loan amount considering the loan amount, interest rate, and tenure to ensure it fits your budget.