Capri Global Plot and Land Loans

Are you thinking of purchasing a plot but don’t know where to get a plot loan? Capri Global plot loans are just what you need. With captivating interest rates, easy-to-meet Capri Global bank plot loan eligibility, and simple-to-gather documents, this plot loan is the perfect opportunity to support your investment. Capri Global plot loan is designed to offer a suitable loan amount to those who want to buy a plot and are looking for funds.  Here, you’ll get detailed insights into plot loans by Capri Global.

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.