Micro LAP (Small Ticket Loan Against Property)
Small-ticket property loans for local businesses — assessed on your real cash flows.
Overview
Micro LAP is built for kirana owners, traders, workshop owners and service providers in Tier 2 and Tier 3 towns who run sound businesses but may not file ITRs. Our officers visit you and assess your income from the business itself.
How We Assess Cash Flow
Field visit, bank statements, supplier and customer references — a fair view of what your business earns.
Local Branch Callback
Request a call and an officer from your nearest branch will visit you.
Features & Benefits
- Small-ticket loans
- ITR not mandatory
- Self-occupied residential property accepted
- Doorstep assessment
- Flexible tenures
- Quick decision
Eligibility Norms
- Self-employed individuals and micro-enterprises
- Age 21 to 70 years at loan maturity
- Self-owned residential or commercial property
Documents Required
KYC Documents
- PAN card of applicant and co-applicants
- Aadhaar / voter ID / passport
- Business address proof
Income Documents
- Last 12 months' bank statements
- ITR / GST returns (if available)
- Business registration or Udyam certificate
Property Documents
- Title deed / sale deed and chain documents
- Approved building plan
- Latest property tax receipt and society NOC (if applicable)
Apply In Simple Steps
Apply
Share your requirement online, over the phone or at your nearest IndoStar branch.
Property & Cash-Flow Check
We assess your property title and business cash flows — not just your ITR.
Sanction & Disbursal
Sign the agreement and receive funds directly in your bank account.
Interest Rates & Fees
- Interest rates are linked to the property type, loan-to-value and applicant risk profile, as per IndoStar's interest rate policy.
- Processing fees and legal / valuation charges are disclosed upfront in the sanction letter.
- No foreclosure charges on floating-rate loans to individual borrowers for non-business purposes, as per RBI guidelines.
Frequently Asked Questions
Can I get loan against property without ITR?
Yes. For Micro LAP, IndoStar assesses income through field verification and bank statements.
What is the minimum loan amount?
Micro LAP is designed for small-ticket needs; your officer will confirm the amount based on property and cash flows.