Capri Loans 5.6.9

Capri Loans - Affiliated with Capri Global Capital Limited

A Review of Capri Loans: A Mobile Solution for Secured Lending

Capri Loans positions itself as a mobile platform for securing loans in India, providing users with an online experience focused on efficiency and transparency. The app facilitates Gold Loans, Home Loans, and MSME Loans, featuring real-time tracking capabilities and a range of payment options.

Features of Capri Loans:

• Online Convenience: The app allows users to apply for loans and monitor their application status in real time. Payments can be made securely through multiple gateways, with access to detailed loan history and documentation available at any time.
• Data Security & Transparency: With VAPT certification, the app promises a high level of data privacy. Loan agreements and terms are presented in a user-friendly format, promoting transparency.
• Customer Support: Users can receive prompt assistance through real-time service requests or by contacting the support hotline. Online resources are also available for further inquiries.

Gold Loan:

• The facility allows individuals to leverage their gold assets for financial needs while maintaining security over their belongings.
• Loan information can be accessed on-demand, ensuring users stay informed.
• An array of payment options is available for seamless repayments.
• Documentation is clear and straightforward, focusing on key terms relevant to customers.
• Loan Tenure & Rates:
• • Minimum Tenure: 12 Months
  • Maximum Tenure: 24 Months
  • Minimum APR: 11%*
  • Maximum APR: 30.20%*
• Representative Example: For a principal amount of Rs. 1,00,000 at an 18% APR for 12 months, the monthly interest would be Rs. 1,500, totaling Rs. 1,01,500 payable in the final month.

Home Loan:

• This service caters to individuals looking to finance their homes, emphasizing long-term stability and comfort.
• The app provides real-time updates on loan status and history from day one.
• Flexible Options Include:
• • Loan Amount: Up to 5 Cr
  • Repayment Period: 1 – 25 Years
  • Rate of Interest: Up to 24%
  • DHAC Fees: Up to 2.5%
• Representative Example: For a home loan of Rs. 1,00,00,000 at 12.50% per annum over 20 years, the total amount payable would be Rs. 113,614 including processing fees and other charges (final APR of 13.40%).

MSME Loan:

• This segment aims to support small businesses and entrepreneurs with tailored financing options.
• User management of all loan accounts under one interface enhances efficiency.
• Flexible Financing Options Include:
• • Loan Amount: Up to 5 Cr
  • Repayment Period: 1 – 15 Years
  • Rate of Interest: Up to 26%
  • Processing Fees: Up to 2.5%
• Representative Example: For a loan of Rs. 1,00,00,000 at an interest rate of 15.50% per annum over ten years, the total repayment would amount to Rs. 164,411 including fees (final APR of 17%).

Please Note:

The Capri Loans platform specializes exclusively in secured loans and does not offer personal or unsecured loans.

The app provides a user-friendly approach for managing financial needs through secured lending tailored to different customer segments.