What is a Loan Against Property (LAP)?
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A Loan Against Property (LAP) is a secured loan where you pledge your property as collateral.
It can be used for personal or business needs like expansion, education, or debt
consolidation. Your property remains with you, but acts as security until the loan is
repaid.
What are the benefits of taking a LAP?
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LAP offers high loan amounts at competitive interest rates, thanks to the secured nature of
the loan. It also comes with flexible tenures and can be used for multiple financial
purposes—ideal for asset-rich individuals and businesses.
Who is eligible to apply for a LAP?
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You must be an Indian citizen aged 21 or above with a stable income—either salaried,
self-employed, or a business owner. A minimum of 2–3 years of income continuity and clear
ownership documents for the pledged property are required.
What types of properties are eligible for LAP?
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Residential, commercial, and industrial properties are generally eligible, as long as they
have a clear legal title and are free from disputes or existing mortgages. For jointly owned
properties, all co-owners must be co-applicants.
What can be used as collateral in a LAP?
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You can pledge self-owned residential homes, apartments, commercial offices, or industrial
units—provided they are free of legal or financial encumbrances and have valid ownership
documents.
Does my credit score affect LAP approval?
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Yes. Your credit score plays a key role in loan approval. A good score improves your chances
of approval and better terms, while a low score could lead to stricter conditions or
rejection.
How does Optimo Capital evaluate LAP applications?
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We take a 360° view—assessing income stability, cash flow, repayment capacity, and financial
behavior through data-backed insights and alternative indicators.
What is the loan application process at Optimo Capital?
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You can apply online, visit an Optimo Capital branch, or contact our support center. Submit
your business details, funding needs, and documents to receive a tailored loan offer.
How long does LAP approval take?
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Loan approvals typically take a few business days after all required documents are submitted
and verified.
What is an In-Principle Sanction?
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An In-Principle Sanction is a provisional loan approval issued based on the initial details
you provide. It means you're eligible for a loan subject to successful verification of your
documents and property.
Will applying for in-principle sanction affect my credit score?
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No. We use soft checks or proxy evaluation tools at this stage, which do not impact your
credit score.
Does an in-principle sanction mean my loan is guaranteed?
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Not yet. An in-principle sanction is a positive indicator, but the final approval depends on
successful verification of your documents, credit history, and property valuation.
What is Optimo Capital's lending philosophy?
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We follow a 'Phygital' model—combining physical touchpoints with digital efficiency to
provide a seamless and personalized lending experience.
Why should I choose Optimo Capital?
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We're committed to customer-first solutions with quick disbursals, flexible repayment
options, and minimal documentation—making funding accessible and hassle-free.
What types of loans does Optimo Capital offer?
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Our portfolio includes Loans Against Property, Business Loans, Working Capital Loans, and
Business Development Loans—tailored to meet a range of financial needs.
Does Optimo Capital offer LAP balance transfer?
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Yes. We offer simple and fast LAP balance transfers at competitive rates to help reduce your
EMI burden or switch to better terms.
Which regions does Optimo Capital serve?
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We currently serve MSMEs across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya
Pradesh.
Can first-time business owners apply for a loan?
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Absolutely. First-time business owners are welcome, as long as they meet the eligibility requirements.
How is Optimo Capital different from traditional banks?
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A We offer quicker approvals, flexible repayment plans, and personalized support—tailored specifically for MSMEs, unlike the rigid processes of traditional banks.
What happens if I miss a repayment?
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Missed payments can affect your credit score and lead to penalties. However, we offer
multiple repayment options—including the Airtel Cash Drop facility for easy EMI payments at
any Airtel outlet.
Are flexible repayment options available?
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Yes. We offer customized repayment schedules based on your business cash flow, helping you
manage your finances more efficiently.
How do I update my contact or business information?
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Just call us at +91 79967 96796 or email us at [email protected] for assistance with
updates.
How can I reach out for loan-related queries?
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You can contact us via our website, email, phone support, or by visiting an Optimo Capital
branch.
Is there a customer support hotline I can call?
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Yes. Reach our dedicated support team at +91 79967 96796 for any help you need.
Can I contact Optimo Capital via email?
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Yes, write to us at [email protected] and our team will assist you promptly.
How do I find the nearest Optimo Capital branch?
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Use the branch locator on our website or contact support for directions.
What should I do if I'm struggling with repayments?
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If you're facing repayment issues, contact our support team immediately to discuss
restructuring or available support options.
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