A loan against property (LAP) is exactly what the name implies a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 40 per cent to 60 per cent.
Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security whether it’s a home/Commercial Property/Land/Godown/Warehouse.
Why Loan Against Property
- Expanding your Business
- Getting your son/daughter married
- Sending your son/daughter for higher studies abroad
- Funding your dream vacation
- Funding medical treatments
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