Loan Against Property

What Is Loan Against Property?

A Loan Against Property (LAP) offers a flexible and often larger financing option by leveraging the value of your existing residential or commercial property. This type of loan allows you to unlock the equity tied up in your property without selling it. You can use the funds for various purposes, such as business expansion, education, medical emergencies, or even consolidating existing debts. The loan amount is typically a percentage of the property’s market value, and the repayment tenure is usually longer compared to personal loans, offering more manageable EMIs. With competitive interest rates and the security of your property, a Loan Against Property can be a strategic financial tool to meet your significant financial needs.

Benefits of Loan Against Property.

• Significant Loan Amount.
• Lower Interest Rates.
• Longer Repayment Tenure.
• Retained Ownership.
• Tax Benefits.
• Easy Availability.
• No End-Use Restriction.