Explore the advantages and considerations of loans against property.

Hero Housing Finance Ltd07 Oct, 2024Finance

When you opt for LAP, you use your property to secure the loan amount. If you are unable to make the repayment on the loan, then the lender can take the property that you pledged to him to recover what’s owed on the loan. But this is rather an exception, and the lenders commonly cooperate with the borrowers to come up with the solutions that would help to avoid the necessary actions.