Loan Against Property Documents Required: What You Need to Know

Rameshkumar0128 Nov, 2024Finance

A loan against property (LAP) is a flexible financial solution that allows owners to leverage their assets for personal or business needs. Unlike other types of loans, a LAP involves pledging property as collateral to avail funds. To ensure a smooth application process, you must be prepared with the necessary documents. In this article, we’ll discuss the essential documents required and explain key aspects such as the meaning of LAP and mortgage loan eligibility.