Personal Loan or LAP: Which One is a Better Choice?
Asthaswamy06 Apr, 2022Finance
When applying for a loan, it is imperative you choose the correct type of loan. Read to know more. A Loan against Property (LAP) is a secured loan that can be sanctioned against any of your properties as collateral. The lender keeps your asset until you repay the loan. However, a personal loan is an unsecured loan. Unlike a LAP, which is primarily offered by conventional financial institutions, personal loans are also provided by modern fintech companies as quick loans online.
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