Understanding Loan Against Property: An Essential Guide

Sharmaaakriti97809 Apr, 2025Business

A Loan Against Property (LAP), also known as a home loan against property, allows you to unlock the value of your existing by using it as collateral to secure funds for various financial needs. This can include business expansion, education, medical emergencies, or debt consolidation. LAP enables you to mortgage your owned property and avail of a loan based on its market value. As a secured loan, it offers substantial funding with competitive interest rates, making it a flexible financing option for borrowers.