Finance Against Property

Finance Against Property (LAP) is a type of secured loan offered by banks and financial institutions, allowing individuals or businesses to borrow funds by pledging their residential or commercial property as collateral. The property remains in the borrower’s name while the lender holds its title until the loan is repaid. This loan can be used for various purposes like business expansion, education, medical expenses, or debt consolidation. LAP usually offers higher loan amounts, lower interest rates, and flexible repayment tenures compared to unsecured loans.