Loan Against Property

A Loan Against Property (LAP) is a type of secured loan provided by banks and financial institutions against the mortgaging of owned property — residential, commercial, or industrial. The borrower continues to use the property while it is pledged as collateral. LAP is ideal for fulfilling high-value financial requirements such as business expansion, education, medical expenses, or debt consolidation. Due to the security offered, these loans typically come with lower interest rates, higher loan amounts, and longer repayment tenures than unsecured loans. It’s an effective way to unlock the value of your property without selling it.