Loan Against Property

Loan Against Property is a secured loan product that can be useful for both salaried individuals as well as businesses. The loan gets sanctioned once you mortgage your residential or commercial property. The bank approves the credit amount, which is equivalent to the current value of the property. As a loan buyer, you can mortgage a property that is self-occupied, rented or any piece of land owned by you. However, you need to make sure that the title of the property is clear.

Purpose of LAP:

To fund medical emergency
To fund the wedding event of your child
To fund the much-awaited vacation
To expand your business
To fund your child’s education