Loan Against Property (LAP)

A loan against property(LAP) is a secured loan that is sanctioned against the asset pledged as collateral. This asset can either be an owned land, a house, or any other commercial premises. The asset remains as collateral with the lender until the entire loan against property amount is repaid.

It can be availed by both salaried and self-employed persons for their Personal and Business Needs (other than for speculative purposes) like marriage, medical expenses and child’s education etc.

It is better than availing personal loan and the evaluation and documentation process is quick and simple.