Tag: loans against property

Introduction Loans against property (LAP) are a secured type of lending in which borrowers can use their home or commercial property as collateral to get a loan. This financing option is widely selected since it has lower interest rates than unsecured loans, making it an excellent alternative for business expansion, medical emergencies, or higher education needs. Before applying for a loan against property, be sure you understand the eligibility conditions and terms. Eligibility Criteria for Loans against Property Financial institutions use a variety of elements when determining a borrower's eligibility for loans...