LOAN AGAINST PROPERTY

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Loan Against Property (LAP)

Loan Against Property (LAP) allows individuals to leverage their property assets, whether residential or commercial, as collateral to obtain funds from financial institutions. With typically lower interest rates compared to unsecured loans, LAP offers substantial borrowing amounts for various purposes like business expansion, debt consolidation, or personal expenses. However, failure to repay the loan may lead to the risk of losing the pledged property. LAP provides a flexible financing option for individuals looking to unlock the value of their property without having to sell it.