
Loan Against Property – Dos & Don’ts You Must Know
A loan against property or LAP is a low-cost means to make sure the funds are made available when required. This loan is secured in nature i.e., you require mortgaging your property to avail the loan. As you entrust your asset to the financial institution, you must practice caution with such kind of loan option.
Typically, loan against property is used for business reasons by professionals, self-employed, and entrepreneurs. Banks even offer a loan against property like Axis bank, SBI loan against property, HDFC bank, Citibank loan against property, etc. Also, NBFCs or non-banking financial companies even offer a loan against property with property’s backing.
Shop Around For The Loan Value And Better Loan Against Property Rate Of Interest –
This is one of the most crucial parameters...