A Loan Against Property (LAP) is a secured loan that allows salaried employees to unlock the value o
A Loan Against Property (LAP) is a secured loan that allows salaried employees to unlock the value of their residential or commercial property. By pledging their property as collateral, borrowers can access funds for various needs like education, medical expenses, or business investments. LAP offers competitive interest rates, flexible repayment tenures, and higher loan amounts based on the property's market value. It’s an ideal choice for those seeking long-term financing with manageable EMIs. However, timely repayment is crucial to avoid the risk of losing the pledged property.