A Loan Against Property (LAP) is a secured loan that is sanctioned keeping your owned asset as mortgage with the lender. This asset can be either your owned house, or your any other commercial premise. The asset remains as collateral with the lender until the entire loan against property amount is repaid. Banks & NBFC’s provide LAP for Salaried as well as Self-Employed individuals. Interest rate and loan amount differs & depends on work profile, qualification & income / employer profile / nature of business / vintage of business / property type & valuation / annual income & profitability of the business / cash flow.

LAP Loans ( residential / commercial ) can be availed for multiple purposes like : Home Renovation / Personal Emergency / Marriage / Dream Vacation / Business Expansion / Debt Consolidation / Pay own contribution to purchase another asset. This segment is useful to raise money in easiest way for above requirements.