A Loan Against Property (LAP) lets you tap into your property's value by using it as collateral to secure funds. With benefits like low-interest rates and flexible repayment options, LAP can be a suitable financial solution. To qualify, lenders typically assess factors like property value, your income and credit score.
The application process involves submitting necessary documents, having your property evaluated, and receiving approval from the lender. Get up to 65% of the value of your property as a loan to fund planned needs – investment in business, home renovation, purchase of property, wedding in the family, children’s education and so on.
