5 Advantages of LAP (Loan Against Property)
A loan against property or LAP is a loan sanctioned against property as collateral. The loan amount is decided by the lender depending upon the market value of the property, and generally falls around 70% of the value of the property. It comes under the category of secured loans, thus serves many benefits, and can easily be availed by both individuals and businesses to address essential life goals such as higher education, marriage, construction of a house, business expansion, product development, and so on.
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