Unlock the Power of Your Property – The Complete Guide to Loan Against Property
In today’s world, where financial needs arise unexpectedly — from funding a business expansion to paying for higher education — having access to large funds at affordable rates is invaluable. One of the most reliable solutions for such needs is a loan against property . This financial product allows you to unlock the hidden potential of your real estate and use it as collateral to secure a significant loan amount, all while retaining ownership of your asset. Understanding how a loan against property works and how the loan against property (LAP) is a secured loan that lets you borrow money by pledging your owned property — whether residential, commercial, or industrial — as collateral. The property remains in your name, but the lender holds the right to sell it only if you default on repayments. In most cases, lenders offer 60–80% of the property’s market value as the loan amount, depending on your income, credit profile, and valuation. Unlike personal loans, which are unsecured...