What is a Loan Against Property?

A Loan Against Property (LAP) is a secured loan that is sanctioned against an asset pledged as collateral. This asset can be owned land, residential property, or any other commercial property.

The asset remains with the lender (Bank/NBFC) as collateral until the entire loan amount is repaid.

Benefits of Loan Against Property

• ✔️ Lower rate of interest starting from 9.45% p.a.
• ✔️ Tenure of up to 15 years for easy repayment
• ✔️ Lower charges and quick processing
• ✔️ Manage large expenses with ease
• ✔️ Sanction amount up to 75% of market value

Note: ROI and eligibility vary across banks/NBFCs based on financials.