InvestorQ : What is a loan against property (LAP)?
Ashoka Patkar made post

What is a loan against property (LAP)?

Answer
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Swapnil Sarang answered.
2 years ago


A Loan Against Property (LAP) is essentially a loan given by a lender against any property.

The loan can be taken against fully constructed, residential, and commercial properties for varied purposes such as business needs, marriage, medical expenses or any other personal needs