Need funds? Now take loan against property at less than 8% interest rate

A loan against residential or commercial property is a secured loan where a borrower pledges his property as collateral.

These days, lending institutions offer multiple options of loans to their customers. One of the attractive options is a loan against property (LAP).

A loan against residential or commercial property is a secured loan where a borrower pledges his property as collateral.

Some people prefer a loan against the property as it comes with no restrictions in terms of usage. Hence, a borrower can use the funds for any requirement, such as getting his children married, funding higher education, expanding his business, paying his debts, etc.

Here are some of the key things you need to remember for a loan against property.

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