A Loan Against Property (LAP), also known as a mortgage loan or property-backed loan, is a type of secured loan where an individual or business borrows money from a financial institution, such as a bank or a non-banking financial company (NBFC), by pledging a property they own as collateral. The amount you borrow depends on the property’s value and your repayment capacity. If you not able to repay the loan, the lender can take ownership of your property. It’s essential to carefully consider the terms and condition before taking such a loan.
Loan Against Property in Delhi NCR offer borrowers a way to access a substantial amount of funds by leveraging their’s property’s value. It is often used for substantial expenses like business expansion, education,