LAP Archive

Loan Against Property or a property loan is a financial assistance tool available with an immovable asset or real estate as collateral. This secured loan can be used for myriad reasons instrumental in wedging your financial gaps. Individuals often rely on their bank savings to meet different financial needs, but…

A balance transfer is a facility that allows a customer to switch their lender for an improved or lower interest rate and services. Consequently, the new bank will be liable to pay the outstanding loan amount to the previous bank and take over the customer's credit facility. This special provision…

When you pledge your residential or commercial property as collateral to the lender and borrow a specific amount in return, it is known as a loan against property or LAP. Simply put, it is a loan you avail on your property or on a plot. You need to ensure, though,…

A Loan Against Property is a secured advance amount that users get against their mortgaged commercial or residential property. This amount of funds is not restricted to being used for a certain purpose but can be used for any requirements including daily expenses. Such loans can be extended to tenor, which…

A loan against property at higher interest rates can drain you mentally. But, what if we say you can diminish the burden of your interest rates against such a loan?A loan against property balance transfer allows you to transfer the existing loan to another lender and avail of the benefits…

One of the most secure ways of lending is Loan Against Property (LAP). It provides an affordable funding key for a number of expenses. This secure loan method allows the borrower to keep their immovable property as collateral for lending the money. Here, if the borrower is unable to pay…

Loan against property and personal loans are two of the most common options facilitating credit options that come from two totally different categories - secured and unsecured loans. While both have certain boons and banes, one cannot apply for one of them without ensuring the alignment between their offerings and…

The lending industry uses the word mortgage and loan on an alternate basis. Even though they are used all the time, there is still a difference between mortgage and loan. A loan refers to the amount that the person borrows from a financial institution for meeting their monetary needs. In contrast,…