LAP Archive

Unlock Your Property's Value with Loan Against Property
July 30, 2024

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…
How to Get Loan Against Property Without Income Proof?
July 30, 2024

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,…
Complete Details Loan Against Property Balance Transfer
January 05, 2023

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…
Mortgage Loan Tax Benefits under Income Tax Act
January 13, 2022

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…
7 Factors to Consider Before Opting for a Loan Against Property Balance Transfer
January 12, 2022

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…
Key Deciding Factors of Loan Against Property Interest Rate
January 12, 2022

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 vs Personal Loan - What is Better?
January 10, 2022

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…
Simplifying the Details of Loan vs Mortgage
January 10, 2022

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,…