LOAN AGAINST PROPERTY (LAP) A loan against property (LAP) i.e. Loan against the…
LOAN AGAINST PROPERTY (LAP)
A loan against property (LAP) i.e. Loan against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 60% to 80% depend upon Property is what kind of nature. Further, nature of property means residential property, commercial property or agricultural property and available % of value of property would be also depend upon whether property is constructed or only land etc..
Type of Loan against property:
LOAN FOR COMMERCIAL PROPERTY: – Loan for purchase/ construction of commercial property in approved areas. This includes loans for office space, shops.
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