Leveraging Your Property: Essential Documentation for a Loan Against Property
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Loan Against Property (LAP) or mortgage loans are secured loans that help you with a high loan amount (depending on the value of your collateral), flexible loan tenures, and low-interest rates. The best feature of LAP loans is that the amount comes with unrestricted usage. This makes these loans similar to personal loans; however, you need residential or commercial property as collateral before you apply for a loan against property.