Managing finances effectively is crucial for both individuals and businesses. Whether you need funds for business expansion, education, medical emergencies, or personal investments, a Loan Against Property (LAP) can be a smart financial tool. This type of loan allows you to use your property as collateral and get funds while still retaining ownership. When used wisely, it can help in strategic financial planning.

What is a Loan Against Property? A Loan Against Property is a secured loan where you pledge your residential or commercial property to a bank or financial institution in exchange for a loan. The lender evaluates the property’s market value and offers a loan based on a percentage of this value, usually around 50-75%. The interest rates on LAP are lower than personal loans because the lender has security in the form of your property.