Best Loan Against Property (LAP) is a secured loan where you pledge your property (residential or commercial) as collateral to borrow funds. It offers lower interest rates compared to unsecured loans and allows for higher loan amounts, typically up to 70-80% of the property’s market value. Loan Against Property come with flexible repayment tenures (5-15 years) and are ideal for funding business expansion, education, medical expenses, or debt consolidation. Though the loan is easy to access, it carries the risk of property forfeiture if repayments are missed. It's a good option for those with valuable property but urgent funding needs.
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