Call :+918424801508 Chat on WhatsApp A Loan Against Property (LAP) is a secured loan where you mortgage a residential, commercial, or certain other eligible property to a bank or financial institution and receive funds against its value. Unlike a home loan, which is generally taken specifically to purchase or construct a property, a Loan Against Property can be used for a variety of legitimate financial needs, such as business expansion, working capital, education, medical expenses, debt consolidation, or other personal and business requirements, subject to the lender's policy. What Is a Loan Against Property? Loan Against Property, commonly known as LAP , is a secured financing facility. The borrower offers an existing property as collateral to the lender. The lender evaluates factors such as: Property market and realizable value Location of the property Type of property Borrower's income Existing financial obligations Credit history Repayment ca...