A Loan Against Property (LAP) is a type of loan where you use your property—such as a residential, commercial, or industrial property—as collateral to borrow funds. This loan provides a substantial amount of money, typically of the property’s market value, and is used for various purposes like personal needs, business expansion, or debt consolidation and support every step of the way. Unlock the potential of your property with Sampan today!.
If the borrower defaults, the lender has the right to claim the property to recover the outstanding debt. This arrangement is beneficial for obtaining larger amounts of credit at more favorable terms, but it carries the risk of losing the property if repayment obligations are not met.
A Loan Against Property (LAP) is a financial product where you use your property—be it residential, commercial, or industrial—as collateral to borrow funds.
Property Ownership & Income Proof & Credit Score & Documentation & Property Valuation
Loan Against Your Property involves using your property—be it residential, commercial, or industrial—as collateral to obtain a loan.