Things You Need to Know Before Applying for a Loan Against Property Source: Things You Need to Know Before Applying for a Loan Against Property (aavas.in) Financial requirements are inherently uncertain and unpredictable, and our aim is to fulfill them promptly. However, there are often gaps between the capital we require and the amount we possess. In such cases, we have the option of obtaining a loan to meet our needs. There are two choices available: a personal loan and a Loan Against Property (LAP). Personal loans typically come with high-interest rates, while loan against property interest rates are comparatively competitive to personal loans. Although we frequently hear the term LAP in the context of credit, its meaning and utilization might be unfamiliar to some. Let's delve into the fundamentals and workings of LAP in the banking industry to gain a better understanding. Q1. What is Loan Against Property? A Loan Against Property (L...
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