B - 146 Jai Ganesh Vision Akurdi
Pune - 411035
Loan against Property (LAP), also known as a mortgage loan, enables consumers to raise funds by leveraging their residential, commercial, or industrial properties. LAP, like unsecured personal loans, can be used for personal and business purposes other than speculation. Banks and HFCs offer loans against property with low interest rates and terms of up to 20 years. Depending on the lender and the borrowers' credit profile, the loan amount for LAP can reach 70% of the property's market value. Many lenders also provide the Lease Rental Discounting (LRD) service, which allows customers to obtain a loan by pledging their tenants' rental receipts.