Loan Against Property (LAP) is favourable to both individuals and businesses. The eligibility depends on the property offered as collateral, which falls into three categories: residential, commercial, and industrial. Residential properties like homes and apartments are stable collateral. Commercial properties such as offices and retail spaces are valued based on location and rental income. Industrial properties, including manufacturing units and warehouses, are valued for their utility and infrastructure. LAP offers opportunities for diverse financial needs, from education to business expansion, leveraging the value of owned properties for necessary financing.
Loan Against Property (LAP) offers individuals and businesses a popular financing avenue, leveraging various property types as collateral
Residential properties, including homes and apartments, present stable market value and high demand, making them attractive collateral for LAP
Commercial properties like offices and retail spaces provide opportunities for businesses to secure LAP, based on factors such as location and rental income potential
Industrial properties, such as manufacturing units and warehouses, offer potential for expansion and operational investment through LAP
LAP facilitates financial flexibility for diverse needs like education expenses, business expansion, or debt consolidation, leveraging the value of owned properties
Regardless of property type, LAP empowers individuals and businesses to access financing and unlock the potential of their real estate assets in India