Top 5 Benefits of Loan Against Property (LAP)

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BENEFITS OF LOAN AGAINST PROPERTY
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LOWER INTEREST RATES
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Loans against property typically offer lower
interest rates compared to unsecured
loans. Secured nature of the loan reduces the
risk for lenders. Borrowers can save
significantly on interest payments.
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HIGH LOAN AMOUNT
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Property value allows borrowers to access larger
loan amounts. Useful for substantial financial
requirements such as business expansion or large
personal expenses. The loan amount can go up to
a significant percentage of the property's
market value.
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LONGER REPAYMENT TENURE
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Loans against property come with extended
repayment periods. Borrowers can choose tenures
that suit their repayment capacity. Longer
tenure results in smaller, more manageable EMIs.
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MULTI-PURPOSE USE
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The loan can be used for a variety of purposes
including business, education, or personal
needs. No restrictions on the end-use of the
loan amount. Ideal for consolidating debts or
funding large expenditures.
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RETAIN OWNERSHIP OF PROPERTY
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Borrowers continue to own and use the property
while repaying the loan. Property remains an
asset and can appreciate in value over
time. Ownership is retained, providing a sense
of security and stability.
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