You are looking for funds is the most secured form of availing a loan facility Loan against property. The loan against property is also known as LAP . The borrower is give the security of property against the loan amount . The loan is given as a certain percentage of the property‘s market value, usually around 60% to 80%. This type of loan serves many purpose like business planning , child’s foreign education , marrige , a wedding or funding your. This loan is easily provided by the bank as this is a secured loan. Rate of interest for this loan is also comparatively less than other types of loan. . This type of Loan provided by all kinds of Banks and nbfc.
Loan against property rate of intrest range from 11% to 16%. With the tenure of the loan up to 15 years.
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