Loan Against Loan
Loan Against Loan – Leverage Existing Loans for Instant Funds
A loan against property (LAP) is a secured loan where a borrower uses a residential or commercial property as collateral to obtain funds from a bank or financial institution. The loan amount is usually a percentage of the property’s market value. It can be used for various purposes such as business expansion, education, medical expenses, or debt consolidation. Loan against property offers lower interest rates and longer repayment tenures compared to unsecured loans.
- ✔ Quick access to additional funds using your existing loan
- ✔ Flexible repayment options to manage cash flow
- ✔ Minimal documentation and faster approval process
