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Loan Against Property (LAP) Kya Hai? — Matlab, Definition & Example
Definition
LAP mein aap apni residential ya commercial property pledge karke loan lete ho. Property value ka 50-70% mil sakta hai, personal loan se sasta hota hai.
💡 Real Example
Pledging your ₹1 crore apartment, you can get up to ₹60-70 lakh LAP at 9% for 15 years, much cheaper than a 14% personal loan.
🇬🇧 English Mein (Loan Against Property (LAP))
LAP is a secured loan where you pledge your residential or commercial property as collateral. You can borrow 50-70% of the property's market value at lower interest rates than personal loans (8-12%). Tenure can be up to 15-20 years.
❓ Common Questions
Loan Against Property (LAP) kya hai simple words mein?
LAP mein aap apni residential ya commercial property pledge karke loan lete ho. Property value ka 50-70% mil sakta hai, personal loan se sasta hota hai.
Loan Against Property (LAP) ka ek example do?
Pledging your ₹1 crore apartment, you can get up to ₹60-70 lakh LAP at 9% for 15 years, much cheaper than a 14% personal loan.
Loan Against Property (LAP) ko English mein kya kehte hain?
English mein ise Loan Against Property (LAP) kehte hain. LAP is a secured loan where you pledge your residential or commercial property as collateral. You can borrow 50-70% of the property's market value at lower interest rates than personal loans (8-12%).