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Loan Against Property Mustread

Loan against Property refers to the secured loan category like home loan where the borrower gives a guarantee by using his property as a security. The right of ownership of the property is still with the borrower, and if he/she is unable to repay the loan amount, he/she can sell the property to pay off the debts.

Typically these loans are used to start or expand business or to renovate your house. But it can also be used to repay existing high rate loans.

Also know these pointers before availing a LAP:
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