Services Details
Salaried Loan
A Loan Against Property (LAP) is a type of secured loan where you use your property as collateral to borrow funds. This could be commercial property, residential property, or land. For businesses, LAP is an option to raise capital without giving up equity or control.
Types of Properties Accepted
Service benefits
- Secured Loan: As it is secured by property, the loan amounts and tenures are generally higher and longer compared to unsecured loans.
- Loan Amount: The loan amount you can borrow is generally a percentage of the property's market value. This can range from 40% to 80%, depending on the lender, property type, and condition.
- Flexible Usage: Businesses can use the funds for various purposes, like expanding operations, managing cash flow, funding new projects, or refinancing high-interest debt.
