What is LAP Loan & How to Apply for It

WHAT IS LAP LOAN & HOW TO APPLY FOR IT?

Loan Against Property

KNOWING THE BASICS

What is LAP Loan?

What is LAP Loan, A LAP or loan against property is a type of secured loan which is provided on the basis of collateral. This type of loan is provided on lower rates due to it's secured nature.

1. Proviede at Lowest Interest Rates

LAP loans generally provide at lowest rates dues to it's secured nature

BENEFITS OF LAP LOAN AGAINST PROEPRTY

3. Long-Term Tenure of Loan Repayment

Due to high principal amount involved, These types of loan against property offered for longer tenure.

3. Continued Use of Property

The most important benefits of loan against your property is that you can continue use the mortgaged property without any restrictions.

UNDERSTAND HOW TO APPLY FOR A LAP LOAN

A COMPLETE ROAD MAP

STEP-BY-STEP PROCEDURES TO APPLY FOR A LAP LOAN

Step 1- Enter your pin code and click Continue.

Step 2- Provide basic information such as your full name and phone number.

Step 3- Choose the type of loan you want to apply for, your net monthly income, your zip code, and the loan amount.

Step 4- To verify your phone number, generate and enter your OTP.

Step 5- Enter additional information such as your property's location, current EMI/monthly commitment, and PAN number.

Step 5- Press the 'SUBMIT' button to complete the application