Listing ID #5464807
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Contact SupplierA LAP is a Secured Finance Provided by a Bank or a Financial Institution against the Mortgage of customer’s asset or Property as collateral to the Bank/ Financial Institution.
Typically the banks and other lending institutions offer loan against residential, commercial and industrial property (Building / Plot)
The Loan amount can be used for Several Personal and Professional needs such as House renovation, Business expansion, Purchase of new Property, For Immediate working Capital in business, Investment in New technology for Business or Acquiring New machinery etc.
A Barrower usually get between 40-70% on LTV (Loan to Property Value) varies from one Bank to another Banks / Financial institution.