What is Loan Against Property? A Loan against property or LAP is a loan given by the lender to the borrower against the property mortgaged.
Unlike the unsecured loan, the loan against property involves a security that is the property, which the borrower can mortgage in case the loan is not repaid by the borrower. Hence, it is a type of mortgage loan. In such loans, the market value of the property is calculated and the loan furnished is a certain percentage of the market value of the loan.
Kanakkupillai.com, the web portal of Govche India Private Limited is a virtual accountant firm. With a group of dedicated, research-oriented and skilled professionals uniquely positioned to help individuals and business owners fulfil their financial and legal advisory since 2007. In both established and emerging markets, we have rendering quality services from planning to set up the business by fulfilling all legal and regulatory requirements. WE - A team of highly skilled and dedicated professionals of Business Analysts, Company Secretaries, Corporate Lawyers, Chartered Accountants and Financial Professionals offers multi-disciplinary legal, financial and business advisory services. Our main objective is to help the entrepreneur on the legal and regulatory requirements, offering support and legal advice at every stage from launching to establishing their business. We work with some of the top respected and well-established entities, as well as start-up visionaries. Our Specialized team conceive in rendering help and advice to our clients in a wide range of legal and regulatory issues and to protect their business interests and well-being.
Nature of Business Manufacturer / Exporter / Service Provider / Supplier / Retailer
Year of Establishment2012
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