In the realty and housing finance market these days, we tend to often bump into the term “Home Loan Against Property”. Loan against property is nothing however a loan that you avail by keeping your commercial/residential property as a collateral. Another name for Loan against property may be a secured loan. the safety during this reasonably loan is that the property in hand by the person applying for the loan. the worth of your property decides the number of potential loan you may be sanctioned.

The categories of Property against that LAP will be availed:

Self-owned residential property

Self-owned and self-occupied residential property

Self-owned however rented residential property

Self-owned piece of land

Self-owned business property

Self-owned however rented business property