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A loan against property or LAP loan is a secured form of advances. It is a collateralized loan offered against an asset, typically a house. Loan against property is a type of secured loan. Availing loans by pledging your property as a security or collateral with a lender is called mortgaging or loan against property. In Lap loan a person can mortgage his or her commercial or residential property or even though a plot.

Read more at https://www.bajajfinserv.in/loan-against-property

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