Loan Against Property (LAP)
These are loans given basically for refinancing of funds used for the purpose of construction/purchase of house. Typically if you have used up your funds for constructing/purchase of a house and you are in financial need currently, these loans are tailor made for you.
LAP has two products, namely, LAP – Construction and LAP – Purchase.
Eligible customers can get a high loan amount up to Rs. 30 lakhs at affordable interest rates.
The customers can select a tenure ranging from 5 to 15 years and repay the loan conveniently.