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Loan against property

A loan against property (LAP) is a secured loan that is sanctioned keeping an asset as a mortgage with the lender. The property mortgaged can be a personal land, a house, or any other commercial property. The lender holds the property as collateral until the entire loan amount is cleared. As a secured loan, LAP …

Personal Line Of Credit

Even if you have been smart and sensible and made your savings for eventualities, sometimes the reality turns out to be very different than the plans. It leaves you with no other option than to borrow money for the situation.Generally, for such eventualities, one would opt for a personal loan. But what will happen if …

Understanding Credit Risk

The default risk on a financial obligation which arises when a borrower fails to make the required payments is called Credit Risk. It is the possibility of a loss to repay a loan or meet the contractual obligations. A lender may not receive the owed principal and interest, which results in an interruption of cash …

personal loan

Personal loan is also the most opted as it is an unsecured loan. There is no need for any collateral, or security for taking personal loan. There is very less risk factor involved in personal loan in comparison to other types of loan which requires collateral security. This open-ended loan can be used for pretty …

Comparison Between Loan Against Property and Personal Loan

Though we may save for a rainy day, for any big or immediate investment most of us prefer the banks and NBFCs. Personal loans and Loan against property (LAP) are two popular choices for credits. One should choose carefully and check loans online for that. Loan Against Property In simple terms, LAP is a secured …

Benefits of taking Loan Against Property

LAP is considered an excellent way to raise a large amount of money in a short period of time. The interest rates offered on loan against property are comparatively lower than those offered on personal loan and the repayment tenure too is longer which is more beneficial for the applicants. Says Gaurav Gaur, CEO and …

LAP

Loan against property is a loan which you can take by keeping your commercial or residential property as a collateral. The value of your property is the deciding factor for the the amount of potential loan that can be sanctioned. Fast and easy loans online are readily available. Property as collateral for a loan Generally, …

Gone are the days when parents expected their children to become their old age stick and be a part of their lives in their old age. And also with changing goals and aspirations children also want to move out of their comfort zone to achieve big in their lives. But, to achieve this so-called “big” …

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