Loan against Property is one of the different types of the Personal loan, Loan against property are secured loans offered by banks and financial institutions using one or more properties owned by you as collateral. One can avail these mortgage loans against commercial property and residential property collaterals.
These loans are a better option as compared to personal loans due to their comparatively lower rate of interest. Additionally, unlike commodity loans, where the gold ornaments are deposited with the bank until the loan is paid, you can continue using the collateral property in a LAP while you are repaying the loan.
Loans against property are highly preferred form of loans in India. Along with being cost-effective, these loans are reasonably easy to avail and repay due to the relatively low Loans against Property interest rate. At deal4ask we have minimal paper work to secure time and upgraded to digital age, we provide online application to reduce paper work and achieve much efficient customer satisfaction.