Finance against Property
Finance against property or Property Finance, as it is often referred to, is a finance taken by pledging your existing property as a security. Finances against property can come in handy when other sources of funding get exhausted.
Depending upon the existing market conditions, the paid up value of the property and other factors, the value of the finance against property can be anywhere between 40-60 % of the property value. Cash in on your smart investments of the past and build a safe future. Take a property finance today and use it for any kind of requirement.
Finance against Property (LAP) is more generally known as ‘Home Equity Finance.’ LAP is specifically designed for an individual who already owns a property and is in need of borrowing some finances. But the property against which he is taking up the finance amount must be free from any encumbrance, i.e., it is not offered as security for any other purpose.