Opting for a Loan Against Property? Be Mindful of These Factors Before Applying for One

Opting for a Loan Against Property

A loan is the sum of money borrowed by an individual or entity from a bank or financial institution. The borrower incurs debt and is liable to pay interest on the borrowed amount until they have repaid the loan in full within a specified time frame. Loans have become a part of our lives and are often the source of funds aiding people to fulfill their goals. Commonly available types of loans include car, property, personal, education, business, and loan against property (LAP).  Apart from the end-use, the most important…