Benefits of Loans Against Property for SMEs

Loans Against Property
31 Aug, 2019
Manya Ghosh
2,944

Among a lot of loan options provided by financial institutions, one of the most popular is the Loan Against property (LAP). Loan against Property is the loan you can avail by keeping your property (residential or commercial) as collateral with the financial institute. In general, a borrower can get up to 50% to 60% of property value as loan.

LAP is one of the most popular loan options mainly because it allows the SMEs to borrow a large sum of money for their professional needs. For the financial institute, it is a secured loan as the lender holds the right to auction the property in case of failure to repay the loan. The loan generally has easy documentation, low-interest rates, multiple payment options, and long and flexible tenure.

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Scroll down and know different features, uses, benefits and advantages of Loan Against Property for SMEs.

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Written by Manya Ghosh

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Manya is a seasoned finance professional with expertise in the non-banking financial sector, offering 3 years of experience. She excels in breaking down complex financial topics, making them accessible to readers. In their free time, she enjoys playing golf.

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Benefits of Loans Against Property for SMEs

Written by Manya Ghosh

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