As they live in a large city, residents of Delhi NCR require more money to fund various activities, including education and investments. One thing that often comes to their mind is where they could get the money. There are a number ways people can source their money and among the easiest is to apply for a loan. Loan against property (LAP) is one such type that’s available for many people in Delhi NCR.
In simple language, LAP is a loan that is sanctioned or disbursed against the mortgage of someone’s property. The property could be a house, apartment or a piece of land. Each bank in Delhi typically has different eligibility criteria for people who plan to apply for such a loan. Two primary factors are credit history and financial capability.