💨 Abstract

In the current economic climate, utilizing property as collateral for a Loan Against Property (LAP) offers a secure, flexible, and reliable option for meeting financial needs or fueling growth. This strategy is gaining popularity in India, particularly in Tier 2 and Tier 3 cities, driven by increased financial literacy and urbanization. LAP offers higher loan amounts, lower interest rates, and longer tenures compared to unsecured loans.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖