Credit against property (LAP) is otherwise called 'Home Equity Loans' and is fundamentally a sort of advance against the security of one's property. LAP is intended to meet the monetary needs of a man who as of now possesses a house, which is free from any encumbrance (i.e. it isn't given as security for any reason).
The highlights of our LAP Loans are :
lap from Private Bank : Standard Chartered Bank, ICICI Bank , Yes Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank, HSBC Bank, Induslnd Bank and RBL Bank.
lap Loan from Non Banking Financial Company (NBFC) : Fullerton India, Aditya Birla Finance, LIC Housing Finance, Magma Fincorp, Reliance Capital, DHFL Home, Indiabulls, Tata Capital, Bajaj Finserv, Capital First.
For salaried people, and for experts and representatives who are independently employed, the credit against property qualification necessities in banks or for different establishments are really comparable.
Advance against property is a secured advance which implies it is offered just when you offer a property claimed by you as security with the bank. Individual advance financing cost is allotted by the client's pay, the sum being acquired and other criteria as determined by the bank.