There may arise a situation, when you are in dire need of money for some reason, and options like borrowing money through friends or family members are always available to you. There are some more options which can raise large sums like loan against property or more popularly known as LAP. It is a convenient and easy means to have access to the funds and meet the financial requirements with the help of the banks at lower rate of interest. You can use your property to have an access to the funds as offered by the banks. In general cases, the banks offer as much as 70% of the loan amount based on the evaluation of the property being offered by you as collateral.
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