What can Loan Against Property (LAP) be used for?
Answer
Answer
Loan Against Property (LAP), as the name suggests, is a loan a borrower can get against a property. This property can be either residential or commercial.
Any loan against a property (LAP) can be used for both personal and business purposes.
You can, in fact, use LAP for anything other than activities that involve speculation or are non-prohibitive in nature.