Having tall financial conditions and you will stretched payment perspectives (5-fifteen years), Loan Up against Possessions (LAP) is the wade-so you’re able to solution
Wednesday, January 15th, 2025However, a low credit score you may cause you to explore a LAP for small amounts also. When it comes to PL, the fresh period is actually brief that will be always around 5 years which have a great capping away from 15- 20 lacs, so it is preferable for those seeking reduced and you may smaller financing amounts.
This new EMI with the PL might possibly be constantly more than LAP since the PL is actually for less tenure means highest commission within the faster big date whereas Lap is actually for prolonged period meaning that quick earnings in stretched period. (more…)
