This is one of the simplest ways to raise funds, as it involves using your property (residential/commercial) as a guarantor for a loan. That is, your own property can help you get a loan. A loan secured by real estate is a secured loan. This is due to the borrower transferring a property to the bank as a guarantee. According to customers, LAP is extremely secure. It gives the customer more trust. As a result, no bank or financial institution will question the customer's or client's ability to repay. Loan Magic makes LAP available at low interest rates.
This is a secured loan so :-
- EMI is lower
- Cheaper Interest Rate
- Longer Tenure
- Maximum amount possible given as loan amount