There are several steps in the process of getting a LAP (Loan Against Property). A Loan Against Property (LAP) gets you capital based on the value of your property. It is available for both salaried and self-employed persons and against commercial as well as residential property. All this and, you don't have to sell your property to raise the capital. It's all yours to keep if you repay the loan taken.
Steps involved in the application process are:
- Sanctioning of the loan
- Valuation and legal check