Loan Against Property
LAP or otherwise called as loan against property is loan provided on the basis of collateral. In comparison with BC and BL, LAP is otherwise called a secured loan. Depending upon the nature of the collateral the amount of loan to be disbursed is decided. The borrower can repay the loan in monthly terms. A separate mortgage team works for mortgage loans since the process mortgaging varies in comparison with BC and BL. In terms of mortgage, SCPL provides loans for buying a structure that is newly built and for buying a second hand structure that is already in place.
| S.No | Loan Size | Repayment (number of years) |
| 1 | 1,00,000 | 2 years |
| 2 | 2,00,000 | 3 years |
| 3 | 3,00,000 | 5 years |
