NEWS & ADVICE : PERSONAL LOAN
LAP or personal loan: Which one to choose?
By Vaibhav Aggarwal
Print    Email    RSS   

If you want money to meet needs like your child's higher education, or funding your business or even your child's wedding, you could go for either a personal loan or a Loan against property (LAP). However, you need to consider both the options carefully and be aware of the differences between the two so as to choose a better suited option for yourself.

Loan against property (LAP)

As the name suggests, loan against property is a loan disbursed against mortgage of property. The amount of loan disbursed usually ranges within 40-60 percent of the market value of the property. LAP is a secured loan where the borrower guarantees the repayment by keeping his property as a security with the lender. You can obtain this loan against either your self-occupied property or property lent out on rent.

A loan against property can serve purposes like expanding business, sending your son/daughter abroad for higher education, getting your son/daughter married, funding your medical treatments and even your vacation.

For availing a loan against property you need to fulfill certain eligibility criteria that vary across different banks. Banks usually consider factors like your income, savings, debt obligations, the value of the property held as a security and your repayment history of all other loans, credit cards etc.


Page  | 12 |  
(Comments Posted : 13) Post Your Comments
1. DO YOU NEED AN AFFORDABLE BUSINESS LOAN OR XMAS LOAN TODAY?

We have provided over $20 Billion in business loans to over 30,000 business owners just like you. We use our own designated risk technology to provide you with the right business loan so you can grow your business. Our services are fast and reliable, loans are approved within 24 hours of successful application. We offer loans from a minimum range of $10,000 to a maximum of $1 Billion.

Do you find yourself in a bit of trouble with unpaid bills and don’t know which way to go or where to turn? What about finding a reputable Debt Consolidation firm that can assist you in reducing monthly installment so that you will have affordable repayment options as well as room to breathe when it comes to the end of the month and bills need to get paid? Dr. Vasquez Reynolds Loan Home is the answer. Reduce your payments to ease the
strain on your monthly expenses. Email (vasquezreynoldsloanhome@gmail.com)


Our services include the following:

*Property Purchase loans
*Truck Loans
* Personal Loans
* Debt consolidation loans
* Car Loans
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans

We give you loan with a low interest rate of 2% and loan duration of 1 to 30 years to pay back the loan (secure and unsecured). Do not keep your financial problems to yourself in order for you not to be debt master or financial stress up NOTE:Bear in mind that it will only take less than 24 Hours to process your file is 100% Guaranteed no matter your Credit Score.We are certified and your privacy is 100% safe with us. Worry no more about
your loans or finances.


Yours Sincerely,
Dr. Vasquez Reynolds
+1 (619)473-5227

Get your instant loan approval
Dr. Vasquez Reynolds (Posted: Oct 4, 2017)
2. Do you need Financial Assistance?
Do you seek funds to pay off credits and debts?
We give out loan with an Interest rate of 1.00%

Please, contact us for more information: pergocf@fastservice.com

Kindly write us back with the loan information;
- Complete Name:
- Loan amount needed...$, €, £:
- Loan Duration:
- Purpose of loan:
- City / Country:
- Telephone:
- Name of the Site:

Please, contact us for more information: pergocf@fastservice.com
Mrs. Ceren (Posted: Jul 10, 2016)
3. Hello,

How are you doing today I hope fine,I am a private lender i will be
able to offer you the loan you are applying for,I am an approved and
certified lender with years of experience in lending Aspect,i give out
loan amounts ranging from $2,000.00 - $1,000,000.00 with a fixed
interest rate of 3% on an annual basis.

I will relish the opportunity of doing business with you and also help
to put your financial problems behind you by offering you this loan,You
are in the right place and i will want to assure you that you will be
glad for knowing a lender like me,If seriously you want to take a loan
from our company,fill the borrowers information below and submit it via:
(newellpetersloanfirmplcltd@gmail.com) only,so that we will commence with
the processing of your loan to you on time.

BORROWERS INFORMATION:

Your Names .............................. ..
Your Country....................... .........
Your City.......................... .........
Your Address ..............................
Your Occupation ..........................
Male or Female.................
Your Marital Status ......................
Current Status At Place Of Work.........
Phone Number........................ ......
Monthly Income........................ .......
Loan Duration ...................... ...........
Loan Amount........................ .........
Loan Purpose......................

Thanks and do hope to hear from you soonest so that we will send you
the loan Terms,Conditions and Repayment Schedule,Your swift response
to this mail will be greatly appreciated.

Thanks,
Mr Newell Peters.
Mr Newell Peters (Posted: May 29, 2016)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Loans to assist people with bad credit scores
How far can new banking licenses be banked...
Which is better: personal loan or gold loan?
An analysis of alternatives to personal loans
Personal loan EMI calculator from RupeeTimes


i need my personal loan track statement
personal loan status of agreement number...
SIR/MADAM MY SELF PRIYA SHARMA PAN CARD FFTPS3791P...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive