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Home Loan vs Loan Against Property | Mortgage Loan Explained | Finance Tips #shorts #homeloantips
What’s the distinction between a Home Loan and a Loan Against Property (LAP)? Both contain property — however they serve very completely different functions! 🏠💡
🔹 Home Loan: For shopping for a brand new home — covers 75–90% of property worth
🔹 LAP: You mortgage your current property for a mortgage — used for private or enterprise wants
👉 LAP might have barely increased rates of interest
👉 Loan-To-Value ratio is mostly decrease in LAP
✅ Know the distinction earlier than making use of!
🎯 Like, share & observe @FindCreditLoan for good monetary insights.
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