Loan against Property is the type of loan that one can avail by pledging their property (either commercial, residential, or warehouse) as collateral. As the funds can be raised with no usage restriction it can be utilized for various objectives such as business expansion, wedding, higher education etc.The potential of the loan is completely based on the value of the property. The interesting benefit of LAP is that one can get a lower rate of interest with a flexible term of up to 20 years