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A loan given by a bank, mortgage company or other financial institution for the purchase of a primary or investment residence.

In order to understand how a business loan works, imagine borrowing a capital to fund a startup or pay for an existing business’s expansion without pledging anything against the borrowed amount.

A loan against property (LAP) is exactly what the name implies -- a loan given or disbursed against the mortgage of property.

Home Loan
Business Loan
Loan Against Property
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