Personal loan or loan against property?

Loan against property fares better on most parameters; disbursal time is a drawback

Personal loan and loan against property (LAP) are similar in nature as they come without any restriction on the end-use of the loan proceeds. You are free to use the loan amount to finance your home renovation, child’s education/marriage, business expansion, overseas travel or any other personal requirement, except for speculative purposes. As both the loan types serve the same purpose, many borrowers face a dilemma when it comes to choosing between the two options.


Author: Roky