Loan Against Property (LAP) is a type of secured loan provided against the security of a property legally owned by the applicant. This property can be either residential or commercial, and its market value determines the potential loan amount that will be granted to the borrower. From a cost perspective, these loans can be a better option as compared to a personal loan due to the comparatively lower rate of interest charged by the lendershome loans , mortgage loan , loan against property , housing loan , home construction loan , flat purchase loans , mortgage loan process