Ramaswamy Aiyyar is a well-known businessman in Chennai. He owns several commercial properties in and around the city. Known for his diversified business, Aiyyar is now looking to expand his business to other Indian states. While considering various options for raising funds, his friend’s suggestion to avail of a loan against property (LAP) struck a chord with Aiyyar. However, he is neither sure about the process nor has an idea about how much loan amount can he borrow by mortgaging his property. If you too are in the same boat as Aiyyar, then this article is for you. Here is all you need to know about availing of a LAP and the maximum amount you can get against it.
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