Loan Against Property without map | Get Complete Guide : INR PLUS
Loan Against Property (LAP) Without a Property Map: A Complete Guide | INR PLUS Securing a Loan Against Property (LAP) is a popular way to access funds using your property as collateral. While a property map is typically required, there are situations where you might not have one readily available, or it might be incomplete or outdated. Understanding the Importance of a Property Map in LAP Applications Lenders require property maps primarily for two reasons: Verification of Property Details: The map helps verify the location, size, and boundaries of your property, ensuring it matches the information provided in your application. This minimizes the risk for the lender. Valuation Assessment: A map aids in the accurate valuation of the property. A clear map allows valuers to easily assess the property's size, location, and potential, impacting the loan amount offered. Obtaining an LAP Without a Property Map: Challenges and Solutions While a propert...