Here are the Pros are Cons of Taking a Loan Against Property

One of the safer options for long-term funding is to apply for a loan against property (LAP). LAP is defined as borrowing sum from a lender by guaranteeing your property to the lender. This is also one of the most popular ways to meet emergency fund requirements as the value of the property will not depreciate, and many lenders regard property as high value. This allows you to borrow or secure a more substantial sum as a loan. 

In case of non-payment of the principal amount, the lender can liqui...