Larger Loan
Amounts
Compared to personal loans or credit cards, LAPs offer significantly higher loan amounts, as they are secured against a valuable asset. This makes them ideal for funding large-scale projects, significant.
Competitive Interest
Rates
Since the loan is secured, the risk for the lender is reduced, resulting in lower interest rates compared to unsecured loans. This translates to lower EMIs
and significant savings over the loan.
Flexible Repayment Options
LAPs often come with flexible repayment options, allowing you to choose a tenure that suits your financial situation. This helps you manage your monthly budget effectively.