loan against property

loan against property

How is Home Finance different from Home Mortgage?

At its basic, Home Finance (also known as Home Loan) refers to the financial assistance taken from a bank or any financial institution (lender) to buy or construct a house; whereas Home Mortgage (also called as Loan Against Property or LAP) refers to financial assistance taken against a house or an immovable property for any use, as per the requirement of the borrower.  Understanding Home Finance...

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