← GlossaryProducts
LAP — Loan Against Property
A secured loan where you mortgage your property as collateral to borrow money, while continuing to own and use the property.
LAP is one of the most flexible financing tools available to SMEs. You can mortgage residential, commercial, or industrial property and use the funds for any purpose — business expansion, working capital, debt consolidation, or personal needs.
Typical parameters: LTV 55–65% of market value, tenure up to 15 years, rates from 9.25% p.a. for strong profiles. The property remains with you — you continue to live or operate from it. Lenders register an equitable or registered mortgage as security.
Related Terms
Need help with this?
Our team explains this in plain language and help you navigate it.