Getting tall economic conditions and extended cost limits (5-15 years), Financing Facing Possessions (LAP) is the wade-so you can alternative But a minimal credit rating you will lead you to use an effective LAP for small amounts as well. Regarding PL, the period try short which can be always around five years having a capping away from 15- 20 lacs, making it preferable of these trying less and you can less financing wide variety. The latest EMI on PL could be always greater than LAP just like the PL is actually for less period function highest commission in reduced go …
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