Loan against property (LAP)

whether vehicle loan and CC loan is covered under LAP.
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Quick Summary
This discussion clarifies what is covered under a Loan Against Property (LAP). It addresses whether vehicle loans and credit card (CC) loans are included within LAP. The key requirement highlighted is that the property must be legally owned and titled by the individual applying for the loan.

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The property must be in thr name of thr person seeking loan. He must hv legal title to the property.

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