Do you recall the first day of school when your teacher’s vocabulary seemed so complex? Learning loan against property terminology during the application process can feel a bit similar to that. Understanding the financial jargon associated with a loan against property can be challenging, especially if you are a first-time borrower. However, without a solid knowledge of loan glossary, bargaining the best LAP financing options available in the market might become close to impossible. Therefore, to assist you in mastering such complex jargon, we have compiled a list of the top loan against property terminology that you should be familiar with before beginning your loan application.

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