There is a point in everyone’s life when you have financial troubles. This time loans are the best option to overcome the financial crisis. They are always easy and convenient to get and you have lot of options as well. Loan against property can be a boon when the money amount required is high than what can be availed through a personal loan. It is considered as a Cheapest Secured Loan and monthly installments are low. In this you can keep your property whether commercial or residential as collateral to borrow the money against it. You can avail loan amount up to 60% to 70% of the market value of your property. The Loan Against Property comes with many benefits but some risk factors are also associated with it. If you fail to repay the loan, the lender has the complete right to auction your property and recover the money from it. If one has no regular income, then loan is not a good option for them. One should go for LAP only when someone is sure about their cash flow and servicing EMI’s on time.