However, a reduced credit score could lead you to play with a great LAP to own a small amount too. In the example of PL, brand new period is small and that is always to five years that have a good capping out of 15- 20 lacs, it is therefore better for those seeking lower and you may quicker financing amounts.
This new EMI into PL might be usually higher than LAP while the PL is for smaller period setting high payment from inside the less big date while Lap is actually for stretched period and therefore brief earnings in the prolonged course. (بیشتر…)