Buying a home is often the biggest financial milestone for Indian families. It brings a sense of security and achievement. However, moving into a new house is often accompanied by the long-term commitment of monthly EMIs. For many professionals, managing EMIs along with other expenses becomes difficult, especially when interest rates change.

While most people focus on cutting daily expenses to manage this debt, there are other financial tools available. One such tool is the Loan Against Property (LAP). While it is traditionally seen as a way to fund business needs or personal emergencies, some homebuyers are now using it to manage their housing debt.