A Loan Against Property (LAP) without income proof is a secured loan that allows individuals to use their residential or commercial property as collateral to obtain funds, even if they lack formal income documentation like salary slips or tax returns. This loan option is particularly beneficial for self-employed individuals, freelancers, or those with irregular income streams, as it relies on the value of the property rather than the borrower's income. Borrowers can typically access a significant portion of their property's market value, enjoying lower interest rates and longer repayment tenures compared to unsecured loans. The funds can be used for diverse purposes, such as business expansion, education, or personal expenses. However, it's essential to understand that failure to repay the loan can lead to the lender seizing the property used as collateral.