Just like personal loans, thereare no restrictions on the end usage of LAP loan proceeds. Except for spec- ulative purposes or any il- legal activities, LAP bor- rowers are free to use the loan amount to finance as diverse needs as home re- novation, child's higher education or marriage ex- penses, medical emergen- cies, international travel or any other personal purpos- es. Self-employed indivi- duals can also avail LAP to finance their business ex- pansion or raise working capital.
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