The full form of LPP, in the context of consumer loans, is Loan Payment Protection. However, "LPP Bank" is not a commonly known or established bank name. Therefore, the question requires clarification to provide a more accurate answer.
The full form of LPP can be Loan Payment Protection, which is a type of insurance:
-
Loan Payment Protection (LPP): This insurance product provides coverage for loan repayments in the event of unforeseen circumstances such as job loss, disability, or death.
- It helps borrowers avoid default on their loans during difficult times.
- Coverage details vary depending on the specific policy.
- Example: Consumer LPP covers loan payments if the borrower becomes unable to work due to illness.
Therefore, a financial institution might offer LPP on its loans, but it is unlikely to be its acronym.
