What Is 'No Pre-Emi Till Possession' Offer & How It Makes A Process Of Owning An Apartment Extremely Easy 1- 25% Contribution Required From An Individual Before The Bank Loan Is Sanctioned. The Loan (75%) Can Be Taken From Bank Linked To The Company'S Projector Banks Chosen By The Individuals Orafgis Oragif. 2- The Bank Loan Would Be For A Construction Linked Plan. 3- The Company Draws Money From The Bank As Per Construction Linked Plan. 4- The Interest Element Of The Emi Or Pre Emi Payment Is Made By The Company Directly To The Bank. 5- In Case Payments Been Made By The Individuals To Afgis/ Ag If, The Interest Element/ Pre Emi Would Be Credited To The Individuals Bank Account By The Company (With Requisite Tds Deductions If Mandated) . 6- After 'Offer Of Possession', The Emi Would Have To Be Paid By The Individuals. 7- The 'No Pre Emi Till Possession' Offer Makes Owning An Apartrnent Very Easy Due To Following Reasons : A During The 3 Year Construction Period, The Annual Increments And Dearnes.
Read More...