HDFC has recently signed up for a Pre-EMI subvention scheme with BPTP Ltd for villas in their project Amstoria being sold by the name Chateau in Sec-102, Gurgaon. Please go through the features below
Scheme starts for logins : Immediate
Scheme ends for logins : 15th April 2013
All cases to be disbursed : 30th Apr 2013
Scheme starts for logins : Immediate
Scheme ends for logins : 15th April 2013
All cases to be disbursed : 30th Apr 2013
Salient features of the scheme are as follows :
Scheme is available for all fresh bookings in individual name.
Standard ARHL rates as per loan slab will apply to all loans.
No loans at fixed ROI
LCR is to be maintained at 75% of property cost (forfeiture is 25% of cost)
Cost components to be considered : Basic, PLC, and EDC, IDC only.
No pro-rata disbursements can be done under the scheme.
No Insurance funding to be done
No Tranching of loan to be done
Disbursement Pattern under the scheme
On booking : 20% by customer
On start of construction : 30% by HDFC
On SF slab casting : 30 % by HDFC
On Civil Structure completion : 15% by HDFC
On offer of possession : 5% by customer
BPTP will subvent Pre-EMI interest on behalf of the customer from date of first disbursement till 30th Nov 2014 Beginning Dec 2014, customer will need to start paying Pre-EMI/EMI to HDFC at the then prevailing ARHL rate. End of subvention term may not coincide with offer of possession as this
is a fixed period subvention scheme. Customer is free to make prepayments as per current prepayment policy. However, if any prepayments are made during the subvention period, no Pre-EMI will be refunded to the Builder/customer under any circumstance.
Scheme is available for all fresh bookings in individual name.
Standard ARHL rates as per loan slab will apply to all loans.
No loans at fixed ROI
LCR is to be maintained at 75% of property cost (forfeiture is 25% of cost)
Cost components to be considered : Basic, PLC, and EDC, IDC only.
No pro-rata disbursements can be done under the scheme.
No Insurance funding to be done
No Tranching of loan to be done
Disbursement Pattern under the scheme
On booking : 20% by customer
On start of construction : 30% by HDFC
On SF slab casting : 30 % by HDFC
On Civil Structure completion : 15% by HDFC
On offer of possession : 5% by customer
BPTP will subvent Pre-EMI interest on behalf of the customer from date of first disbursement till 30th Nov 2014 Beginning Dec 2014, customer will need to start paying Pre-EMI/EMI to HDFC at the then prevailing ARHL rate. End of subvention term may not coincide with offer of possession as this
is a fixed period subvention scheme. Customer is free to make prepayments as per current prepayment policy. However, if any prepayments are made during the subvention period, no Pre-EMI will be refunded to the Builder/customer under any circumstance.