HDFC is relaunching the Pre-EMI subvention Scheme with Akme Projects Ltd for their project Akme Raaga in Gurgaon. Please go through the features below
Scheme starts for logins : Immediate
Scheme ends for logins : 15th May 2013
All cases to be disbursed : 31st May 2013
Scheme starts for logins : Immediate
Scheme ends for logins : 15th May 2013
All cases to be disbursed : 31st May 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
Cost components : Basic, PLC, EDC, IDC, IBMS and Car Parking only
LCR is to be maintained at 80% of property cost as per cost components defined above
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 : 15% by customer
Within 60 days : 30% by HDFC
On 50% structure : 30% by HDFC
On 95% structure : 20% by HDFC
On possession : 5% by customer
Akme will subvent Pre-EMI interest on behalf of the customer from date of first disbursement till 31st March 2015. Beginning April 2015, 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
Cost components : Basic, PLC, EDC, IDC, IBMS and Car Parking only
LCR is to be maintained at 80% of property cost as per cost components defined above
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 : 15% by customer
Within 60 days : 30% by HDFC
On 50% structure : 30% by HDFC
On 95% structure : 20% by HDFC
On possession : 5% by customer
Akme will subvent Pre-EMI interest on behalf of the customer from date of first disbursement till 31st March 2015. Beginning April 2015, 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