Flexi plan is not a CLP. You sign for the full amount with bank and you are liable for full amount to bank. Disbursement will occur regardless of construction.
No PSU bank agrees to this scheme, or for full downpayment, which I agree is only done by black money guys (because they cannot put the money in bank and earn interest like decent people)
Some private banks only give money in flexi and full downpayment. Because your salary is OK and bank knows it can recover from you.
Bank loan agent cares only for his commission and not what is good for you. He will get commission for flexi and full downpayment plan from builder also, in addition to bank.
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