Hello members,

Wondering what's the catch with "No EMI till Posession" thingy being promoted by Companies like MAPSCO etc....


Any Idea, anyone??

Thanks,
Vikram
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  • Not sure

    Originally Posted by pankajmehta
    Are you looking for this:

    http://www.rediff.com/getahead/2006/jul/03loan.htm


    This calculation is ok but has not considered the discounts consumers can get on all the payments at once. Seems like ADF is a good option as compared to Pre EMI, but one need to have some cash ..
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  • Not good

    Originally Posted by richhaah
    This calculation is ok but has not considered the discounts consumers can get on all the payments at once. Seems like ADF is a good option as compared to Pre EMI, but one need to have some cash ..


    I did not like the analysis from ADROIT as they are missing on many parts. as one can earn some amount in those two years and will take loan of lesser amount.
    discounts are also not considered.
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  • I hav a Q'n: suppose my flat cost is 30L and bank finance (24L) (80%)...and I don't pay EMI till 2 yrs...if interest rate is (10%) tenure 20yrs then total amt in 2 yrs would be Rs 555864 (EMI paid by Builder to Bank). And if builder takes Rs 200 more than CLP in this case, then for 1000 sqft amount would be only 2L and we can save directly Rs 355864 (No EMI till 2 yrs) and if we could save this amt then we can give downpayment at the time of possesion (i.e. remaning loan amt = 24L - Rs 355864 - principal deduct in 2yrs) and finally our EMI will be less after possesion (even bank takes slightly higher interest rate) and relief from immediate burden and full tax rebate after possession.
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  • No pre-emi

    Hi,

    builder is offering same rate per sft for normal loan and no pre-emi till possession loan.
    Can anyone help which is the better one in this case?


    -Sudheendra
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  • Originally Posted by sudhee
    Hi,

    builder is offering same rate per sft for normal loan and no pre-emi till possession loan.
    Can anyone help which is the better one in this case?


    -Sudheendra


    Which project or builder that would be

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    Follow on: https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/17049-subventions-vs-80-20-vs-zero-emi-schemes-gurgaon/page4?t=19252&page=4
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