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ADF(With Discount) VS Non-ADF

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ADF(With Discount) VS Non-ADF

Last updated: September 25 2012
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  • ADF(With Discount) VS Non-ADF

    Hello Friends,

    I have booked flat in wakad. Following is more info.

    Developers give me 100 RS discount on ADF option.

    Sellable area is 1288 * 2775 /RS (For ADF option.)
    Sellable area is 1288 * 2875 /RS (For NON-ADF option.)

    Now problem is only Kotak (8.5 % Rate) and ICICI (8.75 % Rate) bank give ADF for this project.

    Which option I need to select. ADF or Non-ADF.? I am also evaluating Axis bank with Non-ADF option.

    Please give me your valuable suggestions


    -Tushar
  • #2

    #2

    Re : ADF(With Discount) VS Non-ADF

    Somewhere I had read that selecting ADF option will give some discount, but you are at the mercy of the builder. I think ADF means Advance Disbursal Facility, so the builder gets the money without completing the project. Then why will he be interested in completing it on time.

    So evaluate option and find out more details.

    Here is an article from rediff on the same: http://www.rediff.com/getahead/2006/jul/03loan.htm

    Comment

    • #3

      #3

      Re : ADF(With Discount) VS Non-ADF

      Dont take risk for saving 1-2 lacks. better to opt for ready possession. Rs 100/- discount is kind of CHOCOLATE to fool buyers.

      Comment

      • #4

        #4

        Re : ADF(With Discount) VS Non-ADF

        Originally posted by tushar4p View Post
        Hello Friends,

        I have booked flat in wakad. Following is more info.

        Developers give me 100 RS discount on ADF option.

        Sellable area is 1288 * 2775 /RS (For ADF option.)
        Sellable area is 1288 * 2875 /RS (For NON-ADF option.)

        Now problem is only Kotak (8.5 % Rate) and ICICI (8.75 % Rate) bank give ADF for this project.

        Which option I need to select. ADF or Non-ADF.? I am also evaluating Axis bank with Non-ADF option.

        Please give me your valuable suggestions


        -Tushar
        You are going to save 1.2 lakhs with ADF option. But considering that you need to pay full interest on complete amout you might be end up paying additional interest of 4 lakhs or more during this period.

        Comment

        • #5

          #5

          Re : ADF(With Discount) VS Non-ADF

          Never go for ADF. You may see a short term gain in terms of 100 psqft, but in the long term there is really no benefit if the builder doesnt deliver on time. Go for EMI under construction which will have the benefit of faster repayment of principal and at the same time disbursement to the builder based on construction progress.

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          • #6

            #6

            Re : ADF(With Discount) VS Non-ADF

            You can ask for a counter offer, reduce the rate to 2400 or less psft then you will consider the ADF option..

            Comment

            • #7

              #7

              Re : ADF(With Discount) VS Non-ADF

              Never ADF. It is like handing over your cash to thieves & hoping that they would not steal it. Always go for step by step payment, if at all u want to go for any in-progress projects. You would not have sleepless nights this way.

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              • #8

                #8

                Re : ADF(With Discount) VS Non-ADF

                Absolutely true, BIG NO to ADF, given the frauds that have happened to people from these Pune builders.

                I would personally buy, if at all, resale apartments only.

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                • #9

                  #9

                  Re : ADF(With Discount) VS Non-ADF

                  Is it good to opt for ADF in current market scenario with a reputed builder??

                  Comment

                  • #10

                    #10

                    Re : ADF(With Discount) VS Non-ADF

                    guys..whats ADF? can someone pls tell me..

                    Comment

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