Assume I book a property of 50lacs..
Home loan:20 lacs
15% Builder downpayment+VAT+Tax: 12lacs
So, for the remaining 18lac amount which I should be paying to the builder partly as per slab construction, is it possible that I start the loan amount (20lacs) first and after the bank pays all the money to the builder, later I can pay the remaining amount (which is 18lacs)...Can i do that??
Is it possible to rearrange the money as above??
Finally the money which builder is going to get is the same, which I & the bank is going to pay is also the same, just the bank would pay first and then I would pay the rest.