FLEXIBLE TERMS HOME LOAN FEATURES
Step Up Repayment Facility (SURF)
In the event that the Clients require the next amount of advance but don't have the income to benefit the tall installment at the moment but his/her wage is likely to extend in the future, at that point the borrower can select to pay littler EMIs within the prior a long time and steadily increment the estimate of the advance installments with the increment of their pay afterward a long time.
Step-Down Repayment Facility (SDRF)
In the event that the borrower's present pay stream empowers him / her to pay more presently and on the off chance that his / her pay is likely to drop within the coming a long time at that point the Clients can too chose to pay bigger estimate of installments during the initial years and decrease the estimate of the installments with any potential decay in their pay in future.
Structured Repayment Facility (SRF)
A combination of both the plans can also be organized where the borrower chooses to repay the advance depending on his/her arrangement and comfort and anticipating the up and coming circumstances at different stages of the credit tenure.
How can I use this loan?
You can use this loan to purchase your own apartment developed by renowned developers.
Am I Eligible?
You can apply for this loan right now if:
- Regular income from a sustainable & valid source of employment or business.
- Age of the main income earner should be within 65 years at the end of proposed loan tenure.
- Slab casting of Ground Floor has to be completed to apply for the loan.
- Property being constructed should be an eligible & enforceable security.