24 EMIs!.........Not 24 pre-EMIs!!
|24 EMIs at Mont Vert Vesta Urawade Pune 412 108 (2011-8-21) Click the Image to Enlarge|
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What is EMI?
EMI is Equated Monthly Installment. EMI is monthly basis repayment of the loan amount taken. A loan amount is paid back through a series of monthly payments. The monthly payment is in the form of post dated cheques drawn in favor of lender. EMI are paid until the total amount due is paid up. EMI is directly proportional to the loan amount taken and inversely proportional to time period. (Read More)
What is Pre-EMI?
As soon as your loan is sanctioned the banks usually pay the builder amounts in a periodic basis (based on the progress of construction). Builders usually set milestones and on achieving these milestones the bank pays the builder a certain amount.
Until the complete loan amount is actually given to the builder by the bank, the borrower has to pay a simple interest at the rate agreed upon with the bankers. This interest is called Pre-EMI which is payable up to the date from which the payment of EMI actually commences. (Read More)
ADF is good, in fact very good. But not for you! It's good for the builder!
The reason is that the sum you were supposed to pay him over a period of two years is paid to him on day one. He uses that money and you pay interest on it.
That is why, off late, they have started offering carrots to the buyers. So if you agree to go for ADF, some builders would offer you a discount in property cost while others would even be ready to reimburse your pre-EMI interest burden. Some might even offer a combination of both!
Would it then make sense to go for ADF?
We still hold to our contention: ADF results in you financing the builder.
Is it right for you to do so? (Read More)
1) FRIDAY, AUGUST 19, 2011
Why do we borrow at high interest rates and offer interest free funds to builders?
2) SATURDAY, JULY 23, 2011
What is Mont Vert Vesta Urawade Pune 412 108?
3) FRIDAY, JULY 22, 2011
Mont Vert Vesta, Bungalows - Plots & 2 BHK Flats, at Urawade Pune 412 108 Launched!
4) TUESDAY, JULY 19, 2011
Visit to Mont Vert Vesta at Urawade Pune 412 108!
5) FRIDAY, JULY 15, 2011
Bungalow Plots & 2 BHK Flats in Mont Vert Vesta at Urawade-Pirangut, Pune 412 108 - pre-launch offer
6) FRIDAY, JULY 15, 2011
Emerging Investment Opportunities in Pune - Mont Vert Organizes a Seminar!
7) WEDNESDAY, JULY 20, 2011
Mont Vert Luxury Homes - invest in a goldmine at Pune West for as little as Rs. 19.75 Lakhs!
8) REMO BECOMES BRAND AMBASSADOR OF MONT VERT – LAUNCHES MONT VERT TROPEZ (Wakad Pune)
9) WEDNESDAY, AUGUST 17, 2011
Buy a ready possession flat until there is no real estate regulator!
10) MONDAY, JUNE 13, 2011
Is Pune real estate market about to crash?
11) TUESDAY, JUNE 21, 2011
Property Rates in Pune Real Estate Market Going Down?
12) TUESDAY, JULY 26, 2011
Flat 40 % Off!