Finance
OVERVIEW
Overview
After you have made the decision to purchase a SABARI home, you will have to decide on which option you will want to use to finance it. Customers have three options for making payments towards a SABARI home:
Installment Scheme (Customer Financed):
Under this scheme, the customer pays a percentage of the total price of the home initially and then makes progress payments as the building construction progress e.g. a customer puts 20% as down payment when he books the flat and then pays 10% when the first floor is constructed, 10% when the 3rd floor is constructed and so on. The payments made by the customer are linked to the progress of the building and all payments are financed by the customer himself.

Installment Scheme (Bank Financed):
Under this scheme, the customer opts for a home loan at the time of making the booking and the bank makes the payments on behalf of the customer. The payments are linked to the progress of the building just like the previous scheme. The customer repays the bank over a longer period of time e.g. 20 years.

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