{"id":28159,"date":"2014-01-18T10:00:53","date_gmt":"2014-01-18T04:30:53","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=28159"},"modified":"2020-06-15T03:24:10","modified_gmt":"2020-06-14T21:54:10","slug":"28159-credai-introduces-concession-on-interest-rates-for-the-homebuyers-in-pune","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/28159-credai-introduces-concession-on-interest-rates-for-the-homebuyers-in-pune\/","title":{"rendered":"CREDAI Introduces Concession on Interest Rates for the Homebuyers in Pune"},"content":{"rendered":"<p><a href=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2014\/01\/CREDAI-scheme-.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-28160\" alt=\"CREDAI-scheme-\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2014\/01\/CREDAI-scheme-.jpg\" width=\"300\" height=\"250\" \/><\/a><a href=\"https:\/\/www.bharatestates.com\/blog\/what-is-credai\/\">CREDAI<\/a> which is an apex body for the private builders, has come up with a new scheme that would allow the homebuyers to pay an interest rate of only 7.5% on the loan taken till the time the possession is ready or by 24 months, any of which is earlier.According to the new plan, the lender will not take the interest cut; in fact the builders would have bear the varied amount between 7.5 % and the amount the lender would charge for that particular period. It is also essential to note that Reserve Bank of India (RBI) has imposed a range of limitations on such schemes that are meant to attract the buyers and even the court decisions that clarified the heavy promises made to draw the customer\u2019s attention.CREDAI- Pune, Vice President stated that this scheme intends to assist the potential homebuyers who are willing to invest in residential properties. The current offer will also give customer an opportunity to pay 10% cost as down payment at the time of booking the property. As the project progresses, the bank will start to distribute the loan. The banks will carry out with the loan application as per the rules and would charge similar interest. Whoever signs the contract with the CREDAI Members, from January 17th to March 31st, 2014, will get back a surplus interest of 7.5% from the developers. For instance, when a buyer takes a loan of Rs. 40,000 then he will be saving about Rs. 10,000 per month during the construction period.CREDAI Pune Metro would be offering this scheme to the buyers in the current<a href=\"https:\/\/www.bharatestates.com\/blog\/28129-credai-coming-up-with-grand-pune-property-exhibition-2014\/\"> Grand Pune Property Exhibition 2014<\/a>.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CREDAI which is an apex body for the private builders, has come up with a new scheme that would allow the homebuyers to pay an interest rate of only 7.5% on the loan taken till the time the possession is ready or by 24 months, any of which is earlier.According to the new plan, the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-28159","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CREDAI Introduces Concession on Interest Rates for the Homebuyers in Pune -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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