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Why are the payment terms for installment scheme and housing loan schedule different ?

April 26, 2017different HOUSING installment loan payment schedule Scheme terms

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Why are the payment terms for installment scheme and housing loan schedule different ?

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A. Incase of purchasers availing housing loans the bungalows/flat is registered in favour of the purchaser to enable the housing finance company create a charge on the property. As the builder is parting with their title of the bungalow/flat a substantial payment has to be made upfront. In case of purchasers availing installments scheme from their own resources a more convenient payment scheme is being offered.