While looking for a home, finance is the most important concern for all the buyers. Apart from the location, size and configurations of the apartment, the home loan factor is more of a headache for a middle class home buyer. What we don’t realize is that the interest on home loan can add up to make the home almost double its actual value. This is a major financial worry for the mid segment buyers which keeps them from buying the home of their dreams.
Investors Clinic has come up with a great solution for this problem in the form of its interest free home scheme- Byaaj Mukt Awas Yojna. It is a zero interest scheme for the homebuyers to help them actualize their dream of buying a home without paying any extra amount as interest.
The buyers just have to pay the principal amount over a period of 100 months and the installments will be termed as Equal Principal Repayment (EPR).
Advantages of EPR over EMI on traditional loans:
The main difference between EPR and EMI is that in case of EPR you would not have to pay any interest, just the principal amount.
You can save huge amount which you would have paid as interest if funded through traditional home loan. Other benefits of Byaaj Mukt Awas Yojna (BMAY) include:
- Buyers upto the age of 57 years are eligible to take loans
- Unlike traditional loans, the benefits of EPR will be transferrable at the time of resale
- The customer can also reuse his loan eligibility after 8.3 years
- There will be 100 easy installments for 100 months
- Say hello to 12 years of stress free life
The zero interest home loan facility is available on selected projects by some of the leading developers of NCR. Supertech, Ajnara, Home and Soul, Aditya and Jaypee to name a few. This is a once in a lifetime opportunity of buying a home at such a low cost. Do not miss out!
Here is a calculated difference between the value of your property when you finance it through home loan versus BMAY.
0 % loan property
Byaaj Mukt Awas Yojna
Byaaj Mukt Awas Yojna Investors Clinic
Byaj free scheme Investors Clinic
Interest free property
say no to interest
