Provident Botanico Payment Plan
Provident Botanico Purchasing a property is a big step involving a considerable long-term financial commitment from the buyer's side. Therefore, a buyer should research the available payment plans before purchasing a property. The creators and financial institutions usually examine this kind of plan before choosing. Depending on the customer's eligibility, Financial Institutions or banks endorse the payment plans. There are multiple payment plans in a realty project, such as:
- Down Payment Plan - This payment plan is meant for those buyers who have ready availability of funds because they must pay about 95% of the total property value before the possession.
- Construction Linked Payment Plan - This payment plan is meant for those buyers who can pay 10-20 percent of the total property's price at the time of booking and the rest with the construction progress.
- Flexi Payment Plan ( FPP) combines a Down Payment plan and a Construction Linked payment plan. It is beneficial for those buyers who can pay 1/3rd of the total charge at the moment of booking and remain as per the availability of the funds.
- Possession-linked payment plan - This is meant for those buyers who can pay 20-25% of the total property value at the time of booking and the rest at the time of possession.
- Subvention plan - This plan is the 10:80:10 plan. Under this, the buyer has to pay 10% on booking and the final 10% on possession. A bank loan will finance the remaining 80%, the interest for which the builder will pay until possession.
- Provident Fund - If a buyer is planning to buy/construct a home or purchase land, he can also use his PF funds.
