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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][ultimate_spacer height=”30″ height_on_mob_landscape=”30″ height_on_mob=”30″][ultimate_heading main_heading=”Payment Scheme” heading_tag=”h1″ alignment=”left”][/ultimate_heading][vc_separator css=”.vc_custom_1526361453719{padding-top: 20px !important;}”][ultimate_heading main_heading=”Normal Payment Scheme (NPS)” main_heading_margin=”margin-bottom:20px;”][/ultimate_heading][vc_column_text]Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.[/vc_column_text][vc_column_text el_class=”projectDetails”]

StagePayment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date20% less Booking Fee
Completion of foundation work10%
Completion of reinforced concrete framework of unit10%
Completion of partition walls of unit5%
Completion of roofing/ceiling of unit5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit5%
Completion of car park, roads and drains serving the housing project5%
Notice of Vacant Possession (TOP)25%
On Completion date15%

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CONTINUE HERE TO READ ABOUT HOUSING LOAN »

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