Bank Loan is applied by the Customer and EMIs are paid by Techobuild till OC is received on the disbursed amount.

Since the Loan is availed by the Customer, Disbursement of Loan is directly made to Customer’s account and Customer further pays to Techobuild for Construction Purposes. Additionally, the Payments are to be released as per Construction Milestones only. Hence, the Money Control is in Customer’s hand always.

Techobuild pays for your EMI on the Loan value disbursed for both Principal and Interest Value.

After the OC is received, next liability EMI liability stands on the Customer.

• (i) The major advantage for the Customer is that he/she is not burdened by EMIs during the construction period till OC . The customer can save the money to be paid as EMIs and invest the same in instruments like FD and pay the bank, lowering the debt burden.
• (ii) Less outflow from Self Funds.
• (iii)The customer can reap in benefits of price appreciation during the construction period.
• (iv)If he/she is living in rented house, then there is no double pressure of paying both EMIs and house rent.
• (v)Client can look forwards to upgrade the specification for better Luxury with comfort of monies saved with EMIs free period.

If the delay is due to reason on part of Techobuild, then Techobuild Realtech shall be paying the EMIs until the OC is received.

Techobuild works on Payment Milestones in proportion with the Workscope to be completed under the Milestone shared. The customer can lien 10% of the Milestone value as a Guarantee for payment of the EMIs with them, which shall be released on demand of next milestone and further 10% of next Milestone value can be kept as lien. Hence, the EMI amount is already pre-paid by NGLC Realtech with the customer

. No, since the Loan is Minimum or Maximum Loan value since the Loan eligibility purely depends on customers Financial profile.

Eg. Mr. Sharma enters into a Construction Agreement with Techobuild with estimated Construction Cost of Rs. 3.00 Crore and wishes to avail 30:70 plan with NGLC Realtech. Thus financial illustration becomes:- Construction Cost : Rs. 3.00 Cr. Loan Value : Rs. 2.10 Cr. Self-Funding : Rs. 0.90 Cr. EMIs on Loan availed for Rs. 2.10 Cr. shall be paid by Techobuild till OC is received as per the Loan Amount Disbursed by the Bank/Financial Institution according to Construction milestone shared by NGLC Realtech.