'Builders cannot pay EMIs on behalf of buyers'
'Builders cannot pay EMIs on behalf of buyers'
https://ift.tt/2GplUZA The developers will no longer be able to incentivise buyers by paying the latter’s home loan EMIs. The National Housing Bank has asked mortgage companies to desist from offering loan products that involve servicing of the dues by builders, developers, etc, on behalf of the borrowers. The circular is expected to cut off one of the cheaper sources of funds for builders.
https://ift.tt/eA8V8J from Times of India https://ift.tt/2GplUZA
via Blogger https://ift.tt/30PKomq
July 23, 2019 at 10:37AM
https://ift.tt/2GplUZA The developers will no longer be able to incentivise buyers by paying the latter’s home loan EMIs. The National Housing Bank has asked mortgage companies to desist from offering loan products that involve servicing of the dues by builders, developers, etc, on behalf of the borrowers. The circular is expected to cut off one of the cheaper sources of funds for builders.
https://ift.tt/eA8V8J from Times of India https://ift.tt/2GplUZA
via Blogger https://ift.tt/30PKomq
July 23, 2019 at 10:37AM
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