Booking to top slab
Booking
The bank releases money against each milestone. You pay interest on what has been released, and it climbs with every slab. This is the stretch we pay back.
We pay your home loan interest until the last slab of your tower is cast.
The interest you pay your bank through construction comes back into your account, every month.
Starts with your first disbursement, ends at the last slab
First, what a Pre-EMI actually is
Your bank does not hand you the whole loan on the day you book. It releases the money slab by slab, as the tower goes up.
Until you get possession you do not pay a full EMI. Every month you pay interest on whatever has been released so far, and nothing towards the principal. That monthly interest is the Pre-EMI.
That is the payment this offer covers.
Top slab to possession
Top slab
The finishing months. You keep paying the Pre-EMI, now out of your own pocket.
After possession
Possession
The full EMI starts. Principal and interest, and you are living in the flat.
Booking
Top slab
Possession
Booking to top slab
The bank releases money against each milestone. You pay interest on what has been released, and it climbs with every slab. This is the stretch we pay back.
Top slab to possession
The finishing months. You keep paying the Pre-EMI, now out of your own pocket.
After possession
The full EMI starts. Principal and interest, and you are living in the flat.
For three years you pay a bill every month for a building you can only look at from the gate.
It does not reduce what you owe by a single rupee, and you cannot live in the flat yet. Nobody puts that number on a brochure
We pay all of it back.
- A ₹2 Cr home
- ₹1.6 Cr from the bank
- 8.5% interest
- 37 months of construction
₹21,250
Your Pre-EMI in month one
₹99,167
Your Pre-EMI at the top slab
37
Months the offer runs for
₹20,75,417
What we pay back to you in total
Run it yourself
₹
₹21,250
Month one
Your down payment
₹40,00,000
₹99,167
The month it tops out, the highest it gets
Interest rate
8.5% per annum
₹20,75,417
What we pay back over 37 months
Your monthly Pre-EMI
We pay back all of it
BookingTop slab, month 37
ASBL pays all of this back to you
It steps up each time the bank releases money. It stops the month the terrace slab is poured.
The disbursement schedule behind these figures
Within 30 days of booking₹30,00,000 disbursed · 6 months
₹1,27,500Excavation complete₹50,00,000 disbursed · 3 months
₹1,06,250Footings complete₹60,00,000 disbursed · 6 months
₹2,55,000Basement 5th slab completed₹80,00,000 disbursed · 10 months
₹5,66,66720th floor slab completed₹1,00,00,000 disbursed · 4 months
₹2,83,33330th floor slab completed₹1,20,00,000 disbursed · 4 months
₹3,40,00040th floor slab completed₹1,40,00,000 disbursed · 4 months
₹3,96,667Total₹20,75,417
At RTC X Roads, a tower like this has to be built first
The finished homes around here are independent houses and five floor buildings. They cost less and they are a different kind of home.
To own a flat in a tower in this neighbourhood you wait three years while it goes up, and through those three years you pay interest on a home nobody can live in. That is the part we took off you.
The same flat, the same loan, with and without the offer
While the tower goes upOn a regular home loanASBL Pre-EMI Offer
Who pays the interestYou do, every month.You pay the bank, we pay it back to you.
What that costs you over 37 months₹20,75,417Nothing.
Money you put in before you get the keysDown payment (10% to 20%) + ₹20,75,417.Down payment (10% to 20%).
Your priceWhatever is on your cost sheet.The same. Nothing is adjusted against it.
Three details worth reading before you sign
It is its own agreement, signed by both sides
The Pre-EMI Offer is not a clause inside your booking form. It is a separate scheme agreement that you and ASBL both sign, naming the milestone, the amount and when the money reaches you.
You take a copy home. It is enforceable the way any agreement is.
Your credit score never depends on us
The loan is in your name and you service it yourself. Your bank records each Pre-EMI against your own account, so the repayment history the credit bureaus see is yours and unbroken.
That is the record a bank reads the next time you refinance, top up, or borrow for anything else.
It follows your floating rate
Home loans here are floating rate, linked to the repo rate, so your Pre-EMI changes whenever the rate does.
We pay back the interest your bank actually charged that month, not a figure fixed on booking day. If the rate rises during construction, our payment rises with it.
Three limits, in plain terms
It stops at the top slab
That is earlier than the day you get your keys. The finishing months after it are yours to pay for, and we cannot extend the offer into them.
You will pay tax on it
The money reaches you as other income. Ten per cent TDS comes off, then your slab rate. In the 30% bracket you keep about ₹14.5 lakh of the ₹20.75 lakh.
Ask your CA about your Section 24(b) claim before you plan around the bigger number.
The loan has to come from a partner bank
That is what keeps the money going out and the money coming back in step. If yours is somewhere else, say so before you apply.
We did not invent this for Legacy.
It has run at our earlier projects for years. The money went out month on month, including in months when a handover date slipped.
Hyderabad is full of ASBL owners. Ask one.
The ones that carry real doubt
What do I have to do each month?
Pay your Pre-EMI to the bank, then send your relationship manager the statement that shows it. The money follows.
Is this a discount with a different name?
No. Your agreement value does not move. You pay the bank as usual and the same amount comes back.
What if construction runs late?
The offer hangs on a milestone, not a date. If the terrace slab comes later, the money keeps coming until it does.
What if I sell before possession?
The scheme sits with the booking, not with you. The transfer clause is in the agreement and the sales team will read it to you before you sign.
What if I prepay, or my rate moves?
We pay back what the bank charged. Rate up, we pay more. Prepay, we pay less.
How is it taxed?
As other income. Ten per cent TDS, then your slab. Your CA should also check it against your Section 24(b) treatment.
When does it end?
The day the terrace floor slab of your tower is poured.
