For many, the dream of owning a home may seem a far-fetched one, often owing to the mounting burden of high home loan interest rates. These rates can easily add up to almost 40% of the total property cost, impacting your financial well-being to a great extent. But what if there was a way to reduce this burden substantially and realise your dream of owning a home sooner?
The dynamics change when people start opting for the revolutionary At Your Price (ADP) payment plan by Rashmi Group, India’s leading real estate developer. Launched in 2008 with a vision of “Ghar Ho Toh Aisa” (Let your home be as it is), Rashmi Group identified the financial pressure put on buyers by conventional home loans. At Your Price plan is their innovative solution, which empowers people to become home owners without breaking the bank.
About your dam and how it saves people’s hard earned money
The At Your Price (ADP) scheme is specifically for homebuyers looking to avail a home loan. Here’s how it is divided into three main phases, each of which is designed to maximise your savings.
Step 1: Reduced Down Payment
Unlike traditional home loan structures that require a minimum down payment, ADP allows you to start with a slightly higher initial investment, typically around 10% more. This small increase leads to significant savings later on.
Step 2: 0% Interest EMI
This is where the real magic of ADP comes in. Instead of paying hefty monthly interest payments during the construction period, you pay a fixed monthly installment (EMI) with 0% interest. This means substantial savings on interest, which brings down the total cost of your home significantly.
Step 3: Flexible payment on possession
After you find your dream home, you have the option of paying the remaining amount through a traditional home loan. However, the beauty of ADP lies in the fact that you have already saved a significant amount on interest during the construction phase. This reduces the loan amount you require and reduces the interest burden in the future.
Benefits of Planning on Your Dam
Choosing a plan at your price will provide you with a number of benefits that can significantly benefit you in your home buying journey:
1. Huge interest savings
The real power of ADP lies in its ability to help you save a significant amount on interest. By eliminating a significant portion of interest payments, you can save lakhs of rupees, reduce your financial burden and free up resources for other important aspects of life.
2. Reduction in tenure
By eliminating a large chunk of the interest payments, the total loan tenure is reduced by a significant 1/3. This means you can become a homeowner much sooner, allowing you to enjoy your dream home and create lasting memories within its walls.
3. Simplified process
The application process for the ADP scheme has been made simple and user-friendly. You can easily apply online through the Rashmi Group website, thereby getting rid of unnecessary hassle and paperwork.
Security and peace of mind with a reputable developer is what makes the difference
Rashmi Group is a well-established developer known for its commitment to quality construction, transparency in transactions and customer satisfaction. When you choose a plan on your dam, you not only get substantial financial benefits; but you also get the peace of mind that comes with associating with a trusted brand.
The first step towards your dream home
Currently, the ADP scheme is available for upcoming Rashmi Group projects in Mumbai, specifically between Mira Road and Virar. However, with their vision to empower homebuyers across India, the scheme is set to be expanded in the near future. Here’s how you can get started:
- Visit Rashmi Group website: https://www.gharhotoaisa.com/
- Click on the “Projects” section to know their upcoming offerings.
- Use filters to narrow your search based on your preferred area and location, getting you closer to your dream home.
- Once you have identified the project that suits your needs and desires, select it to know more about the scheme’s availability at your dam.
By following these simple steps, you are well on your way to an exciting journey of owning your dream home with significant financial savings and a shorter loan term.
Rashmi Group’s Apne Daam Par plan is a big change in the Indian real estate market. It empowers homebuyers by offering substantial interest savings, shorter loan tenures and a secure process. So, don’t let the fear of high interest rates hold you back from owning a home. Explore the Apne Daam Par plan and take the first step towards building your dream future with Rashmi Group.
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