How Does Shivalik Group’s Payment Plan 10:75:15 Benefit Homebuyers?

As one of the leading developers in the real estate sector, Shivalik Group has consistently delivered excellence and quality to its customers. Customers are at the center of everything Shivalik Group does, making it a trusted choice in Ahmedabad real estate.

One common point that has been analyzed when customers buy homes is the challenge of managing their finances. Many homebuyers face the burden of having to manage the entire fund upfront, along with ongoing monthly EMIs.

As a solution to this problem – Shivalik Group has introduced a customer-centric payment plan referred to as the – 10:75:15 plan.

We have already implemented this payment plan in Shivalik Sharda Harmony and The Crown. Many homebuyers appreciate the thoughtful and customer-friendly approach and we have received an overwhelmingly positive response.

Here are the details of this approach that is intended to make the dream of homeownership more convenient and stress-free.

What is the 10:75:15 Payment Plan?

The 10:75:15 payment plan is a thoughtful solution to ease the financial stress of home ownership. This is how it works:

1. 10% as a Token
   To begin your home-buying journey, you only need to pay 10%. Taking this first step allows you to secure your dream home without making a large upfront payment.
2. 75% Loan with EMI after Possession
   75% of the total amount is covered by a loan, with EMI payments beginning after possession. In this way, you don’t have to worry about EMI payments until you move into your new home.
3. 15% Due Upon Possession
   You will pay 15% upon taking possession of your new home. Taking this phased approach to payments ensures a smooth and stress-free buying experience, allowing you to settle in easily.

What Are the Benefits of This Payment Plan?

A key feature of the 10:75:15 plan is that there are no interest or home loans until possession.

Consider this scenario – with a traditional home loan at 9% interest for Rs. 1 crore over 30 years, you would pay Rs. 9.65 lacs in interest every year. In the 10:75:15 plan, you'll have no interest payments or home loan obligations until you take possession of your new home.

In practical terms, this means substantial savings. Depending on the possession timeline, you could easily save Rs. 20-30 lacs by avoiding interest payments during the pre-possession period.

Also, those who live in rented houses benefit from this plan since EMIs don't start until they get possession, so they don't have to worry about managing both.

Shivalik Group is planning to extend the same transparent and hassle-free payment plan to its upcoming projects.

Get in touch with Shivalik Group to learn more about this innovative payment plan and to find your dream home.

– Kishan Thakkar