Prestige Palm Court Payment Plan
Flexible Payment Options
Prestige Palm Court offers multiple payment plans designed to accommodate different financial situations and preferences. Whether you prefer a construction-linked plan, down payment option, or easy EMI scheme, we have a plan that suits your needs.
Construction Linked Payment Plan (CLP)
The Construction Linked Plan allows you to pay in installments as the construction progresses. This is the most common payment plan and offers the following structure:
| Construction Stage | Payment Percentage |
|---|---|
| Booking Amount | 10% |
| Agreement Execution | 10% |
| Excavation Complete | 10% |
| Plinth Level Complete | 10% |
| Basement Complete | 10% |
| Ground Floor Complete | 10% |
| First Floor Complete | 10% |
| Flooring Work | 10% |
| Plumbing & Electrical | 10% |
| Possession | 10% |
Down Payment Plan
For buyers who prefer to make a larger upfront payment, the Down Payment Plan offers additional benefits:
| Payment Stage | Amount | Benefits |
|---|---|---|
| Booking | 10% | Unit Confirmation |
| Within 30 Days | 25% | Additional Discount |
| Agreement | 55% | Price Lock |
| Possession | 10% | Final Settlement |
Down Payment Benefits:
- Up to 5% additional discount on base price
- Priority unit allocation
- Price protection against future increases
- Faster documentation process
Flexi Payment Plan
A customized payment plan that combines the benefits of both CLP and Down Payment plans:
- Pay 20% at booking
- Pay 30% within 6 months
- Balance 50% on possession
This plan is ideal for buyers who have moderate savings but expect higher income or fund availability in the future.
Home Loan Assistance
Prestige Palm Court is approved by all major banks for home loans. Our dedicated loan assistance team helps you:
Partner Banks
- State Bank of India (SBI)
- HDFC Bank
- ICICI Bank
- Axis Bank
- IDBI Bank
- Kotak Mahindra Bank
- Punjab National Bank
- Bank of Baroda
Home Loan Benefits
- Competitive interest rates starting from 8.5%
- Loan tenure up to 30 years
- Up to 90% loan-to-value ratio
- Quick processing and approval
- Tax benefits under Section 80C and 24(b)
EMI Calculator
Approximate EMI for different apartment types (at 8.5% interest for 20 years):
| Apartment Type | Price (Approx.) | Loan Amount (80%) | Monthly EMI |
|---|---|---|---|
| 1 BHK | Rs. 80 Lakhs | Rs. 64 Lakhs | Rs. 55,500 |
| 2 BHK | Rs. 1.1 Crores | Rs. 88 Lakhs | Rs. 76,300 |
| 3 BHK | Rs. 1.5 Crores | Rs. 1.2 Crores | Rs. 1,04,000 |
| 4 BHK | Rs. 2.75 Crores | Rs. 2.2 Crores | Rs. 1,90,700 |
Payment Milestones and Documentation
At each payment milestone, the following documents will be provided:
- Booking: Allotment Letter, Payment Receipt
- Agreement: Sale Agreement, Payment Schedule
- Progress Payments: Demand Letter, Receipt
- Possession: Completion Certificate, Handover Documents
Tax Benefits
Home buyers can avail significant tax benefits:
- Section 80C: Up to Rs. 1.5 Lakhs on principal repayment
- Section 24(b): Up to Rs. 2 Lakhs on interest payment
- Section 80EEA: Additional Rs. 1.5 Lakhs for first-time buyers
- GST Input Credit: Available for under-construction properties
Important Payment Information
- All payments should be made through cheque, demand draft, or bank transfer
- GST, stamp duty, and registration charges are payable at applicable stages
- Delay in payment may attract interest charges
- Payment receipts will be issued for all transactions
Contact for Payment Assistance
For personalized payment planning and home loan assistance, please contact us. Our financial advisors will help you choose the best payment plan based on your financial situation.
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