Advance Disbursement Facility

This scheme is also known as 20:80. The customer pays 20% of the agreement value. The balance is paid by the bank/financial institution. Quite a few banks/FI’s disburse upto 100 % of the balance 80% depending on the credit worthiness of the customer. The minimum that Xrbia accepts is 70% of the balance outstanding. The interest cost for the amount of ADF till the time of ready for possession will be borne by Xrbia. However on possession 50% of the interest cost borne by Xrbia will be added to the outstanding payment due from the customer.

Depending on the ADF amount disbursed by the bank the balance outstanding if any is paid upfront on possession.

Incase Xrbia is unable to deliver construction within 36 months from date of construction then it will bear the entire interest cost after 36 months.

Advantages:

• Customer does not pay more than 20% till possession
• After possession the amount of ADF is broken into an EMI over a period of 15/20 years
• The higher the ADF the better as the amount payable upfront on possession will be lower
• Construction risk is reduced
• Since it is bank approved the due diligence in terms of legalities is already taken care of

XRBIA supports many possibilities of housing loans made available by most banks for house financing.