The EMI Projects offer a variety of financing options for different types of projects, each with
its own requirements and terms. For residential projects, a minimum down payment of 20% is
required, and there is no need for collateral. The tenor, or loan term, for residential projects
can be either 36, 48, or 60 months, with a flat rate of interest starting from 7.49% p.a., 7.99%
p.a., and 11.15% p.a. respectively. The project value for residential projects can go up to INR
5 Lakhs.
For Group Housing Society/Trust projects, the tenor is 36-60 months with a flat
rate of interest starting from 7.49% p.a. The project value for this type of project can go up
to INR 60 Lakhs.
Commercial and Industrial projects can also benefit from EMIL Projects financing, with tenor
options of up to 60 months and project values going up to INR 2 Crores. The flat rate of
interest for these projects starts from 7.49% p.a. and goes up to 11.49% p.a.
It is
important to note that all financing options through EMIL Projects have no collateral
requirement, making it easier for individuals and businesses to access the funds they need to
start or complete their projects.
