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16 - Special Developer Schemes

OCR Deferment Scheme
• Initially, customer pays a part of OCR at the start of loan, while in
normal scenario entire OCR is to be paid upfront.
• Balance OCR is paid at later dates.
• Full OCR to be paid before possession of property.
• Amount & timing of OCR payment mapped to the payment schedule
of builder and as per scheme approval.

Subvention Scheme
• Builder pays the interest on home loan taken by the customer for
purchase of a property in the project of the builder.
• Percentage and duration of the interest borne by the builder is
agreed at beginning of the arrangement specific to project.
• Builder either pays the discounted interest upfront or pays monthly
installments.
Documentation
• MOU with developer executed at the time of project tie-up.
• Tripartite Agreement (T.P.A.) to be signed by developer, customer
and PCHF.

Interest Moratorium
• Under this scheme, customer pays no interest for pre – defined
time period.
• Interest for this duration is added to principal outstanding of the
loan.
• Customer pays Pre-EMI / EMI as per principal outstanding after the
end of Moratorium period.
Documentation
• Declaration from customer for Interest Moratorium.

* Balance Loan documentation as per normal loan process.

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