A contract is required with the new general contractor, and the existing Contractor's Verified Statement would need to be updated before
Construction Loan disbursements are resumed.
Not exact matches
Though a pre-EMI may seem cheaper at first, it results in more number of payments as the borrower ends up paying interest till such time as the property is under
construction as well as after the full
disbursement of the
loan amount.
I had taken home
loan for my second house (under
construction) in August 2011 and
disbursements are still happening as per milestones.
Higher income from operations on the back of increased
loan disbursements for vendor financing,
construction equipment, mortgages and consumer durables aided the company's earnings during the quarter.