A flexi-payment plan, also known as a flexible payment plan, is a payment option that allows customers to purchase products or services.
Purchasing a house is a major financial decision. Since it involves a large sum of money, finances become a key concern for most home buyers, especially first time buyers. To enable hassle-free property transactions, many developers offer various payment plans for buyers. One of the popular payment models is the flexi-payment plan or flexipay. This payment plan involves a combination of down payment and construction-linked payments, which ensures the buyer’s convenience.first time buyers.
Developers offer different types of payment plans to facilitate easier property transactions for buyers. Flexi-payment is a payment plan offered for property buyers where they make a down payment of a certain amount and pay the remaining in EMIs over a specified period. Flexible payment plans are available as 50:50, 30:70 and 20:20:20:20:20 options.
Discount from developers As the buyers pay an initial lump sum amount, they can save 5-6% of the total property cost. Developers quote a price keeping this discount in mind. Property buyers find flexi-payment a suitable option as they can profit from the potential capital growth over the payment duration. As the property’s value increases over time, they benefit from this appreciation, especially when trying to refinance or sell the property.
