'You' Philosophy

Why Puravankara?
Project Associated Banks
Banking FAQs
From the beginning, we have always credited our customers
for the success of Puravankara. Our philosophy has always
been to win the trust of our customers by providing them
quality living spaces combined with customer centric services.
From a site visit to bank loan processing, from timely
possession of property to assisting with your interiors, we
have dedicated divisions catering for all your needs and serve
You better. Our passion to surprise and surpass Your
expectations is what fuels our innovation and strategy.
All our endeavours at Puravankara revolve around just one
entity - our customers. It is their needs, demands and ideas
that drive us and they continue to remain at the centre of our
universe.
We call this "The You Philosophy."

Home is where the heart is, is a sentiment associated with many
people investing in a home. Therefore, it is imperative that you
choose the right company to entrust building your dream home.
Each and every project at Puravankara is a result of careful research
and analysis, and our understanding of the current trends and our
customers desire has fueled our passion for innovation. There are
many reasons for one to own a property at Puravankara.
Legacy
Puravankara is one of the oldest organizations with over 38 years of
expertise in real estate domain. Puravankara epitomizes trust and
stability. The company has successfully delivered over 36
residential/commercial projects spanning 7.80 million square feet,
with an additional 29 million square feet of projects under
development. Puravankara has also won many prestigious awards,
which is a testament to the companys reputation of being a real
estate developer of highest standards.

Purva Highland
Axis Bank
Citi Bank
Deutsche Bank
HDFC
SBI
IDBI
India Bulls
ICICI
HSBC
Tata Finance
LIC

Purva Skywood
Axis Bank
Citi Bank
Deutsche Bank
HDFC
SBI
IDBI
India Bulls
ICICI
HSBC
Tata Finance


Purva Atria
Axis Bank
Deutsche Bank
HDFC
India Bulls
ICICI
Purva Atria Platina
HDFC
ICICI
Purva Season
Axis Bank
Citi Bank
Deutsche Bank
HDFC
India Bulls
ICICI
Tata Finance
Purva Venezia
Axis Bank
Citi Bank
Deutsche Bank
HDFC
SBI
IDBI
About the Loan
How will a bank decide my home loan eligibility?
We assess the customer's repayment capacity based on income, age, qualifications, number of
dependents, spouse's income, assets, liabilities, stability and continuity of occupation, and savings history.
What is the repayment tenure?
Repayment tenure is the tenure for the number of year for which the loan gets sanctioned. We offer you a
wide range of options for the tenure of the loan. You can take a home loan for up to 20 years (dependent
on the bank) provided you do not reach the age of 65 years or retire within that period.
How is the loan repaid?
All loan repayments are done via equated monthly installments (EMI).
What is an EMI?
An EMI refers to an equated monthly installment. It is a fixed amount which you pay every month towards
your loan. It comprises of both, principal repayment and interest payment.
When does the repayment start?
EMI payments start from the month following the month in which the full disbursement has been made.
How is the EMI paid?
The EMI is to be paid every month through post-dated cheques (PDCs) or Electronic Clearing System
(ECS)*. If you are opting for PDCs, then you will have to provide 36 PDCs upfront. The PDCs are to be
dated on the 1st of every month.
What if a PDC bounces?
In the case of a bounced cheque or delayed payment, charges and outstanding dues will be charged as
per the prevailing company policy. You can replace old PDCs with new ones within 5 - 7 working days.

Interest Rates,Types and Calculation
How is the interest on my loan calculated?
Interest on a loan is payable on the entire loan balance at any given point of time and the simplest
method of calculating interest is:
Interest = (Principal X Rate X Rime) / 100.
However, different lending institutions have different methods of applying the interest payment received
from the borrower as part of his EMI. This is discussed later in this section.
What are the bases of interest rates calculation?
The interest on most loans is usually calculated on Monthly Reducing or Yearly Reducing Balance. In
Monthly Reducing Balance, as you pay your EMI each month, the principal part of the EMI is adjusted
against the outstanding principal on a monthly basis; However in Yearly Reducing Balance, the principal is
reduced at the end of the year, therefore the borrower pays interest on a certain part of the principal which
has actually been paid back to the bank. This means that the monthly reducing system is a cheaper
means of paying on your loan.
What is the Fixed Rate of Interest?
Fixed rate of interest means that the interest rates remain FIXED for the entire duration the loan and there
is no benefit to the borrower, even if the interest rates in the market drop.
What is a Floating Rate of Interest?
This is the rate of interest that fluctuates according to the market lending rate.
What is a Semi-Fixed Rate of Interest?
A semi-fixed rate of interest is a combination of fixed and floating rates. The rate remains unchanged for
the first one to three years (varies from lender to lender). Post this period, the rate of interest becomes
floating.