Luxurious Life in the Lap Of Nature

  • Luxury Villas
  • Kolenchery
  • 2200-2635 Sq ft
  • 3 & 4 BHK

About Lavender Bay

Lavender Bay, brings to you a whole new level of luxury in the lap of nature. Conceived by master architects, the materials used for construction are of the finest quality and enhances your experience of a harmonious life. You will experience true beauty, within and around. Your aspirations for a beautiful life comes true at Lavender Bay.

NATURE’S BEST COUPLED WITH THE FINEST URBAN CONVENIENCES

Although tucked away from the hectic urban life, Lavender Bay will never miss the conveniences of urban life. The villa project is set in close proximity to the International Airport which is 30 Kms away. Sea Port – Airport Road opens up easy accessibility to Kochi, the metro city. Kolencherry Medical College is just 1.5 Kms away, while a brief ride will take you to the Lulu Mall and other urban conveniences. Religious institutions and educational institutions are never far from you. Get everything best life has to offer at Lavender Bay.

Type – 1

ELIGIBILITY CRITERIA

Income : Rs. 50,000

Total EMI’s being paid : Rs. 10,000

EMI to Income Ration : 20% [10,000 / 50,000]

Rule of thumb EMI to Income Ratio: 50% [lenders assume you will need half salary for living expenses].

Total Borrowing Capacity : 50% * Rs. 50,000 = Rs. 25,000

Total Incremental EMI that individual can afford : Rs. 25,000 – Rs. 10,000 = Rs. 15,000

Basis this EMI, total additional loan that may be sanctioned at an interest rate of 10% over 20 years = Rs. 15,00,000

LOAN APPLICATION IS LIKELY TO GET APPROVED

Income : Rs. 1,00,000

Total EMI’s being paid : Rs. 50,000

EMI to Income Ration : 50% [50,000 / 1,00,000]

Rule of thumb EMI to Income Ratio: 50%

Total Borrowing Capacity : 50% * Rs. 1,00,000 = Rs. 50,000

Total Incremental EMI that individual can afford : Rs. 50,000 – Rs. 50,000 = Rs. 0

Basis this EMI, total additional loan that may be sanctioned at an interest rate of 10% over 20 years = Rs. 0

LOAN APPLICATION IS LIKELY TO GET REJECTED

ASSOCIATED BANKS

HDFC Bank
Federal Bank
ICICI Bank
Union Bank
 
LIC HFL
Punjab National Bank
PNB Housing Finance
IDBI Bank

Loan Documents

1. Copy of Pan Card

2. Address Proof And Id Proof

3. Clear passport sized photo

4. Original Bank Statement for last 6 months

5. Last 6 months Payslips

6. Last 3 years FORM 16

7. HR manager /Reporting officer Name ,Contact Number E Mail , Company Website

8. ECS For Repayment

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