| |
Hire Purchase to Cash Down
General
DDA has been receiving request from the allottees for conversion of mode
of payment from Hire Purchase to Cash Down Basis. Realizing the difficulties
faced by the allottees in getting the formal permission, DDA has brought
out the comprehensive book let containing conversion tables for different
rates of interest and for different periods for the benefits of the allottees.
Salient Features of the Scheme:
- Allottee need not wait for formal approval from hire purchase to
cash down. He can simply intimate DDA after depositing the balance amount
that he has opted for cash down.
- Allottee can himself work out cash down amount on the basis of example
and tables given in the booklet. Disposal cost and initial deposit are
given in the demand cum allotment letter already available with the
allottee. [Relevant table given in the booklet may be referred to]
- Method of calculation of cash down amount has been well explained
in the booklet.
- Allottee can deposit the amount so worked out with the help of tables
given in the booklet in any of the authorized branches of Central Bank
of India or State Bank of India [List of authorized branches of Central
Bank of India and State Bank of India is given in ensuing page]. Third
copy of bank challan is to be tendered to the concerned Senior Accounts
Officer.
Note:
- If the allottee has defaulted in any of the instalments, he/she would
have to pay all the instalments along with the penalty as per terms
of the allotment.
- Allottee is also required to pay ground rent and service charges
upto date along with interest, if any.
A booklet containing conversion tables for different rates of interest
and for different periods for the benefits of the allottees. is available
on sale against the payment of Rs. 50/- at the sale counter, Reception
Hall, D Block, DDA Office Vikas Sadan, INA, New Delhi. The booklet is
useful and may be consulted for availing the scheme.
- For any further clarification, advice or help, the Director [Housing]
or concerned Finincial Administrator Officer may be contacted
|
|
