Email

East West Developments PROPERTY INTERNATIONAL . UAE INDIA NEPAL SRILANKA THAILAND MALASYSIA JAPAN EGYPT CYPRUS SPAIN TURKEY BULGARIA PANAMA COSTA RICA AUSTRALIA. www.eastwestdevelopments.com emails: [email protected] [email protected]

Please print, fill in the details, and sign and fax it to: 01 9164195257.

IN-HOUSE DEVELOPER�S FINANCE

Application Form

98 % Non-Status Financing

This document prints on 3 pages.
This offer may be withdrawn anytime without notice.

East West Developments are delighted to offer their projects with 98% finance available to all.
No filling in application forms! No documents required
No waiting over 2 weeks for a decision! Etc.

The terms and conditions are as follows:

0% interest. $0 processing fee. No early pre payment fees.
Substantial Late fees. (equal to 10% of the late payment).
2% Monthly installments only.
Buyers desiring 98% Financing must submit the Finance Application form. Plus the monthly installment payment by credit card authorization form.

EXAMPLE: This is only an example to help the Buyer understand the details. If in doubt consult your representative at [email protected] before deciding. Sample Calculations as on price of $100,000 on a studio at the CondoHotel.

Property Details: Project Name: Slovakia Condohotel Unit type: Studio Purchase Price:$100,000 Finance Amount: $98,000

		Studio	Parking Slot
1	Price (Total amount due over 50 month)	$100,000	$11,000
2.	($100,000 divided by 50) 50 Monthly payments each of	$2,000	$220
3.	Each monthly installment of 2%.	$2,000	$220

The monthly loan payments is paid every month. All funds received are immediately credited to the Buyers account with the Developer. It is the responsibility of the buyer to send to the developer all the installments on time.

The Buyer can stop making the monthly payments after 15 Installments have been paid.

The Buyer can stop making the monthly installments after the 15 monthly installments (30%) have been paid, and pay the balance 50% (70% less 20% towards the Cash back = 50%) on completion of the building. For this balance of 50% the developer can advice the Buyer on the various loans offered by the local banks, or can take the loan from the developer at that time. The Buyer can however continue to make the monthly installments on-time, and make his full payments, if he wishes to benefit from the additional 10% cash back. In this case the Buyer has to make a total of 35 monthly installments (70%) In this Full pay Option, with on-time payments, the 20% cashback is paid to the buyer in advance and the buyer is actually buying the property at 70% of the purchase price. At 70% the Buyers full purchase price is reduced to $70,000 only instead of the $100,000.

The buyer may send the payment by check, cashiers check, (out of country checks are not accepted). By online Bill pay, money order, Western Union, Bank transfers, Wiring funds, credit card etc. Any means, which is convenient and more economical to the buyer. The Developer can recommend the most reliable and economical way of sending the payments, and when the buyer follows the Developer's instructions, then the Developer will bear all the Bank or Credit card transaction charges towards sending the funds. The buyer has to bear all exchange rate differences as may be applicable. If using Paypal go to www.paypal.com and send payment to the developers email account of [email protected]

ON-TIME PAYMENTS: On-time payments are very important for the developer. Please make sure all the monthly installments are received on time, (on or by the last day of every month). There is a grace period of 15 days only on the monthly installments. If payment is late, beyond the15 days of grace period, it will attract substantial late fees (equal to 10% of the payment late), and will invalidate the 20% cashback plus all other offers. All payments will first be applied towards late fees, if any, and then towards the installment balance. Part payment of an installment is still subject to the full late fees.

A word of Caution: Buyers using the 98% Financing option, before making reservations, please check that they will be able to meet the installment or mortgage payments. There is no refund for Cancellation of the Purchase, once the installment payments start. The Buyers could loose their property resulting in substantial losses, if they default on their mortgage or installment payments, before making atleast 15 installments.

All payments are to be made in the name of the developer, East West Developments. If in default of payments, before 15 installments are paid, or if the payments are late by more than 6 months, then the reservations may be cancelled at the developers discretion. Buyers, can no longer sell their ownership if it is in default or cancelled. There is NO refund on cancelled units, and all the buyers payments made to that date will be forfeited.

In case of more than 6 months, condoning of the delay will be at the sole discretion of the developer. In case such delay is condoned the investor will have to pay double the late fees on each late installment as penalty, and will have to bring current all his payments.
The Buyer can upgrade to a higher Payment Plan within 90 days of his first payment. After 90 days, Midway switch or change to another Payment Plan Option is not allowed.

For Resales, please check the Resale Pool Page.

38 to 50% Guaranteed gross rental will be paid on the payment of the buyer at reservation time. In the above example for the studio taking the purchase price of $100,000, then the 38 to 50% guaranteed rental will be on $20,000 (66% of the 15 installment payments). OR on $35,000 (50% of the 35 installment payments). This amount is taken as the average invested amount by the Buyer at reservation time. It all depends when and how much the buyer invest and pays from their reservation date.

I have read the above 98% Financing terms. Understand it and fully agree to, and abide to it.

Applicant�s Details:

Title: _____ First Name: _____________________________ Last Name: ________________________________MI _________

Nationality:______________________________ Date of Birth: dd ________ mm ______________ yy __________

Marital Status: Married ( ) Single( ) Separated( ) widowed( ) other( )_______________

Address ___________________________________________________________________________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________________________________________________________________________________________

City: ______________________________________________ _ ZIP/Postal Code:________________ Country:_________________________

Phone No.:_______________________________ Mobile No.:_____________________________________

Fax No.:______________________________ E-mail:____________________________________________

Property Details:

Project Name or Location : ________________________________ Unit type: ______________________

Purchase Price: ________________________ ________________________

( ) The credit card monthly installment payment authorization is enclosed.

I/ We the undersigned hereby declare that the information provided in this application by me/us to East West Developments on this application is accurate, true, complete and current, and I/we understand that we must inform East West Developments in writing at any time of any changes in my occupation/employment or status of my/our residency. I acknowledge that East West Developments has the sole discretion to approve or decline my/our application without revealing any reason for its decision to do so.

In the case of joint applicants we acknowledge and agree that we are both liable and responsible severably and jointly to repay the facilities/amount that may be extended to us by East West Developments.

East West Developments has the right at any time without any notice to sell or transfer the loan/finance facility applied for under this application to a third party and the terms and conditions of the mortgage will remain unchanged.

Signed on behalf of the Buyer by:

Name_____________________________________________ Signature: _________________________________ Date _________________

FOR OFFICE USE ONLY: Do not write below this line.

Accepted on behalf of East West Developments Division: by:___________________________________

Designation;_________________________ Signature: ____________________________Date_________

Property Insurance (Details) __________________________________________________________________________________________________

Processing Fees: _________________ Finance Amount:_______________________ Monthly payment:______________

Installment start date: ______________ # of Installments:_______________________ Terms of finance:___________________________

Site is optimized for 800 x 600 pixels