Sir,
As a Banker in my previous stint, I have a few perspectives on this issue :
Provision:/Interest Rates: Housing Loans are favourably viewed as RBI mandates lower provisions. While developer loans are limited by quantum(5% of NW) and attract higher provisions (Real-estate Exposure). Interest rates are higher on developer loans and very low on Home Loans. Home loans have also benefit of being included in priority sector lending(if below 35/25 lacs in urban/rural areas).
Tenure/ Payment options: Housing Loans are typically 15-25 years. Bank prefer this book as likelihood of prepayment is very less. Housing Loans have fixed EMI. Developer Loans are project loans where payment is usually due in 3-5 years and payment is based on advances from customers and project milestones.
Moratorium for developers is upto Project start i.e. getting plan approved/ project launch. For Home loans EMI starts based on pre determined date/ completion of house whichever is earlier. Interest is charged in both the cases on amount drawn.
Hope it is clear. All the best.
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