Payment Plans Explained
Arada offers flexible, interest-free payment plans to make owning your dream home more accessible. Whether you're a first-time buyer or an investor, there's a plan that fits your goals and cash flow. Let’s break it down.
๐ Typical Arada Payment Plans
| Plan Type | Structure | Best For |
|---|---|---|
| Standard Construction Plan | 10% down payment, 60% during construction, 30% on handover | Buyers who want to spread costs over time |
| Post-Handover Payment Plan | 10% down, 50% during build, 40% over 2–5 years after handover | Buyers who want to move in sooner and pay later |
| Cash Buyer Discount | 100% upfront or within 30 days | Investors or buyers looking for best price ๐ฐ |
๐ How It Works
- Reserve your unit: Pay the booking fee (typically 5%–10% of the property value).
- Agree on a payment plan: Choose a structure that matches your needs.
- Follow your schedule: Pay instalments based on milestones (e.g. foundation, structure, handover).
- Post-handover phase (if applicable): Continue scheduled payments after receiving the keys.
Note: Specific plans may vary based on the project and property type. Always check the Sales & Purchase Agreement (SPA).
๐ค Pros and Cons
- ✅ No interest on developer payment plans
- ✅ Lower upfront costs than traditional mortgages
- ✅ Multiple options to suit various budgets
- ⚠️ Penalties may apply for missed payments
- ⚠️ Handover delay risk on off-plan properties
❓ Frequently Asked Questions
Are payment plans interest-free?
Yes, Arada's direct payment plans are typically 0% interest unless stated otherwise in the agreement.
Can I change my payment plan after signing?
In some cases, yes. You’ll need to contact Arada’s Customer Care team to request an amendment, subject to approval.
Can I pay off early?
Yes, you can pay in advance or in full at any time. Early settlement discounts may apply for cash buyers.
Do banks offer financing on Arada properties?
Yes, Arada works with multiple local banks. Mortgage approval is subject to bank eligibility and property criteria.
What happens if I miss a payment?
Late fees may be applied, and continued non-payment could result in contract termination. Always reach out early if you anticipate a delay.
๐ก Need help choosing the right plan? See how the purchase process works or speak with an Arada advisor today.