Codename Club Class Payment Plan: CLP, Home Loans and Partner Banks

Understanding the Codename Club Class payment plan options helps you plan cash flow well before launch. The developer has indicated a construction-linked payment plan, with milestone percentages to be finalised at the formal launch, after Karnataka RERA registration. Here is how that structure typically works and what to prepare now.

Stage 1: EOI and booking

Payments begin with an Expression of Interest (EOI), which secures a priority number. At launch, the EOI converts into a booking in priority order, and you pay the booking amount confirmed in the unit-wise cost sheet. The agreement for sale follows. Our guide on booking at EOI stage covers the steps.

Stage 2: Construction-linked instalments

A construction linked payment plan in Bangalore spreads the balance across construction milestones – typically foundation, slab stages, finishing and possession. You pay as the building rises, which aligns your outflow with visible progress on site. For Club Class, the exact milestones and percentages will be set out at launch, and RERA's quarterly updates let you check progress against each demand. We will update this guide to the Codename Club Class payment plan options once the milestones are published.

Stage 3: Possession-stage payments

The final instalment is usually due at possession, along with advance maintenance and the corpus fund. Possession is targeted for 2029, linked to 36 months from RERA approval. Maintenance is indicated at roughly Rs 7,300 – Rs 9,200 per month.

Charges that sit outside the plan

Some amounts are paid alongside instalments rather than within them: GST at 5% on under-construction homes, stamp duty and registration at prevailing Karnataka rates, club membership and infrastructure charges, and any floor-rise or preferred location charges. Our cost sheet breakdown explains each one.

Home loan banks for Club Class

The home loan banks for Club Class cited so far include SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Bank of Baroda, Bank of India, Union Bank, Central Bank and Citi. A final approved panel will follow RERA registration. Under a construction-linked plan, the bank disburses in stages against the same milestones, so you pay interest only on the amount released, often called pre-EMI interest, until full disbursement.

Planning ahead

Check your loan eligibility before launch; our guide on the salary needed for a Rs 2.5 crore home loan explains how banks assess it. Compare the entry 3 BHK at Rs 2.15 Cr++ with the larger homes on our price list, then ask our team for an illustration based on your chosen unit. The Codename Club Class homepage has the full project summary.

Related reading: Codename Club Class Cost Sheet Explained and What Salary Do You Need for a Rs 2.5 Crore Home Loan.

FAQs

1. What type of payment plan is offered?
   A construction-linked plan is indicated, with milestones finalised at launch.

2. Which banks are cited for home loans?
   SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Bank of Baroda, Bank of India, Union Bank, Central Bank and Citi; the final panel follows RERA registration.

3. When is the last payment due?
   Usually at possession, targeted for 2029, along with advance maintenance and the corpus.

4. Is GST included in the plan?
   GST at 5% is charged alongside instalments on under-construction homes.