PMAY Subsidy of Rs 2.67 Lakh, Check Your Loan eligibility for free,compare offers.Apply

 Loan Interest Rate ranges from Min APR(Interest Rate) - 8.35% and Max APR(Interest Rate) - 9.05% with a flexible tenure from 1 to 30 years.

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Example - If you are planning to take a Home Loan of Rs. 10 Lakh at an interest rate of 8.35% for a period of 30 years, then the total interest payable is Rs. 17,29,910 and total amount payable is Rs. 27,29,910. The EMI will be Rs. 7,583 per month. These numbers are indicative and final interest rate or fee may vary from one individual to another depending on the profile of the applicant.

• Loan Approval Even Before a Property is Selected. Loan Approval Even Before a Property is Selected. Flexible Loan Repayment Options. Special Lower Interest for Women Applicant/Co-Applicant. Expert Legal and Technical Counselling to Help You Make the Right Home Buying Decision. Special PMAY-CLSS Home Loan Offers. Round the Clock Assistance.

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 તેના પર ક્લિક કરીને. તમે જાણી શકશો કે તમને  લોન મળશે કે નહીં?

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The Pradhan Mantri Awas Yojana (PMAY) is a government-backed affordable housing scheme that provides interest subsidy on home loans to eligible beneficiaries. Here are the key details about the PMAY loan subsidy:

Also Read: PM Awas Yojana 2025

Eligibility Criteria

1. *Income*: The scheme is divided into three categories based on income:

    1. *EWS (Economically Weaker Section)*: Annual income up to ₹3 lakh.

    2. *LIG (Low Income Group)*: Annual income between ₹3 lakh and ₹6 lakh.

    3. *MIG (Middle Income Group)*: Annual income between ₹6 lakh and ₹18 lakh.

2. *First-time homebuyer*: The beneficiary should not own a pucca house in their name or in the name of any family member.

3. *Women ownership*: The property should be in the name of the female head of the household or in joint ownership with the female head.

Interest Subsidy

1. *EWS and LIG*: 6.5% interest subsidy on a loan amount up to ₹6 lakh.

2. *MIG I*: 4% interest subsidy on a loan amount up to ₹9 lakh.

3. *MIG II*: 3% interest subsidy on a loan amount up to ₹12 lakh.

Loan Amount and Tenure

1. *Loan amount*: Up to ₹12 lakh (MIG II) or ₹9 lakh (MIG I) or ₹6 lakh (EWS and LIG).

2. *Loan tenure*: Up to 20 years.

How to Apply

1. *Online application*: Visit the official PMAY website ((link unavailable)) and apply online.

2. *Offline application*: Visit a participating bank or housing finance company and submit the application form.

Required Documents

1. *Income proof*: Salary slip, income certificate, or ITR.

2. *Identity proof*: Aadhaar card, PAN card, or driving license.

3. *Address proof*: Aadhaar card, utility bills, or bank statement.

4. *Property documents*: Registered sale deed, property tax receipt, or possession certificate.

Benefits

1. *Affordable housing*: PMAY provides affordable housing options to eligible beneficiaries.

2. *Interest subsidy*: The scheme offers interest subsidy on home loans, reducing the EMI burden.

3. *Increased credit availability*: PMAY has led to increased credit availability for affordable housing.

Here are some frequently asked questions about the Pradhan Mantri Awas Yojana (PMAY) loan scheme:

PMAY Subsidy FAQ

Eligibility?

- *Who can apply?*: 

A beneficiary family, which includes husband, wife, and unmarried children, can apply. An adult earning member, regardless of marital status, can also be considered a separate household ¹.

- *Income criteria*: The income norms for various categories are:

    - *EWS (Economically Weaker Section)*: Up to ₹3 lakh per annum.

    - *LIG (Low Income Group)*: ₹3 lakh to ₹6 lakh per annum.

    - *MIG I (Middle Income Group I)*: ₹6 lakh to ₹12 lakh per annum.

    - *MIG II (Middle Income Group II)*: ₹12 lakh to ₹18 lakh per annum ¹.

Loan Details

- *Interest subsidy*: The interest subsidy applicable for each category is:

    - *EWS/LIG*: 6.5%.

    - *MIG I*: 4%.

    - *MIG II*: 3% ¹.

- *Loan amount*: There is no limit to the loan amount, but the interest subsidy will be calculated on a maximum of ₹6 lakh for EWS/LIG, ₹9 lakh for MIG I, and ₹12 lakh for MIG II ¹.

- *Property value*: There is no limit to the property value, but the carpet area should not exceed 30 sq.m. for EWS, 60 sq.m. for LIG, 160 sq.m. for MIG I, and 200 sq.m. for MIG II ¹.

Application Process

- *Required documents*: Declaration form, PAN, Aadhaar, income proof, and property documents are required to apply for the PMAY subsidy scheme ¹.

- *Application procedure*: Apply online through the official PMAY website or visit a participating bank or housing finance company ².

Other Benefits

- *Subsidy benefit*: The interest subsidy will be credited upfront to the loan account, and the EMI will be readjusted ¹.

- *Additional eligibility norms*: The property should have basic civic infrastructure like water, toilet, sanitation, sewerage, road, electricity, etc. ¹.

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