Pradhan Mantri Awas Yojana (PMAY)

  • subsidy

    Over 1024 cr. Subsidy Disbursed

  • family

    43000+ Happy Families

With ‘Housing for all’ at the centre of mission statement, PMAY scheme was launched by government to support in acquisition/construction of Pucca house to all eligible

The government may support to households by the means of loan assistance or by allowing interest subsidy. The applicability & amount of subsidy is subject to following key criterias:

Particulars EWS LIG MIG I MIG II
Household Income (Rs. p.a) 0-3,00,000 3,00,001-6,00,000 6,00,001-12,00,000 12,00,001-18,00,000
Eligible Housing Loan Amount for Interest Subsidy (Rs.) Upto 6,00,000 Upto 6,00,000 Upto 9,00,000 Upto 12,00,000
Interest Subsidy (% p.a.) 6.50% 6.50% 4.00% 3.00%
Maximum loan tenure (in years) 20 20 20 20
Maximum dwelling unit carpet area 30 Sq. m. 60 Sq. m. 160 Sq. m. 200 Sq. m.
 

Home loans to avail above subsidy have a maximum tenor of 20 years and can only be availed against Home loans sanctioned by IIFL home Finance.

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Also, read more about:

How to Apply for Pradhan Mantri Awas Yojana (PMAY) ?

Application for home loan with loan assistance/ interest subsidy under PMAY scheme may be made here Apply now.

IIFL shall ensure to apply to government on your behalf against the Home loan for requisite subsidy as applicable.

Necessary Documents

Following is a list of indicative documents which shall be required for all applicants / co-applicants:

  • PAN (mandatory)
  • Valid Passport/Voter Card/Aadhar Card
  • Last 3 month salary slips, latest Form 16/ITR
  • Last 6 months salaried account statement
  • Property chain documents/Approved Plans
  • Sale Agreement/Construction Agreement

Pradhan Mantri Awas Yojana Subsidy Calculator

Have you availed central assistance under any housing scheme from Govt. or any benefit under PMAY?
Any of your household member or you own a pucca house anywhere in India?
50K 18L
₹ 50 K ₹ 3 Cr
Years
3 Years 30 Years
8.7 % 25 %
Is adult female part of applicant's household?
Congratulations !

You may save

2,67,280

on your Home Loan, under PMAY!

Subsidy Category - EWS/LIG

20.46 %
2,353
Sorry,

You may not be eligible for Credit Linked Subsidy under PMAY

Helpline Number: 1860-267-3000
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Pradhan Mantri Awas Yojana Subsidy Calculator

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Steps to apply for Pradhan Mantri Awas Yojana (PMAY) online

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