Pradhan Mantri Awas Yojana (PMAY)
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.
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.
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
You may save
on your Home Loan, under PMAY!
Subsidy Category - EWS/LIG
You may not be eligible for Credit Linked Subsidy under PMAY
Steps to apply for Pradhan Mantri Awas Yojana (PMAY) online
Visit the official website of the PMAY
Complete Citizen Assessment & Save system generated application number
Print duly filled application form and submit to nearest CSC office
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