Pradhan Mantri Awas Yojana (PMAY 2.0)

Pradhan Mantri Awas Yojana (PMAY 2.0)

Housing for all
Home loans to meet everyone's needs

  • Interest subsidy will be calculated 4% on the first ₹8 lakh of the loan for a tenure up to 12 years

  • Inclusive growth to economically weaker section, lower-income and middle-income group

  • Preference to women/senior citizens/transgender/minorities/special focus groups

  • The applicant or family must not own a pucca house across India.

  • Income groups allowed:

    • Economically weaker section (EWS) with annual income up to ₹3 lakh

    • Low-income group (LIG) with annual income between ₹3 lakh to ₹6 lakh

    • Middle-income group (MIG) with annual income between ₹6 lakh to ₹9 lakh

  • Max. loan amount: up to ₹25 lakh

  • Max. house value: up to ₹35 lakh

  • Home Loan will be considered only for residential property area up to 120 sq. meters

  • Property location: Statutory towns as per census 2011 or any town subsequently notified by the government of India, amended from time to time.

  • Apply for a home loan: You can visit our nearest home loan center or call us on our toll-free number 1800 281 8181

  • Apply for the ISS subsidy: We will guide you through the interest subsidy scheme process if you are a probable PMAY 2.0 subsidy recipient.

  • Subsidy disbursal: Once verified, the subsidy amount will be credited directly to your loan account, as a subsidy on your home loan interest.

 

T&C apply

As per PMAY 2.0 guidelines issued by Government of India and amended from time to time. Credit of subsidy subjected to NHB approvals.