Pradhan Mantri Awas Yojana (PMAY) Loans – Affordable Housing Loan in India

The Pradhan Mantri Awas Yojana (PMAY) is a government initiative aimed at providing affordable housing to all eligible beneficiaries in urban and rural areas. It offers subsidies on home loan interest rates through the Credit Linked Subsidy Scheme (CLSS), making home ownership more accessible, especially for economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG).

Key Features of PMAY Loans:

✅ Interest Subsidy: Up to ₹2.67 lakh on home loan interest under the CLSS scheme.
✅ Target Beneficiaries: EWS, LIG, MIG-I, and MIG-II categories.
✅ Loan Tenure: Maximum of 20 years.
✅ Eligible Properties: New construction, purchase of a house, or enhancement of an existing home.
✅ Women Empowerment: Mandatory ownership or co-ownership for women in EWS/LIG categories.

Eligibility Criteria for PMAY Loans:

Annual Income:

EWS: Up to ₹3 lakh
LIG: ₹3 lakh – ₹6 lakh
MIG-I: ₹6 lakh – ₹12 lakh
MIG-II: ₹12 lakh – ₹18 lakh

First-Time Home Buyer: The beneficiary or their family should not own a pucca house anywhere in India.
Aadhaar Card Mandatory for applying under CLSS.

Loan Amount & Interest Rates: Varies based on income group and lender policies.

How to Apply for PMAY Home Loans?

1️⃣ Check Eligibility – Visit the official PMAY website (pmaymis.gov.in) or consult a partnered bank.
2️⃣ Select a Lender – Apply through banks, NBFCs, or financial institutions.
3️⃣ Apply for Loan – Submit income proof, Aadhaar, property documents, and other required papers.
4️⃣ Approval & Disbursement – After verification, the loan is disbursed, and subsidy benefits are credited.

SBI PMAY Home Loans with DIFSO Financial

DIFSO Financial, as a partner of SBI, provides easy access to PMAY-subsidized home loans with attractive interest rates. Whether you’re a first-time buyer or looking to upgrade your home, SBI’s trusted loan services ensure a hassle-free experience.

📞 Contact Now 9478441347 to check eligibility and apply!

🌐 Visit here for more details: www.dfs.org.in