The Pradhan Mantri Awas Yojana (PMAY) is a flagship housing scheme launched by the Government of India to provide affordable housing to all by offering home loans with interest subsidies. If you are looking to apply online for a home loan under this scheme, this guide will walk you through the entire process.
What is Pradhan Mantri Awas Yojanaa (PMAY)?
PMAY is a government initiative aimed at ensuring Housing for All. Under this scheme, economically weaker sections (EWS), lower-income groups (LIG), and middle-income groups (MIG) can avail of home loan subsidies of up to ₹2.67 lakh to purchase or construct a house.
Key Benefits of PMAY:
- Interest subsidy on home loans (up to ₹2.67 lakh)
- Online and hassle-free application process
- Special preference to women applicants
- Priority for differently-abled and senior citizens
- Eligibility Criteria for PMAY Loan Apply:
- The applicant must not own a pucca (permanent) house in any part of India.
Family income should fall under:
- EWS: Up to ₹3 lakh per annum
- LIG: ₹3–6 lakh per annum
- MIG-I: ₹6–12 lakh, MIG-II: ₹12–18 lakh per annum
- The applicant must be an Indian citizen.
- The applicant should not have availed of any other central government housing scheme benefits before.
How to Apply for Home Loan Under PMAY Online?
Follow these simple steps to apply online for PM Awas Yojana:
- Visit the official PMAY website: https://pmaymis.gov.in
- Click on ‘Citizen Assessment’.
- Choose the appropriate income category (EWS, LIG, MIG).
- Enter your Aadhaar number and proceed.
- Fill in your personal, income, and residential details.
- Submit the application form. A unique Application Reference Number (ARN) will be generated.
- Use this ARN to apply for a home loan online from any participating bank or financial institution.
Where Can You Apply for a PMAY Home Loan?
Several leading banks and housing finance companies in India support PMAY, including:
- State Bank of India (SBI)
- HDFC Ltd.
- ICICI Bank
- Bank of Baroda
- Axis Bank
- LIC Housing Finance, and more
You can visit their websites to apply for home loan online and mention your PMAY Application Reference Number to avail subsidy benefits.
Why You Should Choose to Home Loan Apply Online?
In today’s digital age, it’s easier than ever to home loan apply online. With just a few clicks, you can compare interest rates, check your eligibility, upload documents, and even get instant approval from leading banks and NBFCs. Online application not only saves time but also helps you track your loan status in real-time. Whether you are applying under PMAY or a general housing loan, opting for home loan apply online ensures a fast, transparent, and hassle-free experience—right from your home.
Important Links
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