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PM Home Loan Subsidy Yojana 2024: Apply Online, Form, Last Date, & Intrest Rates

PM Home Loan Subsidy Yojana 2024: Nowadays, getting a house in cities has become very expensive, due to which poor and middle-class people are finding it difficult to fulfill their dream of owning a house. Understanding this problem, the Prime Minister has started the Home Loan Subsidy Scheme, in which people are being provided the facility of subsidy and easy installments on home loans. Through this, poor and middle-class people can turn their dream house into reality.

PM Home Loan Subsidy Yojana
PM Home Loan Subsidy Yojana

PM Home Loan Subsidy Yojana 2024

Last year, on the occasion of Independence Day, Prime Minister Modi announced the launch of the Home Loan Scheme, which was to be implemented before Diwali. Under this scheme, people living in cities will get the opportunity to easily get home loans. The government will provide interest and subsidies under this scheme. The duration of the scheme will be 5 years and the loan facility will be given for 20 years. For detailed information, you can get information in this article.

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PM Home Loan Subsidy Scheme Details

Scheme NamePM Home Loan Subsidy Scheme
Start Date2023
Start ByCentral Government
BenefitsLoan Up to 50 lakh
Beneficiariescountry’s eligible beneficiaries
OrganizationMinistry of Housing and Urban Affairs
Application ModeOnline/Offline
Helpline NumberComing Soon
PDF FormN/A
Official WebsiteGiven Below

What Is the PM Home Loan Subsidy Scheme

The objective of the PM Home Loan Subsidy Scheme is to assist poor and middle-class people in realizing the dream of owning a house. Under this scheme, the government provides subsidies on home loans to low-income group and middle-income group people. Its purpose is to help people purchase and build their new homes and improve their financial condition. Under this scheme, the government gives home loans through designated authorized banks and provides reduced interest rates. Apart from this, some benefits are also provided based on imports and the income of the beneficiaries.

PM Awas Yojana Home Loan Subsidy Last Date

PM Awas Yojana Home Loan Subsidy Last Date is 31st December 2024 before which people should avail the benefit of this scheme.

PM Home Loan and Interest Rates

Under this PM Home Loan Interest Subsidy Scheme launched by the Prime Minister of the country, Narendra Modi, a loan facility of up to Rs 50 lakh will be provided to individuals. Under this scheme, an interest rebate of 3% to 6% is given.

Pradhan Mantri Home Loan Subsidy Scheme Objective

The main objective of the Pradhan Mantri Home Loan Subsidy Scheme is to assist poor and middle-class people in realizing their dream of owning a home. Under this scheme, the government provides subsidies on home loans so that people can get assistance in purchasing and construction of their new house, and improve their financial condition. Apart from this, the scheme also offers a reduction in interest rates, which helps people to make honest monthly home loan installments.

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Benefits Of PM Housing Home Loan Scheme

  • The benefit of this scheme will be provided to people living in cities and villages.
  • Under this scheme, people can get loans for 20 years.
  • Any person who takes a loan under the Prime Minister Home Loan Subsidy Scheme will be given an interest rebate of 3% to 6%.
  • The benefit of this scheme will be provided to more than 25 lakh people living in cities and villages.
  • The amount received from this scheme will be sent directly to the government bank account of the beneficiary.
  • People who have a working income of Rs 100,000 will be provided this benefit.

Prime Minister Home Loan Subsidy Scheme Eligibility

  • To avail of the benefits of this scheme, the beneficiary must be a native of India.
  • The benefit of this scheme will be provided to the lower and middle-class people living in cities and villages.
  • If the person has already taken a home loan then he will not be provided the benefit of this scheme.
  • Along with this, the benefits of this scheme will be given to all the poor people of the country or those who do not have any house to live in.
  • To avail of the benefit of the Home Loan Subsidy Scheme, the age of the person should be more than 18 years.

Required Documents For PM Home Loan Subsidy Yojana

  1. Aadhar card
  2. Income certificate
  3. Ration card
  4. Bank Account Details
  5. Passport size photo
  6. Mobile number
  7. Email id

PM Home Loan Subsidy Yojana Apply Online

To apply online to avail the benefits of Pradhan Mantri Home Loan Subsidy Scheme, you have to visit the official website of Pradhan Mantri Awas Yojana. There you will find the required forms and instructions for uploading the required documents. After completing the application process, your application will be sent for review and after that, you will receive the subsidy as per the scheme.

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Home Loan Subsidy Status Check Online

To check your home loan subsidy status online, you have to visit the official website of Pradhan Mantri Awas Yojana. There you will get options like “Check Subsidy Status” or “Application Status”. You will get the facility to check your status by filling in your application number and other required information.

PM Home Loan Subsidy Yojana Calculator

For the Pradhan Mantri Home Loan Subsidy Scheme Calculator, you have to visit the official website of Pradhan Mantri Awas Yojana. There, you will get the option of a subsidy calculator which you can use to calculate your subsidy along with your home loan interest rate, amount, and tenure.

Pradhan Mantri Home Loan Subsidy Yojana Official Website & Contact Details

Following are the official website and contact details of the Pradhan Mantri Home Loan Subsidy Scheme:

Official Website: pmaymis.gov.in

Contact Details:

  • Email: helpdesk-pmay@gov.in
  • Phone: 1800-11-3377, 1800-11-3388 (toll-free)

FAQ

What is the Pradhan Mantri Home Loan Subsidy Scheme?

Pradhan Mantri Home Loan Subsidy Scheme provides subsidies to poor and middle-class people to buy houses. Under this, reduction in interest rates and other benefits are provided, helping people buy their dream home.

How much loan will be available under the Prime Minister Home Loan Subsidy Scheme?

Around 50 Lakh

For how long will the loan given under the Prime Minister Home Loan Subsidy Scheme last?

20 Years

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