{PMAY} Pradhan Mantri Awas Yojana Loan Procedure

{PMAY} Pradhan Mantri Awas Yojana Loan Procedure

Loan, How to Apply, Laon Pradhan Mantri Awas Yojana (PMAY) Online

We live in a life that is fast, intense, stressful and full of ups and downs. No matter you are very highly educated, successful and wealthy or struggle to make the ends meet every single day of your life. Coming back after a hard and hectic day at work, to a place of your own, called home, is indeed all that a human requires, isn’t it!

This might sound like nothing for people who always have been living in their homes. But owning one is a distant dream for many who belong to the economically challenged class, indeed. Hence the Govt. has sensed their need to own a place that they can call their own and offered a revolutionary and game-changing project called the Pradhan Mantri Awas Yojna!

This is a wonderful scheme under which people who belong to the economically weaker section of the society can buy their home, as per their needs and money, a lot easier than ever before.

The project is being built to offer pucca houses with all the basic facilities like water, electricity, toilets etc. there are several banks that offer loans with various amounts and terms that are extremely suitable for low-income groups, while they would indeed enable them to opt for them and enjoy a host of benefits through the same, indeed.

There are three categories of these loans that are available in various banks. You can avail for loans up to:

  • 6 Lakhs
  • 9 Lakhs
  • 12 Lakhs

The interest rates offered on these loans are considerably lower is compared to any other loans in the market, hence making it easier for people with low incomes to plan and buy their own house, with ease and convenience.

The loans can be obtained for a time period of 15 years at the max. There are several MNC banks, local financial institutions, Regional Banks, State Banks along with others to offer the best loan terms and conditions.

You can choose through the various options to opt for the best loan terms you come across. You can reach them online or visit the branch too. They will help you with the documents and facilitate your loan further from here.

There are several concessions and many other lucrative add-ons that go well along with the bank terms once you avail the Pradhan Mantri Awas Yojna!

One thought on “{PMAY} Pradhan Mantri Awas Yojana Loan Procedure

  1. I am a citizen of India of SC category. My yearly income is 7 lacs. A loan of RS.15 lacs is already sanctioned from a nationalised bank but no installment is given to housing company so far,as it’s date is on July. Now I want to get PMAY loan facility for that loan.Kindly inform me how I get it ?

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