Indiabulls home loan, one of the leading housing finance companies is at par with the SBI and the private gaints ICICI and HDFC banks in reducing the interest rates on home loan and also making the home loans easier and accessible to the customers.

Here we go with more details on the Pradhan Mantri Awas Yojana- Credit Linked Subsidy Scheme by Indiabulls.

CREDIT LINKED SUBSIDY SCHEME

The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) is a scheme launched by our honourable Prime Minister Shri Narendra Modi for the Economically Weaker Section (EWS) and Low Income Group (LIG) of people. Through this scheme, the beneficiary is eligible to avail interest subsidy on the purchase/construction of a house. The PMAY by Indiabulls home loan scheme is also available for the enhancement of a dwelling unit.

SALIENT FEATURES OF CLSS

  • Interest subsidy of 6.50%* p.a. up to a loan amount of ₹6 lakh for 15 years or the actual term, whichever is lower, credited upfront
  • Actual subsidy amount credited is as approved by the National Housing Bank (NHB)
  • Family income should not exceed ₹6 lakh p.a.
  • Family means husband/wife/unmarried children
  • Applicable for customers who are purchasing/constructing their first home. The beneficiary family should not own any home in their name
  • The carpet area should not exceed 30 sq. mt. for EWS (Income upto ₹3 lacs PA) and 60 sq. mt. for LIG (Income up to ₹6 lacs PA)
  • The construction/extension must be completed within 36 months
  • Woman has to be owner/co-owner of the property.
PMAY-CLSS by Indiabulls

Celebrate the joy of belonging to your OWN home! Begin your own story and create memories in a place you can call your ‘own’. Indiabulls Home Loans provide the most convenient home loan at the most attractive interest rate.

Indiabulls Home Loan Via Loanyantra – 

Loanyantra, a one stop solution for all your needs, is always a perfect guide for you at any stage. Let us know your home loan plan and we will suggest you the path to take. If you meet the criteria for the PMAY-CLSS scheme, and if you wish to get home loan from Indiabulls, we are here, as we partner with Indiabulls home loans, to get things done faster and exactly according to your plan.



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