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Central Bank of India Pradhan Mantri Awas Yojana Housing Scheme

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Central Bank of India PMAY – Check Documents, Subsidy Scheme, Interest Rates, Loan Amount, EMI, Processing Fees, Eligibility, Disbursement Process of Central Bank of India at deal4loans.com.

Central Bank of India : Scheme of Interest Subsidy for Housing the Urban Poor(ISHUP)
The Government of India under the provision of Ministry of Housing and Urban Poverty Alleviation has introduced an Interest Subsidy scheme for the Economically Weaker Section and the Lower Income Group segments in urban area under “Pradhan Mantri Awas Yojna”. Under this scheme any eligible beneficiary who does not possess a pucca house shall avail housing loan to construct their house. Central bank of India is one of the bank that provides Scheme through their bank.

  1. Interest Rates
  2. Subsidy Scheme
  3. Eligibility
  4. Income Criteria
  5. Loan Amount
  6. Repayment
  7. Security
  8. Documents

Home Loan applications received for rupees ₹ 419,027 crores till 20 April 2024

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120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 6.90% for women, 6.95% for Others.

Features

PM Awas Yojana EWS & LIG

6.85% – 7.05%

Subsidy under the scheme

Interest subsidy is levied for loan amount up to Rs 1 lacs and if the amount is more than Rs 1 lac than no subsidy is allowed.

Ambition

To help economically backward urban poor people to construct pucca houses.

Eligibility

  • Economically Weaker Section (EWS)

  • Lower Income Group (LIG)

Beneficiary Family

  • The beneficiary family must comprise of husband, wife and unmarried children.

  • The beneficiary family must not possess any kinds of pucca houses in h/her name name or in the name of any family member in any part of India.

Income Criteria

  • EWS : The minimum monthly household income must be Rs 3300 per month.

  • LIG : The minimum Monthly household income of any LIG segment must be up to Rs 3300 to Rs 7300.

Maximum Loan Amount

Maximum loan amount provided under this scheme is Rs 1.60 lacs.

Repayment Period

You can repay the loan amount within a period of 15 to 20 years.

Security

Mortgage of the property

Documents Required

  • Identity Proof(passport/aadhar card/PAN card/voter’s ID card/any valid Identity Proof.

  • Address Proof(Ration card/electricity bill or any utility bill/passport/any valid proof with address.

  • Income Proof

  • Income Tax applicable

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