PMAY Scheme for 9 & 12 Lakh Home Loan Amounts for Poor / Subsidy Rate

Are you looking for home loan under Modi PMAY Scheme 2020? Want to know subsidy cut interest rates for 9 Lakh & 12 Lakh of loan amount from banks so check how much you can save/ app ko kitna emi dena padega for 9 lakh & 12 lakh loan amount ke liye sabhi banks ke liye? Cheap home loan for poor, relief for farmers, small businesses – PM Modi.

Loan Amount Normal rate Subsidy Rate Subsidy Given
9 Lakh 8.60% 4.60% 4.00%
12 Lakh 8.60% 5.60% 3.00%

Home Loan applications received for rupees ₹ 419,027 crores till 23 October 2020

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Loan Amount
Occupation

Annual Income

City

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

Loan EMI Details for 12 Lakh of Home Loan amount under PMAY Scheme

Loan amount Normal Rate PMAY Rate Old EMI New EMI You Save
12 Lakh 8.6% for 5 year 5.60% 24677.71 22976.82 1700.89
12 Lakh 8.6% for 8 year 5.60% 17332.24 15537.03 1795.21
12 Lakh 8.6% for 10 year 5.60% 14942.54 13082.69 1859.85
12 Lakh 8.6% for 12 year 5.60% 13387.45 11463.31 1924.14
12 Lakh 8.6% for 15 year 5.60% 11887.32 9868.8 2018.52

Loan EMI Details for 9 Lakh of Home Loan amount under PMAY Scheme

Loan amount Normal Rate PMAY Rate Old EMI New EMI You Save
9 Lakh 8.6% for 5 year 4.60% 18508.29 16819.67 1688.62
9 Lakh 8.6% for 8 year 4.60% 12999.18 11223.32 1775.86
9 Lakh 8.6% for 10 year 4.60% 11206.9 9370.9 1836
9 Lakh 8.6% for 12 year 4.60% 10040.59 8144.57 1896.02
9 Lakh 8.6% for 15 year 4.60% 8915.49 6931.03 1984.46
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Top Banks for Home Loans in India
Banks Interest Rates
SBI Home Loan 6.95% - 7.45%
HDFC Ltd Home Loan 6.95% - 7.50%
ICICI Bank Home Loan 6.95% - 8.05%
LIC Housing Home Loan 6.90% - 7.30%
DHFL Home Loan 9.75%
Axis Bank Home Loan 7.75% - 8.40%
Bank of Baroda Home Loan 6.85% - 7.85%
Canara Bank Home Loan 7.35% - 7.80%
Aadhar Home loan N.A