Pradhan Mantri Home Loan – Interest Rates Oct 2021, EMI Eligibility Calculator

Are you looking for Pradhan Mantri Home Loan? Find Details on Interest Rates, Subsidy, Documents List, Eligibility, Per Month EMI, Lowest Down payment options, Loan amount for LIG and EWS. Interest subvention of 3% and 4% for loans of up to Rs 12 lakh and Rs 9 lakh, respectively under Prime Minister Awas Yojana (PMAY). Under the Pradhan Mantri Awaas Yojana, those belonging to the poor, lower middle and middle classes in cities will be eligible to four per cent discount on housing loans upto Rs 9 lakh. Loans of upto Rs 12 lakh will receive interest subvention of 3 per cent.

Latest Update 2021: No EMI’s for 3 Months as per RBI. Your CIBIL Score will also not be impacted by this EMI waiver on your Personal / home/car loans. so your credit report will not take hit also but if you don’t pay interest will increase.

  1. Credit Linked Subsidy Scheme
  2. Subsidy Benefit
  3. Documents required for PMAY
  4. Eligibility for PMAY

Home Loan applications received for rupees ₹ 419,027 crores till 23 October 2021

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Loan Amount

Annual Income


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

“Credit Linked Subsidy Scheme” for EWS and LIG categories under Pradhan Mantri Awas Yojana. The scheme was announced by our honourable Prime Minister Narendra Modi and envisages the vision of housing for all by the year 2022.

Who are the beneficiaries under this scheme

  1. Families who didn’t have pucca houses
  2. Economically weaker section (EWS) & Low Income Group (LIG)
  3. Families comprising husband, wife and unmarried children

Scheme features

  • Subsidy benefit of 6.5% p.a for first home buyers
  • In terms of Rupee a person can save upto 2.2 Lakh

Eligibility / Income Criteria

  1. EWS with an income of 3 lakh annual or lower
  2. LIG with an income of Between 3 to 6 lakhs annual

Pradhan Mantri Home Loan Trends 2021

Date Query Rising
01-01-2021 pradhan mantri awas yojana 2021 600%
04-07-2021 pradhan mantri awas yojana online 2021 180%
03-07-2019 pradhan mantri home loan yojana 2021 140%
23-06-2019 pradhan mantri awas yojana 120%
30-05-2019 pradhan mantri home loan yojna 80%
25-06-2019 pradhan mantri awas yojana subsidy 60%
31.05.2019 pradhan mantri awas yojana 70%
31.05.2019 pradhan mantri home loan yojana 60%
30.05.2019 pradhan mantri awas yojana housing for all urban 40%
27.05.2019 pradhan mantri awas yojana in karnataka 40%
24.05.2021 pradhan mantri home loan yojana 150%
23.05.2021 pradhan mantri home loan yojana 170%
29.04.2021 modi home loan scheme 80%
27.04.2021 cheapest pradhan mantri home loan 100%
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Top Banks for Home Loans in India
Banks Interest Rates
SBI 6.70% - 6.90%
HDFC Ltd 6.70% - 7.15%
ICICI Bank 6.70% - 7.55%
LIC Housing Finance6.66% - 7.20%
PNB Housing 7.35% - 9.05%
Axis Bank 7.75% - 8.40%
Bank of Baroda 6.85% - 7.85%
Canara Bank 6.90% - 7.90%
Aadhar Home loan N.A