Pradhan Mantri Home Loan – Interest Rates 2024, 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 Jan 2024: 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

Apply for Home Loan
I authorize & its partnering banks to contact me to explain the product & I Agree to Privacy policy and Terms and Conditions.

“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 2024.

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 2024

Date Query Rising
01-01-2023 pradhan mantri awas yojana 2024 600%
04-03-2023 pradhan mantri awas yojana online 2024 180%
03-03-2023 pradhan mantri home loan yojana 2024 140%
23-06-2023 pradhan mantri awas yojana 120%
30-05-2023 pradhan mantri home loan yojna 80%
25-06-2023 pradhan mantri awas yojana subsidy 60%
31.05.2023 pradhan mantri awas yojana 70%
31.05.2023 pradhan mantri home loan yojana 60%
30.05.2023 pradhan mantri awas yojana housing for all urban 40%
27.05.2023 pradhan mantri awas yojana in karnataka 40%
24.05.2023 pradhan mantri home loan yojana 150%
23.05.2023 pradhan mantri home loan yojana 170%
29.04.2023 modi home loan scheme 80%
27.04.2023 cheapest pradhan mantri home loan 100%
Check Free Cibil Score
Apply Here
I authorize & its partnering banks to contact me to explain the product & I Agree to Privacy policy and Terms and Conditions.
Top Banks for Home Loans in India
Banks Interest Rates
SBI 8.60% - 9.65%
HDFC Bank 8.50% - 9.40%
ICICI Bank 9.00% - 9.10%
LIC Housing Finance8.50% - 10.50%
PNB Housing 8.50% - 10.95%
Axis Bank 8.75% - 9.15%
Bank of Baroda 9.15% - 10.50%
Canara Bank 8.90 %- 11.25%
Aadhar Home loan N.A