Here are few important things to consider Pradhanmantri Aawas Yojana scheme even while you arrange the amount for down payment decide the location. Builder and home loan lender in this came the credit linked subsidy scheme class for middle income group. MIG to be called class for MIG1 and MIG 2 which was extended upto the new category MIG1 comprise of to MIG 2You will come price. Of households having annual income between 6 lakh to 12 lakh MIG to comprise of householder having annual income between 12 lakh to 18 lakh.Anyone earning between 6 lakh to 18 lakh can avail benefits of subsidized loan. eligible loan amount for interest subsidy in MIG 1 is 9 lakh and MIG 2 is 12 lakh. npv subsidy gets rupees 2.35 lakh
Eligibility
- They have no own house in india
- They Will comprise of husband, wife, unmarried son and married daughter
How to provide while applying loan how does it work
- In MIG 2 category the family wishes to buy a house costing rupees 60 lakh, after the mandatory minimum down payment of 20 % that is 12 lakh. The balance rupees 48 lakh arrange through loan but under Pmay subsidy of 3 % will be applicable. home loan interest rate will be applicable on the balance rupees 36 lakh home loan.
if anyone wishes to acquire new house also take a loan. For construction under Pmay, the area of house carpet area for MIG 1 is to be 90 square metre, 110 square metre for MIG 2 category. 2018, the ministry of housing and urban affairs approved the carpet area of houses of Mig 1 up to 120 sqm and MIG 2 to up to 150 sqm
How to apply
- available scheduled commercial bank, housing financial companies, state cooperative banks, small finance Bank.
- There will not be any charge.
- The mission is to be provide housing for all by the year 2022
How to apply online
- visit http://pmaymis. gov.in
- Find citizen assessment option
- Enter Aadhar number
- Enter your personal details, income details, residential details, bank account details
- click on’ I am aware’
- To click on save
- Download and print application.
- Submit the form at CSC office or Bank