Central Bank of India Pradhan Mantri Awas Yojana Housing Scheme
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.
Home Loan applications received for rupees ₹ 419,027 crores till 05 November 2024
Features
6.85% – 7.05% |
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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. |
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Ambition |
To help economically backward urban poor people to construct pucca houses. |
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Beneficiary Family |
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Maximum loan amount provided under this scheme is Rs 1.60 lacs. |
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You can repay the loan amount within a period of 15 to 20 years. |
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Mortgage of the property |
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