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HDFC Bank Pradhan Mantri Awas Yojna Housing Scheme

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HDFC Bank PMAY – Check Documents, Subsidy Scheme, Interest Rates, Loan Amount, EMI, Processing Fees, Eligibility, Disbursement Process of HDFC bank at Deal4loans.

HDFC Bank Ltd.
Now every economically backward individual could fulfill the dream of owning their own house through HDFC Bank Ltd. under the Pradhan Mantri Awas Yojana. This Yojana introduced by the Government of India has delivered a ray of hope of every Economically Weaker Section and Lower Income Group segment of people. With the help of this scheme any individual can avail loan amount with low interest rates and longer repayment period to fulfill their dreams of owning their own residential unit.

This loan is also a pro-women loan scheme. There is a chance of saving up to Rs 2.20 lacs on the loan amount.

Home Loan applications received for rupees ₹ 419,027 crores till 22 December 2024

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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.

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Features

Interest rates

6.80% – 8.55%

Interest Subsidy

6.5% for the tenure of 15 years

Subsidy under the scheme

  • The credit linked subsidy is available for loan amount up to Rs 6 lacs and for the additional loan amount non-subsidy is levied.

  • The actual subsidy interest must be approved by the National Housing Banks.

Ambition

  • The primary aim under this scheme is avail housing loan to Individuals belonging to Economically Weaker Section and Lower Income Group.

  • People belonging from EWS and LIG could purchase and construct new houses and also add kitchen, toilet etc to their existing dwelling.

Eligibility

  • EWS(Economically Weaker Section)

  • LIG(Lower Income Group)

  • Women, person belonging to Schedule Caste and Schedule Tribe, Other Backward Class, Minorities, Person with Disabilities, transgender is given preference.

Income Criteria

The maximum income of the family must not exceed Rs 6 lacs.

Coverage

This scheme shall cover all 4041 statutory town as per census 2011

Beneficiary Family

  • A beneficiary family will comprise of husband, wife and unmarried children.

  • The beneficiary family must not have a concrete house in his/her name or any member of the family.

Repayment Period

You can repay the loan amount within a maximum period of 15 years.

Security

Mortgage of the property purchased through the loan amount under the scheme.

Documents Required

  • Identity Proof(passport/aadhar card/PAN card/voter’s ID card/any valid Identity Proof.

  • Address Proof(Ration card/electricity bill or any utility bill/passport/any valid proof with address.

  • Income Proof

  • Income Tax applicable

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