Own Your Dream Home with PMAY Subsidy

Get up to ₹1.80 lakh subsidy on your home loan under Pradhan Mantri Awas Yojana (PMAY). Reduce your EMI and make homeownership more affordable.

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Pradhan Mantri Awas Yojana

What is PMAY?

Pradhan Mantri Awas Yojana (PMAY) is a Government of India initiative aimed at providing affordable housing for all. Under this scheme, eligible homebuyers can avail an interest subsidy on home loans, reducing the overall cost of borrowing.

This subsidy is credited directly to your loan account, lowering your EMI and total interest outflow.

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Key Benefits of PMAY

PMAY offers multiple advantages for first-time homebuyers:

  • Interest subsidy of up to ₹1.80 lakh
  • Reduced loan burden
  • Encouragement for women ownership
  • Lower monthly EMI
  • Faster access to homeownership
  • Applicable across EWS, LIG, and MIG categories

PMAY-U 2.0 Eligibility

Intrest Subsidy Scheme

Loan & Property Limits

  • Annual household income: up to ₹9 lakh.
  • Maximum home loan amount: up to ₹25 lakh.
  • Maximum property value: up to ₹35 lakh.
  • Maximum carpet area: 120 sq. m.

Subsidy Details

  • Interest subsidy: 4% on the first ₹8 lakh of the eligible loan.
  • Maximum subsidy benefit: ₹1.80 lakh.
  • Eligible loan tenure: up to 12 years (must exceed 5 years for full benefit).
  • Subsidy release: 5 annual instalments, subject to loan remaining active; adjusted against outstanding principal.

How PMAY Works

The PMAY subsidy process is simple:

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01
Check your eligibility
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02
Apply for a home loan
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03
Submit PMAY application details
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04
Receive subsidy directly in your loan account
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Apply PMAY

How to Apply for PMAY

You can apply for PMAY through Easy Home Finance or authorised channels. Steps to apply:

Fill in your personal and income details

Submit property and loan information

Complete verification and documentation

Track your application status

Our team assists you throughout the process to ensure smooth approval and subsidy benefits.

Why Choose

Why Choose Easy Home Finance

Easy Home Finance simplifies your PMAY journey:

Minimal and simplified documentation

Support for informal and self-employed customers

Faster loan processing

End-to-end assistance for PMAY subsidy

We focus on making home loans accessible, simple, and transparent.

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FAQ

Frequently Asked Questions

Have Questions? Here are Answers

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