Wondering, “How can I check my PMAY subsidy amount?” The PMAY subsidy amounts differ depending on the applicant’s income and are not the same for each beneficiary. The following lists the PMAY subsidy amounts for the various beneficiary categories,
EWS beneficiaries are eligible for a maximum PMAY subsidy of Rs. 6 lakh with a 6.50% interest subsidy.
LIG beneficiaries can receive a maximum PMAY subsidy of Rs. 6 lakh with a 6.50% interest subsidy.
MIG I beneficiaries are eligible for a maximum PMAY subsidy of Rs. 9 lakh with a 4% interest subsidy.
MIG II beneficiaries can receive a maximum PMAY subsidy of Rs. 12 lakh with a 3% interest subsidy.
How to Check Subsidy Amount of PMAY?
Visit the
PMAY
website
On the main page, select the "Subsidy Calculator" tab.
Add information like the carpet area (in square meters), the loan amount, and the income of the family. Declare whether or not you are the owner of a pucca house.
The amount of your PMAY subsidy will appear on the right side of the page.
I hope this helps you understand how to know PMAY subsidy amount.
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Can I Get PMAY Subsidy Without Loan?
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As a house buyer, you should conduct proper research before taking a housing loan. You must have heard about the PMAY Scheme. One of the main verticals of this scheme is the CLSS (credit-linked subsidy scheme), which allows the govt. to extend financial support, via several leading institutions to every beneficiary that is eligible for this, across every town. Let me tell you about the features of CLSS and how to check PMAY subsidy amount:
Features of the CLSSThe max. subsidy amount that you can avail of is up to Rs. 267000 on your housing Loan.
The PMAY subsidy interest rate is at 6.5 percent for a loan tenure of about 20 years or throughout the loan repayment period, whichever is lower.
I want you to remember that the PMAY housing loan subsidy applies to the pre-approved loan amount extending to Rs. 600000. Any extra loan amount would be offered at a rate that isn’t subsidized.
You are required to have a valid Aadhaar card if you are looking to apply for a loan under the PMAY scheme.
The easiest way to calculate the subsidy on PMAY CLSS is to use the government PMAY subsidy calculator. This calculator is easy to use and gives you accurate results quickly.
Government Subsidy Calculator Learn how to track PMAY status Read how to check PMAY list Find out how you can get PMAY subsidy on your existing housing loan
How to Check PMAY Subsidy Amount?
Sahil
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2021-10-05T14:49:55+00:00 2024-07-24T16:42:22+00:00Comment
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