PMAY is the government of India’s flagship housing, which is aimed to offer ‘Housing for All by 2022’. It was launched in 2015 with the objective to increase homeownership across India. You can use the PMAY benefits to purchase a new home from the builder or the developer as well as to buy a home from the secondary market by repurchase. You can also apply for a loan for the home to be built. Now, the question arises “Can I apply for PMAY after loan disbursement? Read below to get the answer:
You can apply for PMAY after the loan disbursement. However, you should do it immediately, or else you may not get PMAY benefits. I advise you to contact your bank or other lending institutions to know how to apply for PMAY after loan disbursement. Let’s find out the process for the same:
The contacted lending institution usually forward your application to the 2 nodal agencies – Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB)
These agencies then check whether the details of your family members and income are true before awarding you with subsidy benefits
If eligible, the concerned lending institution will be notified about the same and the subsidy will get credited.
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Authors Of The Question
can i apply for pmay after loan disbursement
Pourush
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2021-08-12T11:57:01+00:00 2021-08-12T14:20:04+00:00Comment
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