How to apply for home loan subsidy online?

After hearing about a home loan subsidy from a friend, I decided to avail one. He told me about the eligibility criteria and also about how to apply home loan subsidy. Here are the steps mentioned by him about the Govt. subsidy for home loans. 

How to Apply for Housing Loan Subsidy?

He told me that when it comes to how to apply subsidy home loan, I can apply both online and offline. After that he told me about both the processes. Here are those. 

Online

• Visit the

  Pradhan Mantri Awas Yojana

  website. 

• Click on the Citizen Assessment option and choose the Benefits under the other 3 components option.

• On the next page, he told me to enter my Aadhaar number and name as per aadhaar. 

• He said that I would be redirected to a new page where I would need to provide a few details. 

• After filling out all the details, I was asked to

  check the disclaimer box and enter the Captcha. 

• Following that, I had to click on Save and take a printout of the form. 

After that, this printout along with all the documents needs to be submitted to the nearest Common Service Center. This is all he told me regarding the home loan subsidy apply online. 

Offline

When it comes to how to get Government subsidy for home loan through offline process, he said that I could visit the Common Service Centre (CSC). After that, I need to fill out the form for the Pradhan Mantri Awas Yojana. The approximate cost of the form is around Rs. 25 +GST. 

And that’s all about how to apply home loan subsidy. I hope this helps. 

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How can I get PMAY subsidy on my existing home loan?

I know that an old friend of mine applied for PMAY subsidy. So, I can tell you

how to apply for PMAY subsidy.

He first checked his eligibility on the MoHUA website and found that he was eligible. He then chose a bank that was participating in the scheme and downloaded the application form from the MoHUA website.

How to Apply PMAY Subsidy?

My friend chose the offline method of applying. He filled out the application form and attached the required supporting documents. He then submitted the application form to the bank. The bank reviewed his application and supporting documents and approved his loan. The government then credited the subsidy amount to his bank account.

However, you can also choose the online method for applying.

How to Apply for PMAY Home Loan Subsidy?

To apply for the Pradhan Mantri Awas Yojana (PMAY) home loan subsidy, you can follow these steps:

1. Visit the official PMAY website:

   https://pmay-urban.gov.in/

    

2. Click on the PMAY(U)MIS option

3. A new page will open up where you will have to click on MIS log in option.

4. Now click on the ‘Activate User’ tab in the bottom right corner of the page.

5. Enter a user name and click on ‘generate OTP’ 

6. Then you will be able to log in and fill in your details to apply for a PMAY home loan subsidy.

7. Fill in the required details, such as your name, income, and family size.

8. Review your application and click on "Submit".

Once you have submitted your application, it will be processed by the PMAY authorities. If you are eligible for the subsidy, you will receive a notification. The subsidy will be directly credited to your bank account.

How to Apply PMAY Subsidy for Existing Home Loan?

Unfortunately, you cannot apply for a PMAY subsidy for an existing home loan. The PMAY scheme is only available for first-time homebuyers. This is because the aim of the scheme is to provide affordable housing to people who do not own a house.

I hope now you know how to apply for PMAY subsidy.

Avail NoBroker Home Loans with a low interest rate easily anytime Read More: Can We Prepay Home Loan after PMAY Subsidy? What is PLI in PMAY? How to Apply PMAY for an Existing Home Loan?

Hi, I am sure you are talking about the Pradhan Mantri Awas Yojana (PMAY) Scheme that the GoI launched in 2015 with the objective to offer affordable housing to everyone. Under the CLSS (Credit Link Subsidy Scheme) of PMAY, you can get a housing loan subsidy of up to 6.5 percent on the interest rate of your housing loan as per the subsidy rules. Before I explain to you how to apply for home loan subsidy online, let me tell you about the CLSS (Credit Link Subsidy Scheme). Well, CLSS is a direct subsidy that lets Lower Income Groups, Middle-Income Groups, and Economically Weaker Sections avail housing loans at reduced EMIs with the help of an interest subsidy. If you are eligible for it, you can apply to HUDCO and NHB for interest subsidy loans. Key Parameters: PMAY Scheme

Category	Income (Per annum)	Subsidy Interest	Maximum Loan for Subsidy
Middle Income Group II (MIG II)	Rs. 12 lakh to Rs. 18 lakh	6.50% p.a.	Rs. 6 lakh
Middle Income Group I (MIG II)	Rs. 6 lakh to Rs. 12 lakh	6.50% p.a.	Rs. 6 lakh
Lower Income Group (LIG)	Rs. 3 lakh to Rs. 6 lakh	4.00% p.a.	Rs. 9 lakh
Economically Weaker Section (EWS)	Up to Rs. 3 lakh	3.00% p.a.	Rs. 12 lakh

How to Apply for Home Loan Subsidy Online

• Visit the online portal of Pradhan Mantri Awas Yojana.
• Choose your respective category under the ‘Citizen Assessment’ option.
• Fill in your Aadhaar details for verification.
• Complete and submit the form mentioning all relevant details.

I want to tell you that NoBroker offers the lowest interest rates starting from 6.5%. So, if you are planning to apply for a home loan through NoBroker, you can use their Home Loan Eligibility Calculator to determine eligibility:

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I think you might like these answers as well: How to check PMAY subsidy amount? How can I get PMAY subsidy on my existing home loan? How much time does it take to get PMAY subsidy in the loan account? Who is eligible for PMAY subsidy? How to apply for PMAY gramin? I hope you like my answer on how to apply for home loan subsidy!