You are at most wonderful moment of your life to buy a happy home for your loved family. Thousands of people like you are taking benefit of low prices in real estate in Delhi NCR. You too can use this opportunity to make intelligent move and buy your dream house at amazing low price. To add incentive for buying your home is PMAY CLSS. It comes with tax benefits on repayment of home loan EMI.
If you are buying first house and your household income is below 18 Lakhs rupees yearly, You can take benefit under this scheme. Buying a house for your family through PMAY CLSS gets you huge difference for period of you home loan repayment. For home buyers like you, this is “Must know” real money saving fact. Go through complete facts and details. Find answer of all your question for “what and how” about PMAY CLSS in Delhi NCR. Discover incredible benefits this webpage has to reveal.
In this scheme you gets fascinating and magnetizing subsidy credit direct in your loan account. Plus you get tax benefit under section 80C and 24 up to 4L every year
Submit your details right now to save thousands every month in you home loan EMI. You gets express fast excellent service and free consultation on home loan. Get loan from leading names in home loan industry. To make these substantial savings, your immediate response is required. Get trouble free home loan at unbeatable rate of interest in Delhi NCR submit your details immediately
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Trust me, you don’t deserve so much trouble to live your dream. For your home loan in Delhi NCR, you are about to discover easiest way to get PMAY CLSS. When you apply home loan through us, you get benefit of our experience and knowledge of local area.
All major housing finance companies are listed with CNA to channelize PMAY CLSS. We deals with all major housing finances company. For your loan, we do comprehensive study of your profile and property you are buying. We can get you home loan on challenging property and income from leading housing finance companies.
With us you can get home loan without income proof or on basis on liquid income assessment. In all these income and property type we gets you low interest rate from most economical institution. Low home loan rate of interest along with PMAY CLSS makes your home loan tremendously economical.
When you choose us you gets a dedicated & professional resource for your home loan. A dedicated qualified experienced manager; specially assigned to you who will do complete analysis of your requirement. Our Managers has high experience in helping people like you to make entire process simplified, effortless, error proof.
As we deals with all major banks, We picks fascinating offers that gives you huge saving in your home loan EMI. Add to this, PMAY CLSS reduces your repayment tenure drastically. We do everything to maximize your saving and reduce your initial cost.
Simply fill your details. We will do all this for you. We will provide “Door Step Service” from comfort of your home or office”. So you can enjoy your time with family
If you want to take competitive edge of an experienced and professional partner, your immediate response is require. Submit your details immediately.
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PMAY HFA(U) was started with vision of every EWS, LIG and MIG family to have all weather (pucca) house. It is for benefit of first time home buyer family which does not have a "pucca" house. A beneficiary family in this scheme means husband, wife and unmarried children. These houses shall have all basic amenities like water connection, toilet and electricity.
I have provided in depth, extremely informative, detailed analysis and complete facts. You can learn comprehensive, insightful description about benefits and process. With PMAY CLSS home loan effective rate of interest can be as low as 1.85% yearly. Availability of many affordable houses along with this scheme makes buying home for your family more appealing.
You gets fascinating effective rate of interest on your home loan. Good thing is you gets your subsidy up to 2.67 Lakhs credited direct in your loan account. It can effectively reduce your home loan repayment tenure to approximately 50%
No doubt this scheme is boon for first time home buyers. But entire process is complicated and takes 5-6 months to get your subsidy with complete follow-up.
PMAY CLSS will be provided on home loans taken by eligible families (EWS / LIG / MIG1 / MIG2) for acquisition, construction or expansion of house. Following are benefits ofscheme
• Low effective rate of interest on home loan
• Subsidy up to 6.5% on interest
• One time subsidy of 20 years credited in your loan account.
If you fulfills condition of income and property size (as explained below), you are eligible to get subsidy. For subsidy, you shall purchase property in name of female head your family. You can also be purchase in the joint name of the male head. Only if there is no adult female member your family, you can purchase house in male member name.
Apart from amount of subsidy based on family income, there is additional guidance for size property as below
• EWS up to 30 Square meters
• LIG up to 60 Square meters
• MIG1 – up to 90 square meters
• MIG2 – up to 110 square meters
Your family can build a house of larger area, but amount for subsidy would be limited to cost of approved size.
Click here to download HUDCO– PMAY CLSS-Subsidy Calculator in excel form.
This is latest calculator currently being used by them (Download). In this calculator you can do exact calculation for benefit of subsidy you can get. For diffrent income group, different pages are made e.g. EWS, LIG, MIG1 and MIG 2 . For calculation, you have to make entry on your relevant page. These are few simple entries like, loan amount, loan tenure and rate of interest. Option of disbursement in installments is also given in this PMAY CLSS calculator
Depending on your income group and size of house you buy, you will be eligible up to 6.5% interest subsidy under
Following are income slab and interest subsidy slab
• EWS (Income Up to 3 Lakhs): 6.5% subsidy on up to 6 Lakhs loan
• LIG (Income between 3 Lakhs – 6 Lakhs): 6.5% subsidy on up to 6 Lakhs loan
• MIG1- (Income between 6 Lakhs – 12 Lakhs): 4% subsidy on up to 9 Lakhs loan
• MIG2- (Income between 12 Lakhs – 18 Lakhs): 3% subsidy on up to 12 Lakhs loan
The interest subsidy is calculated at 9% NPV over a maximum loan tenure of 20 years or the actual tenure, whichever is lesser. Home loan above given above income wise slab are non-subsidized
You need following documents to apply PMAY CLSS
To get subsidy benefit, you can apply with Scheduled Commercial Banks or Housing Finance Companies. They will forward your application to CNA.
HUDCO and National Housing Bank (NHB) are only Central Nodal Agencies (CNAs) to credit subsidy to the lending institutions.
State/UTs/ULBs/ PLIs links beneficiary identification to Aadhaar, Voter card or any other unique identification. Certificate of house ownership is also checked from Revenue Authority of Beneficiary’s native district to avoid duplication. Preference under the Scheme, is given applicant from Manual Scavengers, Women (with overriding preference to widows), persons belonging to Scheduled Castes/Scheduled Tribes/Other Backward Classes, Minorities, Persons with disabilities and Transgender. State Level Nodal Agency (SLNA) facilitates the identified eligible beneficiaries in getting approvals and documents, etc. to avail of credit linked subsidy.
CNAs, on behalf of PLIs sends list of beneficiaries under CLSS to concerned States/UTs. Concerned States / UTs monitors this list. They decides beneficiaries while checking other three verticals of the PMAY (Slum redevelopment / Affordable housing through builder / Subsidy for beneficiary led individual house construction or enhancement). It is to insure, no beneficiary can apply more than one benefit under the Mission.
To assist you to apply, I have listed official contact details that can help
To get PMAY CLSS from Government of India, your application is processed by CNA. There are only 2 of them HUDCO and NHB. If you are entitled, you can apply for subsidy through bank / housing finance company.
Then CNAs, on behalf of bank / housing finance company, sends your application to your States/UTs. They will confirm, that you have not taken benefit under other three verticals of the Scheme. Other verticals of scheme are Slum redevelopment, affordable housing through builder and subsidy for beneficiary led individual house construction or enhancement. State /UT of your native district will confirm from local revenue record, that no house is already owned by your family as per their records.
For a home buyer like you, applying for PMAY CLSS and getting subsidy credit is really challenging. At the first place it is difficult to know, how to apply. Second it is hard to spare enough time.
For your assistance, I have listed following relevant abbreviation for this page with process chart
PLI: Primary Lending Institutions
CNA: Central Nodal Agencies
EWS: Economically Weaker Section
LIG: Low Income Group
MIG: Medium Income Group
CLSS: Credit Linked Subsidy Scheme
NHB: National Housing Bank
HUDCO: Housing and Urban Development Corporation
PMAY: Pradhan Mantri Awas Yojana
PMAY– HFA(U): Pradhan Mantri Awas Yojana – Hous¬ing for All (Urban)
There is huge process involved with PMAY CLSS, but buying your dream house doesn’t have to be difficult. To make it super simple, you can get in touch with us for your home loan. We deals with major companies which can offer you home loan with this scheme.
It removes pain factor from your home loan and time spent for subsidy. You can simply rely on us. Because, before we finalize any home loan option for you, we do complete analysis of your profile and property. Based on comprehensive and extensive study we offer you most economical and best home loan option that offers.
When you apply your home loan through us, you gets your CLSS automatically credited direct to your loan account. You gets more amazing benefits, when you get your home loan through us. You get solution of home loan on vast property types as we deals with leading financial institutions for your home loan. Few property and income type we deals are mentioned below
• Home Loan on without map property
• Home loan in Lal Dora,
• Home loan in unapproved colony (With sale deed only)
• Home loan on double / Triple / Multiple units on same floor
• Plot purchase loan (Approved / Unapproved / Lal Dora)
• Construction loan (Approved / Unapproved / Lal Dora)
• Expansion / extension / renovation loan
• Liquid Income assessment (Low ITR)
• No income proof
Most bank and financial institutions have kept many areas in negative list for home loan. With us you can get home loan on many challenging property or income types for small one time advisory fee. This onetime fee is fraction of price. Get you home loan effortlessly ensuring most profitable deals available for you along with PMAY CLSS.
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We can easily get you home from mainstream banks / financial institutions with PMAY CLSS. You can save your time with our amazing door step service. You can get expert advice and remarkable savings effortlessly. All you need to do is submit your details with us.
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