In order to encourage more people to invest in houses, there are many tax deductions one can... Read more
18 Nov 20215 min read
18 Lakhs
20 years
11.00% p.a
The eligibility criteria mainly depends on your employment. Choose the employment type and check your eligibility.
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The PMAY scheme is open to just about any family having an annual income of not more than INR 18 lakh. If you'd like to apply for said PMAY subsidy financial advantage, you can do so at either of our divisions. Our nearest branch professionals will evaluate your application and process it as soon as possible. Our intention is to streamline the process and make it as quick and easy for you as possible.
Note: The evaluation of your entitlement to receive CLSS economic advantages is solely at the good judgment of the Indian government. The guidelines highlighted in the Centrally sponsored scheme for determining eligibility are illustrated in this content.
PMAY stands for Pradhan Mantri Awas Yojana which is a Credit Linked Subsidy Scheme (CLSS) introduced by the Central Government of India with the aim of making affordable housing available to various sections of society.
Yes, Piramal Finance offers Home Loans under the PMAY scheme. A beneficiary family not owning a Pucca house (an all-weather dwelling unit) in any part of Bharat is eligible for this subsidy, subject to various criteria as defined for the family under various schemes for EWS/LIG/MIG-1 and MIG-2. Through this scheme, the beneficiary is eligible to avail of an interest subsidy on the purchase/construction of a house.
I applied for a home loan with Piramal and I got sanction for the required amount for 29 years under the Gruh Setu Home Loan. I have purchased the row house, and my family and I are happy that we will be moving into our new house soon.
Rajendra Rupchand Rajput