Owning a home is a dream come true for many homeowners, but many banks offer high interest rate home loans. But the central government will provide home loans at an interest rate of just two per cent.
One house is one of the basic needs of all human beings. Many people have heard of the Pradhan Mantri Awas Yojana. The scheme aims to provide housing loans at an interest rate of just two per cent. The government aims to complete the scheme from 2015 to 2022.
But many people have doubts as to who can apply for this scheme. Those with an annual income of up to Rs 1.5 lakh can apply for it. This home loan is available only to first time home buyers or builders.
The subsidy is divided into three categories: financially backward, low-income and middle-income earners. Only eligible candidates can apply. Documents like Aadhaar number and proof of annual income should be submitted before applying.
The repayment period is up to 20 years. You can apply for a home loan online. Open the official website of Pradhan Mantri Awas Yojana (http://pmaymis.gov.in/) and then open the Citizenship menu and select Options.
Fill in your information on the new screen that opens. After filling in, select Check Post. Then save. Then you will get the application number. Then download and print it and keep it. Share this useful knowledge with others.