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PMAY 2.0 (U) Home Loans
| Criteria | Details for Urban Areas (Statutory Towns) |
| Annual Gross Income | 1) EWS: Up to ₹3 lakh 2) LIG: ₹3 lakh to ₹6 lakh 3) MIG-I: ₹6 lakh to ₹9 lakh 4) MIG-II: ₹9 lakh to ₹12 lakh |
| Property Cost Limit | Maximum ₹35 lakh across all categories (EWS, LIG, MIG) |
| Ownership Requirement | Must be in the name of a female head of household or jointly with a male member (exceptions apply if no adult female exists in the household). |
| Geographical Scope | All statutory towns as per Census 2011 and newly notified towns or urban areas. |
- Loan can be availed for purchase of House, Construction on plot, Purchase in co-op society, Repair/Extension of House
- PMAY-Urban 2.0 offers a subsidy of up to ₹1.80 lakh on your home loan interest, significantly reducing your financial burden.
- Attractive and lowest interest rate
- Salaried, Professionals and Business class can avail the benefit of the scheme
1.Loan Term
| Maximum | 30 years |
| *It cannot extend beyond your retirement age years (60 years for salaried individuals and 70 years for self-employed individuals) | |
2. Loan Amount
| Urban | Maximum amount of Rs. 25 lakhs |
3. Interest Rate & Charges
| Variable Rate |
| Your Loan interest rate
are CIBIL score linked (t&c apply)
For best rate please contact your nearest branch |
4. Repayment Mode
You can pay your home loan EMIs through:
- Electronic Clearing Service (ECS)/ National Automated Clearing House(NACH)- based on standing instructions, given to your bank
- Post Dated Cheques (PDCs) – Drawn on your salary/savings account. (Only for locations where ECS/NACH facility is not available)
Please note that the Home Loan EMI calculator has been created to give you an approximate understanding and should not be considered as absolute.
Yes No
Male with adult female in family
Female
Joint Male and Female Head
Widower/Unmarried/Separated Male with no adult female in family