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Ministry of Housing & Urban Affairs logo
Ministry of Housing & Urban Affairs

PMAY-Urban 2.0: up to ₹1.80 lakh home loan subsidy

₹1.80 lakh subsidy

Added today

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Check the terms on the official site before you sign up.

Quick facts

Discount₹1.80 lakh subsidy
RegionIndia
ExpiryOngoing
CategoryHousing & Utilities

Overview

First-time home buyers in cities get 4% interest subsidy on the first ₹8 lakh of a home loan for 12 years — worth up to ₹1.80 lakh.

Who can claim

Who is eligible

Urban families with income up to ₹9 lakh/yr (EWS ₹3L, LIG ₹3-6L, MIG ₹6-9L) with no pucca house in India; house value up to ₹35 lakh.

How to claim

  1. 1
    Apply on pmay-urban.gov.in or through your bank/HFC.
  2. 2
    Take a home loan (up to ₹25 lakh) from a listed lender.
  3. 3
    Subsidy is released to your loan account.

What you get

Government-set interest rate
Max ₹1.80 lakh benefit
Also available: BLC, AHP and rental housing

Important terms

“For loans sanctioned on/after 1 Sept 2024, scheme runs till 2029. Information only — scheme rules, amounts and dates can change. Confirm on the official government portal before applying. Never pay agents.”

Region: India
Ongoing
Housing & Utilities

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