A "low interest" loan shouldn't mean you have very little interest in paying it back!

    If you meet the eligibility criteria, then you can visit the nearest HDFC Bank and apply for the Pradhan Mantri Awas Yojana (PMAY) scheme. PMAY is a government launched home loan scheme which aims to provide homes to all the people who are economically weak. The government aims to fulfil the mission by 2022. We will have a look at what the HDFC PMAY scheme offers in detail.

    HDFC PMAY eligibility

    • No one from your family including you must own a pucca house in your name or in the name of any member of your family.
    • If you are married, then you can apply for the PMAY scheme where both you and your spouse will be jointly eligible for a single subsidy.
    • You must not have availed any other Government housing scheme or any other benefits applicable under the PMAY scheme.

    Check other HDFC Ltd. home loan scheme

    PMAY CLSS Scheme under HDFC

    BankType of CLSS scheme EWS and LIG MIG-I MIG-II
    Annual Income Up to Rs.6 lakh Rs.6.01 lakh- Rs.12.00 lakh Rs. 12.01 lakh-18.00 lakh
    Carpet Area 60sq m 160sq m 200sq m
    Interest Subsidy 6.5% 4% 3%
    Maximum loan amount on which subsidy will be calculated Rs.6 lakh Rs.9 lakh Rs.12 lakh
    Purpose for which loan is to be availed Purchase, self-construction or extension a house Purchase, self-construction or extension a house Purchase, self-construction or extension a house
    Validity of the scheme 31st March 2022 31st March 2021 31st March 2021
    Maximum subsidy amount Rs.2.67 lakh Rs.2.35 lakh Rs.2.30 lakh
    Woman ownership Yes Not mandatory Not mandatory

    Credit Linked Subsidy Scheme – EWS /LIG

    • If you belong to the Economically Weaker Section (EWS) or Low-Income Group (LIG), then you can apply for the PMAY scheme where an interest subsidy at 6.50% will be charged by the bank.
    • Your annual income must range between Rs.3 lakh and Rs.6 lakh.
    • The carper area must not exceed 60 square meters.
    • You can avail interest subsidy on a maximum loan amount of Rs.6 lakh.


    1. What should a family comprise of to be eligible for PMAY scheme?

      The family must comprise of two spouses, and unmarried children to be eligible for PMAY scheme.

    2. One of my kids is an earning member. Can they apply for this scheme?

      They can apply for this scheme separately.

    3. What will the discount rate at which Net Present Value (NPV) will be calculated?

      The discount rate at which NPV will be calculated will be 9%.

    4. How can I apply for this scheme?

      You can apply for this scheme by visiting the nearest HDFC Bank along with all the necessary documents. A representative from the bank will help you with the process of applying for this home loan scheme. You can also avail the call back facility available on the HDFC website. A customer care executive will get in touch with you.

    5. Is it mandatory to have Aadhar?

      Yes, it is mandatory for you to have Aadhaar if you wish to apply for a PMAY home loan scheme.


    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    This Page is BLOCKED as it is using Iframes.