Poonawalla Housing Finance Housing Loan
Benefits of Pradhan Mantri Awas Yojana

Celebrate the festival in your own home with PMAY Scheme

Attractive interest rates
starting @ 9.50%* p.a.

PMAY Subsidy


Minimum Documentation


Explore the Features & Benefits of the PMAY Scheme

The Credit Linked Subsidy Scheme (CLSS) for housing offers an interest subsidy of 6.5% p.a. (up to 2.67 Lakhs) under Pradhan Mantri Awas Yojana (PMAY). It helps lower your monthly EMIs substantially, thus making your home buying decision more affordable.

Particulars EWS LIG MIG1 MIG2
Scheme duration 17.06.2015 to 31.03.2022 01.01.2017 to 31.03.2021
Household income Up to  3,00,000/- 3,00,001/- to  6,00,000/- 6,00,001/- to  12,00,000/- 12,00,001/- to  18,00,000/-
Dwelling Unit carpet area (up to) in sqm 30# 60# 160 200
Interest subsidy (% p.a) 6.50% 4.00% 3.00%
Maximum Loan Tenure 15 Years (17.06.2015 to 31.12.2016) Not Applicable
20 Years (01.01.2017 Onwards)
Eligible housing loan amount for interest subsidy* 6,00,000/- 9,00,000/- 12,00,000/-
Discounted rate for Net Present Value (NPV) of interest subsidy calculation 9%
Upfront amount for subsidy for a 20 years loan 2,67,280/- 2,35,068/- 2,30,156/-
Saving in Monthly EMI (₹) Approx. @Loan Interest of 10% 2,500/- 2,250/- 2,200/-
Total Savings (₹) Approx. 6,00,000/- 5,40,000/- 5,28,000/-

Interest subsidy is credited upfront to the loan accounts of beneficiaries through Primary Lending Institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI). Net Present Value (NPV) of the interest subsidy is calculated at a discount rate of 9 %.

# The beneficiary, at his/her discretion, can build a house of larger area but interest subvention would be limited to the first Rs. 6 lakh only.
* Loans beyond this limit will not get interest subvention.


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