Looking for housing loan under Pradhan Mantri Awas Yojana, you can now do so online. The central government has allowed online submission of application forms for PMAY – Urban. The eligible candidates can apply for Pradhan Mantri Awas Yojana – Urban through common service centers from 3rd November onwards.
Facility to apply online for Pradhan Mantri Awas Yojana will be available at about 60000 common service centers in urban areas across the country.
An application cost of Rs. 25 will be charged by the CSC’s per application. Each application will be thoroughly reviewed and accepted only if the candidature of the applicant is found eligible as per the criteria.
Home Loans Under PM Awas Yojana
Once the application is approved, the applicants who have opted for subsidized housing loan will be provided facility to avail loan at subsidized interest rate. However, subsidy on interest will be provided on a loan of maximum Rs. 6 Lakh availed for a tenure of up to 15 years. In case the beneficiary avails more loan amount, then normal bank interest rate will be applicable on rest of the amount.
Below is the list of some of the leading banks and finance institutions with links to read about PM Awas Yojana home loans.
Canara Bank: http://www.canarabank.com/English/Scripts/PRADHAN%20MANTRI%20AWAS%20YOJNA.aspx
Bank of India: http://www.bankofindia.co.in/english/Awas.aspx
ICICI Bank: https://www.icicibank.com/Personal-Banking/loans/home-loan/pradhan-mantri-awas-yojna.page?
Corporation Bank: http://www.corpbank.com/loans/Pradhan-Mantri-Awas-Yojana-PMAY
Punjab National Bank: https://www.pnbindia.in/housing-loan-for-public-pradhan-mantri-awas-yojana-housing-for-all.html
Bank of Baroda: http://www.bankofbaroda.co.in/rur/Awas.asp
J&K Bank: http://www.jkslbc.com/pmay.php
IDBI Bank: https://www.idbi.com:8443/home-loan-PMAY-CLSS.asp
Yes bank: https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-launches-yes-khushi%E2%80%93affordable-home-loans
Tata Capital: http://www.tatacapital.com/home-loans/affordable-housing-finance.htm
IIFL Home Loans: http://www.iiflhomeloans.com/iifl-blogs/home-loan-is-at-subsidized-rate
So far about 150 banks and Housing Finance Companies have signed with National Housing Bank for the scheme.
Below is the list of Primary Lending Institutions who have signed the MoUs with Central Nodal Agencies (CNAs) to avail housing loans to beneficiaries, status as on 31 August 2016
| Sl. No. | Housing Finance Companies (HFCs) | Website | Name of the CNAs |
|---|---|---|---|
| 1 | Aspire Home Finance Corporation Ltd. | www.ahfcl.com | NHB |
| 2 | AU Housing Finance Ltd. | www.auhfin.in | NHB |
| 3 | Dewan Housing Finance Corporation Ltd. | www.dhfl.com | NHB |
| 4 | Mentor Home Loans India Ltd. | www.mentorhousing.com | NHB |
| 5 | Micro Housing Finance Corporation Ltd. | www.mhfcindia.com | NHB |
| 6 | National Trust Housing Finance Ltd. | www.natrusthome.com | NHB |
| 7 | New Habitat Housing Finance and Development Ltd. | www.newhabitat.in | NHB |
| 8 | India Shelter Finance Corporation Ltd. | www.indiashelter.in | NHB |
| 9 | North East Region Housing Finance Company Ltd. | www.nerhofic.co.in | NHB |
| 10 | Orange City Housing Finance Ltd. | www.ochfl.com | NHB |
| 11 | RAAS Housing Finance India Ltd. | www.raashfc.com | NHB |
| 12 | Shriram Housing Finance Ltd. | www.shriramhousing.in | NHB |
| 13 | Shubham Housing Development Finance Company Pvt. Ltd. | www.shubham.co | NHB |
| 14 | Sundaram BNP Paribas Home Finance Ltd. | www.sundarambnpparibashome.com | NHB |
| 15 | Saral Home Finance Ltd. | www.saraldhan.com | NHB |
| 16 | Adhar Housing Finance Ltd. | www.aadharhousing.com | NHB |
| 17 | HUDCO | www.hudco.org | NHB |
| 18 | Sahara Housing Finance Corporation Ltd. | www.saharahousingfina.com | NHB |
| 19 | India Bulls Housing Finance Ltd. | www.indiabullshomeloans.com | NHB |
| 20 | Magma Housing Finance | www.magmahfc.co.in | NHB |
| 21 | PNB Housing Finance Ltd. | www.pnbhousing.com | NHB |
| 22 | Mahindra Rural Housing Finance Ltd. | www.mahindrahomefinance.com | NHB |
| 23 | LIC Housing Finance Ltd. | www.lichousing.com | NHB |
| 24 | Muthoot Housing Finance Company Ltd. | www.muthootgroup.com | NHB |
| 25 | Capital First Housing Finance Ltd. | www.capfirst.com | NHB |
| 26 | GIC Housing Finance Ltd. | www.gichfindia.com | NHB |
| 27 | SEWA Grih Rin Ltd. | www.sgrlimited.in | NHB |
| 28 | MAS Rural Housing and Mortgage Finance Ltd. | www.mrhmfl.co.in | NHB |
| 29 | Akme Star Housing Finance Ltd. | www.akmestarhousing.com | NHB |
| 30 | Viva Home Finance Ltd. | www.vivagroup.in | NHB |
| 31 | Panthoibi Housing Finance Company Ltd. | www.phfcl.org.in | NHB |
| 32 | Manipal Housing Finance Syndicate Ltd. | www.manipalhousing.com | NHB |
| 33 | ICICI Home Finance Company Ltd. | www.icicihfc.com | NHB |
| 34 | Repco Home Finance Ltd. | www.repcohome.com | NHB |
| 35 | DHFL Vyasa Housing Finance Ltd. | www.dvhousing.com | NHB |
| 36 | Aptus Value Housing Finance India Ltd. | www.aptusindia.com | NHB |
| 37 | Home First Finance Company India Pvt. Ltd. | www.homefirstindia.com | NHB |
| 38 | SRG Housing Finance Ltd. | www.srghousing.com | NHB |
| 39 | India Home Loan Ltd. | www.indiahomeloan.co.in | NHB |
| 40 | Can Fin Homes Ltd. | www.canfinhomes.com | NHB |
| 41 | Swagat Housing Finance Company Ltd. | www.swagathfc.in | NHB |
| 42 | Equitas Housing Finance Pvt. Ltd. | www.equitashf.in | NHB |
| 43 | India Infoline Housing Finance Ltd. | www.iiflhomeloans.com | NHB |
| 44 | Cent Bank Home Finance Ltd. | www.cbhfl.com | NHB |
| 45 | HBN Housing Finance Ltd. | www.hbnhousing.com | NHB |
| 46 | Habitat Microbuild India Housing Finance Company Pvt. Ltd. | www.microbuildindia.com | NHB |
| 47 | Aditya Birla Housing Finance Ltd. | www.adityabirlahomeloans.com | NHB |
| 48 | Edelweiss Housing Finance Ltd. | www.edelweissfin.com | NHB |
| 49 | L & T Housing Finance Ltd. | www.lthousingfinance.com | NHB |
| 50 | Mannappuram Home Finance Pvt. Ltd. | www.manappuram.com | NHB |
| 51 | GRUH Finance Ltd. | www.gruh.com | NHB |
| 52 | Tata Capital Housing Finance Ltd. | www.tatacapitalhfl.com | NHB |
| 53 | Fast Track Housing Finance Pvt. Ltd. | www.fasttrackhfc.com | NHB |
| 54 | HDFC Ltd. | www.hdfc.com | NHB |
| 55 | Religare Housing Development Finance Corporation Ltd. | www.religarehomeloans.com | NHB |
| 56 | Vastu Housing Finance Corporation Ltd. | NHB | |
| 57 | Fullerton Home Finance Company Ltd. | www.fullertonindia.com | NHB |
| 58 | USB Housing Finance Corporation Ltd. | www.usbhousing.in | NHB |
| 59 | DMI Housing Finance Pvt. Ltd. | www.dmihousingfinance.in | NHB |
| 60 | Muthoot Homefin Ltd. | www.muthootfinance.com | NHB |
| 61 | Reliance Home Finance Ltd. | www.reliancehomefinance.com | NHB |
| 62 | Khush Housing Finance Ltd. | www.khfl.co.in | NHB |
| 63 | Capri Global Housing Finance Pvt. Ltd. | NHB | |
| 64 | Supreme Housing Finance Ltd. | NHB | |
| 65 | Swarna Pragati Housing Microfinance Pvt. Ltd. | www.swarnapragatihousing.com | NHB |
| 66 | Nivara Home Finance Ltd. | NHB | |
| 67 | Hinduja Housing Finance Ltd. | NHB | |
| 68 | Mamta Housing Finance Company Pvt. Ltd. | www.mamtahousingfinance.com | NHB |
| Public Sector Banks | |||
| 1 | Punjab & Sind Bank | www.psbindia.com | NHB |
| 2 | State Bank of Bikaner & Jaipur | www.sbbjbank.com | NHB |
| 3 | Corporation Bank | www.corpbank.com | NHB |
| 4 | Bhartiya Mahila Bank | ||
| 5 | Punjab National Bank | ||
| 6 | Allahabad Bank | www.allahabadbank.in | NHB |
| 7 | UCO Bank | www.ucobank.com | NHB |
| 8 | United Bank of India | www.unitedbankofindia.com | NHB |
| 9 | Indian Overseas Bank | ||
| 10 | Bank of Baroda | ||
| 11 | IDBI Bank Ltd. | ||
| 12 | Dena Bank | www.denabank.co.in | NHB |
| 13 | Andhra Bank | www.andhrabank.in | NHB |
| 14 | Bank of India | ||
| 15 | Bank of Maharashtra | ||
| 16 | State Bank of Hyderabad | www.sbhyd.com | NHB |
| 17 | Vijaya Bank | www.vijayabank.com | HUDCO |
| 18 | Central Bank of India | www.centralbankofindia.co.in | HUDCO |
| 19 | Indian Bank | www.indian-bank.com | NHB |
| 20 | State Bank of Travancore | www.statebankoftravancore.com | NHB |
| 21 | State Bank of Mysore | www.onlinesbm.com | NHB |
| 22 | Canara Bank | www.canarabank.in | NHB |
| 23 | Union Bank of India | www.unionbankonline.co.in | NHB |
| 24 | Syndicate Bank | www.syndicatebank.in | NHB |
| 25 | Oriental Bank of Commerce | www.obcindia.co.in | NHB |
| 26 | State Bank of India | www.sbi.co.in | NHB |
| 27 | State Bank of Patiala | www.sbp.co.in | NHB |
| Private Sector Banks | |||
| 1 | Axis Bank Ltd. | www.axisbank.com | NHB |
| 2 | DCB Bank Ltd. | www.dcbbank.com | NHB |
| 3 | J & K Bank | www.jkbank.net | HUDCO |
| 4 | City Union Bank | www.cityunionbank.com | HUDCO |
| 5 | Karnataka Bank Ltd. | www.karnatakabank.com | NHB |
| 6 | ICICI Bank Ltd. | www.icicibank.com | NHB |
| 7 | Tamilnad Mercantile Bank Ltd. | www.tmb.in | NHB |
| 8 | South Indian Bank Ltd. | www.southindianbank.com | HUDCO |
| 9 | Nainital Bank | www.nainitalbank.co.in | HUDCO |
| 10 | Karur Vysya Bank | www.kvb.co.in | NHB |
| 11 | Lakshmi Vilas Bank | www.lvbank.com | HUDCO |
| 12 | Dhanlaxmi Bank Ltd. | www.dhanbank.com | HUDCO |
| 13 | Catholic Syrian Bank | www.csb.co.in | NHB |
| 14 | The Federal Bank Ltd. | www.federalbank.co.in | NHB |
| 15 | Yes Bank | www.yesbank.in | NHB |
| Regional Rural Banks | |||
| 1 | Mizoram Rural Bank | www.mizoramruralbank.com | NHB |
| 2 | Meghalaya Rural Bank | www.meghalayaruralbank.co.in | HUDCO |
| 3 | Karnataka Vikas Grameena Bank | www.kvgbank.com | NHB |
| 4 | Saurashtra Gramin Bank | www.sgbrrb.org | NHB |
| 5 | Nagaland Rural Bank | NHB | |
| 6 | Baroda Rajasthan Kshetriya Gramin Bank | www.brkgb.com | HUDCO |
| 7 | Uttarakhand Gramin Bank | www.uttarakhandgraminbank.com | HUDCO |
| 8 | Vananchal Gramin Bank | www.vanachalgraminbank.com | HUDCO |
| 9 | Jharkhand Gramin Bank | www.jharkhandgraminbank.com | HUDCO |
| 10 | Rajasthan Marudhara Gramin Bank | www.mgbbank.com | HUDCO |
| 11 | Bangiya Gramin Vikas Bank | www.bgvb.co.in | HUDCO |
| 12 | Telangana Grameena Bank | www.tgbhyd.in | HUDCO |
| 13 | Narmada Jhabua Gramin Bank | www.njgb.in | NHB |
| 14 | Maharashtra Gramin Bank | www.mahagramin.in | NHB |
| 15 | Madhya Bihar Gramin Bank | www.mbgbpatna.com | NHB |
| 16 | Baroda Gujarat Gramin Bank | www.bggb.in | NHB |
| 17 | Pragathi Krishna Gramin Bank | www.pragathikrishnabank.com | NHB |
| 18 | Arunachal Pradesh Rural Bank | www.apruralbank.com | NHB |
| 19 | Langpi Dehangi Rural Bank | www.ldrb.org | NHB |
| 20 | Andhra Pragathi Grameena Bank | www.apgb.in | NHB |
| 21 | Utkal Grameen Bank | www.ugb.co.in | NHB |
| 22 | Allahabad U P Gramin Bank | www.allahabadgraminbank.in | NHB |
| 23 | Dena Gujarat Gramin Bank | www.dggb.co.in | NHB |
| 24 | Andhra Pradesh Grameena Vikas Bank | www.apgvbank.in | NHB |
| 25 | Satluj Gramin Bank | www.sgbbathinda.co.in | HUDCO |
| 26 | Assam Gramin Vikash Bank | www.agvbank.co.in | NHB |
| 27 | Kerala Gramin Bank | www.keralagbank.com | NHB |
| 28 | Manipur Rural Bank | www.manipurruralbank.com | NHB |
| 29 | Uttarbanga Kshetriya Gramin Bank | www.ubkgb.org | HUDCO |
| 30 | Tripura Gramin Bank | www.tripuragraminbank.org | NHB |
| 31 | Chhattisgarh Rajya Gramin Bank | www.cgbank.in | NHB |
| 32 | Bihar Gramin Bank | www.bihargraminbank.in | HUDCO |
| 33 | J & K Grameen Bank | www.jkgb.in | HUDCO |
| 34 | Sarva U.P. Gramin Bank | www.upgb.com | HUDCO |
| 35 | Madhyanchal Gramin Bank | www.mgbank.co.in | NHB |
| 36 | Odisha Gramin Bank | www.odishabank.in | NHB |
| 37 | Kashi Gomti Samyut Gramin Bank | www.kgsgbank.co.in | NHB |
| 38 | Pandayan Grama Bank | www.pandyangramabank.in | NHB |
| 39 | Purvanchal Bank | www.purvanchalbank.com | HUDCO |
| 40 | Uttar Bihar Gramin Bank | www.ubgb.in | NHB |
| 41 | Prathama Bank | www.prathamabank.org | NHB |
| 42 | Gramin Bank of Aryavart | www.aryavart.rrb.com | NHB |
| 43 | Baroda Uttar Pradesh Gramin Bank | www.barodagraminbank.com | NHB |
| 44 | Ellaquai Dehati Bank | www.edb.org.in | HUDCO |
| Co-operative Banks | |||
| 1 | Prime Co-operative Bank Ltd. | www.primebankindia.com | NHB |
| 2 | Shri Mahila Sewa Sahakari Bank Ltd. | www.sewabank.com | NHB |
| 3 | Ahmedabad Mercantile Co-operative Bank Ltd. | www.amco-bank.com | NHB |
| 4 | Kalupur Commercial Co-operative Bank Ltd. | www.kalupurbank.com | HUDCO |
| 5 | Mehsana Urban Co-operative Bank Ltd. | www.mucbank.com | HUDCO |
| 6 | Cosmos Co-operative Urban Bank Ltd. | www.cosmosbank.com | HUDCO |
| 7 | Nutan Nagarik Sahakari Bank Ltd. | www.nutanbank.com | HUDCO |
| 8 | The Goa State Co-operative Bank Ltd. | www.gscbgoa.com | HUDCO |
| 9 | Jharkhand State Co-operative Bank Ltd. | www.jscb.gov.in | HUDCO |
| 10 | Odisha State Co-operative Bank | www.oscb.coop | HUDCO |
| 11 | Sikkim State Co-operative Bank Ltd. | HUDCO | |
| 12 | The Surat People’s Cooperative Bank Ltd. | www.spcbl.in | HUDCO |
| 13 | Bombay Mercantile Co-operative Bank | www.bmcbankltd.com | NHB |
| 14 | Punjab & Maharashtra Co-operative Bank Ltd. | www.pmcbank.com | NHB |
| 15 | Rajkot Nagarik Sahakari Bank Ltd. | www.rnsbindia.com | NHB |
| 16 | The West Bengal State Co-operative Bank Ltd. | www.wbscb.com | NHB |
| 17 | The Kalyan Janata Sahakari Bank Ltd. | www.kalyanjanata.in | NHB |
| 18 | The Gujarat State Co-operative Bank Ltd. | www.gscbank.co.in | NHB |
| 19 | Shikshak Sahakari Bank Ltd. | www.shikshakbank.com | HUDCO |
| 20 | Mizoram Cooperative Apex Bank Ltd. | www.mizoapex.com | HUDCO |
| 21 | The Mahanagar Co-operative Bank Ltd. | www.mahanagarbank.com | HUDCO |
| 22 | The Bharat Co-operative Bank (Mumbai) Ltd. | www.bharatbank.com | NHB |
| 23 | The Greater Bombay Co-operative Bank Ltd. | www.greaterbank.com | NHB |
| 24 | The Nawangar Co-operative Bank Ltd. | NHB | |
| 25 | Citizen Credit Co-operative Bank Ltd. | www.citizencreditbank.com | NHB |
| 26 | Sarvodaya Commercial Cooperative Bank | www.sccbank.in | NHB |
| 27 | Bihar State Cooperative Bank Ltd. | http://biharbank.bih.nic.in | HUDCO |
| 28 | Sardar Bhiladwala Pardi People’s Co-Operative Bank Ltd. | www.pardipeoplesbank.in | HUDCO |
| 29 | Chhattisgarh Rajya Sahakari Bank Maryadit | www.cgapexbank.com | HUDCO |
| 30 | J & K State Cooperative Bank | HUDCO | |
| 31 | Sangli Urban CoOperative Bank Ltd. | www.sangliurbanbank.in | HUDCO |
| 32 | Meghalaya Co-Operative Apex Bank Ltd. | www.mcab.gov.in | HUDCO |
| 33 | Karad Urban Co-Operative Bank Ltd. | www.karadurbanbank.com | HUDCO |
NHB: National Housing Bank
HUDCO: Housing and Urban Development Corporation Ltd.
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