Home Loan

How to get a loan under PMAY?

  • July 30, 2021
  • 3 minutes read

Pradhan Mantri Awas Yojana (Urban) or PMAY (U) scheme was launched in the year 2017 with the aim of providing pucca houses for all households in urban areas. Indian government introduced Credit Linked Subsidy Scheme (CLSS) under PMAY for Middle Income Groups (MIG) I and MIG II.  

CLSS focuses on covering the entire urban area population. Be it under Development Area/Special Area Development Authority/Industrial Development Authority/Notified Planning/Urban Development Authority or any Authority under the State legislation. 4331 cities and townships have been included under PMAY(U). Complete list of the cities and townships can be found in the official website – Ministry of Housing and Urban Affairs here –  

Progress PMAY : Ministry of Housing and Urban Affairs, Goverment of India (mohua.gov.in) 

Who can avail benefits of PMAY? 

Government divides middle income groups in two slabs, MIG I & MIG II. 

MIG households with an annual income between Rs.6,00,001 up to Rs.12 lakh. 

MIG households with an annual income between Rs.12,00,001 up to Rs.18 lakh. 

Therefore, any household that earns between Rs.6 lakh p.a to Rs.12 lakh p.a is eligible to receive the benefits of subsidized housing loan under PMAY. 

Subsidy available in PMAY-CLSS 

Subsidy is provided upon the interest rate of the housing loan taken under the PMAY scheme by eligible individuals. Middle Income Groups are divided into two slabs and subsidy is based on the income group a household falls under. 

Particulars MIG I  MIG II 
Annual income of household Rs.6-12 lakh Rs.12-18 lakh 
Loan amount eligible for subsidy of interest Rs.9 lakh Rs.12 lakh 
Interest subsidy 4% 3% 
Carpet area of the house for which loan is taken 160 sq. meter 200 sq. meter 
Maximum loan tenure 20 years 20 years 
Net Present Value (NPV) subsidy Rs.2.35 lakh Rs.2.30 lakh 

How to get a loan under Pradhan Mantri Awas Yojana (Urban)? 

You can apply for PMAY scheme online and offline. For offline medium, please contact the government office allocated for your current residential area. They will guide and direct you on the process.  

 With reduced capacity staffing and periodic lockdowns due to the pandemic, we recommend you apply online. You will receive all information and notifications on your registered e-mail address once you fill the online application. Here’s how you can apply online for PMAY. 

Step 1 – Visit PMAY website 

The website is owned and operated by the Government of India. PMAY website is the right place to apply for PMAY loan online. You can check the website here –  

PMAY-HFA(Urban) (pmaymis.gov.in) 

Step 2 – Choose Credit Link Subsidy Scheme (CLSS)  

In the PMAY official website, click on Citizen Assessment Tab. It will open up to show the four schemes that are operational under PMAY. They are In Situ Slum Redevelopment (ISSR), Affordable Housing in Partnership (AHP), Beneficiary Lead Construction/Enhancement (BLC/BLCE), and Credit Link Subsidy Scheme (CLSS). 

Choose CLSS. 

Step 3 – Fill details in the application 

When you click CLSS, it will open up to a new page. First check your eligibility for CLSS Subsidy here – https://pmayuclap.gov.in/content/html/Subsidy-Calc.html 

Keep your Aadhar number handy while filling the form. The website asks for Aadhar number to ensure there is no duplicity of loans. Enter requested details. Once this page confirms your eligibility, fill in all the details asked for in the application form.  

Step 4 – Save the form 

Once you have entered all the details, check for accuracy. Any false or misinformation will not be approved of by the Ministry of Housing and Urban Affairs.  

Post checking, enter Captcha code and click on the ‘Save’ button. 

Step 5 – Submit application to concerned bank 

You can then submit this PMAY application to the bank or HFC branch where you want to apply for your housing loan.  

Step 6 – Track Application Status 

After receiving a confirmation of form submission from your bank (if it is online), you can track your PMAY application status here – 


You can also track the application using PMAY (U) mobile app or UMANG platform – https://pmay-urban.gov.in/umang 

Step 7 – Approval 

Once your PMAY application is approved, your home loan processing by the bank will begin. Further loan process by the bank is based on the bank or financial institution you are availing the loan from. 

If you have any questions or concerns regarding PMAY while application or to track your loan application, please contact the below mentioned helpline numbers. 

National Housing Board – 1800 11 3377, 1800 11 3388 

SBI – 1800 11 2018 

Housing and Development Corporation (HUDCO) – 1800 11 6163 

Now that you know that you are eligible for benefits, what are you waiting for? Go ahead and apply for a housing loan under PMAY. If you have any questions for us, do drop them in the comments section. 

Written by: Marketing Fincity

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