Pradhan Mantri Awas Yojana

Required Documents

• Stipulated Loan Application with 2 passport size photos of applicant / Co-applicants or guarantor.
• KYC documents of applicant/ Co-applicants or guarantor:
• Proof of Identity - PAN CARD/Driver’s License/Voter ID /Passport/ Aadhar Card etc.
• Proof of Residence - Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others , Age proof of the applicant/ Co-applicants and PAN card (photo copy).
• Bank statement of salary account for past 6 months.
• Form No.16 & ITR if any supported by Employee ID/Appointment Letter/ Confirmation in services evidencing duration of the employment/3 years IT Returns.
• Business/Self-Employed individuals.
• Balance Sheet and Profit & Loss account for past three assessment years.
• ITR/ITAO filed for past three assessment years.
• In case of agricultural income is also included in ITR, Copy of lands records.
• Statement of Bank Account.
• Brief note on the nature of business.
• Proof of Business.

Loan Processing Charges

• Processing charges are waived.

Features

• Lower Rate of Interest
• Reducing Balance Interest Rate
• No Prepayment penalty
• Loans sanctioned to beneficiaries of EWS/LIG/MIG under the product are eligible for interest subsidy.
• subsidy of Rs. 1.80 lakh shall be provided to eligible beneficiaries having loan tenure of more than five years.