PM Awas Yojana: Get loan for maximum duration, know other conditions

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Pradhan Mantri Awas Yojana: Housing finance companies, banks, regional rural banks, small finance banks and many institutions are providing benefits to customers.




Pradhan Mantri Awas Yojana: Credit linked subsidy is provided on home loans through Pradhan Mantri Awas Yojana . The government provides subsidy up to Rs 2.67 lakh under this scheme. The deadline of the scheme has been extended till 31 March 2021. If you dream of own house then you can apply under the scheme started in 2015. Housing finance companies, banks, regional rural banks, small finance banks and many institutions are providing this benefit to the customers.

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Before applying under this scheme, there is a question in the mind of the customers that the maximum period for which loan is taken under this scheme? The loan is given for a maximum period of 30 years under the rules of the scheme. The loan term should not exceed the retirement age or 65 years, whichever is earlier, under any circumstances. If a beneficiary wants to repay the loan amount from this time period, he can do so.

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