Public Sector Bank (PSU)PMAY CLSS Subsidized Home Loan🇮🇳PMAY CLSS SubsidizedVerified: 2026-09-29

PMAY Credit Linked Subsidy Scheme (CLSS) - LIG Housing

Primary Lending Institution:Ministry of Housing and Urban Affairs (MoHUA)

Central interest subsidy of 6.5% on home loans up to ₹6 Lakh for Low Income Group households earning ₹3L–₹6L.

Connected Central Government Scheme: Pradhan Mantri Awas Yojana - Urban (PMAY-U / Housing for All)View Scheme Guidelines →

Interest Rate8.40% – 9.25% (Concessional interest subvention)Floating linked to RLLR / EBLR

Loan Amount QuantumUp to ₹50 Lakh (Subsidy on first ₹6 Lakh)Subject to LTV & income

Maximum TenureUp to 20 yearsOr up to age 70 years

Processing FeesNil on subsidy component up to ₹6 Lakh; standard processing fees on non-subsidized principal

What's Missing: Crucial Fine-Print & Exclusion Gaps

This loan requires the property to be in an approved society/project — self-constructed rural properties outside urban statutory authority master plans are strictly ineligible.

Note: Eligo publishes these exclusions directly from RBI Master Directions and bank MITC charters to prevent unexpected rejections or non-refundable fee losses.

What is PMAY Credit Linked Subsidy Scheme (CLSS) - LIG Housing?

PMAY-U interest subsidy category for Low Income Group households earning ₹3 Lakh to ₹6 Lakh annually, providing 6.50% subvention on housing loans.

Key Benefits & Features

Up to ₹2,67,280 upfront interest relief; enables construction or purchase of larger homes up to 60 sq.m; mandatory female ownership protection.

PMAY Interest Subsidy Details

6.50% upfront interest subsidy on principal up to ₹6 Lakh (Max subsidy ₹2.67 Lakh)

Property & Project Eligibility Requirements

Carpet area up to 60 sq. metres; urban master plan approved project; statutory building clearances.

Borrower Eligibility Criteria

Annual household income between ₹3,00,001 and ₹6,00,000; carpet area up to 60 sq.m; female ownership mandatory for new purchase.

Age Requirement21 to 70 Years

Min. Monthly Income₹25,000

Min. CIBIL Score650+

Prepayment PenaltyZero prepayment penalties on floating rate loans

How to Apply (3 Verified Paths)

📱Path 1: Existing Customers

Submit PMAY application claim with your home loan account number at your home branch.

🌐Path 2: Fresh Online Portal

Apply on bank website with PMAY subsidy box checked, supplying Aadhaar and income proof.

🏢Path 3: Branch / RACPC Walk-In

Submit home loan application along with PMAY affidavit at any scheduled commercial bank or HFC.

Eligo does not collect loan applications or borrower information. Apply exclusively on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Income certificate or ITR / Form 16, Aadhaar cards of family, Self-declaration of no pucca house, Title deed and municipal approval.

Frequently Asked Questions

What is the carpet area limit for PMAY CLSS LIG?

The dwelling unit carpet area must not exceed 60 square metres (approx. 645 sq. ft.) to qualify for LIG interest subsidy.

Can the total home loan exceed ₹6 Lakh?

Yes. The borrower can avail a loan of any amount (e.g. ₹25 Lakh), but the 6.5% interest subsidy is strictly calculated on the first ₹6 Lakh of the loan principal.

Can self-employed individuals apply for CLSS LIG?

Yes, self-employed individuals with annual gross business income between ₹3 Lakh and ₹6 Lakh supported by ITR or revenue authority certificates are fully eligible.

Is there an age limit for PMAY CLSS?

The primary applicant must be at least 21 years of age, and loan maturity is capped at age 70.