PMAY-U 2.0 Interest Subsidy
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Home Loan Solutions That Fit Just Right
ICICI HFC helps you avail the Government’s PMAY-Urban 2.0 home loan subsidy scheme – so that you can finally own a place that’s truly yours. Crores have benefited already. Don’t miss out on this limited application window.
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Trusted Lending Brand
Approved Primary Lending institution under PMAY-U 2.0
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Complete guidance by ICICI HFC
End-to-end support from loan application to subsidy application
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Tailored Loan Solutions
Customized home loan options aligned with PMAY guidelines
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One-Stop Solution for PMAY
From loan to subsidy, everything is handled under one roof
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Check Your Subsidy in Seconds
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Check Your Eligibility for an ICICI HFC Home Loan
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Criteria
Details
Homebuyer Status
First-time homebuyer (no pucca house owned by self or family)
Family Definition
Husband, wife, and unmarried children
Home Value
Up to ₹35 lakh
Carpet Area
Up to 120 sqm
Location
Property must be in statutory towns as per Census 2011
Annual Household Income
EWS (Up to ₹3 Lakh), LIG (₹3–6 Lakh), MIG (₹6–9 Lakh)
How to Apply for a PMAY-linked Home Loan
Step 1: Check Eligibility
Get to know if you qualify for PMAY-U 2.0 using our online tool
Step 2: Apply for Home Loan
Your RM will guide you while submitting your ICICI HFC loan application
Step 3: Loan Assessment
We verify your application, conduct a valuation, and sanction the loan
Step 4: Ready for Disbursal
The home loan is ready for you. We release the loan
Step 5: Subsidy Application
After disbursal, ICICI HFC helps you submit the PMAY-U subsidy claim
Step 6: Subsidy Credited to Account
Once approved by Govt., the interest subsidy is credited to your loan account by us
Become an ICICI HFC Home Loan Customer
Hear from Our PMAY Customers
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S Ramesh
Bangalore, Karnataka
The ICICI representative was a very good person and made everything very easy.
Chandan Mal Soni
Jalor, Rajasthan
All services were good and ICICI staff was good too.
Delli Babu
Chennai, Tamil Nadu
All doubts were clarified during the loan process by ICICI staff.
Prafful Solanki
Bundi, Rajasthan
The ICICI representative was very sincere and respectful man.
Scheme Overview & Eligibility
How does PMAY-U 2.0 work for homebuyers?
The Pradhan Mantri Awas Yojana 2.0 (PMAY 2.0) is a government house scheme aimed at making home ownership affordable for all. Under this PM home loan scheme, eligible applicants can get a subsidy in housing loan interest rates, reducing their overall EMI. ICICI HFC assists applicants in applying for this government scheme. For complete details, you can visit the official Government PMAY page.
How can I apply for a subsidised housing loan under PMAY-U 2.0?
To apply for a subsidised housing loan under the PMAY-U 2.0 scheme, visit the official PMAY-U website and submit your application with the required documents. You can also check your eligibility and track your application status on the same portal.
How is eligibility determined for PMAY-U 2.0?
Eligibility under the Pradhan Mantri Awas Yojana scheme is determined by several factors such as annual household income, property size (as per affordable housing norms), first-time home ownership, and family composition. The property must also be located in an area covered under the PMAY home loan scheme.
How is income and property type evaluated?
Income is verified through documents such as salary slips, income tax returns, and bank statements. The property must meet the affordable housing criteria defined under the PM house loan yojana, which includes location and carpet area limits applicable for different income categories.
Frequently Asked Questions
Still got questions? We have answered them. Select the category to explore the FAQs.
Subsidy & Loan Benefits
How does the scheme benefit first-time buyers?
The PM Modi scheme for home loan offers an interest subsidy that helps reduce EMIs, making home ownership easier for first-time buyers. It provides financial support across EWS, LIG, and MIG categories, enabling more families to own homes under this government house loan scheme.
How does PMAY-U 2.0 benefit middle-income and economically weaker sections?
The Pradhanmantri Home Loan Yojana offers tiered interest subsidies to different income groups—EWS (Economically Weaker Section), LIG (Low Income Group), and MIG (Middle Income Group). This govt home loan scheme lowers the effective interest rate, helping families access affordable housing finance through a government-backed home loan subsidy 2024 initiative.