To access the old website
Click Here
Pradhan Mantri Awas Yojana Urban - 2.0 (PMAY U-2.0)
The Ministry of Housing and Urban Affairs, Government of India has launched the Pradhan Mantri Awas Yojana Urban - 2.0 (PMAY U-2.0) to provide all-weather pucca houses to all eligible urban households across the nation with the vision of ‘Housing for All’. The scheme is applicable for all cases sanctioned and disbursed on or after1st Sept 2024.
Key Highlights of the Scheme
Maximum Loan Amount
Up to ₹25 Lakh
Maximum House Value
Up to ₹35 Lakhs
Permissible size of house
from 30 sqm up to 120 sqm.
Interest Subsidy
4% p.a. on the first ₹8 lakh of the loan.
Maximum Benefit
₹1.80 lakh – paid in 5 instalments
Eligibility for Pradhan Mantri Awas Yojana Urban
Great plans start with well-calculated decisions
Home Loan EMI Calculator
Calculating your Home Loan EMI is now easier than ever with our user-friendly and efficient Home Loan EMI Calculator. Whether you have a ₹30 lakh home loan EMI for 20 years or a ₹20 lakh home loan EMI for 10 years.
3L
5Cr
Your EMI*₹ 1,14,678
Get a call back*Equated Monthly Installment'
Note: To see amortization schedule, please click here.
Total Amount Payable
1,37,621
APR Calculator
The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and loan origination charges.
6K
15Cr
0
50L
APR
8.00%
Exclusion Criteria
- Interest Subsidy is provided only once for a property. If sold, the new owner cannot claim the subsidy.
- Family members taking combined or separate loans on the same property are treated as one family for income calculation.
- Beneficiaries switching PLIs (Primary Lending Institutions) for balance transfer cannot claim the subsidy again.
- Loans exceeding ₹25 lakh or properties valued over ₹35 lakh are ineligible.
Under this scheme, eligible borrowers can apply and avail interest subsidy scheme (ISS) by applying on the below portal link.
NOTE
By clicking the below links you will be guided to the Ministry of Housing and Urban Affairs which is a Government of India website.
Please refer to the Guidelines for Eligibility criteria and Terms & Conditions
Click HereLink for ISS Application
Click Here
Related Products
Learning Hub
Look through our knowledge section for helpful blogs and articles.
Copyright@ 2025 Axis Bank