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SBI PMAY Home Loan Yojana 2021 – Apply Online for Pradhan Mantri House Loan Scheme through State Bank of India

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 SBI PMAY Home Loan Yojana 2021 apply online form at homeloans.sbi/pmay: Pradhan Mantri Home Loan Yojana or the credit linked subsidy scheme under the Pradhan Mantri Awas Yojana – Urban (PMAY-U) offers interest subsidy on home loans. India’s largest public sector bank, State Bank of India is inviting online applications for home loan under Pradhan Mantri Awas Yojana. The interested / eligible candidates can apply online for PMAY home loan scheme through SBI home loans official website and avail interest subsidy.

Like other banks, State Bank of India is offering interest subsidy on the home loans under the four different categories namely CLSS – EWS / LIG (15 Years Tenure), Revised CLSS – EWS/LIG (20 Years Tenure), CLSS (MIG-I) and CLSS (MIG-II). The subsidy on home loan under the PMAY can be availed by the eligible candidates for acquisition or construction of first home.

The CLSS scheme for eligible EWS and LIG candidates is open till 31st March 2022 while MIG candidates can apply for the interest subsidy under the CLSS scheme till 31st March 2021.

SBI PMAY Home Loan Yojana Online Application Form 2021

Below is the complete step by step procedure to fill SBI home loan application form under the CLSS component of PM Awas Yojana – Urban. But before you apply for the home loan scheme, do check your eligibility for the scheme.

STEP 1: Visit the official website of SBI Home Loans at https://homeloans.sbi/pmay

STEP 2: Read the complete eligibility criteria and scheme details by scrolling below on the page.

STEP 3: Once you find yourself eligible for the CLSS scheme, click on the “Apply Now” button on the top of the page or directly click this link. After clicking this link a page as shown below will open


STEP 4: In this page, select your relationship with the bank, i.e. if you are already a customer of SBI, then select “Yes” and choose the type of relationship and enter your account number and phone number. Else, select “No” fill all the required details such as purpose of loan, applicant’s details, income details, co-applicant details, and preferred location.

STEP 5: Once you select “Purpose of Loan” and other options in the form, you will be asked a few more details about the property you are planning to buy / construct on / extend. Fill all the required details and complete the form as shown below.


STEP 6: Once you click “Get Loan Quote” button, you will be shown loan offers on the next page based on your eligibility / income details. The loan offers page will be displayed as shown below. EMI, tenure, interest rate, and loan type information will be displayed on this page.


After filling and submitting the application form, you will receive an acknowledgement / reference / application number to track the status of your loan. Keep note of it for future reference.

PMAY Home Loan Yojana Eligibility & Guidelines

CLSS for EWS & LIG

CriteriaExisting Instructions (CLSS – EWS + LIG)Revised Instructions (CLSS – EWS + LIG)
Household/ Annual Income (Rs)Upto Rs. 6 lakhsUpto Rs. 6 lakhs
Property Area (Carpet Area)30 sqm for EWS and 60 sqm for LIG30 sqm for EWS and 60 sqm for LIG
Location17778 towns17778 towns
Woman OwnershipYes (except for construction)Yes (except for construction)
Max Loan Amt for SubsidyUpto 6 lakhsUpto 6 lakhs
Subsidy %6.50%6.50%
Subsidy AmountRs. 2.20 lakhsRs. 2.67 lakhs
NPV9%9%
Max term of loan (on which subsidy will be calculated)15 yrs20 yrs
Property should be Family’s1st home**1st home**
Validity20222022
ApplicabilityLoans approved on/after 17/06/2015Loans approved on/after 01/01/2017
SBI PMAY Housing Loan for EWS / LIG

CLSS for MIG-I and MIG-II

CriteriaCLSS (MIG 1)CLSS (MIG 2)
Household/ Annual Income (Rs)Rs. 6.01-12.00 lakhsRs. 12.01-18.00 lakhs
Property Area (Carpet Area)120 sqm150 sqm
LocationUrban – 2011Urban – 2011
Woman OwnershipNot RequiredNot Required
Max Loan Amt for SubsidyUpto 9 lakhsUpto 12 lakhs
Subsidy %4%3%
Subsidy AmountRs. 2.35 lakhsRs. 2.30 lakhs
NPV9%9%
Max term of loan (on which subsidy will be calculated)20 yrs20 yrs
Property should be Family’s1st home**1st home**
Validity31/03/202031/03/2020
ApplicabilityLoans approved on/after 01/01/2017Loans approved on/after 01/01/2017
SBI PMAY Home Loan for MIG 1 / MIG 2
PMAY List of Cities / Towns
There are a total of about 17778 cities and towns across the country where the benefits of PMAY home loan scheme can be availed. The PMAY list of cities can be downloaded directly from the link from the SBI website.

For more details about the SBI PMAY home loan application form and procedure, please visit this link or contact any nearest bank branch.


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