Affordable Housing Loan Scheme 2025

Published on April 20, 2025

The Indian government has launched an affordable housing loan scheme in 2025 to make homeownership accessible for low-income families. Loanpao.in explains the scheme’s features, eligibility, and application process.

What Is the Affordable Housing Loan Scheme?

The scheme offers subsidized home loans for economically weaker sections (EWS) and lower-income groups (LIG), with features like:

  • Low Interest Rates: Subsidized rates starting at 6.5%.
  • Longer Tenure: Up to 20 years for affordable repayments.
  • Credit-Linked Subsidy: Up to ₹2.67 lakh under PMAY-U.

Eligibility Criteria

To qualify, applicants must meet:

  • Income Limits: Annual household income up to ₹6 lakh (EWS) or ₹12 lakh (LIG).
  • Property Type: Homes up to 60 sq.m (EWS) or 120 sq.m (LIG).
  • First-Time Buyers: No prior property ownership.

How to Apply

Follow these steps:

  • Check Eligibility: Use Loanpao.in’s Eligibility Checker.
  • Choose a Lender: Compare banks with the Loan Comparison Tool.
  • Submit Documents: ID proof, income proof, and property details.
  • Apply via PMAY-U Portal: Register for subsidy benefits.

How Loanpao.in Can Help

Make homeownership easier with:

Frequently Asked Questions

What is the affordable housing loan scheme?
It’s a 2025 government initiative offering subsidized home loans for low-income families under PMAY-U.
Who is eligible for the scheme?
Families with incomes up to ₹6 lakh (EWS) or ₹12 lakh (LIG), buying their first home up to 120 sq.m.
How can I apply for the scheme?
Check eligibility, compare lenders, submit documents, and apply via the PMAY-U portal.
How does Loanpao.in assist with this scheme?
Loanpao.in offers tools like the EMI Calculator and Loan Comparison Tool to find and plan affordable loans.