Visit the Aavas Financiers net banking portal or their official website. Click on the login page and enter your user id and password allocated for the net banking services. After logging in, click on the ‘Enquiries’ tab. Under the Enquiries head, select the ‘Home loan provisional certificate’ option.
Correspondingly, what is Awas home loan?
About Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana- Credit Linked Subsidy Scheme (PMAY-CLSS) enables home loan borrowers purchasing or constructing their first pucca house to get subsidy credited into their loan account of upto 2.67 lakh.
Also to know is, how is PMAY subsidy credited?
Interest subsidy will be credited upfront to the loan account of beneficiaries through Primary Lending Institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI). The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.
Is female ownership mandatory for PMAY?
Any household that includes a married couple and unmarried children can apply for PMAY benefits. Any earning adult member of the family who is unmarried is considered as a separate household. Female ownership or co-ownership is mandatory for EWS and LIG categories.
|Cons||The max loan amount lower as compared with HDFC bank||Higher rates of interest compared to State Bank of India|
Top banks / NBFCs / HFCs offering best home loan in India are:
- State Bank of India (SBI)
- HDFC Ltd.
- Bajaj Housing Finance Ltd.
- ICICI Bank.
- LIC Housing Finance Ltd.
- Axis Bank.
- Bank of Baroda.
- Kotak Mahindra Bank.
EMIs on a 20 lakh home loan for 30 years
|Loan Amount||Interest rate||EMI|