Prime minister home loan interest rate
For all eligible borrowers, the subsidy amount would be paid to the bank. Once the bank receives the interest subsidy, it will be credited upfront to the loan account. The subsidy will be calculated on Net Present Value (NPV) at 9% discount rate. E.g., the borrower avails a loan for Rs. 8 Lakh and the subsidy works out to Rs. 2,20,000. The credit linked subsidy @ 4% will be available for loan amount up to Rs. 9 lacs in case of MIG-I and @3% for Rs 12 lacs in case of MIG-II. However, the Banks can sanction Home Loans more than Rs. 9 or12 lacs but the subsidy will be restricted to Rs. 9 or 12 lacs, as the case may be.. Under CLSS, Prime Ministers Rozgar Yojana: Central Government Loan for Unemployed Youth Interest Rates 2020 PMRY Loan Eligibility Projects Features & Benefits LOANS Personal Loan Short Term Loan Home Loan Car Loan Two Wheeler Loan Used Car Loan Education Loan