SBIMONEY.IN

Compare and Get lowest EMI on Home Loan, Personal Loan, Car Loan, Credit Cards

Updates on Loans, Credit Cards, Share Prices and more...

5 Jun 2018

Pradhan Mantri Awas Yojana June 2018 - Application Form, Loan, Process

Pradhan Mantri Awas Yojana June 2018 - All about PMAY Housing for all 2022 Scheme ✓ Application Form ✓ Loan Procedure ✓ Interest Rate ✓ EMI Calculation ✓ Eligibility ✓ Flat Price ✓ Annual Income Required for EWS/LIG ✓ Number of Flats under PMAY ✓ Loan Procedure ✓ Subsidy Scheme ✓ Important Dates ✓Flat Location ✓ Beneficiaries Details ✓ Features ✓ Application Procedure & more.




Under the Pradhan Mantri Awas Yojana (PMAY), the Constitutional rate of GST will be applicable on the construction of the house under the declared credit link subsidy scheme for EWS, LIG, MIG One and MIG One.

The GST exemption limit has been increased from 1 year to 3 years on viability gap funding received by the airport being built under the Regional Connectivity Scheme.

PRADHAN MANTRI AWAS YOJANA DETAILS
Scheme Launced by Central Government
Scheme Name Pradhan Mantri Awas Yojana or Housing for all 2022 Scheme
Scheme Implemented by 2015 - 2022 (July 17, 2015 - APRIL 31, 2022)
Duration of the Scheme 7 Years
Eligible EWS/LIG (Economically Weaker Section/ Lower Income Group)
Annual Income for EWS ₹3,00,000.00
Annual Income for LIG ₹300000 to up to ₹6,00,000.00
Credit-Linked Subsidy for EWS/LIG YES
Official Website http://mhupa.gov.in

GST and its implication on Affordable Housing segment: Customers are charged 12% as GST on the cost of under-construction flat. Accordingly, the cost of an Affordable Housing Flat of say Rs. 20 lacs will increase to Rs. 22.4 lacs, increasing the additional burden on home buyer.

Also, as GST cannot be considered as part of the value of property while availing the loan, the entire GST amount is required to be paid by the customer himself, thus increasing his own contribution to Rs. 4.4. lacs on a total cost of Rs. 22.4 lacs (this works out to 20% of the flat cost. In addition to this, customer also needs to pay processing fee, stamp duty insurance etc. taking the own contribution to about 30%).

Under the PMAY scheme, the application of the beneficiaries of the fourth category will be accepted and 50 thousand rupees will be transferred to the lump-sum account for the construction of the building. While the system was yet to take up the building after the application was accepted. The first installment foundation went after the foundation. This move of the government will benefit lakhs of people.

Under the new rules the beneficiaries will be given a second installment of Rs 1.50 lakh before the linter (roof). On completion of the construction work, 50 thousand rupees will be given as the last installment. Chief Secretary Manoj Kumar Singh has issued the order in this regard. In this way, a total of 2.50 lakh rupees will be given to help the beneficiary to build a house.

By March 31, 2018, 56.90 lakh beneficiaries have been sanctioned for the construction of 51 lakh houses. 51.39 lakh beneficiaries have got the first installment. 31.03 lakh beneficiaries have constructed the roof of their houses and the construction of 16.05 lakh beneficiaries is nearing completion. The highest number of beneficiaries of rural households in Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Uttar Pradesh and West Bengal is the highest. The people of these states have built their own houses within the stipulated time frame.

Subsidies Explained Earlier Scheme (2015) – CLSS for EWS/LIG Revised Scheme (2017) – CLSS for MIG
Loan Amount Up to Rs. 6 Lakh Up to Rs. 9 Lakh Up to Rs. 12 Lakh
Eligibility Criteria EWS (Annual income of Up to Rs. 3 Lakh) and LIG (Income of up to Rs. 6 Lakh per annum). Women to be the co-owner along with the beneficiary. MIG 1 – Up to Rs. 12 Lakh per annum MIG 2 – Up to Rs. 18 Lakh per annum
Subsidy Calculation for a loan tenure of up to 15 years 6.5% 4% 3%
Subsidy Amount Rs. 2.2 Lakh for a loan of 6 lakh Rs. 2.35 Lakh for a loan of Rs 9 Lakh Rs. 2.3 Lakh for a loan of Rs. 12 Lakh
Interest Rates and Subsidy
Interest Rate 10.5% 8.5%
Loan Amount Rs. 12 Lakh Rs. 9 Lakh or More Rs. 12 Lakh or More
Amount Eligible for Subsidy Rs. 6 Lakh Rs. 9 Lakh Rs. 12 Lakh
Subsidy Rate 6.5% 4% 3%
Subsidy Amount 2.2 Lakh 2.35 Lakh 2.3 Lakh

Beneficiaries of Economically Weaker section (EWS) and Low Income Group (LIG) seeking housing loans from Banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5 % for a tenure of 15 years or during tenure of loan whichever is lower. The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.

A beneficiary family will comprise husband, wife and unmarried children. The beneficiary family should not own a pucca house (an all weather dwelling unit) either in his/her name or in the name of any member of his/her family in any part of India.

STEPS TO APPLY for HOUSING FOR ALL 2022 - PMAY SCHEME

Step1. Firstly logged into the official website i.e. http://mhupa.gov.in

Step2. Find and Open 'Schemes/Missions' section visible on web page.

Step3. Click on to the 'Pradhan Mantri Awas Yojana' link given under this section.

Step4. Now download the 'Application form for Housing for All 2022' link visible on web page.

Step5. Now fill all mandatory details asking in application form and submit form to the concern department.

The EMI to be paid on the loans taken for this scheme will be reduced to significant amount under this scheme. The housing loan currently are available at a interested rate of 10.50%. As per the calculation, the EMI on such loan of ₹6 lakh for 15 year time would comes out to be ₹6,632.39. As per the PM Awas Scheme, due to 6.50 subsidy the new EMI will be ₹4050. So there is a benefit of ₹2000 in the EMI itself.

Component 1 – Central Grant of ₹1 Lakh(Average) would be provided to the beneficiary.

Component 2 – Subsidy of 6.50 % will be provided to EWS & LIG via credit linked subsidy scheme.

Component 3 – Central Assistance of ₹1.50 lakh will be provided to each beneficiary for promoting housing stock for urban poor, provided 35 percent of dwelling units of the projects proposed are earmarked for EWS category.

Component 4 – Central Assistance of ₹1.50 lakhs will be provided to eligible urban poor, who can build new house or undertake improvements of existing houses.

PRADHAN MANTRI AWAS YOJANA LOAN EMI CALCULATOR



EWS households are defined as households having an annual income up to ₹3,00,000. States/UTs shall have the flexibility to redefine the annual income criteria as per local conditions in consultation with the Centre.

LIG households are defined as households having an annual income between ₹3,00,001 up to ₹6,00,000. States/UTs shall have the flexibility to redefine the annual income criteria as per local conditions in consultation with the Centre.

A compact area of at least 300 population or about 60-70 households of poorly built congested tenements, in unhygienic environment usually with inadequate infrastructure and lacking in proper sanitary and drinking water facilities.

The credit linked subsidy will be available only for loan amounts upto ₹6 lakhs and additional loans beyond ₹6 lakhs, if any, will be at nonsubsidized rate. Interest subsidy will be credited upfront to the loan account of beneficiaries through lending institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI).

The subsidy would be disbursed to the beneficiaries account upfront by deducting it from the principal loan amount. As a result, the borrower will pay EMI on the remainder of the principal loan amount.

An affordable housing project can be a mix of houses for different categories (EWS, LIG, and HIG etc) but it will be eligible for central assistance, if at least 35% of the houses in the project are for EWS category and a single project has at least 250 houses. CSMC, however, can reduce the requirement of minimum number of houses in one project on the request of State Government.

The PM Awas Yojana would start in the year 2015 and would be spread for implementation till the year 2022 and would be carried out in three sustainable phases:

Pradhan Mantri Awas Yojana Phase 1: The Phase 1 of PM Awas Yojana would span from April 2015 to APRIL 2017 and a total of 100 cities would see the developmental work started and completed during this phase.

Pradhan Mantri Awas Yojana Phase 2: The Phase 2 of Pradhan Mantri Awas Yojana would span from April 2017 to APRIL 2019 and during this phase, a total of 200 more cities would be covered and developed.

Pradhan Mantri Awas Yojana Phase 3: The Phase 3 of PMAY would span from April 2019 to APRIL 2022 and during this phase the left over cities would be covered and developed.

The Beneficiaries of Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana would target specific groups from the society, which are:
  1. Women, irrespective of caste and religion
  2. Economically Weaker Section of Society (EWS)
  3. Scheduled Tribes (ST)
  4. Scheduled Casts (SC)
The Government of India would be granting a subsidy to people from these categories so that they buy a home for themselves and their families. The subsidy amount may range from ₹1 lakh to ₹2.30 lakh.

USER SEARCH QUERIES ON PRADHAN MANTRI AWAS YOJANA - JUNE 2018


USER SEARCHES ON PRADHAN MANTRI AWAS YOJANA RISING % UPDATED ON
pmay scheme details in telugu +200% 18.01.2018
pmay list 2017 west bengal +80% 18.01.2018
pmay list 2017 rajasthan +80% 18.01.2018
pmay helpline number +80% 18.01.2018
pmay eligibility criteria +80% 18.01.2018
pmay list west bengal +60% 18.01.2018
pmay west bengal +50% 18.01.2018

DOWNLOAD NOW PMAY HOUSING FOR ALL 2022 SCHEME APPLICATION FORM
OFFICIAL WEBSITE: MHUPA.GOV.IN

PMAY Track Application Status June 2018 - Tracker, Assessment ID, Print

PMAY Track Application Status June 2018 - SBIMONEY.IN provides a direct link to track your Pradhan Mantri Awas Yojana (PMAY) application status on the basis of ✓ Name ✓ Father's Name & ID Type ✓ Assessment ID.




Now it's probably possible to check online application status or print your application status of submitted application for Pradhan Mantri Awas Yojana. You can track your application status via two ways given on official website i.e. pmaymis.gov.in.



SCHEME NAME Pradhan Mantri Awas Yojana
Description Track Application Status
Launch Date 25.06.2017
Helpline Number 1800-11-5050
Official Website www.pmaymis.gov.in

When applying for Pradhan Mantri Awas Yojana online through Common Service Centers, the CSC’s will provide you an acknowledgement receipt along with your photograph and an application number on it. The application number mentioned on the acknowledgement receipt can be used to check the status of your application.

If you don’t know your application number or misplaced the acknowledgement receipt then you can also track status using the name of applicant, father name of applicant and ID type.

STEPS TO TRACK ONLINE PMAY APPLICATION STATUS


Via telephonic communication with customer care representative you can easy get your APPLICATION status. Follow the steps to get status online:

STEP1. Firstly logged into the official website i.e. www.pmaymis.gov.in

STEP2. Contact the PMAYMIS helpline specific to your geographical location.

STEP3. Advise the helpline representative that you are calling to track the status of your PMAY application.

STEP4. Now enter your Name, Fathers Name and ID Type or enter your Assessment ID and finally click on to the Show button.

STEP5. Finally you get the status of your PMAY application status.

DATE USER SEARCH QUERIES LAST WEEK RISING IN %
09.11.2017 chandigarh housing board +1050%
09.11.2017 pmay gramin guidelines +1000%
09.11.2017 pmay eligibility check +900%
09.11.2017 pmay online registration +350%
09.11.2017 pmay rajasthan +300%
09.11.2017 pmay online application form +250%
09.11.2017 gda +190%
09.11.2017 pm awas yojana cg list 2017 +170%
09.11.2017 pmsy scheme +170%
09.11.2017 iay.nic.in rajasthan +150%
09.11.2017 iay nic +140%
09.11.2017 pmay clss scheme +140%
09.11.2017 pmay home loan +130%
09.11.2017 pardhan mantri awas yojna +130%
09.11.2017 pmay solapur +100%
09.11.2017 pmay registration +60%
09.11.2017 pmay clss +60%
09.11.2017 pradhan mantri awas yojana +50%
09.11.2017 pmayg +40%
20.10.2017 pmay scheme sbi +1300%
20.10.2017 uday +1100%
20.10.2017 pmaymis gov in +500%
20.10.2017 iay.nic.in 2017 +350%
20.10.2017 subsidy under pmay +250%
20.10.2017 pmay full form +250%
20.10.2017 pmjay +200%
20.10.2017 pmay hfa urban +160%
20.10.2017 secc 2011 pmay +100%
20.10.2017 pmay application form pdf +100%
20.10.2017 pmay id +100%
20.10.2017 pmay scheme +100%
20.10.2017 pmay india +100%
20.10.2017 pmay gramin list +60%
20.10.2017 pmy +60%
20.10.2017 pmay report +50%
20.10.2017 pmay list +40%

PMAY APPLICATION STATUS - TRACK HERE

SBI Pension Loan EMI Calculator June 2018 - Interest Rates, Lowest EMI Online

SBI Pension Loan June 2018 - Get quick easy and fast approval on State Bank of India (SBI) Pension Personal Loan. Calculate simply personal loan emi on the basis of Loan Amount, Interest Rate & Tenor with our online calculator.




State Bank of India offers pension loan to all Central & State Government Pensioners and Defence Pensioners with a very attractive interest rate for Pensioners @ 13.05%, 2 year MCLR 8.10%, processing charges 0.50% of the Loan Amount + Service Tax with flexible repayment options upto 5 years (60 months), NIL Insurance, 0% Margin, No Pre-payment Penalty & more.

Bank Name : State Bank of India

Product Name : Pension Loan

Product Type : Personal loan

Interest Rate : 3.80% above 2 year MCLR, currently 13.05% p.a.

Official Website : www.sbi.co.in

STATE BANK OF INDIA MCLR effective from 01.06.2018

Tenor
MCLR (%)
Overnight
7.70%
One Month
7.80%
Three Month
7.85%
Six Month
7.90%
One Year
7.95%
Two Year
8.05%
Three Year
8.10%

SBI PENSION LOAN CALCULATOR - CALCULATE EMI ONLINE


SBI Complaint Status June 2018 - How to Complain and Check SBI Complaint Status Online

SBI Complaint Status June 2018 - SBIMONEY.IN provides a direct link to track your State Bank of India (SBI) Complaint Status on the basis of ✓ Complaint Ticket Number.




To get online complaint in SBI or State Bank of India, your SBI needs to have online Net Banking Active. If your online Net Banking is not active, you can also contact through your registered email. To file a complaint through email, VIA EMAIL ID, contact the customercare@sbi.co.in email address.


A existing customer can register a complaint by entering their ✓ Account Number ✓ Name of Complaint ✓ Branch Code ✓ Mobile Number ✓ E-Mail ID ✓ Category of Complaints ✓ Product & Services ✓ Nature of Complaints ✓ Transfree Branch & complete complaint message.


LENDER NAME State Bank of India
Description Complaint Status
Number of Branches 15969
SBI Helpline Number 1800 11 2211 (toll-free), 1800 425 3800 (toll-free) or 080-26599990.
Official Website www.sbi.co.in




STEPS TO TRACK ONLINE SBI COMPLAINT STATUS

Via telephonic communication with customer care representative you can easy get your loan status. Follow the steps to get status online:

STEP1. Firstly logged into the official website i.e. www.sbi.co.in

STEP2. Contact the SBI helpline specific to your geographical location.

STEP3. Advise the helpline representative that you are calling to track the complaint of your SBI application.

STEP4. Verify your identity by providing information, such as Complaint Ticket Number & captcha.

STEP5. Finally you get the status of your Complaint Status.

SBI COMPLAINT STATUS - TRACK HERE

SBI Car Loan Status June 2018 - Tracker, Account Statement, Application ID

SBI Car Loan Status June 2018 - SBIMONEY.IN provides a direct link to track your State Bank of India (SBI) Car Loan status on the basis of ✓ Loan Product ✓ LOS Application ID ✓ Date of Birth.










The State Bank of India (SBI) offers customers an online portal through which they can acquire their Car loan statements or interest certificates. This is a quick and convenient way for SBI customers to obtain the necessary information they require, without leaving the comfort of their home.

LENDER NAME State Bank of India
Description Car Loan Status
Number of Branches 15969
SBI Helpline Number 1800 11 2211 (toll-free), 1800 425 3800 (toll-free) or 080-26599990.
Official Website www.sbi.co.in

STEPS TO TRACK ONLINE SBI CAR LOAN STATUS


Via telephonic communication with customer care representative you can easy get your loan status. Follow the steps to get status online:

STEP1. Firstly logged into the official website i.e. www.sbi.co.in

STEP2. Contact the SBI helpline specific to your geographical location.

STEP3. Advise the helpline representative that you are calling to track the status of your SBI car loan application.

STEP4. Verify your identity by providing information, such as your name, address and Permanent Account Number.

STEP5. Finally you get the status of your car loan status.

SBI CAR LOAN STATUS - TRACK HERE

SBI Shaurya Home Loan June 2018 - Calculate EMI & Compare Interest Rate Online

SBI Shaurya Home Loan June 2018 - Compare and get lowest EMI on State Bank of India (SBI) Shaurya Home Loan on the basis of Rate of Interest, Loan Amount and Loan Term.







The Government of India has launched a new scheme for a person who's working or retired in defence. Employees who are serving in the Indian Army, Indian Air Force and Indian Navy can apply for the Shaurya Home Loan by SBI.

With the government deciding to implement the recommendations of the 7th Pay Commission on wage hike with effect from August 1, State Bank of India has introduced home loan products for Central/ State government/ public sector undertaking employees and defence personnel, whereby they will get the benefit of repaying the loan over a longer period and at softer interest rates.




“Under the new schemes, employees of central/state governments, defense forces, public sector banks, public sector enterprises of central government and other individuals with pensionable service will be offered home loans tailored to their specific needs,” State Bank of India (SBI) said in a statement. The bank said the tailor-made products will help customers purchase a spacious or luxurious home without stretching their post-retirement finances.

Eligible Applicants - Defense Personnel belonging to Army, Navy and Air force.
  • Reduced burden of servicing EMIs under the new schemes as lower EMIs would need to be serviced during the post-retirement term. This is because the EMIs to be serviced during the post-retirement term are capped at 50% of the current Net Monthly Income.
  • Extended repayment upto the age of 75 years as against 70 years under normal Home Loan scheme. The maximum loan term, however, shall remain capped at 30 years.
  • Full waiver of Processing Fee. Out-of-pocket expenditure such as Advocate’s Fee for Legal Opinion, Valuers Fee for Valuation Report, CERSAI and CIBIL charges will continue to remain applicable.
  • Benefit of lower interest rate as a concession of 5 bps over the Home Loan Card Interest Rate is available wherever check-off facility is extended by the Government under tie-up arrangement with the Bank.
  • Option for customers of other Banks / FIs to switchover their Home Loan outstanding balance to State Bank of India.

SBI SHAURYA HOME LOAN INTEREST RATE JUNE 2018

Borrowers' category Home Loan interest rate, irrespective of loan limit EMI per Lac for 30 year Tenor Maxgain above Rs. 20 lacs & upto Rs. 1 crore Maxgain above Rs. 1 crore CRE Maxgain, irrespective of loan limit
Women 20 bps above the MCLR i.e. 9.35% p.a Rs. 830 30 bps above the MCLR i.e. 9.40% p.a. 55 bps above the MCLR i.e. 9.65% p.a. 75 bps above the MCLR i.e. 9.85% p.a.
Others 25 bps above the MCLR i.e. 9.40% p.a. Rs. 35 bps above the MCLR i.e. 9.45% p.a. 60 bps above the MCLR i.e. 9.70% p.a. 80 bps above the MCLR i.e. 09.90% p.a

SBI SHAURYA HOME LOAN EMI CALCULATOR