Housing Loans

Credit Link Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY)

Credit Link Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY)



  • New construction
  • Addition of rooms, kitchen, toilet etc., to existing dwelling units. 



  • The dwelling unit should be located in Urban area as per 2011 census. The list of all 4041 statutory towns as per 2011Census that will be covered under the scheme is available in the NHB website.
  • Interest Subsidy:
  • Credit link subsidy is available for loan amount up to Rs. 6, 00,000/- only.
  • Interest subsidy is available at the rate of 6.50% for a tenure of 15 years. The maximum interest subsidy is Rs. 2.20 lac.
  • The net present value (NPV) of the interest subsidy will be calculated at a discounted rate of 9%.
  • The property to be acquired should be in the name of the female head of the family or in the joint names of the male head of the family and his wife.
  • The carpet area of the houses :
  • For new construction: No restriction on the area, but interest subvention would be limited to the first Rs. 6 lac only.
  • For repair and renovation:
  • Up to 30 sqm. for EWS
  • 60 sqm. for LIG
  • Annual household income:
  • EWS - up to Rs. 3 lac.
  • LIG   - between Rs. 3-6 lac.


Loan amount

Up to Rs. 25 lac.



As applicable to Individual housing loan under product 201, but interest subsidy will be available only for the initial 15 years of the loan.


Rate of interest (ROI)

Same as applicable to Individual Housing Loan (Product- 201) based on borrower’s category plus risk rating. Interest subsidy at the rate of 6.50% for the initial amount of Rs. 6 lac only.



As per progress of construction



Equitable mortgage of the property being financed
Collateral: on case to case basis, if required.



Not Applicable


Other Charges

  • Processing fees is not applicable on the initial Rs. 6 lac of the loan, but on the balance amount.
  • Other charges as per para no 11 of credit policy / Fair Practice Code updated from time to time

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Other Conditions

   For other conditions, please contact your nearest branch  




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