SBI PMAY Home Loan Yojana 2022

SBI PMAY Home Loan Yojana 2022 online application form at Pradhan Mantri Home Loan Yojana or Pradhan Mantri Awas Yojana – Urban (PMAY-U) credit related grant scheme offers bonus interest on home loans. India’s largest public sector bank, State Bank of India, is inviting online applications for home loan under Pradhan Mantri Awas Yojana. Interested/eligible applicants can apply online for the PMAY home loan scheme through the official SBI home loan website and qualify for interest rate subsidy.

Like other banks, the State Bank of India offers interest rate subsidies on home loans in the four different categories, namely CLSS – EWS/LIG (15 years tenure), Revised CLSS – EWS/LIG (20 years of occupation), CLSS (MIG-I) and CLSS (MIG-II). The home loan subsidy under the PMAY can be used by eligible candidates for the acquisition or construction of a first home.

SBI Credit Card Apply Online 2022 – Check Eligibility

The CLSS scheme for eligible EWS and LIG applicants is open until March 31, 2022, while MIG applicants can apply for the interest subsidy under the CLSS scheme until March 31, 2021.

SBI PMAY Home Loan Yojana Online Application Form 2022

Below is the complete step by step procedure to complete the SBI home loan application form under the CLSS component of PM Awas Yojana – Urban. But before applying for the home loan program, check your eligibility for the program.

STEP 1: First, Visit the Official Website of SBI Home Loans.

STEP 2: Read full eligibility criteria and program details by scrolling down the page below.

STEP 3: Once you find yourself eligible for the CLSS program, click the “Apply Now” button at the top of the page or click this link directly. After clicking on this link, a page as shown below will open.

SBI PMAY Home Loan Yojana 2022

STEP 4: In this page, select your relationship with the bank, i.e. if you are already a customer of SBI, then select “Yes” and choose the type of relationship and enter your account number and your account number. telephone. Otherwise select “No” fill in all required details such as loan purpose, applicant details, income details, co-applicant details and preferred location. SBI PMAY Home Loan Yojana 2022

STEP 5: Once you have selected “Loan Purpose” and other options in the form, you will be asked for a few more details about the property you are planning to buy/build/expand. Fill in all the required details and complete the form.

STEP 6: Once you click on the “Get Loan Quote” button, loan offers will be displayed on the next page based on your eligibility/income details. The loan offers page will display as shown below. Information about the EMI, term, interest rate and type of loan will be displayed on this page.

If SBI finds you ineligible for the loan, it will not show any offers, in which case you may need to contact the SBI agency itself. SBI PMAY Home Loan Yojana 2022

STEP 7: You can now adjust your loan amount and term from here and click the “Apply” button against the loan offers as per your choice. Once you click on the apply button, you will be asked to verify your mobile number and email address. Enter a valid mobile number and email id and click on Verify button. Then enter the OTP received on your mobile number and the captcha image and click on the “Confirm” button. You will also receive the home loan offer details on your email id.

STEP 8: Once your mobile number is confirmed, you will be asked to complete the online home loan application form as shown below. Fill in all the required details in the application form and click on the “Submit Application” button at the bottom of the page. SBI PMAY Home Loan Yojana 2022

After completing and submitting the application form, you will receive an acknowledgment / reference / application number to track the status of your loan. Write it down for future reference.

SBI PMAY Home Loan Yojana Eligibility & Guidelines


Criteria Existing Instructions (CLSS – EWS + LIG) Revised Instructions (CLSS – EWS + LIG)
Household/ Annual Income (Rs) Upto Rs. 6 lakhs Upto Rs. 6 lakhs
Property Area (Carpet Area) 30 sqm for EWS and 60 sqm for LIG 30 sqm for EWS and 60 sqm for LIG
Location 17778 towns 17778 towns
Woman Ownership Yes (except for construction) Yes (except for construction)
Max Loan Amt for Subsidy Upto 6 lakhs Upto 6 lakhs
Subsidy % 6.50% 6.50%
Subsidy Amount Rs. 2.20 lakhs Rs. 2.67 lakhs
NPV 9% 9%
Max term of loan (on which subsidy will be calculated) 15 yrs 20 yrs
Property should be Family’s 1st home** 1st home**
Validity 2022 2022
Applicability Loans approved on/after 17/06/2015 Loans approved on/after 01/01/2017

CLSS for MIG-I and MIG-II (SBI PMAY Home Loan Yojana 2022)

Criteria CLSS (MIG 1) CLSS (MIG 2)
Household/ Annual Income (Rs) Rs. 6.01-12.00 lakhs Rs. 12.01-18.00 lakhs
Property Area (Carpet Area) 120 sqm 150 sqm
Location Urban – 2011 Urban – 2011
Woman Ownership Not Required Not Required
Max Loan Amt for Subsidy Upto 9 lakhs Upto 12 lakhs
Subsidy % 4% 3%
Subsidy Amount Rs. 2.35 lakhs Rs. 2.30 lakhs
NPV 9% 9%
Max term of loan (on which subsidy will be calculated) 20 yrs 20 yrs
Property should be Family’s 1st home** 1st home**
Validity 31/03/2020 31/03/2020
Applicability Loans approved on/after 01/01/2017 Loans approved on/after 01/01/2017

PMAY List of Towns / Villages (SBI PMAY Home Loan Yojana 2022)

There are a total of around 17778 cities and towns across the country where the benefits of the PMAY Home Loan Program can be availed. The PMAY list of cities can be downloaded directly from the link on the SBI website.

PMAY List of banks for home loans

Hundreds of banks and housing finance companies offer home loans under the PMAY-U CLSS component.

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