Pradhan Mantri Awas Yojana in SBI

Pradhan Mantri Awas Yojana Home Loan in SBI (State Bank Of India) Application Form Process Online Eligibility Criteria Important dates

AS per the latest updates from the PMO, a new scheme termed as Pradhan Mantri Home Loan Scheme has been announced for implementation. The officials have stated that the new scheme has been launched under the PMAY (Pradhan Mantri Awas Yojana) for Urban areas. As per the updates, the government shall provide with provision of Interest subsidy for beneficiaries opting for Home Loan under the scheme. The provision shall be provided by Nationalized bank – State Bank of India (SBI).

Pradhan Mantri Awas Yojana in SBI


Launch Details

Candidates who are interested in availing home loans at subsidized interest can now officially apply online via the SBI web portal. The provision for home loan application has been made available online at the website for PMAY-U.

Categories under the scheme

As per the officials, the SBI has announced to offer beneficiaries with home loan facility at subsidized rates for interest. The bank will also be offering with provision for selecting one amongst four categories available under the scheme.

  • LIG/ EWS – CLSS – under this category the applicants will be offered with a tenure period of 15 years for repayment of the loan amount.
  • LIG / EWS- CLSS Revised – Under this class or category the applicant can opt for a tenure period of up to 20 years for loan repayment. 
  • MIG 1 (CLSS) and MIG II (CLSS) – Interested candidates are free to go through the details at PM Awas yojana for MIG

The loan amount can be used by the candidates for construction of the homes or for acquisition of the affordable homes under PMAY.

Important Dates

The government has already announced about implementation of the scheme. Candidates who are interested in acquiring home loans via SBI and are eligible for LIG / EWS – CLSS can now get registered before 31st March 2022. For candidates who want to get registered under MIG categories for Subsidy can get registered under the scheme will 31st March 2019.

Online Application Form Registration Process Via SBI official Web Portal

Under the CLSS component, candidates who are interested in acquiring home loan can now follow the below mentioned procedure.

  • Even before you get registered you will have to confirm with the eligibility for the procedure under the scheme. You have to visit the official website for loan procedure at On the main web page you will be displayed with all conditions for eligibility check.
  • The moment you clear the eligibility, you can now make the online application for home loan under SBI by selecting “Apply Now” option. You can also visit the web page directly by clicking the link at
  • On the redirected web page you will have to make the selection of the Relationship type with SBI. In case you are having a valid SBI account then you have to provide relevant information by clicking “Yes” option.
  • For valid candidates, it is must to provide with registered mobile number of account number for authentication. If you are not having SBI bank account then you have to select “No” as your option. It is important to provide with details related to acquisition of home loan, income or salary details, details of location and co-applicants details.
  • The moment you have entered your purpose, you may have to enter details of property like Purchasing/ extension or Construction details. A simple form will open up which has to be filled in.
  • To get the home loan you just have to click the “Get loan” option. The selection has to be made from one amongst the options available depending on eligibility and income source. You can go through the conditions – EMI, Interest rate, Tenure for repayment and loan type.
  • For candidates who are not eligible will not be displayed with loan offers. The person will be requested to directly contact the Bank officials for further discussions.
  • The amount of loan and tenure period can also be customized as per your requirements on the official website. Later you have to click the “Apply” option. The moment you select this option you have to authenticate with your email ID and mobile number provided. Candidates will be forwarded with OTP on registered number that has to be verified.
  • For email verification candidates will also be forwarded with Captcha Code that has to be authenticated in the right tab. Once details have been confirmed the procedure and details related to home loan and amount will be forwarded in your email ID.
  • After confirmation of Registered mobile number, applicants will now have to fill in details in the Online Application form. All details related to personal information and other Biometrics have to be accurately filled in before submission.
  • You are free to make submission by selecting “Submit” option. The web portal will forward you with Application Number/ Reference or Acknowledgement for the applied loan. This ID has to be maintained for future reference.

Guidelines – Eligibility – PMAY Home Loan Scheme


Eligibility Criteria LIG/ EWS- CLSS (Current Instructions) LIG / EWS – CLSS (New Revised Instructrions)
Yearly / Family income Not to exceed INR 6 lakhs Not to exceed INR 6 lakhs
Carpet / Coverage or Property area For EWS category –minimum 30 sq. meter and for LIG category – minimum 60 Sq. Meter For EWS category area to be minimum 30 sq. m while for LIG category area to be minimum 60 sq. m.
Location details Valid for 4487 selected towns Valid for over 4487 selected towns
Ownership (women) Not valid for construction only purpose rest acceptable Acceptable for all except for construction purpose
Loan amount – under subsidy Maximum limit of Rs 6 lakhs Maximum loan amount of Rs 6 lakhs valid
Percent approved under subsidy Valid approval for 6.50 percent Valid approval for 6.50 percent
Amount approved for subsidy Approved amount of Rs 2.20 lakhs Approved amount of Rs 2.67 lakhs
NPV Approved equivalent to 9 percent Approved for 9 percent
Loan term – Maximum for calculated subsidy 15 years tenure 20 years tenure period
Property type Valid for 1st property Valid for1st property
Validity up to 2022 2022
Eligibility time Approval for loan till 2015 / 17th June Approval for loan till 2017/ 1st January


MIG I / MIG II – CLSS       

Eligibility Criteria MIG I MIG  II
Family income / yearly income Between 6 to 12 lakhs Between 12 to 18 lakhs
Carpet or coverage area Nearby 120 sq. m Near by 150 sq. m
Location 2011 – within Urban area 2011 – within Urban area
For women candidates Not eligible Not eligible
Subsidy amount loan Maximum limit of 9 lakhs Maximum limit of 12 lakhs
Percentage subsidy 4 percent approved 3 percent approved
Amount of subsidy 2.35 lakhs INR 2.30 lakh INR
NPV 9 percent approved 9 percent approved
Loan tenure for repayment Maximum 20 years tenure Maximum 20 years tenure
Property details Valid for new 1st home only Valid for 1st home only
Validity period 2019 March 31st 2019 March 31st
Loan applicability Approval by 1st January 2017 Approval by 1st January 2017



Town / City List PMAY

As per the government norms, there are 4487 selected towns within nationwide on the approval list of PMAY. 

Bank list for home loans – SBI

Under PMAY hundreds and financial institutions and banks have been approved for providing home loan for CLSS- PMAY-U component. You can check with the link directly at Affiliated bank list.

You can also visit the link directly at for collecting more details.

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