Pradhan Mantri Awas Yojana (PMAY) Housing Loan Schemes by Banks

November 6, 2016 | Last Modified: February 2, 2017 at 3:41 pm | Category: Central Government, Pradhan Mantri Yojana

Looking for housing loan under Pradhan Mantri Awas Yojana, you can now do so by contacting any of the primary lending institutions which includes public & private sector banks, non banking housing finance companies, regional & co-operative banks. The central government has allowed online submission of application forms for PMAY – Urban. The eligible candidates can apply for Pradhan Mantri Awas Yojana – Urban through common service centers from 3rd November onwards.

Facility to apply online for Pradhan Mantri Awas Yojana will be available at about 60000 common service centers in urban areas across the country.

An application cost of Rs. 25 will be charged by the CSC’s per application. Each application will be thoroughly reviewed and accepted only if the candidature of the applicant is found eligible as per the criteria.

Home Loans Under PM Awas Yojana

Once the application is approved, the applicants who have opted for subsidized housing loan will be provided facility to avail loan at subsidized interest rate. However, subsidy on interest will be provided on a loan of maximum Rs. 6 Lakh availed for a tenure of up to 15 years. In case the beneficiary avails more loan amount, then normal bank interest rate will be applicable on rest of the amount.

So far 201 banks and Housing Finance Companies have signed MOU with Central Nodal Agencies for the scheme.

Housing Finance Companies 71 –  71
Public Sector Banks 25 2 27
Private Sector Banks 9 6 15
Regional Rural Banks 34 15 49
Co-Operative Banks 15 24 39
Total  154 47 201

Below is the list of Primary Lending Institutions who have signed the MoUs with Central Nodal Agencies (CNAs) to provide housing loans to beneficiaries, status as on 31 December 2016.

List of PLI’s, Banks & HFC’s for Home Loan under PMAY

Sr. No. Primary Lending Institution (PLI) Website Address Associated Central Nodal Agency (CNA)
Housing Finance Companies (HFCs)
1 Aadhar Housing Finance Ltd. NHB
2 Aditya Birla Housing Finance Ltd. NHB
3 Akme Star Housing Finance Ltd. NHB
4 Aptus Value Housing Finance India Ltd. NHB
5 Aspire Home Finance Corporation Ltd. NHB
6 AU Housing Finance Ltd. NHB
7 Can Fin Homes Ltd. NHB
8 Capital First Home Finance Ltd. NHB
9 Capri Global Housing Finance Private Limited  NHB
10 Cent Bank Home Finance Ltd. NHB
11 Dewan Housing Finance Corporation Ltd. NHB
12 DHFL Vyasa Housing Finance Ltd. NHB
13 DMI Housing Finance Pvt. Ltd. NHB
14 Edelweiss Housing Finance Ltd. NHB
15 Equitas Housing Finance Pvt. Ltd. NHB
16 Fast Track Housing Finance Pvt. Ltd. NHB
17 Fullerton Home Finance Company Ltd. NHB
18 GIC Housing Finance Ltd. NHB
19 GRUH Finance Ltd. NHB
20 Habitat Microbuild India Housing Finance Company Pvt. Ltd. NHB
21 HBN Housing Finance Ltd. NHB
22 Hinduja Housing Finance Limited NHB
23 Home First Finance Company India Pvt. Ltd. NHB
24 Housing and Development Corporation Ltd. NHB
25 Housing Development Finance Corporation Ltd. NHB
26 ICICI Home Finance Company Ltd. NHB
27 India Bulls Housing Finance Ltd. NHB
28 India Home Loan Ltd. NHB
29 India Infoline Housing Finance Ltd. NHB
30 India Shelter Finance Corporation Ltd. NHB
31 Khush Housing Finance Ltd. NHB
32 L & T Housing Finance Ltd. NHB
33 LIC Housing Finance Ltd. NHB
34 Magma Housing Finance NHB
35 Mahindra Rural Housing Finance Ltd. NHB
36 Mamata Housing Finance Company Pvt. Ltd. NHB
37 Manipal Housing Finance Syndicate Ltd. NHB
38 Mannappuram Home Finance Pvt. Ltd. NHB
39 MAS Rural Housing and Mortgage Finance Ltd. NHB
40 Mentor Home Loans India Ltd. NHB
41 Micro Housing Finance Corporation Ltd. NHB
42 Muthoot Homefin (India) Ltd. NHB
43 Muthoot Housing Finance Company Ltd. NHB
44 National Trust Housing Finance Ltd. NHB
45 New Habitat Housing Finance and Development Ltd. NHB
46 Nivara Home finance limited NHB
47 North East Region Housing Finance Company Ltd. NHB
48 Orange City Housing Finance Ltd. NHB
49 Panthoibi Housing Finance Company Ltd. NHB
50 PNB Housing Finance Ltd. NHB
51 RAAS Housing Finance (India) Ltd. NHB
52 Reliance Home Finance Ltd. NHB
53 Religare Housing Development Finance Corporation Ltd. NHB
54 Repco Home Finance Ltd. NHB
55 Sahara Housing Fina Corporation Ltd. NHB
56 Saral Home Finance Ltd. NHB
57 SEWA Grih Rin Ltd. NHB
58 Shriram Housing Finance Ltd. NHB
59 Shubham Housing Development Finance Company Pvt. Ltd. NHB
60 SRG Housing Finance Ltd. NHB
61 Sundaram BNP Paribas Home Finance Ltd. NHB
62 Supreme Housing Finance Limited NHB
63 Swagat Housing Finance Company Ltd. NHB
64 Swarna Pragati Housing Microfinance Private Limited NHB
65 Tata Capital Housing Finance Ltd. NHB
66 USB Housing Finance Corporation Ltd. NHB
67 Vastu Housing Finance Corporation Ltd. NHB
68 Viva Home Finance Ltd. NHB
69 West End Housing Finance Limited NHB
70 Ummeed Housing Finance Private Limited NHB
71 IKF Housing Finance Private Limited NHB
 Public Sector Banks
1 Allahabad Bank NHB
2 Andhra Bank NHB
3 Bank of Baroda NHB
4 Bank of India NHB
5 Bank of Maharashtra NHB
6 Bhartiya Mahila Bank Ltd. NHB
7 Canara Bank NHB
8 Corporation Bank NHB
9 Dena Bank NHB
10 IDBI Bank Ltd. NHB
11 Indian Bank NHB
12 Indian Overseas Bank NHB
13 Oriental Bank of Commerce NHB
14 Punjab & Sind Bank NHB
15 Punjab National Bank NHB
16 State Bank of Bikaner & Jaipur NHB
17 State Bank of Hyderabad NHB
18 State Bank of India NHB
19 State Bank of Mysore NHB
20 State Bank of Travancore NHB
21 Syndicate Bank NHB
22 UCO Bank NHB
23 Union Bank of India NHB
24 United Bank of India NHB
25 State Bank of Patiala NHB
26 Central Bank of India HUDCO
27 Vijaya Bank HUDCO
Private Sector Banks
1 Axis Bank Ltd. NHB
2 DCB Bank Ltd. NHB
3 ICICI Bank Ltd. NHB
4 Karnataka Bank Ltd. NHB
5 Karur Vysya Bank Ltd. NHB
6 Tamilnad Mercantile Bank Ltd. NHB
7 Catholic Syrian Bank NHB
8 The Federal Bank Ltd. NHB
9 Yes Bank NHB
10 City Union Bank HUDCO
11 Dhanlaxmi Bank Ltd. HUDCO
12 J & K Bank HUDCO
13 Lakshmi Vilas Bank HUDCO
14 Nanital Bank Ltd. HUDCO
15 South Indian Bank Ltd. HUDCO
 Regional Rural Banks
1 Allahabad UP Gramin Bank NHB
2 Andhra Pradesh Grameena Vikas Bank NHB
3 Andhra Pragati Grameena Bank NHB
4 Arunanchal Pradesh Rural Bank NHB
5 Assam Gramin Bank NHB
6 Baroda Gujarat Gramin Bank NHB
7 Dena Gujarat Gramin Bank NHB
8 Karnataka Vikas Grameena Bank NHB
9 Kerala Gramin Bank NHB
10 Langpi Dehangi Rural Bank NHB
11 Madhya Bihar Gramin Bank NHB
12 Maharashtra Gramin Bank NHB
13 Manipur Rural Bank NHB
14 Mizoram Rural Bank NHB
15  Nagaland Rural Bank NHB
16 Narmada Jhabua Gramin Bank NHB
17 Pragathi Krishna Gramin Bank NHB
18 Saurashtra Gramin Bank NHB
19 Utkal Grameen Bank NHB
20 Chhattisgarh Rajya Gramin Bank NHB
21 Tripura Gramin Bank NHB
22 Madhyanchal Gramin Bank NHB
23 Odisha Gramiya Bank NHB
24 Kashi Gomti Samyut Bank NHB
25 Pandyan Grama Bank NHB
26 Uttar Bihar Gramin Bank NHB
27 Prathama Bank NHB
28 Gramin Bank of Aryavart NHB
29 Baroda Uttar Pradesh Gramin Bank NHB
30 Punjab Gramin Bank NHB
31 Kaveri Grameena Bank NHB
32 Sarva Haryana Gramin Bank NHB
33 Central Madhya Pradesh Gramin Bank NHB
34 Chaitanya Godavari Grameena Bank NHB
35 Bangiya Gramin Vikas Bank HUDCO
36 Baroda Rajasthan Kshetriya Gramin Bank HUDCO
37 Bihar Gramin Bank HUDCO
38 J&K Grameen Bank HUDCO
39 Jharkhand Gramin Bank HUDCO
40 Meghalaya Rural Bank HUDCO
41 Rajasthan Marudhara Gramin Bank HUDCO
42 Sarva UP Gramin Bank HUDCO
43 Satluj Gramin Bank HUDCO
44 Telangana Grameena Bank HUDCO
45 Uttarakhand Gramin Bank HUDCO
46 Uttarbanga Kshetriya Gramin Bank HUDCO
47 Vanachal Gramin Bank HUDCO
48 Purvanchal Bank HUDCO
49 Ellaquai Dehati Bank HUDCO
Co-operative Banks
1 Bombay Mercantile Co-operative Bank NHB
2 Prime Co-operative Bank Ltd. NHB
3 Punjab & Maharastra Co- operative Bank Ltd. NHB
4 Rajkot Nagarik Sahakari Bank Limited NHB
5 Shri Mahila Sewa Sahakari Bank Ltd. NHB
6 The Ahmedabad Mercantile Co- operative Bank Ltd. NHB
7 The Gujarat State Co-operative Bank Ltd NHB
8 The Kalyan Janata Sahakari Bank Ltd. NHB
9 The West Bengal State Co- operative Bank Ltd. NHB
10 The Bharat Co-operative Bank (Mumbai) Ltd. NHB
11 The Greater Bombay Co- operative Bank Ltd. NHB
12 The Nawangar Co-operative Bank Ltd. NHB
13 Citizen Credit Co-op Bank Limited NHB
14 Sarvodaya Commercial Co- operative Bank NHB
15 Jalgaon Janata Sahakari Bank Ltd. NHB
16 Bihar State Co-operative Bank Ltd. HUDCO
17 Chhattisgarh Rajya Sahakari Bank Maryadit HUDCO
18 Cosmos Co-operative Urban Bank Ltd. HUDCO
19 J&K State Cooperative Bank HUDCO
20 Jharkhand State Co-Operative Bank Ltd. HUDCO
21 Kalupur Commercial Co-operative Bank Ltd. HUDCO
22 Mahanagar Co-Operative Bank Ltd. HUDCO
23 Mehsana Urban Co-Operative Bank Ltd. HUDCO
24 Mizoram Cooperative Apex Bank Ltd. HUDCO
25 Nutan Nagarik Sahakari Bank Ltd. HUDCO
26 Odisha State Cooperative Bank HUDCO
27 Sardar Bhiladwala Pardi People’s Co-Operative Bank Ltd. HUDCO
28 Shikshak Sahakari Bank Ltd. HUDCO
29 Sikkim State Co-Operative Bank Ltd. HUDCO
30 The Goa State Co-Operative Bank Ltd. HUDCO
31 The Surat People’s Cooperative Bank Ltd. HUDCO
32 Sangli Urban Co-Operative Bank Ltd. HUDCO
33 Meghalaya Co-Operative Apex Bank Ltd. HUDCO
34 Karad Urban Co-Operative Bank Ltd. HUDCO
35 Kerala State Co-Operative Bank Ltd. HUDCO
36 Shree Panchganga Nagari Sahakari Bank Ltd. HUDCO
37 Uttarakhand State Cooperative Bank Ltd. HUDCO
38 The Punjab State Cooperative Bank Ltd. HUDCO
39 Janta Sahakari Bank Ltd. HUDCO

NHB: National Housing Bank
HUDCO: Housing and Urban Development Corporation Ltd.

The complete list can be downloaded in PDF format from the official website of Ministry of Housing and Urban Poverty Alleviation using the link below

Below is the list of some of the leading banks and finance institutions with links to read about PM Awas Yojana home loans.
Canara Bank:
Bank of India:
Corporation Bank:
Punjab National Bank:
Bank of Baroda:
J&K Bank:
IDBI Bank:
Yes bank:
Tata Capital:
IIFL Home Loans:

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