ICICI Lender launches borrowing from the bank-connected subsidy system under ‘Pradhan Mantri Awas Yojana’
Prior to that it connection, you will find revealed the credit-linked subsidy scheme from Pradhan Mantri Awas Yojana and therefore reduces the EMI of one’s individuals on economically weaker area and you can low earnings communities
Mumbai: ICICI Bank revealed the brand new discharge of a card-linked subsidy plan to own mortgage brokers beneath the Pradhan Mantri Awas Yojana’. Around so it scheme, someone together with female borrowers from the financially weaker section and lower earnings classification will be able to acquire and build the original brick-and-mortar (pucca) domestic of relatives if you are paying rather down Equated Month-to-month Instalments (EMIs).
ICICI Bank have closed a keen MoU with National Construction Bank (NHB), a central Nodal Agencies toward program, to help you helps the credit-connected subsidy into eligible individuals. With respect to the strategy, a qualified buyers gets the newest subsidy from the 6.5% per year with the a maximum level of Rs. six lakh or perhaps the amount borrowed, whichever is leaner, getting a maximum period of fifteen years. Read more
