Getting the PMAY 2.0 subsidy
was never this easy!
48-hour sanction!
Home loan with HomeFirst in just 48 hours.
PMAY 2.0 on your
home loan
Save up to ₹36000 every year for the first 5 years on your home loan
HomeFirst + PMAY 2.0
= Perfect Match!
From sanction to subsidy, single point of contact!
Simple and speedy subsidy!
Easy and hassle-free steps to get PMAY 2.0 subsidy!
Take the first step
Fill out your home loan application here. We will carry the process at your convenience.
Authentication and Eligibility
After a quick sanction, we will check your eligibility for PMAY 2.0 subsidy.
PMAY 2.0 Application
Our team will apply for PMAY online and geo-tag your property.
Enjoy your subsidy benefits!
Once approved, the subsidy amount will be credited to your loan account.*
PMAY Subsidy Calculator
Simple math to know your subsidy
Key Features of PMAY 2.0
Your First Home
PMAY 2.0 helps families (husband, wife, and children) purchase their first pucca (permanent) home
Subsidy Benefits
Eligible beneficiaries receive a ₹1.8 lakh subsidy, credited in five instalments directly to their loan account.*
Female Ownership Priority
To promote women’s empowerment, the house must be fully or partially owned by a female family member.
Home Eligibility
Maximum Property Value: ₹35 lakh
Maximum Carpet Area: 120 sq. meters
Location: Approved urban towns only
Loan Guidelines
Minimum loan tenure: 5 years
Maximum loan amount eligible for subsidy: ₹25 lakh
Applicable for loans sanctioned on or after September 1, 2024
Income Eligibility
Households with an annual income below ₹9 lakh qualify for the scheme.
Here's your document checklist
Keep the originals handy.
Personal documents
Aadhaar card
PAN card
Driver license
Voter ID
Passport
Professional documents
Bank statement
ITR
Salary Slip
Residential documents
Sale deed
Property tax
Personal documents
Aadhaar card
PAN card
Driver license
Voter ID
Passport
Professional documents
Bank statement
ITR
Residential documents
Sale deed
Property tax
Have more questions?
Find the answers here.
FAQs about all things loan.
No, upon balance transfer you will lose the PMAY 2.0 benefits.
No, it is only applicable for your family’s first pucca house ownership.
Key documents include: Aadhaar Card linked with your mobile no Income proof (if any) Active Bank account linked to your Aadhar PAN Card Aadhaar Card for all family members, including parents For more information, please reach out to us.
Yes, you can get the benefits of PMAY 2 for a resale house only if the original pr subsequent owner/s of the property have not claimed any subsidy for the same property. As per the PMAY 2.0 scheme subsidy can be claimed on any property only once.
No, neither you nor your family should have availed benefits through any housing scheme in the past.
Reading room
Things about homes you wish you had known.
13 Jun, 2025 11:37 AM
Self-Undertaking and Document Checklist – PMAY 2.0
Basic necessary documents to be uploaded for PMAY 2.0 subsidy application – Self-Undertaking under Interest Subsidy scheme (ISS): The Annexure-2C is the declaration that has to be filled by the beneficiary as a fulfilment of eligibility criteria of income and not owning a pucca house anywhere in India on his/her name or any other […]
13 Jun, 2025 11:36 AM
Female Ownership & Exception for inclusion under PMAY 2.0! EXPLAINED
The rule says – The houses constructed/acquired/purchased should be owned or co-owned by a female head of the household. What if, there is no female ownership? Three Scenarios under PMAY 2.0 – There is no adult female member in the family! The scheme guidelines allow male-only ownership in this case. For an applicant […]
13 Jun, 2025 11:35 AM
Your Income Group = Eligibility chances, Let’s quickly understand –
EWS (Economically weaker section) – Upto ₹3,00,000 Higher chance of qualification As the Loan amount and property value would usually fit within PMAY 2.0 eligibility criteria. Lower risk of early loan closure – more likely to avail the full 5 instalments of the scheme (₹36,000/year) LIG (Low Income group) – ₹3,00,000 – ₹6,00,000 High […]
