1. Who can apply under this scheme?
Any Indian resident above age of 18.
For EWS, whose annual family income is not more than 3 lakhs rupees. Who are not holding any house or plot in their names.
For LIG, whose annual family income is more than 3 lakhs but less than 6 lakhs
Besides this, one of the applicants must be female.
2. How will I get bank loan?
On the basis of self and family monthly income, business and other source of income, bank will provide loan.
For this, the applicant must attach required documents like income tax return, salary slip, income proof certificate, aadhar card, details of bank account and other documents that are decided by the government and accepted by banks.
3. How much loan will I get?
On the basis of job, business, gross income and above mentioned documents,
bank will decide the loan amount that can be maximum 90% of the total cost of flat.
4. When and how much subsidy can I get?
After successful allotment and completion of bank loan process, NHB/HUDCO will deposit the subsidy amount in allottee's account and in this way EMI amount will reduce.Upto the amount of 6 lakh,
the subsidy will be at the rate of 6.5% for a period of 15 years and the EMI amount will be as per the loan amount.
5. When will my EMI start?
Bank loan EMI starts once registry is done but applicant will have to pay the interest amount
of the loan (Pre EMI) till the project completion.
6. Do I have to pay any amount other than the mentioned amount in registration form?
Successful applicant will have to pay an additional amount at the rate of 50 rupees per sq. ft.
as building maintenance deposit. With this amount and interest earned on it will be used for building maintenance.
7. Do I have to pay separately for parking?
No, under this scheme, there is provision of parking with every flat so you don't need to pay anything for parking.
8. What will be the registry and stamp duty charges for my flat?
Registry and stamp duty will be payable at the time of possession of your flat and amount for which would be as per the decided and prevalent government rates.