Prior to so it connection, you will find introduced the financing-linked subsidy plan out of Pradhan Mantri Awas Yojana hence decreases the EMI of borrowers throughout the economically weaker area and you can reasonable income communities

Mumbai: ICICI Bank revealed the new discharge of a card-linked subsidy program to own mortgage brokers in Pradhan Mantri Awas payday loan Crowley Yojana’. Lower than it plan, anyone including women borrowers throughout the financially weakened point and you can lower money category can to get and create the initial brick-and-mortar (pucca) family of your family if you are paying notably down Equated Month-to-month Instalments (EMIs).

ICICI Bank features signed an enthusiastic MoU which have National Casing Bank (NHB), a main Nodal Department into plan, so you can helps the credit-linked subsidy into eligible borrowers. With respect to the strategy, an eligible customer will get the new subsidy at the 6.5% yearly toward a maximum number of Rs. six lakh or the amount borrowed, whatever is leaner, to possess an optimum tenure out-of 15 years. [Read more…]