7.30 (0.67%) Bajaj Housing Finance (BHFL), a 100% subsidiary of Bajaj Finance, is offering first-time homeowners a Home Loan clubbed with the benefits of Pradhan Mantri Awas Yojana (PMAY-Urban). As per PMAY’s Credit-Linked Subsidy Scheme (CLSS), eligible beneficiaries can claim an interest subsidy of up to Rs 2.67 lakh from an empanelled primary lending institutions (PLI) and thereby reduce their Home Loan EMIs. Those seeking affordable housing can apply with Bajaj Housing Finance to get a subsidised loan, with easy repayment options as well as a nominal home loan interest rate and value-added features.
The quantum of interest subsidy is conditional and depends directly on the beneficiary family’s household income.
Bajaj Finance, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country.