ICICI Bank has launched a housing loan scheme as part of the credit-linked subsidy component of the Pradhan Mantri Awas Yojana. The bank is offering home loans up to Rs. 6 Lakh at a special interest rate for individuals in the EWS and LIG categories. Additionally, ICICI Bank will provide home loans up to Rs. 9 lakh for the MIG-I category and up to Rs. 12 lakh for the MIG-II category.
Eligible EWS/LIG borrowers will receive a subsidy at 6.5% per annum on a maximum loan amount of Rs. 6 Lakh for a period of up to 15 years. The subsidy for MIG-I category borrowers is 4% per annum, and for MIG-II category borrowers, it is 3% per annum. ICICI Bank has entered into a Memorandum of Understanding (MoU) with the National Housing Bank (NHB) to facilitate these loans under the Pradhan Mantri Awas Yojana.
Key Information: Application Procedure | Eligibility Requirements | Required Documents | List of Bank Branches
This article provides comprehensive details on the ICICI Bank Home Loan Scheme under the Pradhan Mantri Awas Yojana for individuals in the EWS, LIG, MIG-1, and MIG-2 categories.
ICICI Bank Home Loan Scheme 2026 under PMAY
The Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY) was initiated by our Hon'ble Prime Minister Shri Narendra Modi with the objective of providing housing for all by 2022. ICICI Bank enables you to access the benefits of the Credit Linked Subsidy Scheme under the Pradhan Mantri Awas Yojana.
This scheme provides an interest subsidy on the purchase, construction, extension, or improvement of a house for customers belonging to the Economically Weaker Sections (EWS), Low Income Groups (LIG),