SBI PMAY Home Loan 2026 – Apply Online for PMAY-Urban 2.0 Interest Subsidy Scheme

SBI PMAY Home Loan 2026 apply online at homeloans.sbi.bank.in/products/view/pmay: State Bank of India is accepting home loan applications under Pradhan Mantri Awas Yojana Urban 2.0 (PMAY-U 2.0) for EWS, LIG and MIG families who do not own a pucca house anywhere in the country. Ministry of Housing and Urban Affairs (MoHUA) launched PMAY-U 2.0 on 1 September 2024, and SBI is one of the three Central Nodal Agencies, along with National Housing Bank and HUDCO, chosen to pass on the interest subsidy to eligible borrowers.

Eligible families can get an interest subsidy of up to ₹1.80 lakh on their home loan under the Interest Subsidy Scheme (ISS) part of PMAY-U 2.0. The old Credit Linked Subsidy Scheme (CLSS), which this article covered earlier, closed for EWS and LIG applicants on 31 March 2022 and for MIG applicants on 31 March 2021. It has been replaced by PMAY-U 2.0, and applications for the older CLSS component are no longer accepted.

SBI PMAY-U 2.0 Home Loan Online Application Process

Application for the interest subsidy has two parts now. First, eligible families register their demand on the official PMAY-U 2.0 portal. Then the loan itself gets processed through a lending bank such as SBI. Here is how to go about it.

STEP 1 – Visit the official PMAY-U 2.0 portal at pmaymis.gov.in and click on “Apply for PMAY-U 2.0” on the homepage. This takes applicants to the eligibility check page.

STEP 2 – Enter Aadhaar number, mobile number and basic household income details to check eligibility under EWS, LIG or MIG category. Once eligibility is confirmed, fill in the demand survey form with personal, income and property details.

STEP 3 – After registering the demand on the portal, applicants can approach SBI directly, either at homeloans.sbi.bank.in/products/view/pmay or at the nearest SBI branch, to apply for the home loan component. Select “Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0)” from the list of home loan products.

STEP 4 – Fill the loan application form with details of the property to be purchased or constructed, income proof, and bank statements. Applicants who already hold an SBI account can link their existing relationship for faster processing.

STEP 5 – Submit required documents listed later in this article. SBI checks eligibility, sanctions the loan and disburses it as per the regular home loan process.

STEP 6 – Once the loan account is active and more than half the principal is outstanding, the interest subsidy gets credited directly to the loan account through Direct Benefit Transfer, in five yearly instalments of about ₹36,000 each.

PMAY-U 2.0 SBI Home Loan Highlights

Detail	Information
Scheme Name	PMAY-Urban 2.0 Interest Subsidy Scheme (ISS)
Launched By	Ministry of Housing and Urban Affairs, on 1 September 2024
Central Nodal Agencies	SBI, National Housing Bank, HUDCO
Beneficiaries	EWS, LIG and MIG families without a pucca house
Maximum Subsidy	Up to ₹1.80 lakh
Maximum Loan for Subsidy	₹25 lakh (property value up to ₹35 lakh)
Application Mode	Online, PMAY-U 2.0 portal plus SBI
Official Website	pmaymis.gov.in and homeloans.sbi.bank.in

Eligibility for PMAY-U 2.0 Interest Subsidy

PMAY-U 2.0 covers a wider income band than the earlier CLSS scheme, but a few basic conditions still apply to every applicant.

• Applicant must be a resident Indian, and the family should not own a pucca house anywhere in the country.
• A woman member must be the sole or co-owner of the property being purchased or constructed.
• Gross annual household income should be up to ₹9 lakh, which covers EWS (up to ₹3 lakh), LIG (₹3 to ₹6 lakh) and MIG (₹6 to ₹9 lakh) categories.
• Carpet area of the house should not be more than 120 square metres.
• Beneficiary should not have received a house under any central, state or local government housing scheme in the last 20 years.

Subsidy Amount and Loan Terms

Interest subsidy under PMAY-U 2.0 works out to 4 percent on the first ₹8 lakh of the loan amount, for a tenure of up to 12 years. This brings down the effective interest cost on the initial portion of the loan.

Criteria	PMAY-U 2.0 ISS Component
Household Annual Income	Up to ₹9 lakh
Property Carpet Area	Up to 120 sqm
Interest Subsidy Rate	4% on first ₹8 lakh of loan
Maximum Loan Eligible for Subsidy	₹25 lakh
Maximum Property Value	₹35 lakh
Maximum Subsidy Amount	₹1.80 lakh, in 5 yearly instalments of about ₹36,000
Loan Tenure for Subsidy Calculation	Up to 12 years
Applicability	Loans sanctioned and disbursed on or after 1 September 2024

Documents Required for SBI PMAY Home Loan

Keep these documents ready before starting the SBI home loan application, since the bank checks both loan eligibility and PMAY-U 2.0 subsidy eligibility together.

• Identity and address proof such as Aadhaar card, PAN card, passport or voter ID.
• Income proof, including salary slips and Form 16 for salaried applicants, or income tax returns and balance sheets for self-employed applicants.
• Property papers such as the sale deed, agreement to sell, approved building plan and occupancy certificate.
• Last six months’ bank account statements for all accounts held by the applicant.
• Passport size photographs and a duly filled loan application form.

SBI PMAY CLSS Scheme (Closed Since 2022)

Scheme has been closed. This was a Credit Linked Subsidy Scheme under the earlier PMAY-U programme, and it has now been replaced by PMAY-U 2.0 described above. The tables and screenshots below are kept for reference only and no longer apply to new applications.

CLSS for EWS & LIG (Closed 31 March 2022)

Criteria	Existing Instructions (CLSS – EWS + LIG)	Revised Instructions (CLSS – EWS + LIG)
Household/ Annual Income (Rs)	Upto Rs. 6 lakhs	Upto Rs. 6 lakhs
Property Area (Carpet Area)	30 sqm for EWS and 60 sqm for LIG	30 sqm for EWS and 60 sqm for LIG
Location	17778 towns	17778 towns
Max Loan Amt for Subsidy	Upto 6 lakhs	Upto 6 lakhs
Subsidy Amount	Rs. 2.20 lakhs	Rs. 2.67 lakhs
Max term of loan	15 yrs	20 yrs
Validity	Closed 31 March 2022	Closed 31 March 2022

CLSS for MIG-I and MIG-II (Closed 31 March 2021)

Criteria	CLSS (MIG 1)	CLSS (MIG 2)
Household/ Annual Income (Rs)	Rs. 6.01-12.00 lakhs	Rs. 12.01-18.00 lakhs
Property Area (Carpet Area)	120 sqm	150 sqm
Max Loan Amt for Subsidy	Upto 9 lakhs	Upto 12 lakhs
Subsidy Amount	Rs. 2.35 lakhs	Rs. 2.30 lakhs
Max term of loan	20 yrs	20 yrs
Validity	Closed 31 March 2021	Closed 31 March 2021

PMAY List of Cities and Lending Banks

Details of related PMAY services and older reference lists are linked below for those who need them.

PMAY list of cities covers towns where PMAY benefits apply. List of PMAY Home Loan Banks & Housing Finance Companies shows other lenders besides SBI. For the general PMAY-U 2.0 application form, see PMAY Online Form 2026, and to check the status of an existing application, see Track PM Awas Yojana Application Status 2026. Background on the wider Pradhan Mantri Awas Yojana Urban programme is also available.

FAQ’s

Is the old SBI PMAY CLSS scheme still active in 2026?

No. The CLSS component closed for EWS and LIG on 31 March 2022 and for MIG on 31 March 2021. It has been replaced by PMAY-U 2.0.

What is the maximum interest subsidy available through SBI under PMAY-U 2.0?

Eligible borrowers can get up to ₹1.80 lakh as interest subsidy, released in five yearly instalments of about ₹36,000 each, provided the loan stays active and more than half the principal remains outstanding.

How does someone apply for PMAY-U 2.0 home loan through SBI?

First register on pmaymis.gov.in to check eligibility and submit the demand survey. Then apply for the home loan directly with SBI, either online at homeloans.sbi.bank.in/products/view/pmay or at a branch.

What is the income limit for MIG category under PMAY-U 2.0?

MIG households with annual income between ₹6 lakh and ₹9 lakh can apply. EWS covers income up to ₹3 lakh and LIG covers ₹3 lakh to ₹6 lakh.