Apply for PMAY 2.0 with the best (Interest Subsidy on your first home)
kabeer murugkar • March 26, 2025
Getting a home loan under Pradhan Mantri Awas Yojana (PMAY) 2.0 is now simpler than ever! With HomeFirst, we handle the entire process—from application to loan approval—so you can focus on owning your home without any hassle.
In PMAY 1.0, we successfully helped 30,000+ families get their subsidy benefits alongside a home loan. This time, we are making it even better!
Why Apply through HomeFirst?
Hassle-free application – We manage the entire process for you
Faster processing – Sanctions in 48 hours
Expert support – Get guidance on every step
Contact us and get started on your subsidy and home loan journey with just a quick chat.
Who can Apply? Check Your Eligibility
Income Categories:
- Economically Weaker Section (EWS): Annual income up to ₹3 lakh.
- Low-Income Group (LIG): Annual income between ₹3-6 lakh.
- Middle-Income Group (MIG): Annual income up to ₹9 lakh.
First-time Home Buyer conditions:
- The primary applicant or their family must not have availed any housing subsidies before. (family includes husband, wife and unmarried children)
- Only one subsidy per family.
Property Criteria:
- The house must be in a statutory town or notified planning area.
- It should be the beneficiary’s first pucca house.
General Parameters
| Criteria | Details |
| Maximum Housing Loan Amount | 25 Lakh Rupees |
| Maximum House Value Amount | 35 Lakh Rupees |
| Maximum Carpet Area | 120 sq. m |
| Maximum benefit of interest subsidy (actual release) | 1.80 Lakh Rupees over 5 years |
| Tenure | Has to be more than 5 years |
| Female Ownership | At least one female member must be a co-owner (Exemptions: widower, unmarried, separated persons, transgender applicants) |
Step-by-step Application Process
Step 1: Check your eligibility
Make sure you meet the income, first-home, and loan conditions mentioned above.
Step 2: Gather your documents
- Applicant’s Aadhaar Card (mandatory)
- Aadhaar details of family members
- Active bank account details of the applicant linked with Aadhaar
- Income proof (if any)
- Property documents (sale agreement, NOC, etc.)
Step 3: Application
- Contact/visit the nearest HomeFirst branch.
- We will submit your application through the official PMAY 2.0 portal.
- Carry the above-mentioned documents.
Step 4: Track Your Application
You can track your application status on the PMAY 2.0 website using your reference number. Updates will also be sent via SMS or email.
What Happens Next?
Once your application is submitted:
Verification & Validation – Our HO team will confirm your loan & property details.
Geo-Tagging & Authentication—We will use the PMAY mobile app to conduct face authentication (via Aadhaar) and geo-tag your property.
Final Approval – The application is forwarded for subsidy approval.
Subsidy Credit – Upon approval, the subsidy amount will be directly credited to your HomeFirst loan account, reducing your EMI or loan tenure.
Applying for PMAY 2.0 is straightforward and can help you become closer to owning an affordable and sustainable home. For guidance and support, contact HomeFirst Finance.
