Salient Features of pradhan mantri awas yojana and benefits

With the advent of new technologies, there have been many everyday situations that have been made easier from the user's point of view: going to the supermarket, buying clothes, booking a trip ... Everything can be done online. Simulating housing loans is no exception. Although they are more complex products - they involve various fees, commissions, associated insurance and the like - it is now possible to find them simplified to the maximum for any user to realize.

But what advantages will there be in simulating online housing finance against the option of doing it face-to-face? There are some properties that are owned by this financial institution and offer very attractive financing conditions, namely the exemption of payment of commissions for opening, evaluation, analysis, and conversion of temporary records into definitive, as well as the possibility of obtaining highly competitive spreads. 

Whenever the opportunity arises, try to negotiate your housing Finance. Talk to your bank and try to get a better housing credit score based on the competition offer. Try to get some simulations from other banks and play with that information. If you get advantageous proposals and your bank does not accept revise the conditions of your credit housing, do not hesitate to transfer your housing credit.

If you are thinking about buying a home and need financing, it might be a good idea to take a look at the real estate of the banks and also take a look at this loan scheme Pradhan Mantri Awas Yojana. There are apartments, townhouses, shops, and land at competitive prices but, more than the prices, the financing conditions are much more advantageous than if you choose to choose a house and then go and apply for a mortgage loan. Several financial institutions promote campaigns where they offer special conditions to those who acquire property from the bank.

The reason is simple the business of banks is not housing, the deal is to lend money and banks have every interest in "getting rid" of the houses and turning them into credit. Who can also gain from this are those interested in the property? So, if you are thinking about buying a home the best is to consult the various offers of financial institutions and if you are looking for the best loan with more benefits try this loan scheme Pradhan Mantri Awas Yojana by Government of India. It is possible to find new and used houses, shops, land, etc. You can do the research by type, location, and price, and also lose nothing in making an offer to the bank.

How to Apply for PMAY online-

Source-Santoshkumar msmd(Youtube)
Can my bank lower the spread applied to my mortgage loan? It should, whenever possible, negotiate the spread. This negotiation is more advantageous for those who have credit housing already with a few years since the argumentation can be more aggressive.

Salient Features of  PMAY  & its benefits

1. The government would provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 15 years from the start of the loan.
2. All houses built or expanded under the Mission should essentially have a toilet facility.
3. The houses under the mission should be designed and constructed to meet the requirements of structural safety against earthquake, flood, cyclone, landslides etc.
4. The houses under PMAY would be allotted to preferably the female member of the family.
5. The mission will support the construction of houses up to 30 square meter carpet area with basic civic infrastructure.