info@baidhfc.com


+91 7230995533, 0141-2225600



RESOURCES





PMAY & CLSS





PRADHAN MANTRI AWAS YOJANA (PMAY) – CREDIT LINKED SUBSIDY SCHEME (CLSS)



KEY FEATURES

The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) – ‘Housing for All’ was launched by our honourable Prime Minister Shri Narendra Modi. The scheme envisages ‘Housing for All’ by the year 2022. It will benefits people belonging to the Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group-I (MIG-I), and Middle Income Group-II (MIG-II) of society. These categories of beneficiaries will be eligible for interest subsidy on the purchase or construction of house.


ELIGIBILITY

  • Applicant should belong to any one of the following categories. 1) Economically Weaker Section (EWS), 2) Low Income Group (LIG), 3) Middle Income Group-I (MIG-I) and 4) Middle Income Group-II (MIG-II)
  • Income range of the applicant must be below Rs. 3 lakhs per annum for economically weaker sections, between Rs. 3 – 6 lakhs per annum for lower income groups, between Rs. 6-12 lakhs per annum for MIG1, and between Rs. 12 -18 lakhs per annum for MIG2
  • The beneficiary family should not already own a ‘pucca’ house anywhere in India under their own name.
  • The beneficiary family should not have already availed any other central assistance under any housing scheme from the Government of India or benefit under any scheme in Pradhan Mantri Awas Yojana (PMAY).
  • The beneficiary family shall comprise of husband, wife and unmarried children. However, under the MIG category, an adult earning member irrespective of his/her marital status can also be treated as a separate household.
  • For married couples, either spouse or both of them together in joint ownership can be eligible for a single subsidy. An adult earning member (irrespective of marital status) can be treated as a separate household. Hence a bachelor availing a loan can also avail subsidy if he/she is buying property in his/her name.
  • Age of the applicant must be 70 years or less
  • Aadhar Number is mandatory.


COVERAGE

All Statutory Towns as notified by the government will be eligible for coverage under the Scheme. Pls check with our relationship manager for details.


HOW TO APPLY

Our RM will evaluate your application and check the fulfillment of the eligibility criteria for the scheme. If the required criteria are satisfied, we will submit your claim to Central Nodal Agency (CNA). The CNA processes the claim and releases the subsidy amount through us. We will then adjust the subsidy by crediting to your Loan account resulting in reduced loan outstanding and the effective EMI.​



PMAY GRID



Annual Household Income (Rs.)



Upto 3 lakh

3 lakh to 6 lakh

6 lak to 12 lakh

12 lakh to 18 lakh



Categories



EWS

LIG

MIG-1

MIG-2



Interest Subsidy
(%)



6.50%

6.50%

4.00%

3.00%



Subsidy Calculated on Max. Loan of (Rs.)



6,00,000

6,00,000

9,00,000

12,00,000



Max. Interest
Subsidy of



2.67 lakh

2.67 lakh

2.35 lakh

2.30 lakh



Max. Carpet Area of
the Property



30 sq.m

60 sq.m

120 sq.m

150 sq.m



OUR LENDING RATES





Annual Rate of Interest would differ for customer to customer based on various factors.
It is at sole discretion of Baid HFC.



For Home Loan Products : 12.50 - 21%

For Non Home Loan Products : 15 - 24%



SCHEDULE OF CHARGES





CHARGE TYPE



UPFRONT CHARGES (BEFORE DSIBURSEMENT)


IMD/ Login Fees


Processing Fee




CERSAI : At time of Disbursement



Legal/ Technical fees


Non Postal Stamp/Stamp Duty


CUSTOMER SERVICES CHARGES


CERSAI : At time of Modification of charge (in case of top up)


Prepayment Charges

















Cheque/ECS Bounce Charges (Per instrument/Transaction)


Late Payment Interest



Disbursement Cancelation/Cheque re print charges






Copy of Property Papers


Charges for Missed due date


Document Retrieval Charges


Duplicate No Dues Certificate, Annual Account Statement, Provisional Certificate


Loan Foreclosure/SOA/Repayment Schedule


Each Personal Visit to Customer's place for collection dues


Cheque/ECS Swapping Charges (per set) :


PDC to PDC


PDC to ACH or ECS


ACH to ACH or ECS


ACH to PDC


Document Custodian Fees



Recovery Charges without court intervention


Legal Notice Charges for Recovery



CHARGE DISCRIPTION





Rs. 4000/-+GST (Non Refundable)


2%-4% + GST (As per sanction conditions) to be collected before disbursement or deducted from first disbursement.


Rs. 50/- +GST (loan amount < 5 lacs) ; Rs. 100/- + GST (loan amount > 5 lacs) or as per charges leived by CERSAI.


Actual + GST


As applicable by law of state.




Rs. 50/- +GST (loan amount < 5 lacs) ; Rs. 100/- + GST (loan amount > 5 lacs) or as per charges leived by CERSAI.


Part-Prepayment/Foreclosure of HL on Variable/Floating ROI : NIL

Part-Prepayment/Foreclosure of HL on Fixed ROI : NIL, if loan is closed by own funds and source of funds confirmed.

However if the payment is made by borrowing from Bank/NBFC/HFC or any other FI, the pre payment charges are as follows:

1. 5% + GST as applicable on principle O/S and all part payments done in case loan is closed within 12 months of first disbursement.

2. 3% + GST as applicable on principle O/S and all part payments done in case loan is closed after 12 months of first disbursement.

3. 5% + GST as applicable on principle O/S on LAP cases would be leived.


Rs. 500/- + GST as applicable per instrument is payble in case of dishonoured Cheque or ECS or ACH.


3% per month compound for number of days delayed in Pre EMI/EMI


1. If request received within 7 days of Cheque print Rs. 1000/- +GST is applicable

2. If request received post 7 days of cheque print Rs. 1000/- +GST and PEMI till cancelation request is applicable.


Rs. 500/- + GST


Rs. 200/- + GST


Rs. 500+GST and /or other statutory leives.


Rs. 500/-+ GST



Rs. 500/- + GST


Rs. 500/-+GST per visit.





Rs. 1000/-+ GST


NIL


Rs. 1000/-+ GST


Rs. 1000/-+ GST


Rs. 500/- + GST per month ( Chargable after 30 days of closure of the loan account)


Actual+GST


Actual+GST



MOST IMPORTANT TERMS & CONDITIONS





DOCUMENTS REQUIRED





Salaried Profile:



  1. Application form with passport size photograph
  2. KYC i.e. ID, Address, DOB & Sign proof
  3. PAN and Aadhar Number Mandatory
  4. Latest 3 months pay slips / Salary certificate
  5. Latest 6 months’ salary account
  6. Latest 3 years Job Continuity proof i.e. Form 16 or Appointment Letter or Offer letter or Relieving letter of previous organizations.
  7. Sanction Letter/Amortization/SOA of any running loan
  8. Copy of back chain of all property papers
  9. ATS (Agreement to sale) in purchase case if property is finalized


Self-employed Profile:



  1. Application form with passport size photograph
  2. KYC i.e. ID, Address, DOB & Sign proof
  3. PAN and Aadhar Number Mandatory
  4. Latest 3 year ITR (If any)
  5. Latest 12 months bank statement
  6. Business ownership proof (If any)
  7. Sanction Letter/Amortization/SOA of any running loan (if any)
  8. Copy of back chain of all property papers
  9. ATS (Agreement to sale) in purchase case if property is finalized


Note:



  1. Self attestation on all documents required.
  2. IMD & PF will be as per company policy.

CALCULATOR


Baid Housing Finance Pvt. Ltd. ( Formerly known as " Elegant Prime Developers Pvt. Ltd.") "Baid House" 1, Tara Nagar, Opp. Orbit Mall, Ajmer Road,
Jaipur- 302006 - (Rajasthan), CIN : U65100RJ2008PTC027935


Email: info@baidhfc.com, Call: +91 7230995533, 0141-2225600