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+{{htmlmetatags>metatag-keywords=(how to apply home loan India,PMAY-CLSS interest subsidy 2026,PMAY-U 2.0 notification,SBI home loan 2026,HDFC home loan,LIC Housing Finance,RBI Master Circular Loans against Property,IT Act section 80C principal,section 24 interest deduction,section 80EEA EWS-LIG,CIBIL home loan rejection,RERA registered builder,sale agreement builder NOC,home loan sanction letter,Vidya Lakshmi PMAY)&metatag-description=(Step-by-step 2026 guide to applying for a home loan in India and claiming PMAY-CLSS interest subsidy. PSU vs private bank vs HFC. Real CIBIL thresholds, document checklist, sanction timeline. With escalation: bank grievance officer → RBI Banking Ombudsman → CPGRAMS → RTI to PIO PSU bank. Plain language.)}}
+====== How to apply for a home loan in India and claim PMAY-CLSS subsidy — complete 2026 guide ======
+{{ :social:auto:apply-home-loan-pmay-clss-2026.png?direct&1200 |How to apply home loan + PMAY-CLSS 2026 — RTI Wiki citizen guide}}
+{{page>snippets:dpdp-banner}}
+<WRAP info>
+**Quick answer.** To buy a home in India in 2026, walk in to (or apply online at) a PSU bank (SBI, PNB, BoB, Canara), private bank (HDFC, ICICI, Axis, Kotak) or housing finance company (LIC HF, Bajaj HF, PNB HF). Sanction takes **7-15 days for PSU**, **5-10 days for private**. You need: 3 months' salary slips, 2 years' ITR, 6 months' bank statements, PAN, Aadhaar, and clear property papers from a **RERA-registered** builder. If your annual household income is **up to ₹9 lakh (EWS/LIG)**, you also qualify for **PMAY-U 2.0** interest subsidy of up to **₹1.80 lakh** spread over 5 years (relaunched 1 September 2024 under Notification dated 1 Sept 2024, valid till 31 March 2029). Tax benefits: **₹1.5 lakh under §80C** (principal), **₹2 lakh under §24(b)** (interest, self-occupied), **₹1.5 lakh extra under §80EEA** (first-time EWS/LIG buyers).
+</WRAP>
+===== Rohit's story — "₹65 lakh sanction in 11 days, ₹1.05 lakh tax saved every year" =====
+<WRAP center round box 80%>
+//Rohit Deshmukh, 32, IT engineer at an MNC in Hinjewadi, Pune. Salary ₹1.4 lakh/month. Wanted to buy a 2BHK flat (₹82 lakh, carpet area 720 sqft) in a RERA-registered tower in Hinjewadi Phase 2.//
+> "I had ₹17 lakh saved (own contribution 21%) and needed ₹65 lakh as a home loan. CIBIL was 752. I went with SBI's MaxGain home loan because the overdraft feature would let me park surplus and bring effective interest down. Documents took me a weekend to collect — salary slips, Form 16 for two years, ITR-V acknowledgements, six months of HDFC salary account statement, PAN, Aadhaar, and from the builder I got the **sale agreement, allotment letter, RERA registration certificate (P52100012345), commencement certificate, approved plan stamped by PMC, and the builder's NOC**. My SBI relationship manager opened the file on 8 April 2025; the technical valuer visited the site on 11 April; legal vetting cleared on 16 April; sanction letter dated 19 April 2025 — **11 days end-to-end**. Loan rate: 8.50% (RLLR + 2.00% spread), tenure 240 months, EMI ₹56,418. PMAY-CLSS didn't apply to me — my annual income (~₹16.8 lakh) is way above the ₹6 lakh EWS / ₹12 lakh MIG-I threshold under PMAY-U 2.0. But the tax benefits made up for it: **₹1.5 lakh principal under §80C + ₹2 lakh interest under §24(b)** = ₹3.5 lakh deduction. At my 30% slab + 4% cess that's **₹1,09,200 saved per year**. Disbursement was construction-linked — 30% on registration, 30% on 5th slab, 40% on possession. The first tranche of ₹19.5 lakh hit the builder's account on 28 April. Total fees I paid SBI: processing fee 0.35% (₹22,750) + CERSAI ₹100 + stamp duty + ROC charges. **Total bank-side cost ₹23,000 odd, against a ₹65 lakh facility for 20 years.**"
+—Rohit, May 2025
+</WRAP>
+In FY 2024-25, Indian banks and HFCs disbursed about **₹13.7 lakh crore** in housing loans (RBI Sectoral Deployment data, March 2026). PMAY-U 2.0 is targeting **1 crore additional houses** between Sept 2024 and March 2029 with a central outlay of ₹2.30 lakh crore. The two parts — bank loan and PMAY subsidy — are distinct processes; you can do them in parallel.
+===== What this is — and who can apply =====
+A **home loan** is a secured term loan from a bank or housing finance company (HFC) used to **purchase, construct, extend, or improve** a residential property in India. The lender takes a registered mortgage (or equitable mortgage by deposit of title deeds) over the property. You repay over a tenure of typically **15-30 years** through a fixed monthly EMI.
+**PMAY-CLSS** (Credit Linked Subsidy Scheme) is the interest-subsidy arm of the **Pradhan Mantri Awas Yojana - Urban 2.0** scheme. The Government of India pays a part of your loan interest upfront to your bank, which adjusts it against your principal — reducing your effective EMI. The previous CLSS (under PMAY-U 1.0) closed for new applications on 31 March 2022; **PMAY-U 2.0 was notified on 1 September 2024** and reopened the subsidy with revised structure.
+**Eligibility — bank loan side:**
+  * Indian citizen, age 21-65 (some banks allow up to 70 with co-borrower).
+  * Stable income for at least 2 years (salaried or self-employed).
+  * CIBIL score **≥ 700** (most banks); some allow 650 with higher rate.
+  * Property must be free of legal encumbrance and the builder (if under construction) **must be RERA-registered** under Real Estate (Regulation and Development) Act 2016.
+**Eligibility — PMAY-U 2.0 (Beneficiary-Led Construction or affordable housing subsidy categories):**
+  * Family (you + spouse + unmarried children) does **not own** a pucca house anywhere in India.
+  * Household annual income up to **₹9 lakh** (the new "neo-middle income" / MIG-I band under PMAY-U 2.0); within this, EWS = ≤ ₹3 lakh and LIG = ₹3-6 lakh get higher subsidy.
+  * **No prior central government housing assistance** to the family.
+  * Loan amount up to **₹25 lakh** for a house up to **₹35 lakh**, carpet area up to **120 sq m**.
+The legal anchor is **Section 21 of the Banking Regulation Act 1949** (banks' lending power), the **RBI Master Circular - Loans and Advances - Statutory and Other Restrictions (DBR.No.Dir.BC.10/13.03.00/2015-16, last consolidated 2024)**, and the **PMAY-U 2.0 Notification No. K-14012/02/2024-Mission-II of MoHUA dated 1 September 2024**. Tax benefits sit in the **Income Tax Act 1961** at **§80C, §24(b), and §80EEA**.
+===== Step-by-step process =====
+==== Step 1 — Calculate your eligibility before applying ====
+Walking into a bank without knowing your number wastes everyone's time and triggers an unnecessary CIBIL hard pull.
+  * **EMI rule:** banks lend such that your total EMIs (existing + this new home loan) stay within **50-65% of your net monthly income** (the FOIR — Fixed Obligation to Income Ratio). PSU banks usually cap at 60%; private banks go up to 65% for high earners.
+  * **Loan amount:** roughly = (Monthly income × 60%) × (loan tenure in months) ÷ EMI factor. Use SBI's online EMI calculator at https://homeloans.sbi or HDFC's at https://www.hdfcbank.com — both are free, no login.
+  * **LTV cap (RBI):** maximum 90% of property value for loans up to ₹30 lakh; 80% for ₹30-75 lakh; 75% above ₹75 lakh. So you must arrange the balance (the "own contribution" or "margin").
+  * **CIBIL check:** pull your own free annual report from https://www.cibil.com. Anything under 700 → fix it before applying (see [[:dispute-cibil-credit-score-2026|How to dispute CIBIL]]).
+==== Step 2 — Collect your document set ====
+Get all of these into a single labelled folder. Missing one is the single most common cause of sanction delays.
+  * Last **3 months' salary slips** (computerised, with employer PF/UAN).
+  * **Form 16** for last 2 years (Part A + Part B).
+  * **ITR-V acknowledgements** for last 2 assessment years.
+  * **6 months' bank statements** of salary account (with salary credits visible).
+  * **PAN card** + **Aadhaar** (linked — see your jurisdictional ITR filing for PAN-Aadhaar status).
+  * **Address proof** (Aadhaar / passport / utility bill, dated within 3 months).
+  * **Employer ID card** + **HR letter** confirming employment + designation.
+  * **Property documents:** sale agreement (if resale) or **builder-buyer agreement / allotment letter** (if under construction); **RERA registration certificate** of the project; **approved plan** sanctioned by the local urban body (PMC, MCD, BBMP etc.); **commencement certificate**; **occupation/completion certificate** (if ready property); **chain of title** for at least 13 years for resale property; **encumbrance certificate** (state sub-registrar, last 13 years); **NOC from builder** (if under construction); **share certificate** (for cooperative society flats).
+  * For **self-employed:** ITR + computation of income for 3 years; audited B/S and P&L; GST returns; business proof (Shop Act, Udyam, Trade Licence).
+==== Step 3 — Choose your lender ====
+<code>
++----------------+-------------+----------+-------------+--------------------+
+| Lender type    | Interest    | Process  | Sanction    | When to pick       |
+|                | (Apr 2026)  | fee      | timeline    |                    |
++----------------+-------------+----------+-------------+--------------------+
+| PSU bank (SBI, | 8.50-9.25%  | 0.35-    | 10-15 days  | Lowest rate, slow  |
+| PNB, BoB,      | (RLLR+spread)| 0.50%   |             | but solid; best for|
+| Canara, UCO)   |             | (capped) |             | salaried govt+PSU  |
++----------------+-------------+----------+-------------+--------------------+
+| Private bank   | 8.65-9.50%  | 0.50-    | 5-10 days   | Faster service,    |
+| (HDFC, ICICI,  |             | 1.00%    |             | better digital UX, |
+| Axis, Kotak)   |             |          |             | higher fee         |
++----------------+-------------+----------+-------------+--------------------+
+| Housing        | 8.70-10.00% | 0.50-    | 7-15 days   | Self-employed,     |
+| Finance Co.    |             | 1.50%    |             | low CIBIL, special |
+| (LIC HF, HDFC, |             |          |             | property type;     |
+| Bajaj HF,      |             |          |             | flexible but pricy |
+| PNB HF)        |             |          |             |                    |
++----------------+-------------+----------+-------------+--------------------+
+| 3-in-1 PMAY    | Same as     | Bank fee | 14-21 days  | First-time EWS/LIG |
+| route via      | bank        | + PMAY   | + 60-90 day | buyer who wants    |
+| Vidya Lakshmi  |             | Mission  | subsidy lag | subsidy auto-      |
+| / PMAY portal  |             | nil      |             | applied            |
++----------------+-------------+----------+-------------+--------------------+
+</code>
+==== Step 4 — Apply (online or branch) ====
+  * **Online:** SBI YONO app, HDFC NetBanking → Apply Loans, ICICI iMobile → Loans on the Go, LIC HFL website, Bajaj Markets. Upload soft copies of all documents. You'll get a Reference Number (LAN — Loan Application Number).
+  * **Branch:** walk in to your home branch with the documents folder. The relationship manager opens a file, takes a non-refundable application fee (₹500-₹2,500), and pulls your CIBIL.
+  * **Through PMAY-U 2.0 portal:** go to https://pmay-urban.gov.in, register as Beneficiary, fill Form A, submit through your chosen lending partner. The PMAY application links to the bank loan application.
+==== Step 5 — Pre-sanction processing ====
+The bank will:
+  * **Verify income** by writing to your employer (or by calling, depending on bank policy).
+  * **Pull CIBIL hard inquiry** (5-10 point temporary dip).
+  * **Send a technical valuer** to inspect the property and certify market value + structural soundness.
+  * **Send the property papers to a panel advocate** for legal opinion (search reports, chain of title, encumbrances).
+  * Issue a **sanction letter** if all clears — typically **7-15 days for PSU**, **5-10 days for private**, **7-12 days for HFC**.
+The sanction letter is valid for 6 months and specifies: sanctioned amount, rate, tenure, EMI, processing fee, prepayment terms, and the disbursement schedule (one-shot for ready property; **construction-linked** in tranches for under-construction).
+==== Step 6 — Apply for PMAY-CLSS interest subsidy ====
+This is a **separate** step even if you applied through the PMAY portal — the subsidy disbursement happens after your loan is sanctioned and the first tranche is disbursed.
+  * Submit **PMAY Application Form (Annexure 7A)** through the bank along with:
+    * Self-declaration that family does not own pucca house.
+    * Aadhaar of all adult family members.
+    * Income certificate (salary slip or ITR or Tehsildar's certificate for self-employed).
+    * SECC 2011 reference (for PMAY-G; not required for PMAY-U 2.0).
+  * Bank uploads the application to the **Central Nodal Agency (CNA) — National Housing Bank (NHB)** or **HUDCO**.
+  * NHB/HUDCO verifies de-duplication (using Aadhaar against PMAY central database).
+  * If approved, the subsidy amount is credited by NHB to the bank, who **reduces your principal outstanding**, recalculating EMI to a lower number for the remaining tenure.
+  * Typical lag: **60-90 days** from sanction to subsidy credit. PMAY-U 2.0 ISS (Interest Subsidy Scheme) under the new notification disburses up to **₹1.80 lakh** in 5 instalments over 5 years.
+==== Step 7 — Disbursement ====
+  * **Ready property:** entire sanctioned amount disbursed in one shot to the seller (against registered sale deed + handing over of original title docs to bank).
+  * **Under construction:** disbursed in tranches against builder's demand letter and a no-lien certificate from valuer (typical schedule: 20% on agreement, 20% on plinth, 20% on slab, 20% on brickwork, 20% on possession).
+  * Pre-EMI interest is charged only on the disbursed portion until full disbursement; full EMI starts after that.
+==== Step 8 — Claim your tax benefits each year ====
+When filing your ITR (see [[:file-itr-online-2026|How to file ITR online]]):
+  * **Principal repayment up to ₹1.5 lakh** under **§80C** (clubbed with PF, ELSS, life insurance — total cap ₹1.5L). Old regime only.
+  * **Interest paid up to ₹2 lakh** under **§24(b)** for self-occupied property. No cap if let-out (but with cap on net loss set-off ₹2L). Old regime only.
+  * **Additional ₹1.5 lakh interest** under **§80EEA** for first-time buyers, loan sanctioned between 1 April 2019 and 31 March 2022, stamp value ≤ ₹45 lakh (this section was not extended past FY 2021-22; verify your sanction date).
+  * **Stamp duty + registration** in the year of purchase under §80C (within ₹1.5L cap).
+  * **Joint loan with spouse:** both can claim §80C and §24(b) **independently** in proportion to ownership + EMI contribution.
+===== Sample fee + interest + tax-benefit table =====
+<code>
++----------------------------------+----------------------------------------+
+| Bank processing fee (PSU)        | 0.35-0.50% of loan amount, capped      |
+|                                  | (SBI cap ₹50,000; BoB cap ₹25,000)     |
++----------------------------------+----------------------------------------+
+| Bank processing fee (private)    | 0.50-1.00%, no cap typically           |
++----------------------------------+----------------------------------------+
+| CERSAI registration              | ₹100 + GST (one-time, mandatory)       |
++----------------------------------+----------------------------------------+
+| Stamp duty on mortgage           | 0.1-0.5% of loan, state-dependent      |
+|                                  | (Maharashtra 0.3% capped ₹20,000)      |
++----------------------------------+----------------------------------------+
+| Legal + valuation (HFC)          | ₹3,500-₹7,500                          |
++----------------------------------+----------------------------------------+
+| PMAY-U 2.0 ISS subsidy           | Up to ₹1.80 lakh in 5 yearly tranches  |
+| (EWS/LIG, income ≤ ₹9 lakh)      | for loans up to ₹25 lakh; reduces      |
+|                                  | principal at NHB end                   |
++----------------------------------+----------------------------------------+
+| Income Tax §80C principal        | ₹1.5 lakh deduction (old regime)       |
++----------------------------------+----------------------------------------+
+| Income Tax §24(b) interest       | ₹2 lakh deduction self-occupied        |
+|                                  | (old regime)                           |
++----------------------------------+----------------------------------------+
+| Income Tax §80EEA additional     | ₹1.5 lakh extra (first-time, sanction  |
+|                                  | window 1 Apr 2019 - 31 Mar 2022 only)  |
++----------------------------------+----------------------------------------+
+| Pre-payment / foreclosure (RBI)  | NIL on floating-rate home loans for    |
+|                                  | individuals (RBI circular 5 May 2014)  |
++----------------------------------+----------------------------------------+
+| RTI to PSU bank PIO              | ₹10 by IPO. BPL = free                 |
++----------------------------------+----------------------------------------+
+</code>
+===== Common reasons your home loan / PMAY application gets stuck =====
+  * **CIBIL below 700.** The single biggest filter. Even one missed credit card EMI in the last 18 months drops you out of the prime band. Check and fix before applying — see [[:dispute-cibil-credit-score-2026|How to dispute CIBIL]].
+  * **Income proof inadequate** for informal workers, gig workers, freelancers, small shop owners. Solution: file ITRs for 2-3 years; open a current account with regular credits; switch to an HFC like Bajaj or LIC HF that uses banking-statement-based income proof (Surrogate Income Programme).
+  * **Property title not clear.** Missing chain of title, encumbrance, or pending litigation. The legal opinion will reject — you have to fix at the seller's end before re-submitting.
+  * **Builder not RERA-registered** or RERA registration expired. The bank will not finance any project that isn't currently registered with the state RERA. Check at https://maharera.maharashtra.gov.in (or your state's RERA portal).
+  * **Multiple existing loans + cards.** FOIR exceeds 65% — bank will reduce loan amount or reject. Pre-close one loan before applying.
+  * **PMAY income certificate above threshold.** Your salary slip shows ₹78,000/month → annual ₹9.36 lakh → above the ₹9 lakh PMAY-U 2.0 cap. No way around this; you cannot claim PMAY.
+  * **PMAY-G / SECC 2011 list excludes you.** PMAY-Gramin uses the SECC 2011 deprivation index. If your name isn't there or your house was already counted as "pucca", you won't qualify. (For PMAY-Urban 2.0, SECC isn't used.)
+  * **Aadhaar de-duplication flag.** PMAY central database shows another family member already received PMAY assistance — the application gets bounced back without explanation. RTI to the PMAY-U Mission Director can recover the de-dup hit reason.
+  * **Salary account not with applying bank.** Some PSU banks insist on salary credit redirection to their account before sanction. Negotiate or give a written undertaking instead.
+  * **Loan-to-value (LTV) breach.** You under-stated own contribution. Property valuation came lower than agreement value (common in resale). Bank reduces loan; you have to put more own money.
+===== If stuck — the escalation ladder =====
+==== Rung 1 — Branch / Relationship Manager ====
+  * Walk into your home branch. Ask for the **Branch Manager** in writing (not just the RM). Insist on a written reason for delay or rejection.
+  * In private banks: phone-banking grievance line — HDFC 1800-258-6161, ICICI 1860-120-7777, Axis 1860-419-5555, Kotak 1860-266-2666.
+  * SBI fraud / dispute: **1800-11-2211**.
+==== Rung 2 — Bank's Internal Grievance Officer (NGRO/CGRO) ====
+  * Every bank must publish the name and contact of its **Nodal/Chief Grievance Redressal Officer** under RBI's Banking Ombudsman framework.
+  * SBI CGRO: https://sbi.co.in → Customer Care → Grievance Redressal.
+  * HDFC: principalnodalofficer@hdfcbank.com.
+  * Acknowledgement in **10 days**, resolution in **30 days** SLA.
+==== Rung 3 — RBI Banking Ombudsman (RB-IOS 2021) ====
+  * Online complaint at **https://cms.rbi.org.in** under the **Reserve Bank - Integrated Ombudsman Scheme 2021**.
+  * Free, no fee. Cover scheduled commercial banks, RRBs, NBFCs (deposit-taking + ND-SI), and certain HFCs.
+  * Pre-condition: complain to the bank first; no reply within 30 days OR unsatisfactory reply, then file with Ombudsman.
+  * Decision binding up to ₹20 lakh compensation per complaint.
+==== Rung 4 — CPGRAMS — MoHUA / DFS ====
+  * For PMAY-related delays: https://pgportal.gov.in → Ministry of Housing and Urban Affairs.
+  * For bank-level delays where Ombudsman doesn't apply (some HFCs): Department of Financial Services (DFS).
+  * PMAY-U helpline: **011-23060484** / **011-23061827**.
+==== Rung 5 — Right to Information (RTI) ====
+The Income Tax Department, RBI, NHB, and **PSU banks** are public authorities under §2(h) of the RTI Act 2005. **Private banks are NOT directly under RTI** (the SC's 2015 RBI vs Jayantilal Mistry case affirms RBI as PIO; private banks themselves are not). HFCs are mostly private and similarly not under direct RTI.
+**RTI helps here when:**
+  * Your application to a **PSU bank (SBI, PNB, BoB, Canara, UCO, Indian Bank, etc.)** has been pending more than 30 days without a written status — RTI to PIO at the controlling office of that branch (Circle / Zonal Office) for: file movement log, name of the credit officer, current stage, and reasons for delay.
+  * Your **PMAY-CLSS subsidy** has not been credited even though the bank confirms the application was uploaded — RTI to PIO at **National Housing Bank, New Delhi** for: dispatch date to bank, transaction ID, NHB processing log.
+  * Your application was **rejected without a reason** at a PSU bank — RTI for: copy of the rejection note, basis under credit policy, decision authority.
+  * Builder claims RERA registration but the project isn't traceable on the portal — RTI to **state RERA authority** for: project status, complaints history, refund record.
+See dedicated guide: [[:apply-pmay-urban-gramin-2026|RTI for PMAY / housing-loan delay — copy-ready template]].
+**RTI does NOT help here when:**
+  * You applied to a **private bank or HFC** — they're not public authorities, so direct RTI fails. Use Banking Ombudsman instead.
+  * You disagree with the bank's **credit decision** itself (e.g., they sanctioned only ₹52 lakh instead of ₹65 lakh you wanted). Credit policy is commercial discretion; RTI cannot force a higher sanction.
+  * You want the bank to **reduce your interest rate** retrospectively. The rate is contractual; only RBI's repo-rate-linked reset cycle applies.
+  * To **dispute the property valuer's report** — challenge it through the bank's internal review or get a second valuation; RTI cannot reopen valuation.
+  * The PMAY application is **pending Aadhaar de-dup verification** — that's automated; an RTI for "current status" will get "under processing" reply.
+===== FAQs =====
+**Q. Can a salaried person and a self-employed spouse take a joint home loan?**\\
+Yes — and it's often advantageous. Both incomes get clubbed for FOIR, raising eligibility. Both can claim §80C and §24(b) independently in proportion to EMI paid + ownership. Co-borrower must also be co-owner.
+**Q. My CIBIL is 685. Will any bank give me a home loan?**\\
+PSU banks usually decline below 700. Try LIC Housing Finance (sometimes goes down to 650 with higher rate), Bajaj Housing Finance, or PNB Housing — they have surrogate income / lower CIBIL programmes. Rate may be 50-100 bps higher. Better: wait 3-4 months, fix the CIBIL, and reapply.
+**Q. How long is the PMAY-CLSS subsidy disbursement lag?**\\
+Under PMAY-U 2.0 (ISS structure), the subsidy is paid in **5 yearly instalments** of up to ₹36,000 each (totalling ~₹1.80 lakh max), credited to your loan account by the bank after NHB/HUDCO clearance. First instalment typically lands **3-6 months after first disbursement**.
+**Q. Can I prepay my home loan without penalty?**\\
+Yes — if it's a **floating-rate** loan to an individual borrower. RBI's circular dated 5 May 2014 abolished prepayment / foreclosure charges on floating-rate home loans for individuals. Fixed-rate loans may attract 2-4% prepayment charge.
+**Q. What's the difference between PMAY-Urban and PMAY-Gramin?**\\
+**PMAY-U 2.0** (urban) — covers towns, statutory urban areas; uses income criteria; 4 verticals including ISS (interest subsidy). Run by MoHUA. **PMAY-G** (rural) — covers villages, gram panchayats; uses **SECC 2011** deprivation list; gives unit assistance ₹1.20 lakh (plain) / ₹1.30 lakh (hilly). Run by Ministry of Rural Development.
+**Q. Builder is delaying possession — can the bank help?**\\
+Bank can stop further disbursement until milestone is met, which puts pressure on builder. For your refund / penalty rights, file complaint with state **RERA** within 60 days of contractual handover date. RERA can order builder to pay you interest at SBI MCLR + 2%.
+**Q. I got the PMAY-U 2.0 sanction letter but my bank says they don't have NHB tie-up. What now?**\\
+Ask which CNA (Central Nodal Agency) the bank is tied with — only banks tied with **NHB** or **HUDCO** can route ISS. Most PSUs and big private banks are tied. If yours isn't, you can refinance to one that is, or skip the subsidy.
+**Q. Can I claim §80EEA in 2026?**\\
+Only if your loan was sanctioned between **1 April 2019 and 31 March 2022**, and stamp value of property ≤ ₹45 lakh, and you didn't own any other house at sanction. The window has closed for new sanctions; existing loans can continue claiming for the loan tenure.
+**Q. What if I'm transferred to another city — can I sublet the house and claim HRA?**\\
+Yes (only under old tax regime). You can claim HRA for the rented house in the new city + interest deduction under §24(b) for the home loan on the (now let-out) house in the original city. Self-occupied limit of ₹2 lakh interest doesn't apply to let-out — but loss-from-house-property set-off is capped at ₹2 lakh per year against other income (carried forward beyond that).
+===== Related on RTI Wiki =====
+  * [[:apply-pmay-urban-gramin-2026|How to apply for PMAY (Urban + Gramin) — full process]]
+  * [[:dispute-cibil-credit-score-2026|How to dispute a CIBIL credit score error]]
+  * [[:file-itr-online-2026|How to file ITR online — claim §80C, §24, §80EEA]]
+  * [[:apply-pmay-urban-gramin-2026|RTI for PMAY / housing-loan delay — copy-ready template]]
+  * [[:rti-for-beginners|RTI in 12 simple steps — for first-time filers]]
+  * [[:helplines:start|All Indian government helplines — one master directory]]
+  * [[:forms:start|RTI forms + state-wise fee chart]]
+//Last reviewed: 26 April 2026 by RTI Wiki editorial team. PMAY-U 2.0 guidelines, RBI lending rates and tax slabs change with budget and policy notifications — verify current numbers on pmay-urban.gov.in and rbi.org.in or write to admin@bighelpers.in if you spot a stale figure.//
+{{tag>home-loan housing-loan pmay pmay-u-2 clss interest-subsidy sbi hdfc icici lic-housing-finance bajaj-housing-finance section-80c section-24b section-80eea rera cibil rbi-banking-ombudsman nhb hudco mohua rti-housing citizen-guide help-first 2026}}

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