National Housing Bank Home Loan

I want to apply for Urban Housing Loan in National Housing Bank so can you please provide me the details of the loan?

To improve the affordability of housing loans by EWS/LIG Segments in urban areas, Ministry of Housing and Urban Poverty Alleviation (MHUPA), Government of India introduced Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) Scheme.

Urban Housing

Under the Scheme, an interest subsidy of 5 percent per annum for whole duration of the loan (15 – 20years) is provided on loans up to 1.00 lakh extended to EWS/LIG beneficiaries by the Primary Lending Institutions (PLIs).

NHB and HUDCO are designated as the central Nodal Agencies (CNA) for implementation of the Scheme.

The maximum loan amount was 1.00 lakh for a EWS individual and 1.60 lakh for a LIG individual.

This Interest subsidy is provided on NPV and upfront basis.

The Scheme was implemented through Primary Lending Institutions, viz. Banks and Housing Finance Companies.

The Scheme envisaged the appointment of State Level Nodal Agencies (SLNA) by various States to facilitate the identification and selection of eligible beneficiaries for its effective implementation.

NHB as Nodal Agency for the aforesaid Scheme had taken various measures to bring awareness through wider publicity, sensitization programmes and coordinating with various agencies for facilitating effective implementation of ISHUP.

Illustrative Tables For Calculation Of Npv Subsidy Under Ishup

For 15 years @ 8.5%
For 20 years @ 8.5%

Contact-

National Housing Bank
Core 5-A, India Habitat Centre,
Lodhi Road, New Delhi-110003
(PBX) 011-2464 9031-35
Fax : 011-2464 9030
E-mail: ho@nhb.org.in

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Answered By StudyChaCha Member