A Home Loan is a secured loan product where the lender provides finances for the purchase or construction of a residential property The Home Loan is taken by a borrower against the property/security to be bought. This is done by giving the banker a conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property and Finbux Growth provides home loans in Ahmedabad, Gujarat with end to end home loan solutions.

Buying a home could be one of the biggest achievements of a person’s life. Now You can soon be on your way to owning your dream home through Pradhan Mantri Awaas Yojana(PMAY) is an initiative by the government of India!! Pradhan Mantri Awaas Yojana (PMAY) was launched in June 2015 with an aim to provide affordable housing in urban areas and Affordable Housing in Partnership with private and public both sector. The features of Pradhan Mantri Awas Yojana (PMAY) are that the government will provide an interest subsidy on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme (CLSS) from the start of a loan. the houses under Pradhan Mantri Awas Yojana (PMAY) would be constructed through a technology that is eco-friendly, Condition for PMAY (a) Beneficiary max age 70 years, (b) EWS (Economic Weaker Section) annual income Less than Rupees 3 Lac and LIG (Lower Income Group) Annual Income 3,00,001 to 6,00,000 Lac INR as well as MIG(Mid Income group) since Feb 2017, and (c) The beneficiary should not have an own dwelling unit on the name of any family member in any part of India. The houses given under this scheme will be owned by females or jointly with males.