Home Loan Scheme for Persons with Benchmark Disabilities

Details

To support independent living and accessible housing for persons with benchmark disabilities by providing concessional home loans.

Benefits

Financial Assistance:

1. Loan amount up to ₹50 lakhs.

2. Interest rate: ranges from 5% to 7%.

3. Repayment period: up to 10 years.

4. Moratorium period: up to 1 year.

Eligibility

a. Disability Criteria:

1. Must have a benchmark disability (40% or more) as per RPwD Act, 2016.

b. Age Criteria:

1. Must be 18 years or above.

c. Income Criteria:

1. No income ceiling.

Application Process (Offline)

Apply through:

1. State Channelizing Agencies (SCAs),

2. Partner banks, or

3. Approved financial institutions affiliated with NDFDC or related agencies.

Documents Required

• Age certificate.

• Unique Disability ID (UDID) card.

• Proof of ownership of land/property.

• Income proof (optional depending on agency requirements).

• Additional documents as per lender's norms (e.g., building plan, estimate, NOC, co-applicant documents if required).