RGHCL mainly provides subsidized housing assistance (grants), not direct loans. However, beneficiaries can access loans through bank linkages and partnerships for building homes, especially if:
- The government grant amount is insufficient.
- The beneficiary opts to build a larger or better-quality house.
- The scheme involves beneficiary contribution or cost-sharing.
Key Points About Loan Facilities:
1. Tie-up with Banks
RGHCL collaborates with public sector banks, regional rural banks (RRBs), cooperative banks, and microfinance institutions for:
- Housing loans under affordable housing schemes.
- Loans for covering the gap between subsidy and total construction cost.
2. Loan under PMAY (if applicable)
For urban housing, Pradhan Mantri Awas Yojana – Urban (PMAY-U) allows:
- Credit-Linked Subsidy Scheme (CLSS) for EWS, LIG, and MIG beneficiaries.
- Interest subsidy on home loans up to ₹6 lakhs – ₹12 lakhs.
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RGHCL often converges with PMAY, especially in urban areas. If your RGHCL home is eligible under PMAY-U, you can avail of subsidized loans from empaneled banks.
3. Self-Financing Option
If you are not eligible for a full government grant, you can:
- Apply under the partial assistance/self-financed category.
- Take a loan to cover the remaining construction cost.
- RGHCL provides technical approval, and you can approach banks for financing.
Documents Needed to Get a Loan
- RGHCL allotment letter or approval document.
- Income certificate.
- Aadhaar and PAN card.
- Property or land ownership proof.
- House construction plan estimate.
- Bank account details.
Important Notes
- RGHCL itself does not disburse loans directly.
- Beneficiaries must approach banks individually for loans.
- Not all schemes offer CLSS benefits—only schemes merged with PMAY qualify.
- Loan repayment capability is assessed by the bank based on income and land title.
Need Help Applying for a Loan?
You can get assistance from:
- RGHCL District Offices
- Local Gram Panchayat or ULB offices
- Designated bank branches partnering with RGHCL
- Helpline: 080-22106888
