Aponar Apon Ghar: Assam Home Loan Subsidy Scheme for govt employees

State government employees in Assam can avail government subsidy for home purchase under the state’s Apun Ghar scheme. Also known as the Aponar Apon Ghar scheme, the programme will help home buyers purchase affordable houses through the subsidy.

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This housing loan scheme of the Assam government was launched in March 2017 and has been extended multiple times since then. Under the scheme, a state government employee can get up to Rs 15 lakhs home loan at subsidised rates. The interest subsidy offered by the state government is 3.5%. This means, for example, State Bank of India (SBI) will offer home loans at 3.5% lower interest rate than its standard home loan rate, to applicants under the scheme.

Also read all about the Pradhan Mantri Awas Yojana or PMAY

Aponar Apon Ghar scheme: Key features

The state government offers the subsidised home loans as per the scheme through the public lender, SBI. The SBI home loan, under the scheme, could be used for buying a plot and building a dwelling on it, for constructing a house on an existing plot, or for purchasing a flat.

Apart from getting the home loan at subsidised rates, the Assam government employees will also enjoy a complete waiver on home loan processing fees under the Aponar Apon Ghar scheme. The loan repayment period can be extended to 240 EMIs.

While applicants with pension income can pay off this EMI till the age of 60, the tenure cannot exceed more than 60 years of the applicant’s age in case he is not expected to have pension.

See also: Dharitree Assam: How to view Assam land record online?

Aponar Apon Ghar scheme eligibility

The applicant must be a resident of Assam.
The applicant should be 21 years of age.
The applicant must be employed with the Assam government for at least five years.

Also read everything you need to know about RERA Assam

Aponar Apon Ghar scheme: Documents required

When applying for home loan subsidy under this scheme, the applicant will have to furnish the following documents:

Passport size photograph
Identity proof
Residence proof
Latest salary slips
Statement of salary account for the past six months
No dues salary from the existing banker if the salary is credited in other than SBI account
Proof of being in service for a minimum of five years
Statement of personal assets and liabilities in bank’s format
Documents evidencing the ownership of land

See also: All about esampada

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Sunita Mishra

An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.

In addition to her professional accomplishments, Sunita holds an MA degree in Sanskrit, with a specialisation in Indian Philosophy, from Delhi University. Outside of her work schedule, she likes to unwind by practising Yoga, and pursues her passion for travel.
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