The AI answer we saw
Home loans under ₹10 lakhs are available for first-time buyers in tier 3 cities through several lenders including Aavas Financiers, Repco Home Finance, Muthoot Housing Finance, and some regional cooperative banks. Under PMAY-CLSS, first-time homebuyers in the EWS (annual income up to ₹3 lakh) and LIG (up to ₹6 lakh) categories can avail an interest subsidy of up to 6.5%, reducing EMI burden significantly. Required documents typically include identity proof, address proof, income proof (formal or informal), and property documents. Loan tenures can extend up to 20 years, keeping EMIs manageable even at lower income levels.
Captured during this Readable report run. Answers can vary by AI tool and date.