Is an Affordable Housing Loan Beneficial for Women as Primary Borrowers?

Women are increasingly becoming key decision-makers in real estate. From lower interest rates to government-backed incentives, Affordable Home Loan products offer several advantages for women as primary borrowers. In 2025, schemes such as the Pradhan Mantri Awas Yojana (PMAY) continue to support women in their homeownership journey.

Why More Women Are Becoming Homeowners

Cultural shifts, rising financial independence and government initiatives have empowered more women to invest in real estate. Here is why many are making the move:

• Access to exclusive benefits under PMAY and state policies
• Stamp duty rebates in several states
• Improved credit access through co-applications or independent eligibility
• Enhanced long-term security and asset creation

Benefits of Being a Primary Borrower

Women who apply as primary borrowers enjoy the following:

• Lower interest rates
• Stamp duty concessions in many Indian states
• Compulsory co-ownership for EWS and LIG subsidy eligibility under PMAY
• Higher approval chances, especially in joint applications
• Supportive schemes for widows, single mothers and women from economically weaker backgrounds

Also Read: PM Benefits – Benefits of Having a Female Co-owner

Eligibility Criteria for Women Borrowers

To qualify for PMAY and other affordable housing benefits:

• Applicant must be a first-time homebuyer
• Family income must fall within the EWS, LIG or MIG slabs
• The home must be in a recognised urban or semi-urban location
• For PMAY EWS and LIG categories, a woman co-owner is mandatory
• The property must be intended for residential use only

Also Read : Affordable Housing Loan: Everything You Need to Know

How to Apply for an Affordable Housing Loan as a Woman

• Check eligibility based on income and homeownership history
• You can also use an EMI Calculator to plan your long-term finances
• Approach a PMAY-registered lender such as Godrej Capital
• Ensure that the woman applicant is either the sole or co-owner of the property
• Submit KYC documents, income proofs and property paperwork

Final Thoughts

Women today are in a stronger position to own homes thanks to tailored financial products and government-backed schemes. An Affordable Housing Loan not only make homeownership more accessible but also support financial independence and asset creation for women.

Whether you are buying alone or jointly, explore Affordable Housing Loan options with trusted lenders like Godrej Capital to make the most of available benefits.

Apply now for an Affordable Home Loan.

FAQs

Q.1. Do I need to be the sole borrower to get benefits?

A. No. Co-ownership is usually sufficient for most benefits.

Q.2. Are interest rates really lower for women?

A. Yes. Most lenders offer lower interest rates for women borrowers.

Q.3. Can I avail both PMAY and stamp duty benefits?

A. Yes. If your state offers stamp duty rebates for women, they can be combined with PMAY.

Q.4. What if I am not earning but want to be a co-owner?

A. That is allowed. Non-earning women can still be co-owners for PMAY eligibility.

Q.5. Are there state-level schemes specifically for women?

A. Yes. Many states offer additional incentives beyond central schemes.

Disclaimer:

The contents of this article are for information purposes only and not a financial advisory. The information is subject to update, revision, and amendment and may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Godrej Capital or its Affiliates to any requirements. Godrej Capital or its Affiliates shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any decisions, financial or otherwise based on the contents and information mentioned. For more information, please visit www.godrejcapital.com