About this banking scheme
The scheme offers 50% interest reimbursement on home loans up to Rs. 1,00,000 for eligible war widows and disabled personnel. Apply online anytime through the Kendriya Sainik Board.
This scheme provides financial help to certain groups who have served in the military. It aims to ease the burden of home loan interest for war widows, bereaved families, and disabled soldiers.
Managed by the Ministry of Defence, it reimburses a portion of the interest paid on home loans. The assistance is available for a maximum of five years.
Eligible applicants can receive up to 50% of the interest on their home loans, making it easier for them to manage housing costs. This support is crucial for those who have sacrificed for the nation.
Benefits at a glance
| Scheme name | Financial Assistance as Interest Subsidy on Home Loan (FAISHL) |
|---|---|
| Launched by | Ministry Of Defence |
| Department | Department of Ex-Servicemen Welfare |
| Benefit | The scheme offers 50% interest reimbursement on home loans up to Rs. |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | Central · All India |
| Official portal | ksb.gov.in (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Scheme for | Individual |
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Last Date for Application | Ongoing |
| Verification Authority | Zila Sainik Board |
| Payment Method | Directly to bank account |
| Age | 18 to 80 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 80 years
- 💼Ex Servicemen
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Interest Subsidy: 50% of the interest paid on home loans
- Loan Limit for Subsidy: Up to Rs. 1,00,000
- Duration: Maximum of 5 years or until loan repayment is completed
The subsidy is paid every six months, directly to the bank account of the applicant.
Who qualifies
- Must be a war widow, war bereaved family member, or war disabled personnel
- Age between 18 and 80 years
- Must have taken a home loan from approved lenders
- Loan amount for subsidy must not exceed Rs. 1,00,000
Who is not eligible
- Applicants who took loans from private banks are not eligible
Papers to keep ready
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Registration walkthrough
- Visit the Kendriya Sainik Board Secretariat online.
- Register by providing your details and creating a password.
- Log in using your User ID and password.
- Fill out the application form and upload required documents.
- Submit the printed application along with documents to the District Sainik Board.
To check your application status, log in to your account on the application portal or contact the District Sainik Board.
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Not submitting the correct documents can lead to rejection.
- Applying with a loan from a private bank makes the application invalid.
- Missing the age criteria can disqualify the applicant.
- Incomplete application forms can lead to delays.
- Not adhering to the repayment schedule can affect eligibility.
Frequently asked questions
What is the maximum loan amount eligible for subsidy?
The maximum loan amount for subsidy is Rs. 1,00,000.
What percentage of interest is reimbursed?
50% of the interest charged on the home loan is reimbursed.
Who can apply for this scheme?
Eligible applicants include war widows, war bereaved families, and war disabled personnel.
How long is the subsidy available?
The subsidy is available for up to 5 years or until the loan is repaid.
Can I apply if I took a loan from a private bank?
No, only loans from approved banks and government undertakings are eligible.
How often is the subsidy paid?
The subsidy is paid every six months.
What happens if I change my repayment terms?
Changing repayment terms may affect your eligibility for the subsidy.
Can I claim subsidy for a home renovation loan?
No, the subsidy is only for home construction loans.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines ksb.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
First draft prepared with editorial AI tools; every fact verified against the official notification and rewritten by our team.
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