Financial Assistance as Interest Subsidy on Home Loan

Interest Subsidy Amount: 50% of the interest charged on the home loan.

Loan Limit for Subsidy: Up to ₹1,00,000 (even if the loan amount is higher).

Duration: Maximum of 5 years or until loan repayment is completed, whichever is earlier.

Applicable Loan Sources: Banks, Government/Public Sector undertakings, Life Insurance Corporation (LIC), General Insurance Corporation (GIC), and Housing and Urban Development Corporation (HUDCO).

The applicant must be a war widow, war bereaved family member, war disabled personnel, or attributable peacetime casualty (all ranks).

The applicant must have taken a home loan from a bank, government/public sector undertaking, LIC, GIC, or HUDCO.

The loan amount considered for subsidy must not exceed ₹1,00,000, regardless of the actual loan amount.

Online

Interested and eligible students need to apply online at the Kendriya Sainik Board Secretariat.

New User Registration

Select the "Register" option.

Complete the registration form with the requisite details, including your name, Aadhaar card number, email ID, mobile number, and bank details.

Establish a password for your account.

Upon successful registration, the applicant will receive a User ID and password.

Login & Application Process:

Log in using the provided User ID and password to access the application form.

Click "New Application" and select the scheme name.

Fill in the complete application form.

Upload the required documents, including a photograph, caste certificate, residential certificate, and bank passbook etc.

Click on the "Save & Forward" and take the printout of the application form.

The applicant submits the printed application along with all the required documents to the District Sainik Board.”

NOTE:

Once the application reaches KSB Sectt., the staff and officers at KSB carry out vetting and approval of the application. Final payment is made online in due course based on the availability of funds in AFFD.

Certificates from the concerned banker or reputed organizations in Govt/PSUs including LIC,GIC and HUDCO are as follows:-

A certificate to the effect that there would be no change in the schedule of repayment.

A statement showing the amount of interest actually paid for the period covered under the claim.

A certificate to the effect that repayment of loan along with interest was regular.

Applicant's Document

A copy of Ex-Servicemen Identity Card duly attested.

A copy of Discharge Book duly attested.