Calculate your PMAY subsidy online with the Pradhan Mantri Awas Yojana calculator. Check eligibility by income group, estimate savings, and plan affordable housing with accurate results.
It is a tool that helps you estimate the maximum subsidy you can receive under the PMAY scheme. By entering your annual family income, loan amount, and tenure, you can quickly check your beneficiary category and the eligible home loan subsidy.
The PMAY calculator simplifies the process of checking home loan eligibility, works on the PMAY subsidy formula, and provides instant results.
The PMAY subsidy calculator helps you quickly estimate your eligible home loan subsidy. To use it, provide the following details:
Enter your total household income.
Specify the home loan you plan to take.
Choose the duration of your loan in months.
Indicate if this is your first pucca house (Yes/No).
Select Yes if a woman is a co-owner of the property.
The calculator will instantly show your beneficiary category and subsidy amount.
The PMAY subsidy is calculated based on your annual household income and the eligible home loan amount. Each income group has a fixed subsidy rate and a maximum loan limit. If your loan amount exceeds this limit, the subsidy applies only to the eligible portion, while the rest is charged at the normal interest rate.
The subsidy is credited upfront to your loan account, reducing the principal and lowering your EMIs. You can use a PMAY calculator to estimate your subsidy and revised instalments for better loan planning.
The Pradhan Mantri Awas Yojana subsidy calculator is an online tool that helps you check if you qualify for the Pradhan Mantri Awas Yojana scheme. It also estimates the subsidy you may receive on your home loan.
To use the calculator, you need to enter details such as your household income, loan amount, interest rate, and loan tenure. Once you provide these inputs, the tool will display your eligibility status and potential subsidy amount.
The calculator works by matching your details with the eligibility criteria under the Credit Linked Subsidy Scheme (CLSS). It tells you which category you fall under and the benefits available to that group.
Using the Pradhan Mantri Awas Yojana eligibility calculator can save time and give you clarity before applying for a home loan. It helps you plan your finances better by showing your expected savings through the subsidy.
The Pradhan Mantri Awas Yojana provides interest subsidies on home loans based on your income group. PMAY eligibility and subsidy limits are categorised as follows:
Income Group |
Annual Income |
Interest Subsidy |
Maximum Loan for Subsidy |
Maximum Subsidy Amount |
EWS (Economically Weaker Section) |
Up to ₹3 Lakhs |
6.5% |
₹6 Lakhs |
₹2.67 Lakhs |
LIG (Low-Income Group) |
₹3 Lakhs to ₹6 Lakhs |
6.5% |
₹6 Lakhs |
₹2.67 Lakhs |
MIG I (Mid-Income Group I) |
₹6 Lakhs to ₹12 Lakhs |
4% |
₹9 Lakhs |
₹2.35 Lakhs |
MIG II (Mid-Income Group II) |
₹12 Lakhs to ₹18 Lakhs |
3% |
₹12 Lakhs |
₹2.30 Lakhs |
Example Calculation
Suppose a family falls under the LIG category with a home loan of ₹6 Lakhs at 9% p.a. Under PMAY, they get a 6.5% subsidy on the eligible loan amount. This effectively reduces their rate to 2.5% on the subsidised portion. The maximum benefit here is ₹2.67 Lakhs, which directly lowers the loan principal and reduces the overall repayment burden.
Knowing what impacts your PMAY subsidy helps you plan your home loan better and avoid missing out on benefits. Here are the key factors that affect your subsidy amount and eligibility:
Annual Household Income
Your income category determines the interest subsidy rate and the maximum loan amount eligible for subsidy. Lower-income groups receive a higher subsidy compared to higher-income groups.
Loan Amount
Only the eligible portion of your loan qualifies for the PMAY subsidy. Any amount beyond the limit is charged at the regular interest rate.
Loan Tenure
The subsidy is calculated for a maximum loan tenure of up to 30 years. Shorter tenures may result in lower interest savings.
Beneficiary Category
PMAY divides applicants into EWS, LIG, MIG I, and MIG II based on income. Each group has fixed subsidy rates and eligible loan caps.
Property Ownership
To qualify, applicants who already own a pucca house may be excluded from receiving the subsidy.
Female Co-ownership
Having a female co-owner is encouraged under the scheme, especially for EWS and LIG categories. It may increase the chances of approval and eligibility.
Using a PMAY calculator helps you understand your potential savings before you apply for a home loan. Here are the key benefits of using the calculator:
The calculator provides your estimated subsidy in seconds, saving time and giving you clarity before applying.
It shows whether you qualify for the PMAY scheme based on your details. This avoids confusion and helps you make informed decisions.
The calculator estimates your equated monthly instalments (EMIs) after applying the subsidy. This helps you plan your future payments better.
You only need to enter basic details such as income, loan amount, interest rate, and tenure. The tool then displays clear results instantly.
The calculator helps you see how the subsidy affects your loan repayment. This can guide you in choosing the right loan amount and tenure.
PMAY calculator is free and available online. You can use them anytime without any cost.
People with an annual family income above ₹18 Lakhs are not eligible for PMAY benefits. Additionally, if you already own a pucca house or have received benefits from any other government housing scheme, you cannot apply. PMAY is designed to support first-time homebuyers who have not received any prior housing assistance.
Yes, government employees are eligible for PMAY if they meet the income and other eligibility criteria. Their employment status does not affect their eligibility. What matters is the household income, property ownership status, and whether they have received benefits under any other housing scheme
Yes, having a female co-owner is strongly encouraged under PMAY, especially for EWS and LIG categories. The scheme aims to promote women’s ownership of property. If there is no eligible female member in the family, this requirement can be relaxed. However, including a female co-applicant increases the chances of approval.
Under PMAY, the income classification is based on total annual household income:
Low-Income Group (LIG): Income between ₹3 Lakhs and ₹6 Lakhs
Middle-Income Group I (MIG I): Income between ₹6 Lakhs and ₹12 Lakhs
The subsidy is based on your income group, loan amount, and loan tenure. Each category has a fixed subsidy rate and a maximum loan limit. For example, EWS and LIG categories receive a 6.5% subsidy on loans up to ₹6 Lakhs.
MIG I receives 4% on up to ₹9 Lakhs, and MIG II receives 3% on up to ₹12 Lakhs. If your loan exceeds the eligible amount, the excess is charged at the normal rate.
Yes, PMAY allows for renovation or extension of an existing house under certain conditions. The work needs to be completed within 36 months from the date of receiving the first loan instalment. This option helps families improve their living space while benefiting from the subsidy.
The PMAY subsidy under PMAY-U is applicable only for houses in urban areas and does not cover rural properties. For rural areas, there is a separate scheme that is PMAY-Gramin (PMAY-G).
Yes, PMAY has specific deadlines based on the scheme phase and beneficiary category. The government has extended the timeline for completion of sanctioned houses up to 31st December 2025.
Anyone planning to apply for a home loan under the Pradhan Mantri Awas Yojana can use the PMAY calculator. It helps estimate the eligible subsidy, check your beneficiary category, and plan EMIs based on your income, loan amount, and tenure.
The PMAY subsidy calculator provides an estimated subsidy based on your income, loan amount, and tenure. The actual subsidy may vary slightly depending on the lender’s terms and final approval.
After checking your PMAY subsidy, you can proceed with the formal application process with a lender.
Yes, the PMAY calculator estimates both your subsidy and loan eligibility based on your income, loan amount, and tenure.
The PMAY calculator determines your subsidy using your income group, home loan amount, and tenure. It applies the applicable interest subsidy rate to show estimated EMIs.
As per the PMAY guidelines, you cannot claim the subsidy if you or your family already own a pucca house. The scheme is aimed at first-time homebuyers without any existing pucca house.