✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

The Central Government of India launched the ‘Credit-Linked Subsidy Scheme’ or CLSS as part of Pradhan Mantri Awas Yojana. The initiative has been set with the noble effort to ensure ‘Housing for All’ by 2022. Under this scheme, the economically weaker section, lower-income groups and middle-income groups can avail interest subsidies on home loans.


The PMAY subsidy calculator is a tool developed for self-help. It provides results depending on the information that you enter. The PMAY subsidy calculator provides approximate values. This is why it is important to note that ultimate results cannot be considered absolute.

PMAY Subsidy Calculator

Annual Family Income
Loan Amount
Rate Of Interest

Subsidy Category


Total Interest Saved

Subsidy Amount

EMI Saved

*With effect from 31st Mar 21, Applicants with family income of more than ₹ 600,000 are Not Eligible for this subsidy

*With effect from 31st Mar 21, Applicants with family income of more than ₹ 600,000 are Not Eligible for this subsidy
Particulars Applied Loan Subsidy / Savings Revised Loan
Amount ₹ 5,00,000 (-) ₹ 2,22,7333 ₹ 2,77,267
EMI ₹ 4,499 (-) ₹ 2,004 ₹ 2,495
Total Interest ₹ 5,79,671 (-) ₹ 2,58,224 ₹ 3,21,447

*Exact numbers may vary subject to gov rules and regulations

How to use PMAY Subsidy Calculator Online?

It is extremely simple to use the PMAY subsidy calculator. All you have to do is enter the,

  • Annual Family Income

  • Loan Amount

  • Tenure

  • Rate of Interest

Once you enter all the values, the estimated PMAY subsidy result will appear in the calculating tool.

How is PMAY Subsidy Calculated?

The Net Present Value (NPV) of the interest subsidy amount is considered as the subsidy amount. Net Present Value is calculated at a discount rate of 9%.

PMAY Subsidy Classification


Max.Household Income

Maximum Subsidy

Max Area

Subsidy on Interest

Max. Loan Amount

Loan tenure

MIG – 2

₹ 12 – 18 Lakhs

₹ 2.30 Lakhs

110 sq. meter

3% p.a.

₹ 12 Lakhs

20 years

MIG – 1

₹ 6 – 12 Lakhs

₹ 2.35 Lakhs

90 sq. meter

4% p.a.

₹ 9 Lakhs

20 years


₹ 3 – 6 Lakhs

₹2.67 Lakhs

60 sq. meter

6.5% p.a.

₹ 6 Lakhs

20 years


₹ 0 – 3 Lakhs

₹ 2.67 Lakhs

30 sq. meter

6.5% p.a.

₹ 6 Lakhs

20 years

Documents Required to obtain the Benefits Of PMAY

The following documents must be presented to obtain the benefits of PMAY Scheme,

  • Aadhaar card

  • Loan sanction letter

  • PAN card

  • Buyer builder agreement or ATS copy

  • Stamp paper/affidavit

How to Check Eligibility Criteria for PMAY Scheme

To check your eligibility for the Pradhan Mantri Awas Yojana scheme, you must follow the given steps:

  • Step 1: Visit the official PMAY website i.e PMAY-HFA(Urban) (pmaymis.gov.in).

  • Step 2: Click on the 'Subsidy Calculator’ option located on the navigation panel. You can also visit the PMAY (U) page for the NPV Subsidy Calculator at PMAY-HFA(Urban) (pmaymis.gov.in)

  • Step 3: Enter the requested details that include the loan amount, tenure, family income, etc. before clicking on ‘Calculate’

  • Step 4: The subsidy amount details will be generated and instantly displayed on the screen.

Get your subsidy on a House Loan today.

PMAY Video

PMAY: Pradhan Mantri Awas Yojana Scheme

Your dream of owning a home need not wait!, Pradhan Mantri Awas Yojana (PMAY) along with Bajaj Markets will make your dream come true And the best part! With PMAY scheme, you can get a significant subsidy on your Home Loan interest amount.

Loan Offer
Download App
Credit Score