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PMAY Subsidy Calculator

The PMAY Subsidy Calculator, also known as Pradhan Mantri Awas Yojana Eligibility Calculator is used for knowing how much Home Loan Interest Subsidy you can get under the Pradhan Mantri Awas Yojana scheme.

The Pradhan Mantri Awas Yojana scheme of the Government of India was launched in June 2015 as a flagship project of our honourable Prime Minister Shri Narendra Damodardas Modi. This Credit Linked Subsidy Scheme (CLSS) focuses on providing affordable homes for all by the year 2022.

Under the PM Awas Yojana scheme, you can get a home loan interest subsidy of up to 6.5% on your borrowed home loan amount.

So, if you have been looking to buy/ construct/ extend/ improve your dream home, then make sure you check the Pradhan Mantri Awas Yojana scheme and get a home loan interest subsidy of up to 2,67,000. 

But firstly, check your Pradhan Mantri Awas Yojana eligibility using our PMAY Eligibility Calculator for free.

Plus, you can also check your reduced home loan EMI after availing of the Pradhan Mantri Awas Yojana subsidy.


Check Home Loan EMI after PMAY Subsidy Deductions
Login with your Gmail ID to check your reduced Home Loan EMI after availing PMAY Subsidy.

Reduced Loan Amount


Loan EMI


Total Interest Payable


PMAY Calculator - Frequently Asked Questions (FAQs)

What is the PMAY Subsidy Calculator?

The PMAY Subsidy Calculator is a free online tool to check your Pradhan Mantri Awas Yojana eligibility. Using this Home Loan Subsidy Calculator you can check your PMAY eligibility in just 30 seconds and know your Home Loan interest Subsidy amount.

All you have to do is enter your basic details such as annual family income, home loan amount and other details. It instantly showcases if your eligible to apply for PM Awas Yojana or not. And if you are eligible, then PMAY Calculator shows the exact amount that you get as the subsidy on the Interest part of your borrowed housing loan.

The Home Loan Subsidy Calculator also lets you check home loan EMI after availing of your home loan interest subsidy. 

How to check PMAY eligibility?

Follow these steps to check PMAY eligibility:

  1. Enter your annual family income.
  2. Provide your exact loan amount.
  3. Feed the home loan interest rate.
  4. Enter the tenor that will be suitable for you to repay the loan.
  5. Fill in your Carpet Area in Square Meter.
  6. Select Yes or No, if it is your first pucca house or not.

Our Pradhan Mantri Awas Yojana eligibility calculator will showcase if you are eligible for this interest subsidy scheme or not. It’ll also show the exact subsidy amount and the subsidy category if you are eligible to apply for this scheme. 

How to check reduced home loan EMI after you avail PMAY subsidy?

Follow these steps to check your reduced loan amount and housing loan EMI:

  1. Provide your name and email address.
  2. Click on ‘Submit’.
  3. You will now receive a verification code on your email ID.
  4. Verify the received code.

Post verification, you will now be able to view your reduced home loan EMI, total payable interest amount, and an overall breakup of interest and principal on the pie chart. 

What are the PMAY income categories?

The Government of India is going to provide an interest subsidy from 3% to 6.5% on the borrowed home loan amount for the period of 20 years. The beneficiaries of the PMAY scheme have been divided into 4 income categories based on their annual family income. 

4 - Important PMAY income groups:

Sr. No.

Beneficiary Income Category

Annual Family Income (Rs.)


Economically Weaker Section (EWS)

Up to 3 lakhs


Lower Income Group (LIG)

3 to 6 lakhs


Medium Income Group (MIG-1)

6 to 12 lakhs


Medium Income Group (MIG-2)

12 to 18 lakhs

How is the PMAY subsidy calculated?

PMAY subsidy is calculated on the basis of Pradhan Mantri Awas Yojana eligibility criteria set by the Government of India.

If you are looking to buy your first dream home then check this first time home buyers guide.