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Calculate benefits under
Pradhan Mantri Awas Yojana

Calculate the amount of home loan subsidy that you can avail under this scheme.

Pradhan Mantri Awas Yojana Subsidy Calculator

With a vision of 'Housing For All' by 2022, the Central Government launched the 'Credit-Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY). With this, economically weaker sections of society, along with lower income groups and middle-income groups can avail interest subsidies while buying/extending/improving their home. Use the PMAY calculator below to calculate the amount of home loan subsidy that you can avail under this scheme.
Carpet Area
of property (in sq ft)

max limit 5491.67 sq ft.

  • Annual Income (₹)
  • Home Loan Amount (₹)
  • Interest Rate (%)  
  • Loan Tenure (Months)
  • Apply Now

    or Check Your Home Loan Eligibility. Click here

*For EWS/LIG category, it is mandatory to have a woman as a owner/co-owner of the property
**This should be the first pucca house of the applicants

  • Effective Interest Rate
    6.88 %


  • You may save

    on your Home Loan, under PMAY! Subsidy Category - MIG-I

  • Net Reduction in EMI

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PMAY Subsidy Calculator

PMAY calculator is a general self-help planning tool. The results depend on many factors, including the information you provide. Please note that the PMAY calculator has been created to give you an approximate understanding and should not be considered as absolute.
Other than the PMAY service, Indiabulls Home Loans also provides instant home loans to all customers. We offer home loans tailored to suit your needs, competitive interest rates, and guide you through the entire home loan process. If you wish to avail a regular home loan, click here to calculate your EMIs.

Know more about PMAY home loans
PMAY Subsidy Calculator


  • Here’s how you can calculate your PMAY eligibility

    Step 1: Drag or enter your annual income in the calculator. The minimum and maximum annual income range is between Rs 50,000 and Rs 18 lakh. Similarly, choose the home loan amount between Rs 50,000 to Rs 3 crore; the interest rate between 5 percent and 25 percent; and loan tenure between 3 and 30 years.
    Step 2: Scroll down to receive the automatically calculated information on the amount that you will save, the effective interest rate, and the net reduction in EMI.
    Step 3: The final step: apply for a loan under PMAY with Indiabulls Home Loans!

  • How are low-income, middle-income groups classified?

    • If your annual income falls below Rs 6,00,000, then you fall under economic weaker section of society i.e. low-income group and can get a subsidy of around 2.67 lakh
    • Middle income groups (MIGs - I) are those who earn between Rs 6,00,000 and Rs 11,99,999 per annum. Those who avail of the PMAY scheme can save up to Rs 2.3 lakh on their home loan under PMAY.
    • The second middle income group (MIG-II) fall under those earning between Rs 12 lakh and Rs 18 lakh per annum. These individuals can save up to Rs 2.30 lakh on their home loan under PMAY