The subsidy once released will be directly credited to the borrower’s home loan account and adjusted against the principal loan amount of the borrower. Hence the outstanding principal of loan will get reduced, resulting in a reduced Equated Monthly Instalment (EMI). This calculator helps you in calculating how much you can save on your home loan under Pradhan Mantri Awas Yojana (PMAY).
A PMAY Calculator is an online tool which helps you to calculate the discount that you will be able to gain on your home loan under the Pradhan Mantri Awas Yojana. Learning to use the Indiabulls PMAY Calculator is easy!
In order to use the PMAY loan calculator, please follow these 3 simple steps:
Step 1: Drag or enter your Annual Income in the calculator above. The minimum and maximum Annual Income range is between Rs. 50k to Rs. 18 lakhs. Similarly, choose the Home Loan Amount between Rs. 50k to Rs. 3 Cr; the Interest Rate between 5-25%; and Loan Tenure between 3 years-30 years for yourself.
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 LOAN under PMAY with Indiabulls Home Loans!
PMAY calculator is a general self-help planning tool. The results are dependent on many factors, including the assumptions you provide. Please note that the Pradhan Mantri Awas Yojana (PMAY) calculator has been created to give you an approximate understanding and should not be considered as absolute.
Know the list of PMAY documents that are required to apply for a home loan.
The PMAY-CLSS scheme is a boon for people who want to buy their dream home. Everyone should have access and the ability to buy a house which they can call their own. Home loans and subsidy schemes like the Pradhan Mantri Awas Yojna come in handy when your budget is constrained. Indiabulls Housing Finance Limited welcomes such initiatives. We proudly provide this scheme to our customers and help them make their dream a reality. We have simplified the process and have provided you with all the required information above. It is easy to apply for a home loan under the PMAY-CLSS scheme.
Other than the PMAY service, we also provide instant home loans. This is different from the PMAY scheme. Indiabulls Housing Finance Limited provides you guidance through the complete home loan process. We offer you competitive interest rates which give you maximum benefits. The home loans are tailored to suit your needs. If you wish to avail a regular home loan then you can calculate your EMIs on the link below.