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Calculate PMAY interest subsidy, reduced EMI, and check your eligibility category
Max subsidy loan: ₹6 Lakh
Subsidy Amount
₹2,67,000
Original EMI
₹5,207
Reduced EMI
₹2,890
Monthly Savings
₹2,317
EWS/LIG
Subsidy rate: 6.5%
₹6,00,000
Loan amount above this gets no subsidy
₹5,56,080
Over the entire loan tenure
Pradhan Mantri Awas Yojana (PMAY) is a government initiative aimed at providing affordable housing to all by 2022. Under the Credit Linked Subsidy Scheme (CLSS), eligible beneficiaries receive interest subsidy on home loans, significantly reducing their EMI burden.
Income ≤ ₹3 Lakh | 6.5% subsidy up to ₹6L loan
Income ₹3-6 Lakh | 6.5% subsidy up to ₹6L loan
Income ₹6-12 Lakh | 4% subsidy up to ₹9L loan
Income ₹12-18 Lakh | 3% subsidy up to ₹12L loan
Mandatory co-ownership for EWS/LIG
EWS: 30 sq.m, LIG: 60 sq.m, MIG-I: 160 sq.m, MIG-II: 200 sq.m
The beneficiary family must not own a pucca house in any part of India. A beneficiary family comprises husband, wife, and unmarried children.
The scheme is exclusively for first-time home buyers. You cannot claim PMAY subsidy if you or any family member has previously availed of a central housing subsidy.
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