Pradhan Mantri Awas Yojana Subsidy Calculator
Pradhan Mantri Awas Yojana Subsidy Calculator
Is this your First pucca House?
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Subsidy Category
MIG-IIMiddle Income Group (MIG) -
Subsidy Amount
2,30,156
The Pradhan Mantri Awas Yojana (PMAY) is an Indian home loan scheme launched by the government to encourage homeownership. It provides a line of credit to those who don’t own a pucca house and want to build one.
What is a PMAY Subsidy Calculator?
An online PMAY Subsidy Calculator is a home loan subsidy calculator that can help you estimate the interest subsidy you are eligible for on a home loan. You need the loan amount and the loan duration to calculate your subsidy. Poonawalla Fincorp’s online PMAY subsidy calculator is one of the best tools available to help you estimate your interest subsidy.
Eligibility for PMAY
- The borrower should not already own a pucca house in their name or any family member’s name in any part of India.
- In the case of a joint application by spouses, only a single subsidy will be provided.
- The borrower or their family members should not have an existing housing scheme assistance from the government or any benefit under PMAY.
- If you are married, you can take the benefit of joint ownership.
What Are the Categories Under PMAY?
There are three categories to choose under the PMAY scheme:
| CATEGORY | INCOME | CARPET AREA | MAXIMUM SUBSIDY | VALIDITY OF SCHEME |
| EWS AND LIG | >= ₹6 lakh | EWS – 30 sq.m LIG – 60 sq.m |
₹2.67 lakh | 31st March, 2022 |
| MIG I | ₹6 lakh- ₹12 lakh | 160 sq.m | ₹2.35 lakh | 31st March, 2021 |
| MIG II | ₹12 lakh- ₹18 lakh | 200 sq.m | ₹2.30 lakh | 31st March, 2021 |
How To Use The PMAY Subsidy Calculator
- Step 1: Visit the calculator webpage and choose ‘Subsidy Calculator’
- Step 2: Enter the following details:
- Annual family income
- Home loan amount
- Tenure
- Carpet area
- Step 3: Choose either ‘Yes’ or ‘No’ for the question, ‘Is this your first pucca house?’
- Step 4: View the results on the right side of the page under sections, ‘Subsidy Category’ and ‘Subsidy Amount’
Why Choose Poonawalla Fincorp’s, Online PMAY Subsidy Calculator?
Poonawalla Fincorp’s Calculator Home Loan Subsidy Online is:
- Accurate
- Quick and efficient
- Easy to use
