PMAY Home Loan Subsidy Estimator
Estimate your interest subsidy under the PMAY Credit Linked Subsidy Scheme (CLSS) based on your household income, loan amount, and tenure.
- Free to use
- No registration required
- Works on all devices
- Last updated
- 24-09-2026
Your result
₹3,56,013.28
Estimated subsidy amount
AI explanation
Formula
Subsidy = NPV, at a 9% discount rate over a 20-year notional tenure, of (eligible loan amount × subsidy rate) per yearWorked example
₹5L income, ₹8L loan, 20-year tenure
| Field | Value |
|---|---|
| Annual household income | ₹5,00,000 |
| Home loan amount | ₹8,00,000 |
| Loan tenure (years) | 20 |
| Income category | EWS |
| Subsidy interest rate | 6.5 |
| Eligible loan amount for subsidy | ₹6,00,000 |
| Estimated subsidy amount | ₹3,56,013.28 |
| Effective loan amount after subsidy | ₹4,43,986.72 |
- Income of ₹5,00,000 falls in the first slab (up to ₹6,00,000): subsidy rate 6.5% on a loan of up to ₹6,00,000.
- Eligible loan amount = the lower of ₹8,00,000 and the ₹6,00,000 cap = ₹6,00,000.
- Yearly interest saving = ₹6,00,000 × 6.5% = ₹39,000.
- Present value of ₹39,000 a year for 20 years, discounted at 9% a year = ₹3,56,013.28.
- Effective loan amount = ₹8,00,000 − ₹3,56,013.28 = ₹4,43,986.72.
Only the first ₹6,00,000 of the loan attracts the subsidy; the remaining ₹2,00,000 is borrowed at the lender's normal rate.
Assumptions and limitations
This calculator assumes
- Income slabs and subsidy rates follow the PMAY Credit Linked Subsidy Scheme (CLSS) — EWS/LIG (up to ₹6L/year) at 6.5% on loans up to ₹6L, MIG-I (₹6-12L) at 4% on loans up to ₹9L, and MIG-II (₹12-18L) at 3% on loans up to ₹12L.
- The subsidy is disbursed as an upfront present-value lump sum, computed at a 9% discount rate over a notional 20-year tenure (capped at your actual loan tenure if shorter).
- MIG-I/II slabs reflect the original CLSS window (closed for fresh disbursals since March 2021); EWS/LIG continues under PMAY-Urban 2.0 — verify current scheme status before relying on this estimate.
What it does not account for
- Models the original PMAY Credit Linked Subsidy Scheme slabs only; it does not calculate benefits under any later version of the scheme.
- Checks income only; it does not check the scheme's other eligibility conditions on the property or the applicant, which are set out in the official guidelines.
- The actual subsidy is calculated by the Central Nodal Agency and credited through your lender; this estimate can differ from that figure.
Frequently asked questions
How is the PMAY subsidy amount calculated?
As the net present value of the interest you'd save over a notional 20-year tenure at the slab's subsidy rate, discounted at 9% per annum — not simply the rate multiplied by the loan amount and years.
Is the PMAY CLSS scheme still active?
The MIG-I/MIG-II subsidy windows closed for new disbursals after March 2021. The EWS/LIG segment continues to receive support under PMAY-Urban 2.0 — check the current scheme status on pmaymis.gov.in before applying.
Is the subsidy paid to me directly?
No — it's credited upfront to your home loan account by the lending institution, reducing your effective loan amount (and hence your EMI), after your bank submits your application to the Central Nodal Agency.
Related calculators
Sources
- Pradhan Mantri Awas Yojana — Credit Linked Subsidy Scheme guidelines — Ministry of Housing and Urban Affairs, Government of India. Effective 25-06-2015, checked 13-09-2026.
This is a simplified estimate for illustration only. Actual PMAY CLSS subsidy amounts are computed by the Central Nodal Agency using NHB's official calculator and depend on scheme status, exact income verification, and lender processing — verify with your lender and pmaymis.gov.in before relying on this figure.
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