PM Awas Yojana (PMAY-Urban & Gramin) Housing Subsidy Calculator

Calculate direct home loan interest subsidy credited upfront to your loan principal under Pradhan Mantri Awas Yojana (PMAY-Urban 2.0 & PMAY-Gramin).

Interactive PM Awas Yojana (PMAY-Urban & Gramin) Housing Subsidy Calculator
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Formula & Calculation Methodology

Net Present Value (NPV) calculation of 6.5% interest subsidy on eligible loan amount up to ₹6 Lakhs.

Step-by-Step Worked Example

Income Category: EWS/LIG | Home Loan: ₹15,00,000 | Tenure: 20 Years

  1. Eligible Loan Sizing for Subsidy: ₹6,00,000
  2. Interest Subsidy Rate: 6.5% p.a.
  3. NPV of Subsidy: ₹2,67,280
  4. Direct Principal Reduction: Upfront credit of ₹2,67,280
Result: Direct Principal Credit: ₹2,67,280 | Reduced Monthly EMI

Frequently Asked Questions

How is the PMAY subsidy paid to the borrower?

The subsidy amount is credited directly by the Central Nodal Agency to the beneficiary home loan account, reducing the outstanding principal.

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