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Homechevron_rightHome Loan Subsidy Calculator

Home Loan Subsidy Calculator

Check whether you qualify for a government home loan interest subsidy — and if you don't, see exactly which condition you failed.

Your household

Combined income of all earning family members, as defined by the scheme.

% p.a.

Your actual or expected loan rate — used to compute how much the subsidy is worth.

years

Subsidy value is calculated against a reference tenure, capped at your actual tenure if shorter.

Your property
sq m
Property type
Location
I'm a first-time home buyer
I already own a pucca house
Eligibility check
6 of 6 passed
check
Income within a supported slabPassed
LIG slab (₹3,00,001 – ₹6,00,000)
check
First-time home buyerPassed
Confirmed
check
No existing pucca housePassed
Confirmed
check
Carpet area within limitPassed
55 sq m vs a 60 sq m cap for LIG
check
Eligible property typePassed
New purchase/construction
check
Eligible locationPassed
Urban

Checked against PMAY-U 2.0 — Interest Subsidy Scheme.

Estimated subsidy₹2,41,367Credited upfront to reduce your loan principal
Income slab
LIG
Max possible subsidy
₹2,67,280
Eligible loan amount considered
₹6,00,000 (capped)
Full-rate EMI (on eligible loan)₹5,207
Reduced-rate EMI₹3,035
Estimated subsidy (NPV)₹2,41,367

Subsidy is calculated on the first ₹6,00,000 of your loan only.

Ready to Apply for a Home Loan?

Compare personalized offers from 50+ banks and NBFCs based on your income and credit profile.

Now that you know your subsidy eligibility, the next step is finding the right lender — a subsidy is credited upfront, but your ongoing EMI still depends on the rate you get.

Ambak compares real home loan offers from 50+ banks and NBFCs in real time, so you don't have to visit each lender separately or negotiate on your own.

Many lenders process PMAY-linked subsidy claims as part of your loan application — choosing the right one can make the difference between a smooth credit and a delayed one. Compare your options below.

Ambak home loan expert

Ambak's home buying advisor guide you from first question to final approval

Talk to a real advisor on WhatsApp or by phone. No sales pressure, just straight answers on your home loan queries

Ambak home loan expert

Frequently Asked Questions

Common questions about the PMAY-U interest subsidy and how this calculator works.

What government subsidy does this calculator check?
It models PMAY-U 2.0's Interest Subsidy Scheme structure — income slabs, area caps, and subsidy rates are illustrative and modelled on the shape of the erstwhile CLSS scheme. Always confirm current parameters against the official notification before relying on this for a real application.
Why did I fail eligibility on only some conditions?
We run all 6 eligibility checks independently and show you exactly which passed and which failed, with a plain-language reason for each failure — never just a bare "Not Eligible."
My loan amount is much higher than the subsidy's loan cap — do I still qualify?
Yes — the loan cap only limits how much of your loan the subsidy is calculated on, not your overall eligibility. You'll still qualify and receive a subsidy calculated on the first ₹X of your loan.
How is the subsidy amount paid out?
It's modelled as an upfront credit to your loan account that reduces your principal — not a recurring monthly reduction you receive directly. It's applied once, at disbursal.

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