PMAY / Home Loan Subsidy Calculator
Check your indicative eligibility and estimate the PMAY-U 2.0 Interest Subsidy benefit based on household income, home value and loan details.
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PMAY-U 2.0 ISS eligibility requires the beneficiary not to own a house anywhere in India, except the one being acquired/constructed.
PMAY-U 2.0 ISS Estimate
Income CategoryLIG
Estimated Subsidy₹1,50,000
Subsidised Loan Portion₹20,00,000
Subsidised Interest Rate4.00%
Indicative Subsidy NPV₹1,50,000
Estimated Effective Loan₹18,50,000
Eligibility Score
| Parameter | Your Input | PMAY-U 2.0 ISS Limit |
|---|---|---|
| Annual household income | Up to ₹9 lakh | |
| Home loan | Up to ₹25 lakh | |
| Property value | Up to ₹35 lakh | |
| Carpet area | Up to 120 sqm | |
| Loan tenure | More than 5 years for max benefit |
How the PMAY-U 2.0 Subsidy Is Estimated
Under the Interest Subsidy Scheme (ISS), eligible households with annual income up to ₹9 lakh can receive a 4% interest subsidy on the first ₹8 lakh of the home loan, for a tenure up to 12 years. The maximum actual subsidy release is ₹1.80 lakh, with a maximum NPV of ₹1.50 lakh. The scheme covers eligible home loans sanctioned and disbursed on or after 1 September 2024.
Calculator estimate: This tool uses a simplified indicative model for the PMAY-U 2.0 ISS benefit. It caps the subsidy calculation at ₹8 lakh and 12 years, then limits the displayed benefit to ₹1.80 lakh. The official subsidy is calculated and released through the scheme's prescribed process.
| Income segment | Annual household income | ISS status |
|---|---|---|
| EWS | Up to ₹3 lakh | Eligible income band |
| LIG | Above ₹3 lakh to ₹6 lakh | Eligible income band |
| MIG | Above ₹6 lakh to ₹9 lakh | Eligible income band |
| Above ₹9 lakh | More than ₹9 lakh | Not eligible under ISS income limit |
Important: This is an indicative calculator, not an official PMAY eligibility decision. Final eligibility is subject to verification by the relevant authorities, Central Nodal Agencies and Primary Lending Institutions. Other scheme conditions may apply. The official PMAY-U 2.0 portal should be used for application and verification.