2022 is a much-anticipated year! Why? Because not only will India celebrate its 75th year of independence but it is also the year when the Pradhan Mantri Awas Yojana is expected to complete its mission of providing ‘housing for all’ in urban and rural areas. And the way the PMAY scheme aims to achieve this target is by providing home loans at subsidised rates of interest.
Do you also want to avail a home loan under PMAY? Calculate your subsidy amount using a secure online tool – PMAY subsidy calculator.
What Is a PMAY Subsidy Calculator?
Also known as a home loan subsidy calculator, the PMAY calculator is a useful online self-help tool for calculating the amount of subsidy you are eligible to avail under the Pradhan Mantri Awas Yojana, depending upon the PMAY list of beneficiary categories.
Benefits of a PMAY Subsidy Calculator
Here is why you should use an online PMAY subsidy calculator –
Manual calculation of PMAY subsidy, though possible, is a long and tedious process. The PMAY calculator, on the other hand, is lightning fast and displays results automatically within seconds.
Another major drawback of manual calculation of PMAY subsidy is its susceptibility to fallacy. And when you commit errors, you will need to start the tedious process all over again. A Pradhan Mantri Awas Yojana subsidy calculator will eliminate such hassles since it will give you accurate results every single time.
Easy to use
A PMAY subsidy calculator is exceptionally user-friendly. All you need to do is provide three numeric inputs – annual household income, tenure, and loan amount. Once you have inputted said values the calculator will automatically reveal your home loan subsidy amount and the category under which you are eligible for such subsidy.
Free of charge
A PM Awas Yojana subsidy calculator is a free online tool. Though indeed, you need not pay a penny even for manual calculation, it does come at the price of precious time and sometimes, wasted efforts.
You may need to enter some very personal figures as inputs for the Pradhan Mantri Awas Yojana online calculator for subsidy. Yet, you have nothing to worry about as your identity will remain anonymous.
How to Use a PMAY Subsidy Calculator?
To use a PM Awas Yojana subsidy calculator, you need to enter your annual family income, tenure, and loan amount in their respective slots. You can choose to manually enter each figure by using the ‘+’ and ‘-‘ symbols to increase or decrease the values. Or, you can even use the sliders to adjust the values depending upon the PMAY calculator on your lender’s website.
Once entered, the calculator will, automatically and within seconds, display your Pradhan Mantri Awas Yojana subsidy amount and the category under which you can avail the PMAY scheme.
Do you meet the Pradhan Mantri Awas Yojana eligibility and would like to avail the subsidy? If yes, then apply with India’s leading lending institution – Tata Capital! You can fill in your PMAY form online and avail our hassle-free Prapti home loan solutions. But, if you’re unsure about your PMAY eligibility, check it online using our PMAY subsidy calculator.