🪡 Bhuj 📍 Gujarat HRA tiernon-metro Updated2026-05-17

Bhuj Home Loan EMI Calculator 🪡

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Quick answer (Bhuj)

Typical Bhuj home loan: ₹24.00 L at 8.8% over 20 years = ₹21,286/month EMI. Total interest ₹27.09 L. Gujarat stamp duty: 4.9% + 1% registration = ~₹1.42 L extra.

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Mortgage Calculator

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$2,496

PITI

Principal + Interest

$1,996

58% goes to interest

Total Interest

$418,527

over 30 years

Monthly Breakdown

Principal & Interest$1,996

Property Tax (1.1%/yr)$344

Homeowner's Insurance (0.5%/yr)$156

Total Monthly$2,496

Principal vs Interest Split

42% principal

58% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

🪡 Bhuj home loan landscape

Home loans in Bhuj.

Typical ticket

₹24.00 L

mid-segment 2026

Typical rate

8.8%

prime borrower repo-linked

Stamp duty

5.9%

4.9% duty + 1% reg

Market overview

Bhuj apartment pricing ranges Rs 3,800-5,800 per sq ft with Mirzapar Road and Vijaynagar anchoring premium post-quake reconstruction supply and Mundra-corridor zones (Anjar, Madhapar) commanding port-economy premiums. The Adani Mundra and Welspun Anjar industrial corridor pulls significant management housing demand. Pricing sits 20-25% below Rajkot and aligned with Jamnagar Tier-2 zones. Supply is roughly 50% apartments, 50% bungalow plots typical of Kutch.

What makes Bhuj distinct

Bhuj was rebuilt almost from scratch after the devastating 2001 Kutch earthquake, producing a uniquely young, code-compliant building stock that lenders prefer over comparable Saurashtra cities — most properties are post-2003 construction with proper structural certification. The Mundra Port and Anjar industrial belt plus the global Kutchi diaspora (East Africa, UK, USA) make this one of Gujarat's most NRI-investment-driven housing markets.

🏘️ Top micromarkets

Popular residential zones in Bhuj.

Mirzapar Road

Ramkund

Bhuj-Mandvi Road

Vijaynagar

GIDC Bhuj

Madhapar

Airport Road

Hospital Road

🏦 Top lenders

Banks dominating Bhuj home loans.

State Bank of India: dominant for IAF, Army cantonment and government employee salary tie-ups

HDFC Ltd: preferred for Adani Mundra and Welspun corporate management borrowers

ICICI Bank: aggressive on NRI Kutchi diaspora investment loans from UK/East Africa

Bank of Baroda: home-state PSU strong on Mirzapar Road resident salaried files

Kutch DCC Bank: relationship lender for Kutchi trader and craft cooperative segment

Top employers driving pre-approved home loan flows: Kutch District Cooperative Bank, Adani Mundra Port and Special Economic Zone vendor base, Welspun Anjar (Welspun India textile city), Tata Chemicals Mithapur supply network, Jaypee Cement Sevagram unit, Sandesara Group (Sterling) chemical vendors.

🧮 Worked example

₹24.00 L home loan in Bhuj at 8.8% over 20 years

Loan amount

₹24.00 L

Annual interest rate

8.8%

Term

20 years (240 months)

Monthly EMI

₹21,286

Total interest paid

₹27.09 L

Total paid (principal + interest)

₹51.09 L

+ Stamp duty & registration (5.9%)

₹1.42 L

❓ FAQ

Bhuj home loan questions.

What is the EMI on a Rs 24 lakh home loan in Bhuj at 8.80% for 20 years? ▾

At 8.80% p.a. over 20 years, the EMI on Rs 24,00,000 comes to approximately Rs 21,283 per month. Total interest is around Rs 27.08 lakh, making the total outflow roughly Rs 51.08 lakh.

Which bank offers the lowest home loan rate in Bhuj? ▾

SBI typically leads at 8.50-8.60% for defense and government employees. HDFC and ICICI sit at 8.55-8.75% for NRI Kutchi and Adani/Welspun corporate files, Bank of Baroda offers 8.55-8.70% for resident salaried, and LIC Housing covers self-employed trader files at 8.85-9.35%.

Can I include stamp duty in my Bhuj home loan? ▾

No, Gujarat's 4.9% stamp + 1% registration (5.9% total, no women discount) is paid upfront. On a Rs 32 lakh Mirzapar Road apartment, that's Rs 1.89 lakh out of pocket. NRI Kutchi buyers typically pre-fund via NRE accounts before agreement registration; defense buyers can tap AGIF advances.