🚂 Kharagpur 📍 West Bengal HRA tiernon-metro Updated2026-05-17

Kharagpur Home Loan EMI Calculator 🚂

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Quick answer (Kharagpur)

Typical Kharagpur home loan: ₹26.00 L at 8.75% over 20 years = ₹22,976/month EMI. Total interest ₹29.14 L. West Bengal stamp duty: 6% + 1% registration = ~₹1.82 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.

🚂 Kharagpur home loan landscape

Home loans in Kharagpur.

Typical ticket

₹26.00 L

mid-segment 2026

Typical rate

8.75%

prime borrower repo-linked

Stamp duty

6% duty + 1% reg (1% women off)

Market overview

Kharagpur property prices range Rs 4,500-8,500 per sq ft, with IIT Campus periphery, Hijli, and Inda leading premium pricing. South Eastern Railway HQ provides 12,000+ stable salaried buyers. Tata Metaliks and Tata Bearings drive private-sector demand. New Settlement is the premium IIT faculty residential corridor. Supply mix is balanced 50/50 between plotted and builder floors.

What makes Kharagpur distinct

Kharagpur has the world's longest railway platform (1.07 km) and houses South Eastern Railway HQ, making it India's deepest single-city railway-employee mortgage market. IIT Kharagpur is the oldest IIT (1951) with the largest campus footprint, anchoring a 60+ year-old faculty resale cycle uniquely deep among Indian tier-3 cities.

🏘️ Top micromarkets

Popular residential zones in Kharagpur.

IIT Campus

Hijli

Inda

Gole Bazar

New Settlement

Railway Quarters

Talbagicha

Salua

🏦 Top lenders

Banks dominating Kharagpur home loans.

SBI Kharagpur: corporate scheme for IIT Kharagpur faculty and SER employees

HDFC Bank: fastest TAT for Tata Metaliks and Tata Bearings salaried

PNB: lowest rates for railway division civilians

BoB: best for women buyers in New Settlement and IIT periphery

Top employers driving pre-approved home loan flows: IIT Kharagpur, South Eastern Railway HQ, Tata Metaliks Kharagpur, Tata Bearings Kharagpur, Kharagpur Cantonment (Salua), Indian Army Eastern Command (commuter).

🧮 Worked example

₹26.00 L home loan in Kharagpur at 8.75% over 20 years

Loan amount

₹26.00 L

Annual interest rate

8.75%

Term

20 years (240 months)

Monthly EMI

₹22,976

Total interest paid

₹29.14 L

Total paid (principal + interest)

₹55.14 L

+ Stamp duty & registration (7%)

₹1.82 L (women: ₹1.56 L)

❓ FAQ

Kharagpur home loan questions.

EMI on Rs 26 lakh home loan in Kharagpur at 8.75% for 20 years? ▾

Monthly EMI works out to Rs 22,972. Total interest over 20 years is Rs 29,13,280, total payback Rs 55,13,280. IIT faculty and SER divisional officers dominate this loan slab.

Lowest home loan rate in Kharagpur? ▾

SBI offers 8.50% for IIT Kharagpur women faculty, HDFC quotes 8.60% for Tata Metaliks corporate salaried, BoB matches 8.55% for women SER employees, PNB lists 8.55% for railway divisional staff.

Stamp duty math for a Rs 45 lakh Kharagpur property? ▾

WB levies 6% stamp duty (Rs 2,70,000) + 1% registration (Rs 45,000) = Rs 3,15,000 total. Women buyers pay 5% (Rs 2,25,000) + 1% (Rs 45,000) = Rs 2,70,000, saving Rs 45,000.