📚 Latur 📍 Maharashtra HRA tiernon-metro Updated2026-05-17

Latur Home Loan EMI Calculator 📚

⚡

Quick answer (Latur)

Typical Latur home loan: ₹20.00 L at 8.85% over 20 years = ₹17,802/month EMI. Total interest ₹22.72 L. Maharashtra stamp duty: 6% + 1% registration = ~₹1.40 L extra.

🏠

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.

📚 Latur home loan landscape

Home loans in Latur.

Typical ticket

₹20.00 L

mid-segment 2026

Typical rate

8.85%

prime borrower repo-linked

Stamp duty

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

Market overview

Latur apartment pricing ranges Rs 3,200-5,200 per sq ft with the post-2002 reconstruction zones now mature and absorbed. Ausa Road and Barshi Road host the bulk of new 2BHK supply, while MIDC Latur draws industrial worker housing demand. Pricing is broadly aligned with Nanded and 10-15% below Aurangabad. Supply is roughly 60% apartments and 40% independent plots, with strong demand from the city's famous JEE/NEET coaching belt families.

What makes Latur distinct

Latur is Maharashtra's premier medical and engineering coaching town (the "Latur Pattern"), so a meaningful borrower segment is doctors, coaching institute owners and education entrepreneurs with strong professional cash flows. The 1993 Killari earthquake reconstruction and 2002-onward urban renewal also left a distinct stock of newer, code-compliant buildings that lenders prefer over older Marathwada properties.

🏘️ Top micromarkets

Popular residential zones in Latur.

Ausa Road

Barshi Road

MIDC Latur

Vivekanand Chowk

Nanded Road

Hanuman Nagar

Shivaji Nagar

Gandhi Chowk

🏦 Top lenders

Banks dominating Latur home loans.

Bank of Maharashtra: largest branch network and preferred by GMC Latur and government school staff

SBI: strongest for central government and PSU employee payroll borrowers

Latur DCC Bank: relationship-based lending for sugar cooperative and APMC trader segments

HDFC Ltd: competitive for doctor and coaching institute professional loans on Ausa Road

LIC Housing Finance: aggressive for self-employed ITR-based files with 3-year track record

Top employers driving pre-approved home loan flows: Latur District Central Cooperative Bank, Manjara Sahakari Sakhar Karkhana, Vilasrao Deshmukh Foundation, Government Medical College Latur, Rajarshi Shahu Mahavidyalaya, Dayanand Education Society.

🧮 Worked example

₹20.00 L home loan in Latur at 8.85% over 20 years

Loan amount

₹20.00 L

Annual interest rate

8.85%

Term

20 years (240 months)

Monthly EMI

₹17,802

Total interest paid

₹22.72 L

Total paid (principal + interest)

₹42.72 L

+ Stamp duty & registration (7%)

₹1.40 L (women: ₹1.20 L)

❓ FAQ

Latur home loan questions.

What is the EMI on a Rs 20 lakh home loan in Latur at 8.85% for 20 years? ▾

At 8.85% p.a. over 20 years, the EMI on Rs 20,00,000 comes to approximately Rs 17,789 per month. Total interest paid is around Rs 22.69 lakh, making the total outflow roughly Rs 42.69 lakh.

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

SBI and Bank of Maharashtra typically lead at 8.55-8.70% for salaried government and GMC employees. HDFC offers 8.65-8.80% for doctor professional loan files, while LIC Housing covers self-employed coaching institute owners at 8.85-9.35%.

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

No, the 6% stamp + 1% registration (effective 6% for women buyers) is funded by the borrower upfront. On a Rs 28 lakh apartment, that's about Rs 1.68-1.96 lakh out of pocket. Some borrowers use cooperative bank personal loans bridge this until a post-registration home loan top-up is processed.