🧵 Patan 📍 Gujarat HRA tiernon-metro Updated2026-05-17

Patan Home Loan EMI Calculator 🧵

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Quick answer (Patan)

Typical Patan home loan: ₹18.00 L at 8.85% over 20 years = ₹16,022/month EMI. Total interest ₹20.45 L. Gujarat stamp duty: 4.9% + 1% registration = ~₹1.06 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.

🧵 Patan home loan landscape

Home loans in Patan.

Typical ticket

₹18.00 L

mid-segment 2026

Typical rate

8.85%

prime borrower repo-linked

Stamp duty

5.9%

4.9% duty + 1% reg

Market overview

Patan rates sit at Rs 2,600-4,400 per sq ft with university-area Hemchandracharya Road commanding student-rental premium. Buyer pool is university faculty, government servants, patola-weaving families and Mehsana/Ahmedabad commuters on NH-68. Supply is 2BHK independent floors with very few apartment projects.

What makes Patan distinct

Patan is the only Indian city where double-ikat Patola silk is still woven, a UNESCO-recognised craft concentrated in two Salvi families. Combined with the Rani ki Vav UNESCO stepwell and Hemchandracharya University, Patan has heritage-tourism and student-rental dynamics rare for tier-3 Gujarat.

🏘️ Top micromarkets

Popular residential zones in Patan.

Rani ki Vav area

Hemchandracharya University Road

Patan Civil Lines

Salvi Vado (Patola weavers)

Sidhpur Road

Mehsana Road Patan

GIDC Patan

Station Road

🏦 Top lenders

Banks dominating Patan home loans.

SBI: dominant for university faculty and government servants, 8.55% floor

Bank of Baroda: strong Mehsana-Patan corridor branch network

HDFC Ltd: pre-approved for Cadila and Adani corporate tie-ups

Mehsana Urban Co-op Bank: hyper-local relationship lender for trader files

Top employers driving pre-approved home loan flows: Hemchandracharya North Gujarat University, Patan Patola Heritage (Salvi family weavers), GIDC Patan SMEs, Sabar Dairy collection, Banas Dairy (Banaskantha), Mehsana Urban Co-operative Bank.

🧮 Worked example

₹18.00 L home loan in Patan at 8.85% over 20 years

Loan amount

₹18.00 L

Annual interest rate

8.85%

Term

20 years (240 months)

Monthly EMI

₹16,022

Total interest paid

₹20.45 L

Total paid (principal + interest)

₹38.45 L

+ Stamp duty & registration (5.9%)

₹1.06 L

❓ FAQ

Patan home loan questions.

EMI on Rs 18 lakh home loan in Patan at 8.85% for 20 years? ▾

EMI is approximately Rs 16,021 per month. Total interest paid is Rs 20.45 lakh over 20 years; total outflow Rs 38.45 lakh. University faculty often prefer 15-year tenure aligned with retirement, pushing EMI to Rs 19,003.

Which bank offers lowest rate in Patan? ▾

SBI quotes 8.55% for Hemchandracharya University faculty and Gujarat government servants. Bank of Baroda matches 8.60% for salaried with CIBIL 780+. HDFC offers 8.65% pre-approved for Cadila Healthcare staff in Mehsana corridor.

Stamp duty math for Rs 28 lakh house in Patan? ▾

Gujarat charges 4.9% stamp duty (Rs 1,37,200) plus 1% registration (Rs 28,000) = Rs 1,65,200. Gujarat has no women stamp duty concession, unlike neighbouring Rajasthan or Maharashtra.

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