🧶 Solapur 📍 Maharashtra HRA tiernon-metro Updated2026-05-17

Solapur Home Loan EMI Calculator 🧶

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Quick answer (Solapur)

Typical Solapur home loan: ₹28.00 L at 8.75% over 20 years = ₹24,744/month EMI. Total interest ₹31.39 L. Maharashtra stamp duty: 6% + 1% registration = ~₹1.96 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.

🧶 Solapur home loan landscape

Home loans in Solapur.

Typical ticket

₹28.00 L

mid-segment 2026

Typical rate

8.75%

prime borrower repo-linked

Stamp duty

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

Market overview

Solapur residential pricing runs Rs 4,000-6,500 per sq ft for ready apartments along Hotgi Road and Vijapur Road, with newer 2BHKs in Jule Solapur trading at the higher end. The corridor between Saat Rasta and Akkalkot Road draws textile mill workers and MIDC employees, while plot-based development continues at Kumbhari and Majrewadi. Pricing sits 20-25% below Pune Tier-2 markets but 10-15% above Latur and Akola. Supply is roughly 65% apartments and 35% independent plots/row houses.

What makes Solapur distinct

Solapur is one of India's largest terry towel and bedsheet manufacturing clusters, so a meaningful share of borrowers are textile mill owners, power loom operators and yarn traders with seasonal cash-flow income. The sugar cooperative belt around Bhima and Siddheshwar adds a second self-employed buyer pool whose ITR-based eligibility often needs banker handholding.

🏘️ Top micromarkets

Popular residential zones in Solapur.

Hotgi Road

Vijapur Road

Saat Rasta

Jule Solapur

Akkalkot Road

Majrewadi

Bale

Kumbhari

🏦 Top lenders

Banks dominating Solapur home loans.

SBI: dominant for MIDC salaried borrowers and government employees with NTPC payroll tie-ups

Bank of Maharashtra: home-state bank with strongest presence in textile cooperative and sugar belt lending

HDFC Ltd: preferred for higher-ticket apartments on Hotgi Road and salaried IT/medical professionals

LIC Housing Finance: competitive for self-employed power loom and yarn trader profiles with ITR-based assessment

Bajaj Housing Finance: aggressive on under-construction projects in Vijapur Road and Jule Solapur

Top employers driving pre-approved home loan flows: Solapur Textile Mills, Precision Camshafts, Bhima Sahakari Sakhar Karkhana, NTPC Solapur Super Thermal, Siddheshwar Sahakari Sakhar, Solapur University.

🧮 Worked example

₹28.00 L home loan in Solapur at 8.75% over 20 years

Loan amount

₹28.00 L

Annual interest rate

8.75%

Term

20 years (240 months)

Monthly EMI

₹24,744

Total interest paid

₹31.39 L

Total paid (principal + interest)

₹59.39 L

+ Stamp duty & registration (7%)

₹1.96 L (women: ₹1.68 L)

❓ FAQ

Solapur home loan questions.

What is the EMI on a Rs 28 lakh home loan in Solapur at 8.75% for 20 years? ▾

At 8.75% p.a. over 20 years (240 months), the EMI on Rs 28,00,000 works out to approximately Rs 24,743 per month. Total interest paid across the tenure is around Rs 31.38 lakh, taking the total outflow to roughly Rs 59.38 lakh.

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

Bank of Maharashtra and SBI typically lead at 8.50-8.65% for salaried borrowers with CIBIL 780+, while HDFC and LIC Housing sit at 8.70-8.85%. Self-employed textile and sugar belt borrowers usually see 9.10-9.50% across lenders.

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

Most lenders fund only the registered property value, not the 6% stamp duty + 1% registration (7% total, or 6% effective for women buyers thanks to the 1% Maharashtra women discount). On a Rs 40 lakh property, plan Rs 2.4-2.8 lakh of stamp duty + registration as out-of-pocket, though a top-up loan after registration can refinance it.