🌾 Surendranagar 📍 Gujarat HRA tiernon-metro Updated2026-05-17

Surendranagar Home Loan EMI Calculator 🌾

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Quick answer (Surendranagar)

Typical Surendranagar home loan: ₹19.00 L at 8.8% over 20 years = ₹16,851/month EMI. Total interest ₹21.44 L. Gujarat stamp duty: 4.9% + 1% registration = ~₹1.12 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.

🌾 Surendranagar home loan landscape

Home loans in Surendranagar.

Typical ticket

₹19.00 L

mid-segment 2026

Typical rate

8.8%

prime borrower repo-linked

Stamp duty

5.9%

4.9% duty + 1% reg

Market overview

Surendranagar pricing sits at Rs 2,800-4,500 per sq ft in Wadhwan and Dudhrej Road, with GIDC fringe plots cheaper. Buyer pool skews to cotton ginners, APMC traders and salaried staff commuting to Ahmedabad on NH-47 (90 minutes). Supply is dominated by 2BHK low-rise builder floors; very few high-rise launches.

What makes Surendranagar distinct

Surendranagar is the cotton-ginning capital of Saurashtra — APMC turnover and ginning-mill cashflows drive a uniquely seasonal home-buying cycle (post-Diwali peak). The Ahmedabad-Rajkot expressway has pulled investor demand into Wadhwan plots, and Gujarat's flat 4.9%+1% stamp duty with no women discount keeps the math simple.

🏘️ Top micromarkets

Popular residential zones in Surendranagar.

Wadhwan

Joravarnagar

Ratanpar

Char Rasta

Surendranagar Dudhrej Road

Chamanpura

Milan Park

GIDC Surendranagar

🏦 Top lenders

Banks dominating Surendranagar home loans.

SBI: dominant for APMC traders and salaried, 8.50% floor for CIBIL 800+

Bank of Baroda: home turf Gujarat lender, strong in Wadhwan branch network

HDFC Ltd: pre-approved for Reliance/Aditya Birla corridor employees

LIC Housing Finance: flexible income proof for ginning-mill self-employed

Top employers driving pre-approved home loan flows: Surendranagar Cotton Ginning Cluster, Shree Digvijay Cement Works, GIDC Surendranagar SMEs, Birla Cellulosic (Aditya Birla Group nearby Kharach), Maral Overseas (cotton textiles), APMC Surendranagar (peanut/cotton mandi).

🧮 Worked example

₹19.00 L home loan in Surendranagar at 8.8% over 20 years

Loan amount

₹19.00 L

Annual interest rate

8.8%

Term

20 years (240 months)

Monthly EMI

₹16,851

Total interest paid

₹21.44 L

Total paid (principal + interest)

₹40.44 L

+ Stamp duty & registration (5.9%)

₹1.12 L

❓ FAQ

Surendranagar home loan questions.

EMI on Rs 19 lakh home loan in Surendranagar at 8.80% for 20 years? ▾

EMI works out to approximately Rs 16,855 per month. Total interest over 20 years is about Rs 21.45 lakh, and total payment Rs 40.45 lakh. Use Calctube's mortgage calculator to test 15-year vs 20-year for the same loan.

Which bank gives the lowest home loan rate in Surendranagar? ▾

SBI and Bank of Baroda both quote 8.50% floor for salaried borrowers with CIBIL above 800; HDFC matches 8.55% for pre-approved corporate employees. LIC HFC runs 8.85-9.10% but accepts ginning-mill ITRs more flexibly.

How does Gujarat stamp duty math work for a Rs 30 lakh flat in Surendranagar? ▾

Stamp duty is 4.9% (Rs 1,47,000) plus 1% registration (Rs 30,000) = Rs 1,77,000 total. Gujarat does not offer a women stamp duty discount, so the math is the same regardless of buyer gender.