🕊️ Wardha 📍 Maharashtra HRA tiernon-metro Updated2026-05-17

Wardha Home Loan EMI Calculator 🕊️

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Quick answer (Wardha)

Typical Wardha home loan: ₹22.00 L at 8.85% over 20 years = ₹19,582/month EMI. Total interest ₹25.00 L. Maharashtra stamp duty: 6% + 1% registration = ~₹1.54 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.

🕊️ Wardha home loan landscape

Home loans in Wardha.

Typical ticket

₹22.00 L

mid-segment 2026

Typical rate

8.85%

prime borrower repo-linked

Stamp duty

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

Market overview

Wardha is a Vidarbha district headquarters anchored by MGIMS Sevagram, the historic Sevagram Ashram, and one of the largest ordnance facilities at Pulgaon. Its location on the Mumbai-Howrah main line and proximity to Nagpur make it a quiet doctor-and-railway-officer housing market. The Datta Meghe medical campus has pushed demand on the Borgaon Meghe belt.

What makes Wardha distinct

Wardha home loans skew heavily toward MGIMS-Sevagram and Datta Meghe medical faculty, plus Ordnance Factory Pulgaon defence-civilian staff. Lenders prioritise hospital-corporate salary tie-ups and treat ashram-area plots with extra scrutiny because of trust-land overlays.

🏘️ Top micromarkets

Popular residential zones in Wardha.

Civil Lines

Sevagram

Bajaj Wadi

Borgaon Meghe

Pulgaon Road

Arvi Naka

MIDC Wardha

Ramnagar

Mahatma Gandhi Avenue

🏦 Top lenders

Banks dominating Wardha home loans.

SBI Wardha: MGIMS faculty corporate tie-up

Bank of Maharashtra Wardha: strongest local underwriting

HDFC Wardha: best for Datta Meghe and private-sector files

LIC HFL Nagpur (serving Wardha): pragmatic on Pulgaon defence files

Top employers driving pre-approved home loan flows: Mahatma Gandhi Institute of Medical Sciences (MGIMS) Sevagram, Datta Meghe Institute of Higher Education, Bajaj Steel Industries Wardha, Indian Railways Wardha Junction, Central Railway Wardha Division, Ordnance Factory Pulgaon.

🧮 Worked example

₹22.00 L home loan in Wardha at 8.85% over 20 years

Loan amount

₹22.00 L

Annual interest rate

8.85%

Term

20 years (240 months)

Monthly EMI

₹19,582

Total interest paid

₹25.00 L

Total paid (principal + interest)

₹47.00 L

+ Stamp duty & registration (7%)

₹1.54 L (women: ₹1.32 L)

❓ FAQ

Wardha home loan questions.

EMI on Rs 22 lakh home loan in Wardha at 8.85% for 20 years? ▾

EMI works out to approximately Rs 19,562 per month. Total interest over 240 months is around Rs 24.95 lakh, so total repayment reaches about Rs 46.95 lakh on a Rs 22 lakh principal.

Lowest home loan rate available in Wardha? ▾

SBI and Bank of Maharashtra quote from 8.50% for women MGIMS faculty and defence-civilian staff; private files typically clear at 8.80-9.10%.

Stamp duty math on a Rs 25 lakh Wardha property? ▾

Male buyer pays 6% stamp duty (Rs 1,50,000) plus 1% registration (Rs 25,000) = Rs 1,75,000. Woman buyer pays 5% + 1% = Rs 1,50,000, saving Rs 25,000 under Maharashtra women rebate.