Home Loan Features
Attractive
Interest Rates
Minimal
Documentation
30 Years of
Tenure
Features and Benefits of our Home Loan
A vast array of institutions offer you the best home loan rates at the most competitive rates and affordable EMIs.
- Home Construction Loan: If you have a plot of land and lack financial support to construct a home on that piece of property, you may choose a house construction loan. Such borrowing is mainly made to construct or repair a major part of your home.
- Home Extension Loan: Should you already own a home, and feel the need to extend the building, add an annexe, or build another floor, etc., Home Extension Loan is your go-to option that finances such needs.
- Home Improvement Loan: All of us wish to improve and upgrade our homes for a better life. From your old-age furniture, fixtures to faulty lightning systems, Home Improvement Loan funds all your plans.
- NRI Home Loan: If you are a patriot, a Non-Resident Indian, and wish to own residential property in India, NRI Home Loan is your answer. Though the formalities for application may be a little different.
- Plot Loan: A plot loan, also known as a land loan or plot purchase loan, is a type of loan provided by banks and NBFCs to individuals or businesses to purchase a plot of land. This loan is specifically designed to assist individuals in purchasing a piece of land for various purposes, such as constructing a house, developing a commercial property, or investing in real estate.
Home Loan Eligibility
The basic home loan eligibility criteria are as follows:
Age :
- You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity
- Salaried Person - 21 years to 58 years
- Self-Employed Person - 25 years to 65 years
Income:
- Salaried Person - Minimum Rs. 10,000 per month
- Self-Employed Person - Minimum Rs. 2,00,000 per year
Employment:
- Salaried Person - Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
- Self-Employed Person - Minimum 3 years of Experience in the current field
Credit Score:
- A credit score of 750 is considered a good score for approval.
Documentation for Home Loan
1. Salaried Individuals
- Pan Card
- Aadhar Card
- Passport size Photograph
- Current Residence Proof
- Income Proof: salary slips of last 3 months
- Office ID Card
- Form 16 for last 2 years
- Latest 6 months bank statement Salary account
- Loan Sanction letter and Loan Statement (If Any Loan is Running).
- Other Documents such as property title, approved plan, etc.
2. Self-Employed Individuals
- Pan Card
- Aadhar Card
- Current Residence Proof
- Passport size Photograph
- Income Proof for business and ITR for last 3 Years (Full Financials)
- Office Address Proof
- GST Certificate
- Last One Year GST Returns
- Last 3 Years 26AS
- Last 12 months bank account statement
- Loan Sanction letter and Loan Statement (If Any Loan is Running)
- Other Documents such as property title, approved plan, etc.
3. Documents Required from all Non-Resident Indians (NRIs) Applicants
- KYC documents
- Copy of passport for all applicants.
- Copy of address proof of both Indian and overseas address of all applicants.
- Copy of visa stamped on the passport/ letter copy. (last visit details to be highlighted)
- Copy of valid work VISA and/or Work Permit
- Copy of Employment Contract
- PIO/OCI card for foreign citizens
- Copy of last 3-6 months’ salary slip.
- Last 6 months NRE/NRO Bank Account statement Bank Statement of the NRE/NRO account for the last 6 month (in India)
- Latest 6 months Bank Statement showing Repayment Track Record of any existing loan/s
- Any other document supporting repayment capacity
- Copy of latest employment contract.
- Bank statement of the overseas bank account for the last 6 months. (salary credits & rent paid to be highlighted)
- CV/ Profile brief of the applicant &/co applicant
- Copy of Latest Income tax return (Form W 2 in US, P60 in UK) if applicable
- Credit Bureau Report
- Processing fee cheque from NRE/NRO account.
- Local contact person’s details (as per the annexure).
- Power of Attorney : If appointing someone as a representative in India
- If the documents are in language other than English an English translation of the same attested by the embassy should be provided.
EMI Calculator
Loan EMI ₹
How to use Wealth Avenue’s EMI Calculator?
Wealth Avenue’s EMI Calculator is easy, intuitive, and instantaneous. Calculate the EMI for your Home Loan, Car loan, Personal Loan, Education Loan, or any other fully amortizing loan using our EMI Calculator.
All you need to do is enter the following information in the EMI Calculator:
- The loan amount you wish to avail (in rupees)
- The term of your loan (in months or years)
- The rate of interest (in percentage)
Use the slider to adjust the values in the EMI Calculator form or enter the values directly in their relevant boxes. Wealth Avenue’s EMI Calculator will re-calculate your EMI accordingly, and present the information in a pie chart depicting the break-up of your total payment. i.e. Total Principal Payable vs. Total Interest Payable.
Home Loan Features
Attractive
Interest Rates
Minimal
Documentation
30 Years of
Tenure
Features and Benefits of our Home Loan
A vast array of institutions offer you the best home loan rates at the most competitive rates and affordable EMIs.
- Home Construction Loan: If you have a plot of land and lack financial support to construct a home on that piece of property, you may choose a house construction loan. Such borrowing is mainly made to construct or repair a major part of your home.
- Home Extension Loan: Should you already own a home, and feel the need to extend the building, add an annexe, or build another floor, etc., Home Extension Loan is your go-to option that finances such needs.
- Home Improvement Loan: All of us wish to improve and upgrade our homes for a better life. From your old-age furniture, fixtures to faulty lightning systems, Home Improvement Loan funds all your plans.
- NRI Home Loan: If you are a patriot, a Non-Resident Indian, and wish to own residential property in India, NRI Home Loan is your answer. Though the formalities for application may be a little different.
Home Loan Eligibility
The basic home loan eligibility criteria are as follows:
Age:
- You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity
- Salaried Person - 21 years to 58 years
- Self-Employed Person - 25 years to 65 years
Income:
- Salaried Person - Minimum Rs. 10,000 per month
- Self-Employed Person - Minimum Rs. 2,00,000 per year
Employment:
- Salaried Person - Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
- Self-Employed Person - Minimum 3 years of Experience in the current field
Credit Score:
- A credit score of 750 is considered a good score for approval.
Documentation for Home Loan
1. Salaried Individuals
- Form 16
- Employee Identity Card
- 3 Months Salary Slip
- 6 Month Bank Account Statement
- Duration of Employment Evidence
2. Self-Employed Individuals
- PAN
- Trade License
- Partnership Deed
- Article of Association
- Memorandum of Association
- 6 Months Bank Account Statement
- Import Export Code
- SEBI Registration Certificate
- ROC Registration Certificate
- Financial Statement Audited by CA
- Profit & Loss Account Statement
- Balance Sheet
- Professional Practice License for Doctors, Consultants, etc
- Registration Certificate of Establishment for Shops, Factories, and Other Establishments
- Business Address Proof
3. Documents Required from all Non-Resident Indians (NRIs) Applicants
- Income Proof Documents for NRI
- Property Papers
- Property Documents
- Sale Deed
- Stamped Agreement of Sale
- Allotment Letter
- No Objection Certificate or NOC
- Housing Society
- Builder
- Possession Certificate
- Land Tax Receipt
- Construction Cost Estimate
- Bank Account Statement of Payment Made to Seller or Builder
- Payment Receipt of Payment Made to Seller or Builder
- Incase of resale property share certificate is required
- Occupancy Certificate
EMI Calculator
Loan EMI₹
How to use Wealth Avenue’s EMI Calculator?
Wealth Avenue’s EMI Calculator is easy, intuitive, and instantaneous. Calculate the EMI for your Home Loan, Car loan, Personal Loan, Education Loan, or any other fully amortizing loan using our EMI Calculator.
All you need to do is enter the following information in the EMI Calculator:
- The loan amount you wish to avail (in rupees)
- The term of your loan (in months or years)
- The rate of interest (in percentage)
Use the slider to adjust the values in the EMI Calculator form or enter the values directly in their relevant boxes. Wealth Avenue’s EMI Calculator will re-calculate your EMI accordingly, and present the information in a pie chart depicting the break-up of your total payment. i.e. Total Principal Payable vs. Total Interest Payable.
Loan Against Property
Flexible Loan
Eligibility
Loans value from Rs.10
Lakh to Rs. 5 Crore
Loans against commercial,
residential or industrial property
Loan for your business as
well as personal needs
Features and Benefits of our Loan Against Property
- Secured Loan : The loan is secured against the value of your property. The property acts as collateral, reducing the risk for the lender. This generally leads to lower interest rates compared to unsecured loans
- Loan Amount:The loan amount is determined based on the value of the property you pledge. Generally, you can get a higher loan amount compared to personal loans or other unsecured loans.
- Flexible Tenure:The tenure (repayment period) for a Loan Against Property is usually longer compared to other types of loans, often ranging from 5 to 20 years. This allows for lower monthly installments.
- Multipurpose :The loan amount can be used for a wide range of purposes, giving you the flexibility to address various financial needs without any restrictions.
- Improves Credit Scores :Successfully repaying a Loan Against Property can positively impact your credit score, as it demonstrates responsible borrowing behavior.
Eligibility Criteria for Loan against Property
- Nationality : You need to be a Citizen of India with documents to prove your claim.
- Occupation and Income: Your lender will require you to furnish details regarding your occupation and income to prove your professional and financial stability to determine your creditworthiness.
- Credit History: Your three-digit Credit Score, indicative of your track record in respect of repayment of loans, and other forms of credit will be a deciding factor to prove your eligibility for a LAP.
- Banking Relationship : Should you have a healthy relationship with your lender, you will not be disapproved for a LAP. Additionally, your lender will offer you better terms and conditions in respect of loan value, interest rates, period of the loan, hidden charges, and processing fees..
- Market Value of Property : Your lender retains the right to decide the loan amount and terms and conditions of your mortgage loan based on the market value of your collateral property. Besides, the market value of the mortgaged property must be higher than the loan amount calculated on the current value of your property.
- Title of Property : Your lender will require you to be the current existent owner of the property, and in case of a co-application, you will require to prove multiple ownership clear title. Besides, the property must not be mortgaged with any other financial institution.
Documents Required to Apply for Loan Against Property
1. Proof of identity/residence
2. Proof of income
3. Property-related documents
4. Proof of Business (for self-employed)
5. Account statement for the last 6 months
EMI Calculator
Loan EMI ₹
How to use Wealth Avenue’s EMI Calculator?
Wealth Avenue’s EMI Calculator is easy, intuitive, and instantaneous. Calculate the EMI for your Home Loan, Car loan, Personal Loan, Education Loan, or any other fully amortizing loan using our EMI Calculator.
All you need to do is enter the following information in the EMI Calculator:
- The loan amount you wish to avail (in rupees)
- The term of your loan (in months or years)
- The rate of interest (in percentage)
Use the slider to adjust the values in the EMI Calculator form or enter the values directly in their relevant boxes. Wealth Avenue’s EMI Calculator will re-calculate your EMI accordingly, and present the information in a pie chart depicting the break-up of your total payment. i.e. Total Principal Payable vs. Total Interest Payable.
Features and Benefits of our Loan Against Property
Flexible Loan
Eligibility
Loans value from Rs.10
Lakh to Rs. 5 Crore
Loans against commercial,
residential or industrial property
Loan for your business as
well as personal needs
- Secured Loan: The loan is secured against the value of your property. The property acts as collateral, reducing the risk for the lender. This generally leads to lower interest rates compared to unsecured loans.
- Loan Amount: The loan amount is determined based on the value of the property you pledge. Generally, you can get a higher loan amount compared to personal loans or other unsecured loans.
- Flexible Tenure: The tenure (repayment period) for a Loan Against Property is usually longer compared to other types of loans, often ranging from 5 to 20 years. This allows for lower monthly installments.
- Multipurpose: The loan amount can be used for a wide range of purposes, giving you the flexibility to address various financial needs without any restrictions.
- Improves Credit Scores: Successfully repaying a Loan Against Property can positively impact your credit score, as it demonstrates responsible borrowing behavior.
Eligibility Criteria for Loan Against Property
- Nationality: You need to be a Citizen of India with documents to prove your claim.
- Occupation and Income: Your lender will require you to furnish details regarding your occupation and income to prove your professional and financial stability to determine your creditworthiness.
- Credit History: Your three-digit Credit Score, indicative of your track record in respect of repayment of loans, and other forms of credit will be a deciding factor to prove your eligibility for a LAP.
- Banking Relationship: Should you have a healthy relationship with your lender, you will not be disapproved for a LAP. Additionally, your lender will offer you better terms and conditions in respect of loan value, interest rates, period of the loan, hidden charges, and processing fees.
- Market Value of Property: Your lender retains the right to decide the loan amount and terms and conditions of your mortgage loan based on the market value of your collateral property. Besides, the market value of the mortgaged property must be higher than the loan amount calculated on the current value of your property.
- Title of Property: Your lender will require you to be the current existent owner of the property, and in case of a co-application, you will require to prove multiple ownership clear title. Besides, the property must not be mortgaged with any other financial institution.
Documents Required to Apply for Loan Against Property
1. Proof of identity/residence
2. Proof of income
3. Property-related documents
4. Proof of Business (for self-employed)
5. Account statement for the last 6 months
EMI Calculator
Loan EMI₹
How to use Wealth Avenue’s EMI Calculator?
Wealth Avenue’s EMI Calculator is easy, intuitive, and instantaneous. Calculate the EMI for your Home Loan, Car loan, Personal Loan, Education Loan, or any other fully amortizing loan using our EMI Calculator.
All you need to do is enter the following information in the EMI Calculator:
- The loan amount you wish to avail (in rupees)
- The term of your loan (in months or years)
- The rate of interest (in percentage)
Use the slider to adjust the values in the EMI Calculator form or enter the values directly in their relevant boxes. Wealth Avenue’s EMI Calculator will re-calculate your EMI accordingly, and present the information in a pie chart depicting the break-up of your total payment. i.e. Total Principal Payable vs. Total Interest Payable.
Balance Transfer Offer – Reduce Your EMI Burden
Already paying a loan with a high interest rate? Transfer your existing Home Loan or Loan against Property to a better deal with Wealth Avenue and save big every month.
Why Choose Balance Transfer?
- Lower Interest Rates
- Reduced EMI
- Top-up Loan Facility
- Zero Hidden Charges
- Flexible Repayment Options
Who Can Apply?
- Borrowers with an existing Home Loan or LAP
- Clean repayment track record for the last 12 months
- Minimum loan balance of ₹ 10 Lakhs
Benefits You Get:
| Particulars | Before Balance Transfer | After Balance Transfer |
|---|---|---|
| EMI | ₹27,000 | ₹21,500 |
| Interest Rate | 12.5% | 9.75% |
| Monthly Savings | - | ₹5,500 |
| Total Interest Saved | - | ₹1,65,000+ |
For Salaried Individuals
KYC Documents:
- PAN Card (mandatory)
- Aadhaar Card / Passport / Voter ID
- Passport-size Photograph
Income Proof:
- Last 3 months’ Salary Slips
- Last 6 months’ Salary Account Bank Statement
- Form 16 (Last 2 Years) or Latest ITR for last 2 years
Employment Proof:
- Employee ID Card / Appointment Letter / HR Confirmation (if required)
For Self-Employed Individuals
KYC Documents:
- PAN Card (mandatory)
- Aadhaar Card / Passport / Voter ID
- Passport-size Photograph
Business & Income Proof:
- Business Registration Certificate / GST Registration
- Last 3 Years' ITR with computation, Profit & Loss Statement and balance sheet.
- Balance Sheet (CA Certified)
- Business Bank Statements (12 months)
Additional Documents for Balance Transfer
If you're transferring an existing loan to Wealth Avenue’s partner bank/NBFC for a better rate:
Existing Loan Details:
- Sanction Letter of Existing Loan
- Repayment Track Record (Loan Statement – last 12 months)
- Foreclosure Letter (if already available)
- Outstanding Loan Statement
- EMI Schedule / Repayment Schedule
Additional Requirements:
- Copy of Property Documents already submitted to the current lender
- NOC from existing lender (if requested during disbursal)
- Loan Agreement copy (optional but helpful)
Top-up Loan cases may require fresh income and property documents depending on the request.
General Guidelines
- All documents must be self-attested.
- Original documents must be produced at the time of verification.
- Additional documents may be requested based on lender or applicant profile.
Balance Transfer Calculator
New EMI₹
