Welfortune Logo
🧮 Calculate EMI
✖

Monthly EMI: 0

Principal Amount: 0

Interest Payable: 0

Total Amount payable: ₹ 0

Make Your
Homeownership Dream a
Reality!

Find the perfect home loan with minimal documentation and lower interest rates!

Man holding coin

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 property, a home construction loan helps you build or repair your home.

Home Extension Loan

If you already own a home and need to extend it, add an annexe, or build another floor, a home extension loan can fund your requirements.

Home Improvement Loan

Upgrade your home with improved furniture, fixtures, or lighting systems. A home improvement loan supports all such renovation plans.

NRI Home Loan

If you're an NRI and wish to buy residential property in India, this loan helps fulfill your dream of owning a home in your homeland.

Home Loan Eligibility

Age
  • Minimum 21 years at the time of loan start
  • Maximum 65 years at loan maturity
  • Salaried: 21 - 58 years
  • Self-employed: 25 - 65 years
Income
  • Salaried: Min ₹10,000/month
  • Self-employed: Min ₹2,00,000/year
Employment
  • Salaried: Min 2-3 years in MNC/Pvt/Public Ltd
  • Self-employed: Min 3 years in current field
Credit Score

A minimum credit score of 750 is preferred for loan approval.

Documentation for Home Loan

Salaried Individuals
  • Form 16
  • Employee Identity Card
  • 3 Months Salary Slips
  • 6 Months Bank Statement
  • Proof of employment duration
Self-Employed Individuals
  • PAN, Trade License, Partnership Deed
  • MOA, AOA, Import Export Code
  • Financials audited by CA
  • Profit & Loss Statement, Balance Sheet
  • 6 Months Bank Statement
  • Practice License / Registration Certificate
  • Business Address Proof
NRI Applicants
  • Income Proof Documents
  • Property Papers: Sale Deed, Allotment Letter, NOC
  • Builder/Housing Society Documents
  • Construction Estimate, Possession Certificate
  • Tax Receipts, Occupancy Certificate
  • Payment Receipts to Seller/Builder
  • Share Certificate (for resale)

EMI Calculator for Home Loan

The monthly part-payment that you make to repay your Home Loan is known as an Equated Monthly Instalment (EMI). This monthly payment includes repayment of the principal amount of your loan divided over the period of the loan, along with the agreed interest amount on the outstanding balance of your Home Loan.

The Welfortune Online Home Loan EMI Calculator is an essential tool that helps you make informed financial decisions while planning your Home Loan effectively. This online calculator performs complex computations instantly to provide you with an accurate EMI amount, helping you manage your repayment plan with confidence and precision.

Fees and Charges for Home Loan

The fees and charges of home loans usually vary from lender to lender and from case to case. The list below gives you a fair idea:

Particulars Charges
Loan Processing Fees ₹2,999 to 5% of Loan Amount
Loan Cancellation ₹3,000 to 5% of Loan Amount
Stamp Duty Charges ₹150 to ₹300
Legal Fees As per actuals
Penal Charges Usually 2% per month
EMI / Cheque Bounce ₹499 to ₹599

*Other fees may include documentation, verification, NOC, or swap charges depending on the lender.

Home Loan Reviews

4/5

During the COVID 19 times, I was in urgent need of some funds for the treatment of my brother and I was not able to get it from anywhere...

Reviewer 1 Neelima Jain
4/5

Welfortune helped me in getting a Home loan for my wedding. I was pretty impressed by the rate of interest, terms and conditions...

Reviewer 2 Sheetal Jain
4/5

I took a Home loan through Welfortune and used it to clear my credit card dues. This way I saved some money...

Reviewer 3 Rajesh Dodiya
4/5

The comparison table, which Welfortune have provided on their website, is best. As it is very useful for every loan seeker...

Reviewer 4 Pritesh Desai

Home Loan FAQs

A home loan is a loan used to buy a home. It is repaid over 15 to 30 years and is secured by the property being purchased. If the borrower fails to repay, the lender can take possession of the property.

You typically qualify based on income, credit score, job stability, and repayment ability.

Yes, most lenders allow part or full prepayment with or without charges based on the terms.

No, banks usually fund 75%-90% of the property value; rest must be paid as down payment.

The amount depends on your income, credit profile, and lender’s internal policies.

Typically required: ID proof, address proof, salary slips, bank statements, Form 16, and property documents.

Yes, most lenders allow joint applications with a spouse or blood relatives. Friends may not be accepted.

Spouse, siblings, parents, or children can be joint borrowers depending on lender’s terms.