PERSONAL LOAN SCHEME
The personal loan is applicable for our existing borrowers with a good track record and will come handy for them to meet their personal expenses such as education, marriage, medical expenses etc.
The details of the scheme are as follows.
Purpose
For meeting the personal expenses of the applicant.
Eligibility
Existing borrowers where their housing loan account with us has completed one years after commencement of EMI and where the conduct of the account is good and there are no overdues and a valid mortgage has been created are eligible for a loan under the scheme.
Quantum of loan
- The maximum amount of loan under the scheme is Rs.5 lakhs and the minimum loan amount is Rs. 25,000/-
- Installment-Income Ratio (IIR) should not exceed 50% after considering the EMI of all existing Housing Loans of the borrower.
Repayment
Repayment period under the scheme will be upto 5 years, depending on the remaining service of the applicant in the case of salaried class and till attainment of 65 years of age in the case of non-salaried class.
Interest Rate
"For interest rates on personal loans, please contact your nearest branch of Can Fin Homes"
Front-end Fee
Front-end fee for personal loan contact the nearest branch.
Click here for Front-end fee
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