CAN FIN HOMES , Housing Finance Company that has secured the home owning dreams of over 2,00,000 Customers

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Enhancement of loan

Oh!, your estimate is overrun , the cost of construction is more than expected . Don't worry. We will enhance the loan amount provided you have a repayment capacity . Please give us the revised estimate and other required documents.

Subsequent Loan

You have already availed the loan from us. You want to buy a new house / site / construct a new house. CFHL has a option for it.

Your earlier loan account should be regular
Mortgage is created for your earlier loan accounts
Upto date Encumbrance Certificate is NIL
Your present income should be sufficient to take care of installments.

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.3 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 and the EMI of his Personal Loan.

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

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Front-end Fee

Front-end fee Prevailing from time to time on monthly diminishing balance basis will be applicable.

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