News & Events

Individual Housing Loans:

Why Can Fin Housing Loan:

  • Interest rate 10.75 % only
  • Biggest Bank Sponsored HFC Since 1987
  • Quick sanction and disbursement of your loan
  • Total Transparency (No hidden charge, daily diminishing balance, friendship financing, customer benefit schemes)
  • High quality service with high end technological support
  • Hassel freePersonal loan, home improvement loan, child education loan for existing home loan customers   
  • concession of 0.15% for one year to women for loans upto Rs.25 lac.
  •  concession of 0.15% for one year to Army, Air Force, Navy personnel – serving and Ex-servicemen.

 

Scheme:

1

 

PURPOSE

1

Construction  of House

2

Flat under construction

3

Repair/Renovations

4

Extension of House

5

Composite Loan

6

Balance Transfer/Take over

7

Purchase of ready build house / Flat

2

ELIGIBILITY

Individuals who are salaried persons/ professionals/ businessmen /NRI /pensioner who have adequate  repayment capacity supported by Proof Viz Salary slips/Form 16 and Income Tax Returns

3

QUANTUM OF LOAN

75% to 85% of the project cost subject to repayment capacity

4

INTEREST RATE

All the above rates are Variable/Floating


Upto 30 Lakhs

10.75%

Above 30.01

11.00%

5

DISBURSEMENT

On the date of Registration (in purchase case)/ on construction progress wise( in construction case)

6

REPAYMENT

Salaried class

5 years to Maximum 30 years

Professionals

Min 5 years  to Max  25 years

NRI/Business

Min 5 Years to max 15 years

7

SECURITY

Equitable mortgage of the property being financed

11

COLLATERAL SECURITY

 On case to case basis

13

STAMP DUTY

 As per the prevailing State Govt Act

14

DOCUMENTATION CHARGES

Actuals

15

PRE CLOSURE CHARGES

  Nil

16

CHARGERS

Salaried/Professionals/NRI

0.50% of loan Amount (0.75% if through DSA)

Business class

0.75% of loan Amount (1% if through DSA)

1.Revalidation Charges for Lapsed Sanction :Rs 500/-
2.Cheque /ECS return charges = Actual bank charges+      Rs 200/-
3.Penal Interest =2% p. a. for the defaulted amount for the delayed period
4.Retrieving of documents from Central Storage facility : 
If closed/preclosed     : Nil
For any other purpose : Actual to & fro courier charges
5. Any actual incidental charges incurred by CFHL shall be reimbursed.
Other than the above, No other charge will be collected for regular account.