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Affordable Housing Loan -Rural [AHL- R]



  • Purchase of Ready built House/Flat/ flat under construction
  • Construction of House.
  • Undertaking extension/repairs/renovation/upgradation.


Areas covered: Any other areas not falling under the Statutory Town definition of Pradhan Mantri Awas Yojana-Urban for the following beneficiaries:

  • Individuals belonging to weaker section as defined in the RBI’s priority
    sector guidelines* and/ or
  • Annual household income not exceeding Rs.3 lacs and/or
  • Women – Property in their names, either singly or jointly.

* which includes scheduled caste and scheduled tribes, Minority communities as may be notified by Govt. of India from time to time, persons with disabilities.



Mortgage of the property being financed.

Rate of interest

Prevailing card rate.


Maximum term up to 30 years subject to maximum age of 70 years of applicants.

Other conditions

  • The scheme is applicable to individual housing loans sanctioned on or after 01/04/2017 and falling under Rural category.
  • ROI is fixed for an initial period of 7 years. ROI would automatically shall be converted to variable interest rate for the respective risk category.
  • 2% plus applicable GST where the loan accounts are on fixed interest rate in case the loans are taken over by other banks/financial institutions. However, no pre closure charges will be collected if the borrowers close the loans out of their own funds.


  • Up to Rs. 20 lac - 15%.
  • Above Rs. 20 lac up to Rs. 75 lacs - 20%.
  • Above Rs.75 lacs-25%.

Rate of interest

Prevailing card rate.

Canfin Homes