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Frequently Asked Questions

  • 1) Why CFHL?
  • 2) What is the maximum loan amount that can be availed from Can Fin Homes Ltd?
  • 3) How to apply for the loan?
  • 4) What are the documents that need to be submitted?
  • 5) Who can join the loan as a co-applicant
  • 6) How is the loan eligibility assessed?
  • 7) What is the amount of Processing Fees payable?
  • 8) What is the maximum tenure of loan permitted?
  • 9) What is the rate of interest charged on the loan?
  • 10) What is the security required to be provided for the loan?
  • 11) What is the time limit for availing the sanctioned loan?
  • 12) When will the loan disbursement take place?
  • 13) How can the loan instalments be paid?
  • 14) Is it possible to prepay a portion of the loan to reduce the liability and if so, whether any prepayment charges are payable?
  • 15) Whether the loan can be fully pre-closed before completion of the tenure and how will the interest be collected in such cases?
  • 16) At the time of closure, what are the pre-closure charges applicable?
  • 17) Are there any tax benefits on the loan?
  • 18) How can the tax benefit be claimed every year?
  • 19) Will IT certificates be issued in the name of both the applicant and co-applicant separately, if requested?
  • 20) What is the eligibility criteria to avail subsidy Under Credit Linked Subsidy Scheme (CLSS) of Pradhan Matri Awas Yojna (PMAY)?
  • 21) Does the property need to be insured?