MD's Desk



Dear Shareholders,

Over the past 35 years, the organisation has gained repute for its unwavering commitment to the noble cause of helping the citizens of our country acquire a roof over their heads. Going forward also, the institution’s primary objective of providing home finance to fund the dream homes of people and increase the housing stock in the country will be carried on.

During the course of its journey, the Company has crossed several milestones by virtue of adherence to its strong fundamentals, business ethics and spirit of service. The motto of Friendship Finance has served the organisation well.

Sustainable growth of the economy necessitates development of housing sector. The PMAY scheme initiated by the government with the theme of Housing for all by 2022 has increased the number of houses and home owners considerably.

There is an ever-increasing need for affordable housing in India on account of population growth, increase in nuclear families, higher income levels and urbanization. In the aftermath of Covid-19, the housing industry and housing finance companies have witnessed an additional demand because the Pandemic has driven home the importance of having a safe, protective, dwelling of their own. The work from home concept has also enthused people already owning homes to seek bigger accommodation to have a more comfortable working space and environment.

The Government initiatives for infrastructure and housing coupled with tax sops will give a boost to housing demand.

The Affordable Housing Loan Centres (AHLCs) were introduced by Can Fin Homes to lend exclusively for affordable houses in the peripheral areas of the Tier 1, Tier 2 and Tier 3 cities as the land and building value are more affordable in these areas. Presently, there are 21 AHLCs.

So far, Can Fin Homes has focussed mainly on Housing Loans to individuals with 90% of the loan book comprising of retail home loans and about 74% lending in salaried space. Generally, majority of our borrowers are first time home buyers. We will continue the policy of having a prudent lending mix of housing and non-housing loans. Our core business principle of staying a purely retail and affordable home lender for lower income group of customers will remain intact.

Can Fin Homes Limited has 22 products pertaining to our lending schemes, which suit the varied needs of customers. We also offer attractive interest rates for both Fixed and Cumulative deposit schemes.

The ease of operations facilitates our customers, both new and old. Can Fin Homes conducts its business with due diligence, transparency and places special emphasis on compliance.

Our expansion plan envisages opening of new branches in safe geographies to have a wider reach and augment lending.

As a corporate agent, Can Fin Homes has partnered with 2 agencies for distribution of general insurance products and life insurance to offer customised products to borrowers at competitive rates, for meeting unforeseen eventualities.

At Can Fin, we are confident of capitalizing on the myriad opportunities that lie ahead of us with our core competence, foresight, financial strength to continue our success story.

We value the unstinting support, guidance and co-operation of our regulator, National Housing Bank, parent institution, Canara Bank, Board of Directors, customers, stakeholders, lenders, advocates, valuers, direct selling agents, auditors, rating agencies etc. in the course of these 35 years. The hard work, dedication and loyalty of the employees is also laudable.

I invite you to join us in our endeavour to take Can Fin Homes to greater heights in the ensuing months and years to come.


Suresh S Iyer
Managing Director & CEO,
Welcome Canfin Homes Limited!