Supported by Canara Bank, CanFin Homes Limited has been involved in the development of India since 1987. Multiple loans are offered by the company, expected to make home possession simple and enhance the quality of life. It is a general purpose loan that can be used for different purposes.
Based on the repaying capacity, the loan amount varies. The maximum amount that can be availed is Rs. 75 lakhs. The proposed loan amount should not surpass 70% of the present market estimation of the property.
Personal Loans from CanFin Homes Limited should be repaid in ten years.
There are two methods to get a loan from CanFins Homes. The first one is by filling a form that can be found on its website, and the second one is by visiting the branch to complete all the formalities
Consider this example,
Mr. Ahmed has a loan for his house from CanFin Homes Limited and wishes to take a personal loan to do the interior decoration with furniture at his house. He gets a loan of Rs 1 lakh and has to pay 14% as interest every year. He chose to repay it through EMIs in a period of 5 years. The total interest paid is Rs. 39619 and the EMI is Rs, 2,327. The final statement amounts to Rs 1,39,610.
From 01 July, 2018, 18% GST will be levied on banking services and products.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of CanFin Homes Ltd.