Canfin provides housing facilities for Resident Indians and Non Resident Indian Housing loans are available for:

• .constrution of house.
• purchase an existing property
• repairs And renovation
• Extension

Eligibility Creteria:

• You must be earning a regular monthly income.
• If you are from the salaried class, then you should have a minimum of 5 years of service left.
• If you are a business person or a professional or a self employed individual, then your age should be less than 58 years at the time of applying for the loan.
• The property you wish to purchase/construct should have a clear and marketable title.

Maximum period : A maximum of Rs 25 lakhs for the construction or purchase or the extension of a house or flat. A maximum of Rs 5 lakhs for the renovation or repairs or the upgradation of a house or flat. If you seek a loan amount that exceeds Rs 25 lakhs, then the same would be sanctioned, based on merits of your case and your current payback financial position. In general, loans are subject to maximum of 80% of the total project cost and at 13.5 % rate of interest.

Tax Benefits: You could claim deductions on the principal and interest repaid under section 88 and 24 as per IT Act 1961 Repayment period : Repayment periods could range from 5 to 15 years. They are payable in easy, Equated Monthly Installments

Pre_loan fees : One time processing fee of 1% of loan amount on the submission of the loan application. One time administrative fee of 1% on acceptance of the loan sanctioned.