Canfin Home Loan
Apply for Can Fin Home Loan starting at 9.20% for 30 years. Can Fin Home Ltd is an HFC, sponsored by Canara Bank. You can avail of customized loans for purchase & construction of ready or under construction homes.
Apply for Canfin Home Loan @ 9.20% Interest Rates
Can Fin Home Loan Details
Can Fin Home Loan Snapshot-
| Loan Amount | 70% - 90% of Property Value |
|---|---|
| Rate of interest | 9.20% p.a |
| Tenure | Up to 30 Years |
| Lowest EMI possible | Rs. 819 Per Lakh |
| Processing fee | 0.50% to 0.75% of loan amount + GST |
| Prepayment/ Foreclosure Charges | Nil for floating home loan |
Can Fin Home Loan: Features & Benefits
The features and benefits of Can Fin Home Loans can be summarised as:
- Can Fin Home loan for salaried, self-employed, professionals, pensioners & NRIs
- Attractive Can Fin Home Loan interest rates starting from 9.20% per annum
- Customised CanFin home loan schemes for ready to under construction properties.
- Choice of floating or combo home loans (fixed + floating)
- Can Fin Home Finance processing fees is nominal at 0.50% to 0.75% of the loan amount; Minimum of Rs. 5000 + GST & Maximum of Rs 25000 + GST
- Loan amount: Max Can Fin Home Loan is approved for up to 90% of the property value.
Can Fin Home Loan Interest Rates 2025
Before applying for a CanFin Home loan, you must check Can Fin Home Loan Interest Rate Card. Here are details:
Can Fin Home Loan Interest Rate for Salaried Individuals & Professionals:
| Type of Home Loan | Interest Rate |
| Individual Housing Loan | 9.20% to 10.35% |
| Affordable Housing Loan | 9.20% to 10.35% |
| Credit Linked Subsidy Scheme | 9.60% to 11.10% |
| Composite Housing Loan- sites developed by Government Agencies | 9.70% to 11.20% |
| Composite Housing Loan- approved private layouts | 9.85% to 11.35% |
| IHL- Cash Salary | 10.60% to 11.85% |
| Special Urban Housing Refinance Scheme (Direct) | 9.85% |
| Special Urban Housing Refinance Scheme (Indirect) | 10.85% |
Can Fin Home Loan Interest Rates for Self-Employed Non Professionals
| Type of Home Loan | Interest Rate |
| Individual Housing Loan | 10.10% to 11.10% |
| Affordable Housing Loan | 10.10% to 11.10% |
| Credit Linked Subsidy Scheme | 10.10% to 11.60% |
| Composite Housing Loan- sites developed by Government Agencies | 10.20% to 11.70% |
| Composite Housing Loan- approved private layouts | 10.35% to 11.85% |
| Special Urban Housing Refinance Scheme (Direct) | 9.85% |
| Special Urban Housing Refinance Scheme (Indirect) | 10.85% |
The above Can Fin rates of interest are offered on floating basis. In combo home loans, the rates are fixed for first three months and shift to floating rates thereon. Also, the rate is fixed for 7 years after the request for refinance.
Also Read - 9 Proven Ways to Save Interest on Home Loans
Can Fin Home Loan Comparison with Other Lenders
| Lender’s Name | Maximum Loan Amount | Rate of Interest (p.a.) | Processing Fee | Maximum Tenure |
|---|---|---|---|---|
| Canfin | Rs. 10 Crores | 9.20% | Up to 2% | 30 years |
| HDFC Bank | Rs. 10 Crores | 7.90% - 9.00% | Up to 0.50% or Rs. 3,000 whichever is higher + applicable taxes | 30 years |
| ICICI Bank | Rs. 3 Crores | 7.70% | 0.50% + applicable taxes | 30 years |
| Bajaj Finserv | Rs. 5 Crores | 7.49% | 0.50% - 6% | 30 years |
| Axis Bank | Rs. 5 Crores | 8.75% - 11.60% | Up to 1%, minimum Rs. 10,000 | 30 years |
| Kotak Mahindra Bank | Rs. 10 Crores | 7.99% | Up to 1% + taxes & other applicable statutory dues | 20 years |
| SBI | Up to 90% of property cost | 7.50% - 8.45% | Up to 0.35% | 30 years |
| Yes Bank | Up to 90% of property cost | 9.00% | 2% or Rs. 10,000, whichever is higher + GST | 30 years |
Can Fin Home Loan Offers
Can Fin Housing Loans to Individuals (IHL)
- Can Fin Home loan for purchase of ready to move in or under construction house or flat.
- The loan can also be applied for construction, renovation or extension of house/ flat.
- You can also avail of Can Fin home finance for transferring balance of existing home loan.
- Salaried, professionals, self-employed non-professionals, NRIs or pensioners can apply.
- The Can Fin loan amount varies from 75% to 85% of property value.
- Margin is calculated as per following grids:
- 15% for Can Fin home loan up to 20 lakh
- 20% for 20 to 75 Lakh
- 25% for Can Fin loan above 75 Lakh
- You will get max tenure of 30 years.
- Can Fin rates are attractive
- Customers with good payment record will be eligible for top up & personal loan.
Can Fin Individual Housing Loan- Super (IHL Super)
- Combo rate home loan.
- Home loan interest rate is fixed for initial 3 years.
- After 3 years, ROI will switch to prevailing floating rate for residual amount.
- Conversion charges will apply at 0.50% of loan outstanding (including undisbursed amount, if applicable) + GST.
- All other eligibility, features & benefits same as IHLs.
Can Fin Commercial Housing Loan (CHL)
- Can Fin Home Loan for purchase, construction, renovation, transfer etc. of 3rd unit onwards
- Salaried, professionals, non-professionals, NRIs & pensioners can apply.
- Other features & benefits are same as regular individual home loans.
Can Fin Affordable Housing Loa- Urban (AHL- U)
- Purchase, repair or construction of ready to move home or under construction residential property.
- Annual household income up to Rs 6 Lakh.
- Loan for property falling under statuary town as per PMAY guidelines.
- Can Fin Rate of interest will be fixed for initial 7 years.
- 2% + GST for pre-closure by way of take-over by other lender; NIL if pre-closed with own funds
- Repayment tenure- 30 years, subject to repayment age of 70 years.
Can Fin Composite Housing Loan
- Loan for purchase of site & construction of house.
- All other benefits & eligibility are same as regular home loan.
Can Fin Housing Top Up
- Top Up facility for existing home loan customers intending to incur repair/ renovation of the mortgaged property
- Eligible after completion of 2 years past final disbursement
- Top up amount vary from 1 o 15 Lakh
- Max tenure of 15 years
Also Read - Top Home Loan Offers for Millennials in India
How to Calculate Can Fin Home Loan EMI?
You can instantly calculate Can Fin Home Loan monthly instalment using Can Fin Home Loan EMI Calculator. All you need to fill in loan details: loan amount, tenure and rate of interest.
As you fill the loan details, you will get Loan EMI, total interest payable and total repayment amount. You will also get indicative amortisation schedule for the current rate. The amortisation schedule will change when ROI changes during the loan period.
Furthermore you can also access Can Fin Home Loan Eligibility Calculator and determine loan amount eligibility. You need to share present income, existing liabilities, intended EMI for loan, tenure and rate of interest. Using these financial EMI Calculators helps you make an informed decision.
Can Fin Home Loan Calculation
To help you compare home loan EMIs for Canfin Home Loan, sharing below EMI Calculation for Rs 10 Lakh to Rs 70 Lakh amount for 10, 20 & 30 years at lowest rate of 9.20% p.a.
| Loan Amount | 10 years | 20 years | 30 years |
|---|---|---|---|
| Rs. 20,00,000 | Rs. 25,552 | Rs. 18,253 | Rs. 16,381 |
| Rs. 30,00,000 | Rs. 38,328 | Rs. 27,379 | Rs. 24,572 |
| Rs. 40,00,000 | Rs. 51,104 | Rs. 36,505 | Rs. 32,762 |
| Rs. 50,00,000 | Rs. 63,880 | Rs. 45,631 | Rs. 40,953 |
| Rs. 60,00,000 | Rs. 76,656 | Rs. 54,758 | Rs. 49,143 |
| Rs. 70,00,000 | Rs. 89,432 | Rs. 63,884 | Rs. 57,334 |
Also Read - 5 Tips to Manage Your Home Loan EMI
Can Fin Home Loan Documents
Here is the list of documents required for Can Fin Home Loan:
| KYC - Proof of Identity (copy of any one) | Passport Voter ID PAN Card Driving Licence UID (Aadhaar) NREGA Job Card Any document authorised by the central government |
| KYC - Proof of Address (copy of any one) | Passport NREGA Job Card |
| Income Proof- Salaried Applicants | Pay slips for last 6 months Latest bank statement- last 6 months Income tax returns Proof of additional income (like Rent, Pension etc.) and details of existing loans, if any |
Documents for Self Employed - Non Professionals / Professionals
| Proof of business: Proof of Income: Details of existing loans, if any |
Documents required for NRI/ PIO Borrowers:
| Copy of offer letter/ Employment Contract (In English, Attested by Employer/ Indian Embassy) Visa Stamp on the passport Latest six months’ pay slips Last 6 months’ NRE/ NRO statement Bio-data/ profile covering- Qualification, age, job experience, nature of profession etc. Credit report Power of Attorney (POA) in favour of Local Representative in India Proof of additional income and details of existing loans, if any |
| Property documents | Original title deeds tracing the title ownership for at least last 13 years Encumbrance certificate for minimum period of last 13 years Agreement of sale/ construction, if any Approved plan/ license Proof of Receipts investing margin money through normal banking channels from NRE/NRO accounts Latest tax payment receipt Khata/ Chitta/ Patta/ Adangal/ 7x12 Extra/ Khasra-Khatoni etc (in the name of property owner) |
Also Read - Home Loan Tax Benefit
Can Fin Home Loan Processing Fee and Charges
| Processing Charges | For salaried and professionals: 0.50% to 0.75% of loan amount 0.75% to 1% of the loan amount |
| Revalidation Fee (after expiry of 30 days of sanction) | Rs 500 |
| Pre-closure charge | NIL |
| Prepayment charges (during fixed tenure) | NIL for up to 10% of the opening principal balance in a financial year. Amount prepaid (or full prepayment) in excess of 10% capping will attract 2% of prepayment charge plus GST |
| Property valuation | 1/8 % of assessed property value, subject to maximum of Rs 2500 +GST to the panel valuers |
| Project appraisal report | Pay by cheque or DD to valuer directly- 1-3 crore- Rs 25000 +GST 3- 5 crore- Rs 40000+ GST Above 5 crore- Rs 50000 +GST |
| Document charges | As per actuals, Min 100 |
| Cheque/PDC/ ECS/ NACH Return Charges | Rs 750 +GST |
| Retrieval of documents | Courier charges + 300 per instance +GST |
| CERSAI Charges | As actuals |
Also Read - 5 Home Loan Providers in India That Charge Zero Processing Fees
Can Fin Home Loan Eligibility
Following factors determine your Can Fin Home Loan Eligibility:
- All applicants must support a stable income source.
- Salaried, professionals, self-employed, pensioners & NRIs can apply.
- The applicants should hold legal proof for age, qualification & ownership of property concerned.
- The lender will also assess existing assets & liabilities of main applicant as well as co-applicants.
- Past credit history holds prominence too.
- Number of dependents will also be considered.
- The Can Fin Home loan amount is calculated as a percentage of market value of property.
Also Read - How does Your Salary Impact the Home Loan Eligibility?
Can Fin Home Loan Customer Care
You can contact customer care through a call, email or writing a post.
Toll free Customer care number: 1800-203-4488
(Call between 10 am to 6 pm)
Write your concerns at:
Can Fin Home Ltd
No. 29/1, Sir. M N Krishna Rao Road
Lalbagh West, Basavangudi
Bangalore- 560004
Tele: 080 26567655
Fax: 080 26565746
You can write email at: development@cashfinhomes.om
For grievances and complaints, write to Nodal Officer:
Shri GK Nagaraja Rao
Nodal Officer
Registered Office
No. 29/1, Sir. M N Krishna Rao Road
Lalbagh West, Basavangudi
Bangalore- 560004
Tele- 08026570155
Email grievances at: Grievance.redressal@cashfinhomes.com
Also Check - SBI Home Loan Customer Care
Can Fin Home Loan FAQs
You can apply for Can Fin Home Loan online or offline as per your convenience. The home loan application form can be downloaded from bank website and submitted along with required documents to the nearest branch. More convenient option is applying online for Can Fin Home Loan and uploading the required documents. In digital application, the loan will be approved and sanctioned online.
The co-applicant should be a close relative. The lender will assess credit history, income documents and financial health of the co-borrower.
The tenure for Can Fin Home Loan will vary from 5 years to 30 years. The maximum age for repayment is 70 years.
The maximum loan amount will depend on the value of the property. Can Fin Home Loan approves home loans up to 90% of the project cost.