loan guide in hindi
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Canara Bank promotes Can Fin Homes Ltd., which is a housing finance company. It provides a variety of low-cost housing loan options.
It provides house loan packages with variable interest rates starting at 8.25 percent per annum. 30 years is the maximum loan repayment period.
CHFL can distribute the loan amount on the day of registration in the case of a site or house acquisition, or to the builders/developers, following proof.
Friendship Finance, No Hidden Costs, Quick Sanctions & Transparent Process, Repayment duration up to 30 years, Competitive Interest Rates are all available with CHFL.
Depending on the type of loan taken out, the maximum loan amount ranges from 70% to 90% of the total project cost.
The EMI is due on a certain date each month and will begin the month after your loan is fully disbursed.
Eligibility will be based on necessary documentation proof, age, credentials, number of dependents, income, savings, and CIBIL score of the co-applicant, among other factors.
In the event of fixed rate of interest HL plans, prepayment charges of 2% are applied to the principal repaid. However, it is not relevant to variable interest rates.
Following these procedures, CFHL will authorise the loan if all other eligibility requirements are met to the satisfaction of the Company.
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