loan guide in hindi

Best Guide on  Canfin Home Loan

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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.

What is  Can Fin Home Loan

It provides house loan packages with variable interest rates starting at 8.25 percent per annum.  30 years is the maximum loan repayment period.

Interest rate and tenure

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.

Disbursement of loan

Friendship Finance, No Hidden Costs, Quick Sanctions & Transparent Process, Repayment duration up to 30 years, Competitive Interest Rates are all available with CHFL.

Why CFHL?

Depending on the type of loan taken out, the maximum loan amount ranges from 70% to 90% of the total project cost.

Maximum loan amount

The EMI is due on a certain date each month and will begin the month after your loan is fully disbursed.

How EMI is to be paid

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.

Eligibility

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.

Prepayment charges

Following these procedures, CFHL will authorise the loan if all other eligibility requirements are met to the satisfaction of the Company.

Summary

Standard Bank Home Loan

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