Why Can Fin Home Loan Interest Rate will be the most suitable for you to opt?

Why Can Fin Home Loan Interest Rate will be the most suitable for you to opt?

While taking for any kind of credit facility, it is important to know the impact that rate of interest can have on the loan facility you take. Whether it’s a personal loan or a credit card facility or any other. But you can see its huge impact on the home loan facility given by several leading banks and financial companies. You must be wondering why? Well, because of the size of both the home loan amount and the repayment period. Among all the banks and financial companies that provide loans, Can Fin Homes Ltd is one of the leading housing finance companies in our country. Sponsored by Canara Bank which is one of the leading public sector banks of our country, Can FIn ​home loan​ interest rate is one of the most affordable rates in our country.

It is important to mind the rate of interest before applying for the home loan facility because one thing you must remember that the higher the rate of interest, the higher will be the EMI amount that you will pay during your repayment period. And if you did not keep a check on it, it may burn off your pocket while repayment. ​Can Fin home loan interest rate​ will be the most suitable for you if you’re looking for an affordable loan facility.

What are the highlights of Can Fin Home Loan that makes it preferable among customers?

Here are a few amazing features of the home loan facility that you can have a look at.

● CanFin Home loan interest rate differs according to the employment type. For salaried individuals and professionals, it ranges from 9.25% to 11.50% per annum while for self-employed non-professionals, it ranges from 10.25% to 12.75% per annum. ● Apart from the nature of employment, ​Can FIn home loan​ interest rate also depends on the applicant’s age, employment stability, property location, and most importantly, on the CIBIL score. ● A home loan facility from the CanFin Homes Ltd can be availed for various purposes such as the purchase of a house/flat/building, home extension, home renovation, home repairs, etc. ● The loan amount also depends on your repayment capability The margin on your home loan amount also differs according to the loan amount you opt for, ● The maximum repayment period can be as maximum as 30 years. But it is advised to opt for a lower repayment period as a longer period will fetch you more interest amount. ● Individuals who have a good CIBIL Score (considered to be above 700) can opt for a top-up loan at any point in your personal loan period.

What are the eligibility criteria to get a CanFin Home Loan Facility?

● CanFin ​home loan​ facility can be availed by both the salaried and self-employed individuals. ● The applicant must be an Indian Resident. ● The CIBIL score must be good.

Required Documents:

● Age Proof - Aadhar Card/ PAN Card/ Voter ID Card ● Residence Proof - Passport/ Driving License/ Electricity Bill ● Salary Slip of the last three months ● ITR Copy