NEWS & ADVICE : HOME LOANS
Can Fin Homes slashes interest rates
By Joseph Samson
Aug 4, 2009
Print    Email    RSS   

Housing Finance company, Can Fin Homes Ltd (CFHL) has revised its lending rates downwards for new home loan borrowers.

The new rates will come into effect 1 August 2009 onwards.

With this, the rate of interest applicable on all fresh home loans up to Rs 20 lakh would be 8.75 percent. Home loans above Rs 20 lakh and up to Rs 30 lakh would be priced at an interest rate of 9 percent, whereas the rate on loans above Rs 30 lakh would be 9.75 percent.

The revised rates will be applicable under a special ‘variable interest rate scheme' for new home loans, irrespective of the period.

This is second revision made by the institution during this year. Earlier the home loan rates were reduced in Jan 2009.

The company plans to disburse loans worth Rs 550 crore during the current fiscal, which is a growth of 83 percent over the previous fiscal.

Incorporated in 1987, which is the "International Year for Shelter for the Homeless", Can Fin Homes Ltd. is the biggest bank sponsored housing finance company in the country.

A sponsorship company of Canara Bank, Can Fin Homes is one among the top players in the country's housing finance sector with pan- India presence.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Home Loans come with Tax Rebates!
Home loans: a route to home sweet home
Complete Guide to the Home Loan Process in...
Admissible deductions under Section 80C
This is how a bank lends money


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive