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| Can Fin Home Loan Highlights |
|
| Interest Rate | 9.35% p.a. onwards |
| Loan Amount | 75% to 90% of property value |
| Loan Tenure | Up to 30 years |
| Processing Charges | Up to 1% of the loan amount |
Note: Interest rates as of 29 August 2025
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Table of Contents
Can Fin Home Loan Interest Rates
Canfin Individual Housing Loan/ Flats under Construction TPA/ Affordable Housing Loan – Rural
| Loan Amount | Rate of Interest (% p.a.) | |
| Salaried and Professionals | Self-employed & Non-professionals | |
| Rs 50 lakh & Below | 9.35% – 10.35% | 10.10% – 11.10% |
| Above Rs 50 lakh to Rs 75 lakh | 9.20% – 10.20% | 10.10% – 11.10% |
| Above Rs 75 lakh | 9.20% – 10.20% | 10.10% – 11.10% |
* On receipt of refinance from NHB, ROI shall be revised prospectively based on the NHB refinance rate.
Can Fin Composite Housing Loan
For sites situated in layouts developed by Govt. Dev. Agencies including second sale
| Loan Amount | Rate of Interest (% p.a.) | |
| Salaried and Professionals | Self-employed & Non-professionals | |
| Rs 50 lakh & Below | 9.45% – 10.45% | 10.20% – 11.20% |
| Above Rs 50 lakh to Rs 75 lakh | 9.30% – 10.30% | 10.20% – 11.20% |
| Above Rs 75 lakh | 9.30% – 10.30% | 10.20% – 11.20% |
For sites situated in approved private layouts including second sale
| Loan Amount | Rate of Interest (% p.a.) | |
| Salaried and Professionals | Self-employed & Non-professionals | |
| Rs 50 lakh & Below | 9.60% – 10.60% | 10.35% – 11.35% |
| Above Rs 50 lakh to Rs 75 lakh | 9.45% – 10.45% | 10.35% – 11.35% |
| Above Rs 75 lakh | 9.45% – 10.45% | 10.35% – 11.35% |
Can Fin Cash Salary
For salaried individuals only. The maximum loan amonunt is of up to Rs 10 lakh
| Purpose/ Risk Rating | Rate of Interest (% p.a.) |
| Constructing a house on own land/ purchasing a flat | 10.45% – 11.45% |
| Composite (purchasing of a site and constructing a house thereon) | For buying a site in layouts developed by Govt. Dev. Agencies: 10.55% – 11.55% |
| For buying a site in approved private layouts: 10.70% – 11.70% |
Can Fin Site Loans
For sites situated in layouts developed by Govt. Dev. Agencies including second sale
| Loan Amount | Rate of Interest (% p.a.) | |
| Salaried and Professionals | Self-employed & Non-professionals | |
| Rs 50 lakh & Below | 13.85% – 14.85% | 14.35% – 15.35% |
| Above Rs 50 lakh to Rs 75 lakh | 14.10% – 15.10% | 14.60% – 15.60% |
| Above Rs 75 lakh | 14.35% – 15.35% | 14.85% – 15.85% |
For sites situated in approved private layouts/site purchase from private parties
| Loan Amount | Rate of Interest (% p.a.) | |
| Salaried and Professionals | Self-employed & Non-professionals | |
| Rs 50 lakh & Below | 14.10% – 15.10% | 14.60% – 15.60% |
| Above Rs 50 lakh to Rs 75 lakh | 14.35% – 15.35% | 14.85% – 15.85% |
| Above Rs 75 lakh | 14.60% – 15.60% | 15.10% – 16.10% |
Can Fin Housing Loan Top-up Loan
| Loan Amount | Rate of Interest (% p.a.) |
| Any eligible loan amount | Applicable IHL/CHL/Comp Loan + 1% – Floating |
Note:
- For women beneficiaries up to Rs. 25 lakh in metro/urban centres, Naval/ Airforce/ Defence personnel (both in service and retired) and physically challenged persons *0.05% concession in applicable card rate of interest (ROI) for one year will be given subject to fulfilment of eligibility criteria.
- Additional ROI of 0.50% above the card rate shall be charged for properties under all loan products where the Building plan/Khata/Patta or similar documents issued by gram panchayat/society
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Canfin Home Loan Processing Fees and Other Charges
| Loan Processing Charges* | Direct Customer Proposals
For Salaried Professionals: 0.50% of the loan amount with a minimum of Rs. 5,000 and a maximum of Rs. 25,000 Proposals Routed through DSA/Marketing Officers For Salaried Professionals: 0.75% of the loan amount with a minimum of Rs. 5,000 and no cap on the maximum limit |
| Part-prepayment Charges* | Nil for floating rate loans
IHL Super (during fixed rate tenure): No charges for part payment up to 10% of the opening principal balance for a given financial year 2% charge for part payment in excess of 10% of the opening principal balance for a given financial year |
| Foreclosure Charges* | For floating rate loans: Nil
For fixed rate loans: No charges, if loans are closed out of the borrower’s funds 2%, the loans are taken over by other lenders |
| Late Payment Charges | Additional rate of 2% over the prevailing interest rate |
| Cheque / PDC Dishonor Charges | Rs. 750 per cheque per occasion |
| ECS / NACH Return Charges | Rs. 750 per return |
| Penal Interest | 24% p.a on the delayed amount for the delayed period only
(Such interest will be charged along with regular interest at monthly intervals.) In respect of outright purchase of properties or flats under constructions, non-receipt of sale deed within 30 days from the date of registration of the property will attract penal interest of 2% on outstanding liability from the due date for receipt of title deeds till the actual receipt of title/sale deed If the construction is not completed within 36/60/72 months as the case may be, then the unavailed limit will be cancelled and penal interest @ 2% to be charged from 37th /61st /73rdmonth respectively |
| Revalidation Charges | Rs. 500 (if the borrower comes forward to revalidate the sanction after the due date of 30 days (and within 60 days) |
| Property Valuation Charges* | 1/8% of the assessed property value (Max. Rs. 2,500) |
| Project Appraisal Report/ Techno-Economic Evaluation Report Charges* | For projects of over Rs. 1 Crore: Rs. 25,000 to Rs. 50,000 |
| Legal Scrutiny Charges | Actuals (Min. Rs. 1,100)
The charges are to be paid by the borrower to the advocate by way of cheque through the concerned branch and a copy of LSR along with receipt to be given to the borrower |
| CERSAI Charges | For registration/modification from Rs. 150 or loans above Rs. 5 lakh, Rs. 200, depending on loan amount to be paid along with the application |
Compare home loan processing fees charged by other leading banks & HFCs.
Types of Can Fin Housing Loans
Can Fin Individual Housing Loans – IHL
- Purpose: This is a regular home loan scheme, which can be availed for buying a ready to move-in/under-construction property. The home loan scheme can also be availed for the construction, extension or renovation of a new house/flat. It also comes with home loan balance transfer facility is available for existing home loan borrowers of other banks and HFCs.
- Tenure: Up to 30 years
Can Fin Affordable Housing Loan – Rural (AHL-R)
- Purpose: Individuals can apply for this loan for house construction, purchase (ready to move-in/under-construction property), renovation and extension purposes.
- The scheme is applicable to:
- areas not falling under the Statutory Town definition of PMAY Urban
- individuals belonging to weaker-section as defined in the RBI’s priority sector guidelines, which includes SC & ST, minority communities as may be notified by the Govt. of India from time to time, persons with disabilities
- individuals having an annual household income of not more than Rs. 3 lakh and/or women as direct or joint property owners
- individual housing loans sanctioned on or after 01/04/2017 and falling under the Rural category
- Interest Rate: Its interest rate is fixed for an initial period of 7 years and will be converted to the prevailing variable/ floating rate of interest
- Tenure: Up to 30 years
Can Fin Affordable Housing Loan – Urban (AHL-U)
- Purpose: This home loan scheme can be availed for purchasing (ready to move-in/under-construction property), constructing, extending and renovating a house property.
- Interest Rate: Its interest rate is fixed for an initial period of 7 years and will be converted to the prevailing variable/ floating rate of interest
- Tenure: Up to 30 years
Can Fin Composite Loan
- Purpose: Individuals can avail this home loan for plot purchase and construction thereon.
- Eligibility: Salaried/ professionals/ self employed/ non professionals/ NRIs/ pensioners having adequate repayment capacity and income documents to prove it can apply for this home loan scheme.
- Tenure: Up to 30 years
Can Fin Site Loan
- Purpose: Individuals can avail this home loan for site purchase from Developmental Authority/ Housing Co-operative Societies formed by Central/ State Govt. Employees Associations/ Private Developers/Parties.
Eligibility: Salaried/ professionals/ self employed/ non professionals/ NRIs/ pensioners having adequate repayment capacity and income documents to prove it can apply for this home loan scheme. - Tenure: Up to 10 years
Can Fin Top Up Loan
- Purpose: Home loan top up is offered to existing Can Fin home loan borrowers for carrying out home renovation and repairs of the house for which the original home loan was extended.
- Eligibility: Home loan customers who have completed a term of 2 years from the date of final disbursement are eligible for this loan facility
- Loan amount: Rs. 1 lakh to Rs. 15 lakh
- Tenure: Up to 15 years
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Can Fin Home Loan Eligibility Criteria
- Borrower Profile: Salaried/ professionals/ self-employed professionals and self-employed non-professionals
- Nationality: Resident Indians, Non-resident Indians (NRIs) and Pensioners who have adequate repayment capacity supported by proof viz. Salary slips/Form 16 and Income Tax Returns
- Collateral: Property mortgaged to avail the loan must stand in the name of applicant(s)
While Can Fin Homes Ltd. has not disclosed any cut-offs for home loan applicants’ credit score and EMI/NMI ratios, lenders also take these factors into consideration while evaluating their applicants’ home loan eligibility.
Can Fin Home Loan Documentation
General Documents
- Proof of Identity (Passport, Voter ID, PAN Card, Driving Licence, UID (Aadhaar Card), etc.)
- Proof of Address (Passport, Voter ID, Driving Licence, UID (Aadhaar Card), etc.)
Income Documents for Salaried:
- Salary Slips (last 6 months)
- Bank Statements (latest 6 month)
- Form 16 & Income Tax Returns (ITR)
- Proof of additional income (if any, like Rent, Pension etc.,
- Track record of existing loans if any
Income Documents for Self Employed Professionals/ Non Professionals:
- Copy of Business License/GST registration
- Copy of Partnership Deed / Memorandum of Association and Articles of Association as the
- case may be
- IT returns along with computation sheet, Trading and P&L account, Balance sheet, Capital
- account with all annexures for last two financial years
- Audited Balance sheet, Trading and Profit and Loss account
- Form 3CB/3CD if applicable
- Updated statement of all existing accounts (CA/OD/SB account) for the last one year
- Details of all existing loans with up to date track record
Income Documents for NRI/PIO Borrowers:
- Copy of offer letter/Employment Contract (If offer /contract is in any language other than English, the same has to be translated into English and Attested by Employer/Indian Embassy)
- Visa Stamped on the passport
- Latest six months’ pay slips along with overseas bank statement reflecting the salary credits
- Last six months NRE/NRO statement
- Bio-data/profile covering Educational Qualifications, age, job experience, nature of profession, etc.
- Credit report with scoring issued by credit rating agency
- Power of Attorney (POA) in favour of Local Representative in India who is a Close Relative
- Proof of additional income and existing loans if any, to be provided with repayment track record
Property Documents:
- Original title deeds tracing the title of the property for a minimum period of last 13 years
- Encumbrance certificate for minimum period of last 13 years
- Agreement of sale/construction, if any
- Approved plan/license
- Receipts for having invested the margin money through normal banking channels from the Non-Resident (External) account in India and/or the Non-Resident (Ordinary) account in India
- Latest tax paid receipt
- Khata/Chitta/Patta/Adangal/7×12 Extra/Khasra-Khatoni etc. in the name of the owner of property
Also know the documents required for home loan by other banks and HFCs.
Can Fin Home Loan EMI Calculator
Home Loan EMI Calculator
₹
%
Year(s)
Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs on Can fin Home Loan
1. How to apply for the Can Fin Home Loan?
Ans. To apply for Can Fin Home, download the loan application form online from its official website or obtain it from the nearest branch. Fill out the form and submit it along with the required set of documents at the nearest branch. Alternatively, you can visit the lender’s official website and fill out the form available at the homepage of their website. Customers can also visit the Customer Portal through the homepage of the website and click on the “New online application form” link to start with the online loan application process.
2. Who can be my Can Fin Home Loan co-applicant?
Ans. Close members of your family like your spouse, parents, etc. can be co-applicants in your home loan application. It is also compulsory for all co-owners of the property to be co-applicants in your home loan application.
3. Are there any tax benefits on the Can Fin Home Loans?
Ans. Yes, individuals availing Can Fin Home Loans can claim tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act on the home loan principal repaid in a financial year. Individuals can also claim tax deduction of up to Rs 2 lakh under Section 24(b) of the IT Act on the interest paid on a home loan in a financial year.
4. How to get a Home Loan Statement and IT Certificate?
Ans. You can get your home loan statement and IT certificate from your nearest branch of Can Fin Homes Ltd. You can also try logging in the Can Fin Customer Portal to check if these documents are available there.
5. Can I increase the tenure on my Canfin Homes Loan?
Ans. Canfin Homes Ltd. has not mentioned if its home loan borrowers can extend their loan tenure. However, most banks and HFCs allow their home loan borrowers to extend their loan tenure, especially when they are facing financial hardships. However, the approval of increased loan tenure would be subject to the maximum tenure offered by the lender or maximum age allowed at the time of loan maturity.
Before requesting for tenure increase, home loan borrowers should know that the tenure extension may harm their credit score and hence, their future loans and credit card eligibility. This is because the request for tenure extension is considered as loan restructuring and for credit bureaus, such requests are considered as a negative credit event. Due to this, credit bureaus may reduce the credit scores of home loan borrowers opting for tenure increase. Therefore, home loan borrowers struggling with their current EMI payments should opt for home loan transfer facility instead of tenure increase. Choosing this facility will allow them to transfer their outstanding home loan amount to other lenders at lower interest rates, consequently leading to lower EMIs. Through the balance transfer facility, borrowers may also choose for longer tenure, if deemed eligible by the new lender.