Commercial Housing loan (CHL)

Commercial Housing Loan (CHL) apply-for-product-leads

1.

Purpose

  • Purchase of a ready built house/ Flat/Flat under construction for 3rd unit onwards.
  • Construction of house for 3rd unit onwards.
  • Purchase of site and construction of a house thereon for 3rd unit onwards.
  • undertaking extension, repairs, renovation, up gradation, creation of additional amenities for 3rd unit onwards.
  • For Taking over the HL liability from other recognized Financial Institutions/ Banks for 3rd unit onwards.
2

Eligibility

  • Individuals who are salaried/ professionals/ SE & NP / NRI /pensioner who have adequate repayment capacity supported by Proof viz, Salary slips/Form 16 and Income Tax Returns.
  • Property proposed for mortgage to stand in the name of applicants.
 3

Security

  • Mortgage of the property being financed.
  • Collateral: on case-to-case basis.
4

Margin

  •  Up to Rs. 75 lacs - 20%.
  • Above Rs.75 lacs - 25%.
5

Rate of interest

Prevailing card rate.

6

Repayment

Maximum up to 30 yrs.

7

Other Benefits

Borrowers with good track record are eligible for Top-up and Personal loan.

apply-for-product-leads
Chat Online
Hello!
Welcome to Can Fin Homes Limited!