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Can Fin Homes (CFHL), established in 1987, is promoted by Canara Bank in association with reputed financial institutions including HDFC and UTI. The vision of Canara Bank on the relevance of having an exclusive outfit for providing housing finance at a time when institutional finance was not flowing to the housing sector to the required extent and banks had constraints in locking up funds in long term housing finance saw the birth of CFHL.
It is the first bank and the biggest bank sponsored housing finance company (HFC) in the country and one among the top players in the country's housing finance sector. Now the National Housing Bank (NHB) is also an important equity holder in CFHL.
CFHL was set up with the mission of promoting home ownership and increasing housing stock all over the country.
The housing finance company has a standing of over 22 years. It is one among the four HFCs selected by NHB in its first phase of securitisation programme. It has an all–India presence with a network of 40 branches.
Deposit Scheme – Can Fin Homes has the unique privilege of meeting the varied financial requirements of its customers, be it as a reliable home finance provider or as a competent fixed deposit accepting company. The company offers fixed deposit, cumulative deposit, fixed deposit scheme for senior citizens, cumulative deposit scheme for senior citizens, Canfin Trust Fixed Deposit scheme and Canfin Trust Cumulative Deposit scheme.
Housing Loan Under this, CFHL offers facilities such as finance for construction of a house, loan for the purchase of a flat or house, finance for the acquisition of a plot and construction of a house on the same. Under the composite housing loan scheme; it offers loan for the extension of existing house and loan towards the repairs, renovation and upgradation of a house or flat.
CFHL enjoys 5 Star rating from NHB for the purpose of refinance.