Can Fin Homes Ltd opens new branch

ST Correspondent
Thursday, 27 September 2018

Can Fin Homes Ltd, the housing finance company sponsored by Canara Bank,  has successfully completed three decades. The company has recently opened its branch at Hinjawadi and with its opening the network has expanded to 186 (151 branches, 21 Affordable Housing Loan Centres (AHLCs) and 14 satellite offices).

Pune: Can Fin Homes Ltd, the housing finance company sponsored by Canara Bank,  has successfully completed three decades. The company has recently opened its branch at Hinjawadi and with its opening the network has expanded to 186 (151 branches, 21 Affordable Housing Loan Centres (AHLCs) and 14 satellite offices).

The new branch was inaugurated by  Mayur Kudale, Director-M/s Kudale Patil Builders in the presence of Sandeep Gaware, General Manager of Canara Bank; Shreekant Bhandiwad, Deputy Managing Director of Can Fin Homes Ltd; Sandeep Rao, Deputy General Manager of Canara Bank; Umesh Pai, Senior Manager of Pune branch; Jayawardhan Shirsat, manager of the newly-opened branch, staff and well-wishers of the company.

The vision of the company is translating dreams into reality and motto of friendship finance is now extended to the locals in the vicinity. During the financial year 2017-18 gone by, Can Fin Homes crossed three landmarks i.e., Loan Book of 15,000 crore, Net Interest Income (NII) of Rs 500 crore and Profit After Tax (PAT) of Rs300 crore.

Other products
Apart from the normal housing loans and mortgage loans, the company is also extending Flexi Loan against Property (Flexi LAP), Commercial Housing Loans (CHL), Loans for Commercial Property (LCP), and Personal Loans (PL) for existing customers.

The company is also augmenting its lending under Credit Link Subsidy Schemes of Pradhan Mantri Awas Yojana to the EWS, LIG (Low Income Group) and MIG (Middle Income Group).

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