How Canfin Homes EMI Calculator Can Be Beneficial For You?

A home owned by yourself is the most important thing which everyone desires to fulfill in their life at some point in time. Canfin Homes, one of the leading contenders in the housing finance sector with an experience of over 31 years, can help you in owning your home. Having more than 154 branches, 21 Affordable Housing Loan Centres (AHLCs), and a total of 14 satellite offices in over 21 states and union territories. Canfin Homes gives affordable home loans for home renovation, home extension, as well as for home conversion, land purchase, and plot purchase. But while looking out the loan options, some people are too hesitant about the monthly installments they have to repay the loan amount. 

The EMI amount is important as it can make a dent in your monthly budget if don’t plan smartly about it by giving thought to all the factors. You don’t want to make your Home Loan as a continuing regret for yourself. Let’s have a look at the Canfin Homes EMI calculator, made exclusively for to clear your hesitance about the EMI amount. 

Canfin Homes EMI Calculator

With the help of Canfin Homes EMI Calculator, you can easily calculate the amount which you have to replay against the loan taken from the Canfin Homes by filling out the basic details mentioned below. 

• Amount of Loan required
• Rate of interest
• Tenure period in months required to repay the loan

Available on the official website of Canfin Homes, this calculator is just magical in terms of calculating the exact amount of EMI based on the details filled by you in the required space. The first thing you need to be filled will be the loan amount you require which can range from Rs 50,000 to Rs 10,000,000. You can fill this by sliding the slider available against the loan amount required space. The rate of interest can also be filled by adjusting the slider to your desired amount. The last thing will be the number of months, also called a tenure period, in which you have to pay on every month. Canfin Homes gives home loan for the period of 1 year to 30 years. After putting all the details, you get the EMI amount based on the details you filled. Canfin Homes offers the EMI as minimum as Rs 787 on per lakh of the loan amount.

Canfin Homes Interest Rates

Interest rates play a hugely important role in determining the number of monthly installements you pay to the bank. Various bank offers loan at a different rate of interest which depends on various factors such as monthly income, your CIBIL score, your age and many other. As banks tend to give home loans to the self-employed at a much higher rate compared to the salaried borrowers. 

It also depends on the loan amount you’re opting fro as Canfin Homes offers loan amount up to Rs 25 Lakhs at an interest rate of 8.75% and above the loan amount of Rs 25 Lakhs at the rate of interest ranging from 8.85% to 8.95%. It also depends on the type of loan you’re choosing from a range of loans from the Canfin Homes such as Individual Housing Loans, Individual Super Housing Loans, Commercial Housing Loan, Affordable Housing Loans, Composite Loan, CanFin Top-up Loan, and many others. Canfin Homes Interest Rates also depends on some factors such as current obligations, your home loan eligibility, and the EMI amount you’re deciding for your Home Loan.