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Can Fin launches non-housing finance products
By Our Staff Reporter
BANGALORE,
MARCH 1.
Can Fin Homes today launched three non-housing finance products, Venture, Networth and N-Cash.
The Managing Director, K. Venkataramaiah, told mediapersons that Venture was the Premises Loan Scheme for professionals wherein they can avail themselves of a loan up to Rs. 50 lakhs for purchase, construction, extension and renovation of office premises. The repayment will be 10 years with an interest rate of 11 per cent.
Under Networth, the bank offered mortgage loan up to Rs. 25 lakhs for meeting any genuine purposes. The third scheme, N-Cash, would enable professionals take loan against rent receivables. The limit had been fixed at Rs. 50 lakhs.
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