Can Fin Homes (CANFINHOME), a subsidiary of Canara Bank, provides long-term housing loans and offers fixed deposit programs. The company was incorporated on Oct. 28, 1987 by Canara Bank in association with reputed financial institutions including HDFC and UTI. Canara Bank holds 29.3% of equity in the company. The managing director of the company is K. Venkataramaiah. The company provides long term finance to individuals for construction or purchase of residential houses/flats and to companies or corporations or societies or associations for the purpose of construction or purchase of residential houses/flats. Personal loans to the existing borrowers, loans for purchase of sites, insurance cover for loanees, ..etc., are some examples of innovation/value addition. The company also diversified by launching non-housing finance products like premises loan for practicing professionals (venture), mortgage loans (net worth) and loan against rent receivables ( N-Cash). The company is the first and the biggest bank sponsored housing finance company (HFC) in the country. The company offers several fixed deposit schemes which enjoy MAA+ rating, the highest possible under High Safety rating. The company has also tied up with Aviva Life Insurance (India), a leading life insurance company in the private sector. The new feature known as Can Fin Loan Shield will cover life risk of the company`s borrowers and save families from the hardship of clearing the housing loan liability in the unfortunate event of the death of the borrower. The company has 41 branches and 3 representative offices spread across the country. The registered office of the company is at No.29/1, Sir M. N. Krishna Rao Road, Basavanagudi, Bangalore-560004.
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