Can Fin Homes

What Can Fin Homes does

Can Fin Homes Limited is a publicly listed Indian housing finance company (BSE: 511196) incorporated in 1987 and headquartered in Bengaluru, promoted by Canara Bank which holds approximately 30% of equity. It serves retail borrowers—predominantly low- and middle-income salaried individuals (about 74% of lending) and first-time homebuyers—through a portfolio of 24 loan products centered on individual housing loans (89% of loan book) and complemented by non-housing loans such as mortgage, personal, top-up, education, commercial property, and rooftop solar loans, plus government-aligned schemes (PMAY, CFHL Nischint for pensioners, Canfin Vishwas for thin-file borrowers). Deposit products (fixed and cumulative deposits) are also offered under one of the few NHB-granted public-deposit-taking permissions for an HFC.

The operating platform runs on a Core Banking System (Integrated Business Suite) migrated in 2013, with a Central Credit Processing Centre, Central Disbursement System, and an Offsite Transaction Monitoring System (OTMS) all anchored in Bengaluru to standardize underwriting and servicing across a 250–257 branch network spanning 100+ cities and 21 states/UTs. Lead sourcing relies on Direct Selling Agents, Canara Bank referrals, and digital self-service (customer portal, EMI/deposit calculators, instant in-principle-offer flow), with credit appraisal retained centrally.

Revenue is generated primarily through interest income on the loan book (FY26 standalone net sales of ₹4,216.27 crore; Q1 FY27 standalone net sales of ₹1,096.15 crore, +7.43% YoY), supplemented by processing fees and corporate agency commission from insurance distribution partnerships with Canara HSBC Life and Bajaj Allianz General Insurance. Loan pricing is risk-graded (S1/S2+/S2/S3) and segmented by salaried vs. self-employed non-professional, with rate loadings for documentation gaps; the FY26 loan book stood at ₹42,209 crore (~10% YoY growth), asset quality at Gross NPA 0.85% / Net NPA 0.37%, and NIM at 3.93%. Growth is funded through NHB refinance, bank borrowings, deposits, and a recently authorized ₹5,000 crore NCD program, with a stated strategic target of 40% of incremental disbursements from northern India by March 2028.

Name

Can Fin Homes

Legal name

Can Fin Homes Limited

Website

https://canfinhomes.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Can Fin Homes is a publicly listed Indian housing finance company promoted by Canara Bank, offering housing, mortgage, and personal loans plus public deposits to retail borrowers—primarily low- and middle-income salaried individuals—through a 250+ branch network across India.

Ownership category

akta.pro rank

Product category

Housing Finance

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL)

akta.pro secondary industries

New Construction-to-Perm (Single-Family Owner-Occupied) (FSALAHAA), Closed-End Home Equity Loans (Second Mortgages) (FSALAGAA)

Keywords

• Housing finance
• Home loans
• Mortgage lending
• Affordable housing
• Loan against property

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Interest Income on Loans: Primary revenue stream from interest income on housing and non-housing loans. Average ticket size of Rs.18 Lakhs under Housing Loans and Rs.9 Lakhs under Non-Housing Loans. Loan book composition: 89% Housing Loans and 11% Non-Housing Loans.
2. Processing and Other Fees: Processing fees and other charges on loan products. Also earns fee income through corporate agency distribution of insurance products.
3. Deposit Operations: Accepts fixed deposits and cumulative deposits from public (one of few HFCs permitted by NHB). Minimum deposit Rs.2 lakhs for fixed deposits.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Can Fin Homes is a housing finance company that extends Individual Housing Loans, Affordable Housing Loans (including PMAY-subsidised), Composite Loans, Site Loans, Mortgage/Loan Against Property, Commercial Property Loans, Loan against Rent Receivables, Personal Loans, Top-up Loans, Children's Education Loans, Pensioner Loans (CFHL Nischint), Canfin Vishwas, I Secure and Rooftop Solar Loans to individuals and small businesses, and accepts Fixed and Cumulative Deposits from the public. Average ticket size is Rs.18 lakhs under housing loans and Rs.9 lakhs under non-housing loans.

Product overview

Can Fin Homes is a housing finance company promoted by Canara Bank, offering a comprehensive suite of 24 loan products and deposit schemes. The core product portfolio centers on housing loans (89% of loan book) including Individual Housing Loans, Affordable Housing Loans, Composite Loans, and PMAY-linked schemes, complemented by non-housing products such as Mortgage Loans, Personal Loans, and Top-up Loans. The company also offers deposit products including Fixed Deposits and Cumulative Deposits. The product architecture is organized as a platform-plus-product model with housing finance as the primary focus, supplemented by various specialized loan products targeting different customer segments including salaried professionals, self-employed individuals, and pensioners.

Differentiator

Problem solved

Functional benefit

Brands

• Canfin Vishwas: First home buyer scheme for salaried individuals with minimal/no documented income proof but verifiable digital banking footprints, and self-employed non-professionals without ITRs but with stable income streams. Maximum loan Rs.20 lakhs with 30% minimum margin.
• ISS PMAY
• CFHL Nischint

Products and services

• Individual Housing Loans Housing loans for individuals to purchase ready-built houses/flats, construct houses, or undertake extension, repairs and renovation of properties. Maximum repayment tenure of 30 years with margin requirements of 15-25% based on loan amount. Floating rates 8.95-11.00%; fixed rates 11.95-14.00% depending on borrower type.
• Affordable Housing Loan - Urban Affordable housing loan for individuals in statutory towns under PMAY with annual household income not exceeding Rs.6 lakhs. Maximum loan tenure of 30 years subject to maximum age of 70 years.
• ISS PMAY (Interest Subsidy Scheme) Interest subsidy scheme under Pradhan Mantri Awas Yojana for households with annual income up to Rs.9 lakh, offering subsidy benefits up to Rs.1.80 lakh and maximum loan amounts up to Rs.25 lakh.
• Composite Loans Combined loan for purchase of site and construction of house thereon, financing both land acquisition and construction in a single facility.
• Canfin Vishwas First home buyer scheme for salaried individuals with minimal/no documented income but verifiable digital banking footprints, and self-employed non-professionals without ITRs but with stable income streams. Maximum loan Rs.20 lakhs at fixed interest rates of 11.50-12.50% with 30% minimum margin.
• Mortgage Loans (Loan Against Property) Mortgage loans for meeting any genuine needs using property as collateral, with LTV up to 60% of market value and maximum repayment tenure of 20 years. Floating 10.95-12.75%; fixed 13.95-15.75%.
• Loans for Commercial Properties Loans for construction/purchase of commercial properties including multi-unit housing, shops, PG accommodations, with minimum margin of 30% and maximum repayment of 15 years.
• Loan against Rent Receivables Loans against rent receivables from properties leased to corporates, PSUs, and government undertakings, with LTV up to 85% and maximum loan amount of 75% of net rent receivables.
• Personal Loans Personal loans for existing borrowers who have completed minimum 6 months from EMI commencement, with maximum loan amount of Rs.75 lakhs secured by further mortgage of existing property.
• Loans for Children Education Education loans for children of existing borrowers who have completed one year of housing loan tenure, with maximum margin of 20% for loans above Rs.5 lakhs.
• CFHL Nischint (Loan for Pensioners) Special loan product for pensioners of central/state governments and government undertakings, with loan amounts ranging from Rs.2-25 lakhs and repayment tenure of 5-10 years.
• Rooftop Solar Loan Scheme Loans for purchase and installation of 3KW to 10KW rooftop solar photovoltaic systems on independent houses/villas, with maximum loan of Rs.10 lakhs and repayment up to 10 years.
• Fixed Deposits Fixed term deposits with minimum amount of Rs.2 lakhs (Rs.10 lakhs for monthly interest option), interest rates 6.50-7.25% for tenures of 12-60 months; senior citizens get additional 0.50%.
• Cumulative Deposits Lump sum deposits with interest compounded quarterly and payable on maturity, minimum Rs.20,000, tenures 12-60 months; senior citizens get additional 0.50%.

Quantifiable outcome

• Gross NPA maintained at 0.85% and Net NPA at 0.37% in FY26
• +4 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• Canara HSBC Life Insurance Co. LimitedminorStrategic or Co-development PartnerJoint partnership for providing life insurance products to protect lives and cover loans of borrowers/customers opting for insurance coverage.
• Bajaj Allianz General Insurance Co. LimitedminorStrategic or Co-development PartnerCorporate agency partnership for distribution of general insurance products including Motor Insurance, Travel Insurance, Property Insurance, Personal Accident Insurance, Marine Insurance, and Liability Insurance Policies approved by IRDAI.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• IIFL Home Finance: Affordable housing and MSME-focused HFC with a presence in tier 2 and tier 3 markets. Comparable in prime-plus product offerings and small-ticket housing loan focus, though with a more emerging-stage operating model.

Direct peers

• LIC Housing Finance: One of India's largest housing finance companies, focused on retail home loans with a pan-India branch network and a parent-promoter (LIC) structure analogous to Can Fin Homes' Canara Bank relationship. Directly comparable in product mix, customer segments, and AAA credit profile.
• PNB Housing Finance: Bank-promoted HFC with a similar retail housing loan focus, parent-bank referral channel (Punjab National Bank), and pan-India distribution. Closely comparable in liability profile, asset quality focus, and salaried borrower concentration.
• Bajaj Housing Finance: Large HFC with diversified home loan, loan-against-property, and affordable housing products. Comparable in retail mortgage origination, AAA credit ratings, and aggressive AUM growth trajectory.
• Aadhar Housing Finance: HFC focused on affordable and low-income housing finance, with a similar emphasis on first-time home buyers and PMAY-linked offerings. Directly comparable in target customer segment and ticket-size profile.
• Aavas Financiers: Affordable housing finance company serving low and middle income salaried and self-employed customers. Comparable in customer segment focus, geographic mix (significant northern India presence), and housing loan product suite.
• Home First Finance Company India: Technology-led HFC focused on salaried and self-employed home buyers in tier 1 and tier 2 cities. Comparable in ticket size, technology-enabled processing, and asset-quality focus.
• India Shelter Finance Corporation: Affordable housing finance company targeting salaried and self-employed customers in tier 2 and tier 3 markets. Comparable in customer segment, geographic footprint, and small-ticket origination strategy.
• Repco Home Finance: Mid-sized HFC with a focus on salaried home loan customers in tier 2 and tier 3 cities. Comparable in ticket size, south-India historical concentration, and retail mortgage origination model.

Broad incumbents

• Canara Bank: Parent bank and 30% shareholder of Can Fin Homes. While a broader PSU bank offering home loans as part of a full banking suite, it is the primary referral channel and serves as the comparator for the HFC's deposit-taking and lending economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/canfinhomes
• Facebookfacebook.com/Can-Fin-Homes-Ltd-CFHL-551738988182408
• YouTubeyoutube.com/channel/UCwO6qLtJqETrWA3U5XhJp4A
• Xx.com/canfinhomesltd
• LinkedInlinkedin.com/company/canfinhomes-ltd

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Can Fin Homes