Financial Daily from THE HINDU group of publications
Friday, Jan 30, 2004
Financial Daily from THE HINDU group of publications Friday, Jan 30, 2004 |
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Money & Banking
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Credit Market New Can Fin loan scheme Our Bureau
THIRUVANANTHAPURAM: Can Fin Homes has launched a new product, Personal Loan Scheme, for existing borrowers. An official spokesman quoted the Managing Director, Mr Peter Cardozo, as saying that loan applications up to Rs 2 lakh for meeting personal commitments will be considered under the scheme. The scheme is open to borrowers with a satisfactory track record of two years, but subject to terms and conditions. The main attractions of the scheme are instant approval, bare minimum documentation and quick disbursement. The loan would come in handy for meeting the borrower's personal expenses such as education, marriage and medical expenses. The scheme is expected to generate good response, given the needs of the salaried class for meeting income tax-related savings during the last quarter of a financial year.
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