Central Bank of India Home Loan
Central Bank of India Home Loan
Central Bank of India Home Loan
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Central Bank of India Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Central Bank of India Home Loan Key Highlights
Loan Amount Up to Rs. 30 lakh
Rate of Interest Starts at 8.50% per annum
Processing Fee 0.50% up to INR 20,000
Maximum Tenure for Repayment 30 years
Rate Packages Floating
Charges for Prepayment/Foreclosure Nil
Central Bank of India Home Loan Interest Rates in 2026
Being a public sector bank, the Central Bank of India Home Loan is known for its affordable interest rates. The current interest rate offered by the bank 8.10% per annum. The Central Bank of India home loan is available for resident Indian citizens and Non-Resident Indians (NRIs). Check the table below to find different home loan schemes and their Central Bank of India home loan interest rates:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Cent Grih Lakshmi (Women borrowers) | Starts at 8.35% per annum |
| Cent Home Loan (Resident Indians and NRIs) | Starts at 8.50% per annum |
| Cent Home Double Plus Scheme (Salaried/self-employed) | Starts at 9.35% per annum |
| Top-up Facility To Cent Home Loan Beneficiaries | Starts at 9% per annum |
Central Bank of India Home Loan Eligibility Criteria
Central Bank of India provides home loans to all resident Indian citizens as well as non-resident Indians (NRIs) of 18 years and above including salaried, self-employed, or non-salaried applicants with a regular source of income. Every applicant needs to fulfill the Central Bank of India home loan eligibility criteria as defined for each loan category.
For Salaried Individuals
Age Range (in years)
18 years and above
Nationality
Resident Indian citizens and Non-Resident Indians (NRIs)
Minimum Income Earned
Rs. 25,000 per month
For Self-Employed Individuals
Age Range (in years)
18 years and above
Nationality
Resident Indian citizens and Non-Resident Indians (NRIs)
Minimum Income Earned
Rs. 25,000 per month
Central Bank of India Home Loan Processing Fee and Charges
Banks and non-banking financial companies (NBFCs) incur a certain cost in processing home loan applications. Hence, these organizations charge a processing fee to process your loan application. The Central Bank of India home loan charges 0.50% of the loan amount as a processing fee for all applicants to process their home loan applications.
| Processing Fee | Up to 0.50% |
| API Integration Charges | INR 81 + GST (for fresh proposals) |
| Documentation Charges | INR 1350 + GST |
Central Bank of India Home Loan Schemes and Top Plans
The Central Bank of India Home Loan presents several schemes for resident Indians and NRIs to avail of affordable housing loans. Below are the top Central Bank of India home loan schemes and plans that are popular among customers:
- This home loan is available to purchase a plot of land for constructing a house
- You can also avail of this loan to purchase or construct a new house or flat as well as to renovate an existing house
- The loan can be availed by resident Indian citizens and NRIs above the age of 18 years
- This scheme is available to women who are sole borrowers or first-named borrowers of the loan
- The scheme allows waiver of the last few EMIs
- Other terms and conditions of this scheme are similar to the regular housing loan schemes
- This home loan is divided into two parts - a home loan with an overdraft facility and a term loan for other purposes
- The loan can be availed by salaried, non-salaried, or self-employed individuals
- The overdraft facility allows efficient management of cash flow and minimizes the interest burden
- This loan is available to buy/construct a new house or to acquire an existing house/flat that is not more than 40 years old and has 10 years of life remaining beyond the loan tenure.
- The quantum of the loan, in this case, is based on the repaying capacity of the borrower and the value of the property
- The loan is available for both salaried and non-salaried borrowers
- A top-up loan is offered for all personal needs
- This loan is available for individuals with single or joint home loan accounts with the Central Bank
- The quantum of the loan ranges between a minimum of INR 2 lakh and a maximum of INR 100 lakh
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Central Bank of India Home Loan, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Central Bank of India Home Loan
Below is a list of Central Bank of India home loan documents required to be produced by an applicant:
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply Home Loan Through BASIC Home Loan
Online and offline modes are available to apply for home loans from the Central Bank. The Central Bank of India home loan apply online is a simple and quick procedure to be done by following the below-mentioned steps:
Apply Now on the BASIC Website
Proceed to the 'APPLY NOW' section on the BASIC Home Loan website.
Enter Your Details and Submit
Fill in the form by entering your name, contact number, and other required details, and submit the form.
Our Expert Will Reach Out to You
A BASIC Home Loan team representative will connect with you shortly to assist you through the entire home loan application process.
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