Central Bank of India Home Loan | Interest Rates | Documents

Central Bank of India Housing Loan – Central Bank of India provide home loan with Lowest Interest Rates, Less EMi and Documents.
1. For construction/acquiring of new or existing house/flat not older than 30 years.
2. For extension in the existing flat.
3. For repairs /renovation/ alteration in the existing flats.
4. For purchase of Plot for construction of house with composite plan.
5. Attractive Home loan rates.

Repayment of Home Loan under Direct Housing Finance Scheme (DHFS)

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» Maximum period of 25 years or age of retirement or on borrower reaching the age of 70 years whichever is earlier.
» In the case of new construction, installments will start after 18 months from the date of first disbursement or 6 months, after the date of completion whichever is earlier.  In other cases, installments will start from second month of disbursement.


Tenure Term

Interest Rate

Loan Up to 30 lacs


Loans 30 lac to 75 lacs


Loans Above 75 Lacs


Cent Home Loan Plus
Purpose – Refurbishment / renovation /furnishing of house or buying furniture /LCD TV/ Home theatre etc.

Eligibility – Existing Borrowers under Direct Housing Finance Scheme having completed minimum 3 (three) years of repayment schedule without any default.

In case Housing loan is in Joint Name, Both the Joint borrowers should join as borrower for the loan or consent / no objection for extending charge of house property created out of Housing loan should be obtained.

3 Quantum of Loan – Maximum of Rs.10.00 lakhs.

4 Margin – 25% on the Present Market value of the property for aggregate loan up to Rs.30 lakhs including the proposed limit under this scheme.

35% on the Present Market value of the property for aggregate loan above Rs.30 lakhs including the proposed limit under this scheme

5 Security – Extension of mortgage on the House property for which Housing Loan was sanctioned.

The rate of interest will be 1% percent more than the rate of existing housing loan in case of buying of furniture, television, home theatre etc.

Repayment – 10 years in Equal Monthly Installments.

For salaried individuals up to 70 years provided post retirement income is adequate to repay the EMI.

7 Processing Fee – Rs. 500/- for each loan

Prepayment Charges

» Nil in case borrower repays entire loan amount out of his/her own sources.  1% of outstanding amount if account is taken over by other Bank/FIs.

Take over of loan

» Take over of loan from other Bank/FI is allowed on certain terms and conditions.

Available Products of Central Bank of India

Contact Number

Mumbai – 022 – 6638 7777, Agra – 0562 – 2850154/3424, Ahmedabad – 079 – 25503586, Bhopal – 0755 – 2674037/36/35/34/33, Chennai -044 – 28554792/4692/4620,New Delhi – 011 – 23318964, 23319268/69

Source: Central Bank of India Website

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