Central Bank of India Home Loan Interest Rates – 2016

Central Bank of India Housing Loan: Apply Online for ✔ Low EMI ✔ Low Interest Rate ✔ Instant e-Approval ✔ Quick Disbursal. Check & Compare Home Loan Eligibility with Calculator Online.

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)

Get instant Quotes on Home Loan Rates, EMI & Eligibility by Top 10 Banks

Loan Amount


Annual income

location icon

54 ,02 , 013 Loan quotes taken till now

• 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @ yourstory .com
• As RBI cuts rate, should you go for fixed home loan Deal4loans views Published @ Economic Times online

Eligibility Criteria:
✔ Individuals , Groups of individuals , who have attained 18 years ( completed) as on date of application and including Cooperative Societies , having a legal, identified and regular source of income either singly or jointly with Parents, sons, spouse.
✔ NRI are also eligible for Housing loan,

Repayment Options:

✔ Maximum period of 30 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.


Updated as on 01 December 2015

Tenure Term

Interest Rate

Loan Up to 30 lacs


Loans 30 lac to 75 lacs


Loans Above 75 Lacs


Trends of last 5 Years Central Bank Home loans vs Rbi Repo rate

Date Change by RBI New Repo Rate Date of Change New Base Rate
Rate Cut
29-Sep-15 0.50%- 6.75% 8-Oct-2015 9.70%
4-Mar-15 0.25% - 7.50% 08-June-2015 9.95%
4-Mar-15 0.25% - 7.50%
15-Jan-15 0.25% - 7.75%
28-Jan-14 0.25% + 8.00%
29-Oct-13 0.25% + 7.75%
20-Sep-13 0.25% + 7.50% 19-Aug-13 10.25%
3-May-13 0.25% - 7.25% 15-Jul-13 10.00%
19-Mar-13 0.25% - 7.50%
29-Jan-13 0.25% - 7.75% 9-Feb-13 10.25%
17-Apr-12 0.50% - 8.00% 1-May-12 10.50%
25-Oct-11 0.25% + 8.50% 1-Aug-11 10.75%
16-Sep-11 0.25% + 8.25%
26-Jul-11 1.25% + 8.00%
25-Jan-11 - 6.50% 9-May-11 10.00%

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 – 0.50% of the loan amount subject to maximum of Rs.20,000/-

Prepayment Charges – No prepayment charges.

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

You might find these relevant:

Tags: ,

  • WRS Info India Pvt. Ltd.
    Address: E-32, Ground Floor, Sector - 8, Noida,
    Uttar Pradesh, India - 201301
    Email: contactus@deal4loans.com
  • Facebook linkedin Twitter Google plus

    © Copyright 2016, Deal4loans, India
  • Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank/agent which you have opted for and we do not charge any fee from our customers. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents.Read More