Central Bank of India Housing Loan – Central Bank of India provide home loan for -
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)
» 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.
Central Bank of India Housing loan Interest Rates – BPLR (w.e.f. 01.04.2009) 12.00% p.a.
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Direct Housing Finance Scheme (DHFS) |
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|
Housing Loan upto Rs.30 lakh |
Housing Loan above Rs.30 lakh |
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|
Tenure |
Fixed |
Floating |
Fixed |
Floating |
| Up to 5 years | 10.00% | 8.75% (BPLR – 3.25%) | 10.75% | 9.25% (BPLR-2.75%) |
| Over 5 years and less than 10 years | NA | 9.25% (BPLR – 2.75%) | NA | 9.75% (BPLR – 2.25%) |
| 10 years and above | NA | 9.75% (BPLR – 2.25%) | NA | 10.25% (BPLR – 1.75%) |
Processing Charges
» 0.50% of the loan amount subject to maximum Rs.20,000.00.
♦ 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
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