Central Bank of India Home Loan | Interest Rates 2022 | EMI Eligibility Calculator

Central Bank of India home Loan: Instant Quotes on ✔ Low EMI ✔ Low Interest Rate ✔ Loan Amount ✔ Documents & Processing Fees. Check & Compare Home Loan Eligibility with Calculator Online.

Latest Update as on 13 Sep 2022 – Processing Charges on “Cent Home Loan Scheme” is waived up to 31.08.2022 under” Welcome Monsoon Retail Campaign” .

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.

Home Loan applications received for rupees ₹ 419,027 crores till 27 November 2022

Apply for Home Loan & Check your CIBIL score absolutely FREE.

Loan Amount

Annual Income


120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 6.90% for women, 6.95% for Others.

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.

Central Bank of India Home Loan Interest Rates

Tenure Term

Interest Rate

Cent Home Loan

7.20% to 7.65%

Cent Home loan Double Plus (OD)

7.20% to 7.65%

Cent Home Loan Plus

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

2 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.

6 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 Rs.20,000/-+ GST

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

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