Central Bank of India Home Loan Interest Rate - January 2025

Central Bank of India is amongst the leading financial companies of India and with attractive schemes for home loans, the bank has attracted customers throughout the country over the years. Let’s take a look at the Central Bank of India home loan interest rate 2023 and compare the different schemes offered for a home loan.

Central Bank of India Home Loan Interest Rate 2025

The Central Bank of India offers a variety of different home loan schemes to their clients based on their ability to repay the rent. Central Bank of India Home Loan Interest Rate starts at 6.85% p.a. making it one of the lowest interest rates by a top lender in India. Central Bank of India Home Loan interest rate goes up to 7.30% p.a. Which is still lesser than a lot of leading financial institutes. Let's take a brief look at all the major details including the Central Bank of India current home loan interest rates. 

Central Bank of India Home Loan Details

Interest Rate	6.85% onwards
REPO Rate	4%
Reverse REPO Rate	3.35%
Total Loan Amount	Up to 90% of the property value
Maximum Tenure Available	Up to 30 years
Central Bank of India Home Loan Processing Fee	0.50% of the Loan Amount (Max. of Rs. 20,000) + GST
Type of Interest	Floating

Benefits of Availing Central Bank of India Home Loan

• Low-interest rates starting from 6.85% p.a.
• High repayment period of up to 30 years
• Higher loan to value ratio of up to 90% value of a house
• Zero to minimum paperwork
• Balance transfer available
• Both Resident & Non-resident Indians can apply.
• Central Bank of India foreclosure charges is zero. 
• You can find an online Central Bank of India home loan interest rate calculator 
• Female applicants can avail central bank of india home loan subsidy.

Central Bank of India Home Loan Interest Rates: Types of Schemes

Here are the Central Bank of India current home loan- Cent Home Loan interest rates for the different types of schemes offered:

Type of Central Bank Home Loan Scheme	Central Bank of India Home Loan Interest Rate
Cent Home Loan	6.85% p.a. to 7.30% p.a.
Cent Home Loan Double Plus	6.85% onwards
Cent Combo	Contact the bank
Cent Home Loan to employees	Contact the bank
Cent Home Loan scheme for the purchase of 3rd or 4th Flat/House/Apartment	8% to 8.20% p.a.

Central Bank of India Home Loan: Overview of Home Loan Schemes

1. Central Bank Cent Home Loan to Employees

The scheme is exclusively available for all permanent employees of central/state governments and PSUs of the centre. The loan amount can be availed of and used for:

• constructing/acquiring new or existing flat (should not be older than 30 years)
• Extending current house/flat
• Repairs or alterations in current house/flat

Interest rate: Contact the bank

Processing fee: 0.50% of the home loan amount (max. Rs.20,000+tax) which is waived on maintaining a salary account with the central bank.

2. Central Bank Cent Home Loan

This home loan is offered to existing home loan borrowers on a moratorium period of up to 36 months. The loan amount and tenure depend on the repayment capacity of the applicant and varies. The maximum tenure that can be availed of is up to 30 years. The loan amount can be used for:

• constructing/acquiring new or existing flat (should not be older than 30 years)
• Extending current house/flat
• Repairs or alterations in current house/flat

Interest rate: 7.10% p.a. To 8.85%

Processing fee: Rs.500 for each loan

3. Central Bank Cent Combo Home Loan

This scheme is suitable for applicants looking for a home loan and a vehicle loan together. The combo benefits are:
Interest rate: Contact the bank

Processing fee: 0.25% of the total home loan amount (max. Rs.20,000+tax)

4. Cent Home Double Plus

This scheme is available in two variants and can be applied based on the requirement. The scheme variants are:

• Central Bank Home loan with Overdraft Facility
• Central Bank Term Loan for repair/ Renovation of the existing property/ Central Bank of India Loan top-up

Interest Rate: 6.85% p.a. onwards

Processing fee: 0.50% of the total loan amount (max. Rs.20,000+tax)

Central Bank of India Home Loan Eligibility

Age	Minimum- 18 years maximum- 70 years
Employment and Residency Eligibility	● Resident Salaried and self-employed professionals● Non-Resident salaried and self-employed professionals
Maximum Loan Amount	90% of the property value
Other Conditions	● High credit rating score● Clear record in terms of past loan payments

Central Bank of India Home Loan: Documents Required

Here’s a list of documents required if you are planning to apply for Central Bank of India Home Loans: 

Identity proof (anyone)	Copy of PAN Card/ valid passport/ Driving license/ Aadhaar Card/ Election Card.
Address proof (anyone)	Copy of valid passport/ Aadhaar Card// Voter ID/ Copy of utility bills/ Driving license.
Income Proof	Recent salary slips, Latest Form 16 or ITR
Other documents that may be required	Valuation certificate, NOC from the housing society, Agreement of construction with Develop, Sale agreement/ Approved construction plan/ Original property title deeds.

Central Bank of India Home Loan EMI Calculator 

Central Bank of India housing loan interest rate starts from 6.85% onwards and applicants can get a rough idea of the total amount to be repaid using the official CBI home loan calculator. check below for the central bank of India EMI calculator. 

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The Central Bank of India Home Loan Interest Rate today starts from 6.85% and goes up to 8.85% for different schemes. Applicants can apply for the various schemes directly with Central Bank and wait for their loan approval. If you are still looking for your dream house, end your search with NoBroker.com. Search from thousands of properties available for buying and renting and save thousands of rupees with our zero-brokerage promise. Comment about your requirements under this blog and our executive team will be in touch with you. 

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