Range of Interest Rate
8.10% onwards
Processing Fee Range
Nil
Loan Amount
Rs 1 Lakh 10 Crore
Range of Loan Tenure
1- 30 years
Key Salient Features
- Balance Transfer
- Loan Top-Up
- Lowest Interest Rates
Documentation
- KYC – Aadhar Card and PAN Card
- Financial – Bank statement, Salary slips, Latest Form 16
- Property – Builder Buyer Agreement (for resale cases) and all chain agreements.
Trivia
- There are about 4500 + Central Bank of India Branches across India
- It takes an average of 7-14 working days for loan approval
USP’s
Door step service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction
Fee and Charges Details
Processing fees
- Salaried – NIL
- Self-employed – NIL
Disclaimer
- Your loan’s interest rate is subject to your CIBIL score. A higher CIBIL score may result in a lower interest rate.
- All intellectual property, such as trademarks and logos, is the exclusive property of its rightful owner.
| Particulars | Salaried | Self-Employed |
|---|---|---|
| Age | 18 to 60 Years | 18 to 75 Years |
| Prepayment Charges/Foreclosure | Zero | Zero |
FAQs
Typically, when you apply for a Central Bank of India home loan, the following steps given below need to be followed:
- To begin, fill out a home loan application form online.
- Upload necessary KYC, Financial, and Property documents
- Undergo loan processing along with legal and technical verification
- The bank will determine your loan eligibility and issue a sanction letter. It will include important details such as the sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, the validity of the sanction letter, special conditions (if any), and other terms and conditions.
- Once you have submitted all the Central Bank of India home loan required documents and a request for home loan disbursement, the bank will begin issuing your home loan disbursement cheque.
While applying for a Central Bank of India Home Loan there are a few documents that you need to submit. They are as follows:
KYC Documents
KYC Documents
- The previous three months’ salary slips
- Latest 2 years of Form 16
- Business Profile of the Applicant
- Latest 3 years ITR with Computation of Income, Balance Sheet, Profit and Loss Account, and respective schedules
- GST Registration Certificate & Udhyam registration certificate
Property Documents
Central Bank of home loan provides the lowest interest rates available & flexible repayment options. Their customer-centric approach ensures personalized solutions, quick approvals, and expert guidance throughout your home-buying journey. They also offer a seamless ‘Digital’ experience that helps you apply for a home loan without any hassles.
Typically, Central Bank of India Home loan takes a maximum of 7-14 working days to get sanctioned.
If you apply for a Central Bank of India home loan and want to get it approved quickly, you must have a minimum CIBIL score of 700 or above.
Generally, the maximum limit of a Central Bank of India loan is Rs 10 Crore. The minimum home loan amount that Central Bank of India provides is about Rs 1 Lakh.
It is not required to have a co-applicant. However, you should have one while applying for a Central Bank of India Home Loan because it enhances your home loan eligibility, shows the lender your creditworthiness, and increases your chances of improving terms and conditions.
The Central Bank of India home loan interest rate will change depending on your home loan type. They are as given below:
- Fixed Interest Rate: The interest rate remains constant throughout the loan tenure.
- Floating Interest Rate: The interest rate is linked to a benchmark rate like the MCLR (Marginal Cost of Funds based Lending Rate) or the Repo Rate and can change during the loan’s tenure.
Possessing your returns for three financial years can help you quickly secure a Central Bank of India Home Loan. However, you can get a Central Bank of India Home loan despite not having income tax returns for three years. If you want to obtain a small loan and have a solid CIBIL score demonstrating your creditworthiness. you may meet the Central Bank of India home loan eligibility criteria, making it easier to get approved.
Typically, after receiving sanction for a Central Bank of India Home Loan, the loan should be disbursed in a maximum of 4-5 working days.
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Home Loan
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