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Central Bank of India Home Loan

Central Bank of India offers home loans @ 7.10% p.a. onwards for loan amounts of up to 90% of the cost of loan and for tenures of up to 30 years. It also offers Cent Grih Lakshmi Home Loan to women borrowers with EMI waivers where the woman is the sole/primary borrower. It also offers home loan overdraft and home loan top-up facilities to its home loan beneficiaries.
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Lowest interest rates starting from 7.1%

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Starting 7.10% p.a.

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
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Step 1: Enter your mobile number in the application form.

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Step 3: Enter details related to your loan requirements.

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Step 5: Compare offers and apply for the best-suited loan.

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Central Bank of India Home Loan Highlights

Particulars Details
Interest Rate 7.10%-9.15% p.a.
Loan Amount (LTV Ratio) For Salaried: Up to 90% of the loan cost
For Non-Salaried: Up to 80% of the loan cost
Tenure Up to 30 years
Processing Fee Up to 0.50% of the loan amount (Maximum Rs 20,000)

Central Bank of India Home Loan Interest Rates

Central Bank of India Home Loan interest rates start from 7.10% p.a. onwards . The lender offers differential home loan interest rates depending on the loan amount offered to the applicants.

Compare Interest Rates of Home Loans for Top Banks & HFCs

Name of Lender Loans of Up to Rs. 30 Lakh
Bank of India 7.10% p.a. onwards Check Eligibility
State Bank of India 7.25% p.a. onwards Check Eligibility
Punjab National Bank 7.20% p.a. onwards Check Eligibility
Canara Bank 7.15% p.a. onwards Check Eligibility
HDFC Bank 7.90% p.a. onwards Check Eligibility
Bajaj Housing Finance 7.40% p.a. onwards Check Eligibility
ICICI Bank 7.65% p.a. onwards Check Eligibility
Axis Bank *8.25% p.a. onwards Check Eligibility
Federal Bank *7.90% p.a. onwards Check Eligibility
Kotak Mahindra Bank 7.70% p.a. onwards Check Eligibility
IDFC FIRST Bank 8.85% p.a. onwards Check Eligibility
IDBI Bank 7.35% p.a. onwards Check Eligibility
RBL Bank 8.20% p.a. onwards Check Eligibility
Tata Capital Housing Finance 7.75% p.a. onwards Check Eligibility
PNB Housing Finance *7.20% p.a. onwards Check Eligibility
Sammaan Capital
(Formerly known as Indiabulls Housing Finance) 		8.75% p.a. onwards Check Eligibility
India Shelter Home Loan 8.43% p.a. onwards Check Eligibility
L&T Finance Limited *8.40% p.a. onwards Check Eligibility
Godrej Housing Finance 7.75% p.a. onwards Check Eligibility
Home First Finance 8.00% p.a. onwards Check Eligibility
Easy Home Finance 8.99% p.a. onwards Check Eligibility
Piramal Capital Housing Finance *8.25% p.a. onwards Check Eligibility
Shubham Housing Finance 10.45% p.a. onwards Check Eligibility
Punjab & Sind Bank 7.30% p.a. onwards Check Eligibility
Jio Housing Finance 8.20% p.a. onwards Check Eligibility
HDFC Sales Pvt Ltd 7.90% p.a. onwards Check Eligibility

Central Bank of India Home Loan Fees and Charges

Particulars Details
Processing Charges Up to 0.50% of the loan amount (Maximum Rs 20,000)
Documentation Charges Rs 1,350 + GST
For Top-up loan- Rs 450 + GST

Types of Central Bank of India Home Loan

Cent Home Loan

This is a regular home loan scheme offered for the following purposes:

Purpose:

  • For acquiring/constructing of new home or flat, or for acquiring an existing home or flat with the remaining life of applied loan tenure plus 10 years
  • For renovation/repair/alteration of existing home/flat
  • For Balance Transfer of home loans to the Central Bank of India from other lenders
  • For furnishing/interiors as part of the project cost

Tenure:

  • For construction or acquisition of a new or existing house/flat not older than 10 years - the repayment tenure of a maximum of 30 years or on borrower attaining the age of 75 years, whichever is earlier subject to repayment capacity, may be allowed
  • For repair/renovation- Up to 10 years

Loan Amount (LTV Ratio):

Loan Amount LTV ratio
Loan amount up to Rs 30 lakh Up to 90% of the cost of property
Loan amount between Rs 30 lakh-Rs 75 lakh Up to 80% of the cost of the property
Loan amount above Rs 75 lakh Up to 75% of the cost of the property
For carrying out repair/renovation/alteration/extension of existing house/flat Up to 75% of the cost (subject to a maximum loan amount of Rs 25 lakh)
For Plot Purchase Up to 75% of the cost of the plot
For construction on the plot purchase As per the loan quantum as above

For furnishing or interiors, up to 15% of their cost is added to the cost of a house or flat, with a maximum loan amount of Rs 50 lakh. However, the loan amount will be limited by the stated LTV ratio.

EMI/NMI ratio:

Nat annual income EMI/NMI Ratio
Up to Rs 1.20 lakh 20%
Above Rs 1.20 lakh and up to Rs 3 lakh 30%
Above Rs 3 lakh and up to Rs 5 lakh 55%
Above Rs 5 lakh and up to Rs 8 lakh 60%
Above Rs 8 lakh and up to Rs 10 lakh 65%
Above Rs 10 lakh 66.67%

Cent Grih Lakshmi

Purpose : Cent Grih Lakshmi is a special home loan facility for women applicants wherein the sole or primary home loan applicant is a woman.

Tenure : Up to 30 years

Cent Home Double Plus Scheme

Purpose:

  • Home Loan with overdraft facility for construction or acquiring of new or existing home/flat.
  • Term Loan for Other Purposes such as repair/renovation/refurbishing or furnishing of new house/purchase of new vehicles/purchase of consumer durables/furniture/solar energy equipment/marriage/education/medical/holiday/tour.

Loan Amount (LTV Ratio) for Salaried Borrowers:

Particulars Details
Loan amount up to Rs 30 lakh Up to 90% of the cost of the property
Loan amount between Rs 30 lakh-Rs 75 lakh Up to 80% of the cost of the property
Loan amount above Rs 75 lakh Up to 75% of the cost of the property
For carrying out repair/renovation/alteration/extension of existing house/flat Up to 75% of the cost (subject to a maximum loan amount of Rs 10 lakh)
Purchasing plot for house construction Up to 75% of the cost of the plot (the cost of the plot should not exceed 75% of the total project cost of the house property)

Loan Amount (LTV Ratio) for Non-Salaried Borrowers:

Particulars Details
Loan amount up to Rs 75 lakh Up to 80% of the cost of the property
Loan amount above Rs 75 lakh Up to 75% of the cost of the property
For carrying out repair/renovation/alteration/extension of existing house/flat Up to 75% of the cost (subject to a maximum loan amount of Rs 10 lakh)
Purchasing plot for house construction Up to 75% of the cost of the plot (the cost of the plot should not exceed 75% of the total project cost of the house property)

Tenure:

  • For salaried applicants - Up to 30 years or on applicant attaining the age of 70 years whichever is earlier.
  • For self-employed applicants - Up to 25 years or on applicant attaining the age of 70 years whichever is earlier.

Cent Top-up Scheme

Purpose:

Home loan top-up facility for additional loan on the existing home loan for construction/purchase of new house or flat or for acquiring existing home/flat and for repair/renovation/alteration of existing home/flat.

Loan Quantum: Rs 2 lakh-Rs 1 crore

Tenure: The repayment tenure cannot exceed the remaining period of the original housing loan.

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Eligibility Criteria for Central Bank of India Home Loan

Cent Home Loan

Central Bank of India home loan eligibility criteria are mentioned below:-

  • Individuals, groups of individuals (18 years of age on the date of application) including persons engaged in agriculture & allied activities.
  • NRI can also apply for a home loan.
  • Net Annual Income:
Net Annual Income EMI/NMI Ratio
Up to Rs 1.20 lakh 20%
Above Rs 1.20 lakh up to Rs 3 lakh 30%
Above Rs 3 lakh up to Rs 5 lakh 55%
Above Rs 5 lakh up to Rs 8 lakh 60%
Above Rs 8 lakh up to Rs 10 lakh 65%
Above Rs 10 lakh 66.67%
  • Minimum CIC Score:
Name of CIC Minimum threshold limit
Transunion CIBIL 700
Experian 700
Equifax 700
CRIF 700

Cent Grih Lakshmi

  • A woman must be the sole borrower or the first-named applicant in the loan.
  • The female applicant’s name must be included in the property ownership.

Cent Home Double Plus Scheme

  • Applicants can be salaried employees, self-employed individuals, professionals, or any person with a legal, identifiable, and regular source of income.
  • The applicant must be at least 18 years old at the time of application.

Documents Required for Central Bank Home Loan

Central Bank of India has not mentioned the documents required for a home loan . However, just like other lenders, the Central Bank of India may also ask for the following documents from its home loan applicants:-

ID Proof: PAN card, Aadhaar card, Passport, Voter ID, Driving License

Address Proof: Aadhar card, Passport, Driving License, Voter ID, PAN Card, electricity bill, telephone bill

Income Proof:

  • For Salaried - Salary slips for past 3 months, ITR and Form 16, Last 6 months bank account statement showing salary credit
  • For Self-employed - ITR with income computation for the past 3 assessment years of both individual and business entity (duly attested by a CA), current account statement of business entity for past 6 months and savings account statement of the individuals of both individual and business entity (duly attested by a CA), balance sheet and profit and loss account statement for last 3 years, with schedules and annexures.

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Apply Now

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FAQs

What is the current Central Bank of India Home Loan interest rate?

Home loan interest rates at the Central Bank of India start from 7.10% p.a. depending on the credit profile of the applicant.

Does the Central Bank of India offer preferential rates to women borrowers?

Yes, the Central Bank of India offers an interest rate concession of 15-25 bps along with a waiver of the last few EMIs to women borrowers.

How to calculate Central Bank of India Housing Loan interest cost?

Central Bank of India Housing Loan interest cost can be calculated with the help of the Home Loan EMI Calculator. Applicants need to enter the loan amount, loan tenure and interest rate in the EMI calculator and get the interest cost instantly.

At what minimum credit score can the applicants avail home loans from the Central Bank of India?

Central Bank of India requires home loan applicants to have a minimum credit score of 700 across all credit bureaus.

Who can be the co-applicant for my home loan availed from the Central Bank of India?

Parents, sons, spouses, brothers, sisters and daughters can be the co-applicants for your home loan.

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Pradeep SinghJan 7, 2026

Kam rates pe loan mila

Paisabazaar se mujhe bahut kam rate pe loan mil gaya...isse mere budget pe jada asar nahi pada aur jald hi mera apna ghar ho jayega..

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eligibility check ho jati hai free

me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Shikhar SahuJan 5, 2026

Home loan mila yaahaan par

Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Chandan SinghDec 1, 2025

Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021
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