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Central Bank of India Home Loan

Learn about the Central Bank of India Home Loan with interest rates from 7.65%, tenure of up to 30 years, and loan amounts over ₹75 Lakhs.

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The Central Bank of India Home Loan, also known as Cent Home Loan, is designed to help individuals purchase, construct, or renovate residential property. With loan amounts determined by property value and repayment capacity, you can benefit from competitive Central Bank of India interest rates. 

These loans come with flexible repayment tenure of up to 30 years, and simple eligibility norms. You can also use the Central Bank of India Home Loan EMI calculator to estimate monthly instalments in advance.

Central Bank of India Home Loan Interest Rate and Charges

The Central Bank of India Home Loan offers interest rates linked to RBLR/Repo with transparent charges.

Here are interest rates and applicable charges in detail:
Particulars Details

Interest Rate

7.65% – 8.90% (Cent Home Loan)

7.35% – 8.50% (Cent Grih Lakhsmi)

8.40% – 9.30% (3rd/4th House Loan)

Processing Fees

0.50% of loan amount + GST (Max ₹20,000)

Waived till 31.03.2026

Prepayment / Foreclosure Charges

Nil for floating rate loans availed by individuals

Disclaimer: The mentioned rates and charges are subject to change at the lender's discretion

Other Fees and Charges of Central Bank of India Home Loan

Apart from interest and processing fees, you need to pay certain administrative and documentation charges.

Here is a detailed breakdown of the required charges:
Charge Details

Documentation Charges

₹1,350 + GST

Administrative / Legal Charges

As applicable, subject to lender’s discretion

Moratorium Pre-EMI Interest

Payable if moratorium exceeds 18 months

Disclaimer: The mentioned charges are subject to change at the lender's discretion

Central Bank of India Home Loan EMI Calculator

Your Home Loan EMI
₹ 8,025
Total Interest Amount

₹ 926,093

Principal Amount

₹ 10,00,000

Total Payable Amount

₹ 19,26,093

Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months arrow-down-img
  • Years
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Min value reached
Max value reached
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You can also make instant comparisons between loan offers from multiple Home Loan providers on Bajaj Markets.

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Furthermore, you can gain deeper insights into your loan instalments with the free amortisation schedule, which is provided with each calculation. 

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You can use the Central Bank of India Home Loan EMI Calculator to estimate your monthly repayment before applying. The tool helps you plan your finances by showing the EMI based on loan amount, tenure, and the Central Bank of India interest rate. Using the CBI home loan calculator ensures you know your repayment obligations in advance.

To save yourself from paying excess money as interest, you must research the lenders and their loan offers before applying. However, if you have decided to avail of Central Bank of India Home Loan, remember that home loans require proper financial planning. 

A Central Bank of India Home Loan EMI calculator can come in handy if you wish to set a budget as per the loan’s repayment obligations. With a Central Bank Home Loan EMI calculator, you can also know your monthly outflow and optimise it accordingly.

Using a home loan EMI calculator also helps you compare various loan offers. This way, you can even shift your existing loan to a lender offering affordable interest rates. All you have to do is opt for a home loan balance transfer facility. This helps you zero in on a lender offering an affordable home loan interest rate.

Key Features and Benefits of Central Bank of India Home Loan

When you apply for a Central Bank of India Home Loan, you get flexible features that make home ownership more affordable.

  • Competitive Central Bank of India Home Loan interest rate starting from 7.65% onwards

  • Long repayment tenure of up to 30 years

  • Funding available for purchasing, constructing, or renovating a home

  • Option to take over an existing home loan from another lender

  • Furnishing and interiors included as part of project cost, up to ₹50 Lakhs

  • Moratorium period of up to 48 months depending on construction schedule

  • No prepayment or foreclosure charges on floating-rate loans

Central Bank of India Home Loan Eligibility Criteria

You must meet the following Central Bank of India Home Loan eligibility norms to qualify:

  • You should be at least 18 years old with a steady source of income

  • Salaried, self-employed, agriculturists, and individuals in allied activities are eligible

  • If you own property but do not have an independent income, an earning close relative can join as a co-borrower

  • Loan eligibility is assessed based on your income, Central Bank home loan interest rate, property value, and EMI/NMI ratio

Documents Required for Central Bank of India Home Loan

The Central Bank Home Loan documents are those you need to submit along with your loan application form. Here are some of the documents required for the Central Bank of India Home Loan:

  • Proof of Identity: Aadhaar card, PAN card, passport, driving license, Voter ID Card, etc.

  • Proof of Residence: Aadhaar Card, utility bills, Voter ID card, driving license, passport, etc.

  • Income Proof: Form 16 or IT returns and the latest salary slips

  • Other Documents: Valuation certificate, NOC from the housing society, agreement for construction, sale agreement, or title deeds

Types of Home Loan Schemes Offered by Central Bank of India

The Central Bank of India allows you to avail of the following types of lending options under the Home Loan Schemes:

  • Cent Home loan

A standard home loan offering, accessible to all

  • Cent Grih Lakshmi

An instrument designed for women, and to promote access to women borrowers

  • Cent Home Double Plus Scheme

An instrument that comes with a term loan, and a home loan with the overdraft facility

  • Cent Home Loan Scheme for Third or Fourth House

An instrument for individuals to either construct or acquire a third or fourth flat or house

How to Apply for Central Bank of India Housing Loan Online

Applying for a Central Bank of India Home Loan online is simple and easy. Follow these quick steps to apply for it online:

  1. Visit the official website of the Central Bank of India

  2. Hover your cursor over the ‘Retail Loans’ category on the top dashboard

  3. Select the ‘Housing Loan’ option

  4. Choose the type of loan depending on your financial requirements

  5. Click on the ‘Apply Now’ Button

  6. Enter your basic details and submit them

  7. Attach the required documents and submit them to finish the application process

  8. The bank will review your application form and documents before approving your loan request

How to Check Central Bank of India Home Loan Status

You can check your Central Bank of India home loan status using the following steps:

  1. Visit the Central Bank of India net banking portal or open the mobile banking app

  2. Log in using your registered credentials

  3. Go to the “Loans” section and select “Home Loan”

  4. View the status of your loan application or current repayment details

  5. Alternatively, call customer care or visit the nearest branch for assistance

How to Check Central Bank of India Home Loan Statement

You can access your Central Bank of India home loan statement in just a few steps:

  1. Log in to the Central Bank of India net banking portal or mobile banking app

  2. Navigate to the “Loans” section and choose your home loan account

  3. Select the option to download or view the loan statement

  4. Save the PDF for records or use it for tax purposes

  5. If you prefer, you can request a printed statement at any bank branch

Central Bank of India Customer Care

For the resolution of any query or complaint, you can reach out to the Central Bank of India customer care at these numbers:

  • Toll-free Number: 1800 3030
  • Toll-free Number for Senior Citizens: 1800 203 1911
  • Alternative Number: 02241903900 (carries charges)

Central Bank of India Home Loan Repayment Options

You can repay your Central Bank of India home loan through convenient channels. EMI payments can be made using auto-debit, ECS, or post-dated cheques. Prepayment of part or full loan is also allowed, subject to conditions. Using the Central Bank of India home loan EMI calculator helps you plan repayments and explore faster closure options.

Disclaimer

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Home Loan Partner Page

Home Loan Non-Partner Page

Frequently Asked Questions

Does the Central Bank of India check CIBIL for a home loan?

Yes, your CIBIL score is checked before loan approval. You need a minimum score of 700 with any recognised credit bureau such as TransUnion CIBIL, Experian, Equifax, or CRIF. A higher score improves your chances of getting a lower Central Bank of India home loan interest rate.

Yes, you can apply jointly with your spouse. Both incomes are considered to improve your Central Bank of India home loan eligibility, subject to standard credit assessment.

The processing fee is 0.50% of the loan amount plus GST, capped at ₹20,000. Currently, the bank offers a full waiver on this charge until 31 March 2026.

Yes, you can apply for a Central Bank of India Home Loan to purchase an under-construction property or a resale property. For resale, the property should not be older than 40 years and must have a residual life of at least 10 years beyond your loan tenure.

No, there are no prepayment or foreclosure charges on floating-rate home loans taken by individuals. This allows you to repay your loan early without extra cost.

The processing time depends on documentation and verification. Generally, if you submit all Central Bank of India Home Loan documents required on time, the loan may be sanctioned within a few working days.

Yes, you can apply jointly with close relatives, such as parents, siblings, or spouses. Their income can be considered to increase your Central Bank of India home loan eligibility.

Yes, you can transfer your outstanding loan from another bank or housing finance company to the Central Bank of India. This option helps you save on interest if the CBI home loan interest rate is lower.

Yes, subject to your repayment record and eligibility, you may apply for a top-up loan on your existing Central Bank of India home loan. The amount depends on your income and repayment capacity.

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