✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

Having a house that you can call your own is a major life goal for many. However, relying on savings alone isn’t always possible, which is why many opt for the home loan. A trusted lender catering to this need is the Central Bank of India. The Central Bank of India Home Loan is a preferred choice of many when buying or constructing their home. 

This is primarily due to its attractive interest rates and favourable terms. Here are some of the Central Bank of India Housing Loan details:

Interest Rate

8.80% p.a. onwards

Loan Tenure

Up to 30 years or reaching the age of 70 years

Loan Sanction 

Up to ₹75 Lakhs

Central Bank of India Interest Rate & Charges 2024

Before applying for a home loan, you must look at the various rates and charges levied by the lender. All financial institutions charge certain fees on home loan facilities, and you need to account for these when borrowing. 

Here is a table containing details about the Central Bank of India Home Loan interest rate and other applicable charges: 


Rates and Charges

Interest Rate

Between 8.80% and 9.35% p.a. 

Processing Fee

0.50% of the Loan Amount or ₹20,000 + GST    

Documentation Charges

₹1350 + GST

Disclaimer: The interest rate and charges mentioned in the table above are indicative and might change depending on the applicant’s eligibility.

In order to choose a financially viable home loan, it is advisable to compare different lenders and their offers. The following table presents the interest rates offered on home loans by partner lenders on Bajaj Markets. 

Compare these rates with the Central Bank Home Loan interest rate to select the best-suited loan for you:

Name of the Partner

Interest Rates

Bajaj Housing Finance Limited

8.50% p.a. onwards

Home First Finance Company

9.50% p.a. onwards


9.00% p.a. onwards

India Shelter

10.50% p.a. onwards

Kotak Mahindra Bank

9.00% p.a. onwards 

LIC Housing Finance

8.65% p.a. onwards

PNB Housing Finance Limited

8.50% p.a. onwards

Shriram Housing Finance

11.50% p.a. onwards

Shubham Housing Finance

10.90% p.a. onwards

Union Bank of India

8.50% p.a. onwards

Disclaimer: The interest rates provided in the above table depend on the lender’s policies and are subject to change.

Central Bank of India Home Loan EMI Calculator

Loan Amount
Rate of Interest
Home Loan
Your Monthly Home Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Year EMI Principal Interest Balance

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. 

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 affordable home loan interest rate.

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

Central Bank of India Home Loan Eligibility

To be eligible to get a home loan from the Central Bank of India, you will have to fulfil certain requirements. Here are the Central Bank of India Housing Loan eligibility requirements:

  • You must be an Indian citizen 

  • Your age must be at least 18 years

  • You can avail of this loan singly or with a maximum of three joint owners

Features and Benefits of Central Bank of India Home Loan

The following are some of the features and benefits that you get to enjoy with the Central Bank of India Housing Loan. 

Flexible Repayment Tenure

The Central Bank of India Home Loans come with flexible repayment tenures as it may extend up to 30 years or your retirement age.

Competitive Interest Rates

When compared to other lenders, the Central Bank of India Housing Loan interest rate is quite competitive. The interest rates on Central Bank of India Home Loan are as low as 8.80% p.a.

High LTV

With Central Bank of India Housing Loan, you can get a high loan-to-value-ratio (LTV) ratio of 90% on your pledged property.

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:

  • Visit the official website of the Central Bank of India

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

  • Select the ‘Housing Loan’ option

  • Choose the type of loan depending upon your financial requirements

  • Click on the ‘Apply Now’ Button

  • Enter your basic details and submit them

  • Attach the required documents and submit them to finish the application process

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

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 Numbers: 1800 22 1911/1800 202 1911

  • Tolled Number: 02241903900


Home loan is a great way to procure the funding needed to purchase your own house. The Central Bank of India Home Loan is a smart choice and an attractive option due to the many features on offer.


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.

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FAQs for Central Bank of India Home Loan

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

Yes, you require a CIBIL score of at least 700 to avail of the Central Bank of India Housing Loan.

What is the maximum loan tenure I can opt for under the Central Bank of India Home Loan?

The repayment tenure for the Central Bank of India Home Loan can extend up to 30 years.

Can I transfer my house loan from another bank to the Central Bank of India?

No, the Central Bank of India does not offer a home loan balance transfer facility.

Can I club the income of my spouse with mine and apply for a Central Bank of India joint Home Loan?

Yes, you can club your income with your spouse to apply for a Central Bank of India joint Home Loan.

How do I repay my Central Bank of India home loan?

You can repay your Central Bank of India Housing Loan through Equated Monthly Instalments (EMIs) either online or offline.

What is the maximum limit of a Central Bank of India Home Loan?

The maximum limit of a Central Bank of India Home Loan is 90% of your property’s value.

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