Central Bank of India Home LoanEMI Calculator
Calculate your monthly EMI instantly with Central Bank of India's latest interest rates. Plan your home loan with confidence using our advanced calculator.
Current Central Bank of India Rates
Lower than market average
Min ₹2,000 • Max ₹20,000
Min ₹1L
Min 1 years
Calculate Your EMI
Use our advanced calculator to plan your home loan with Central Bank of India's latest rates
Central Bank of India Home Loan
Central Bank of India offers affordable home loans with special schemes for women and customers with good credit scores. The bank provides flexible moratorium and fixed rate options.
Key Features
- Interest rates starting from 7.35%
- Cent Grih Lakshmi scheme for women
- Moratorium up to 36 months
- Fixed rate option for 5 years
- No prepayment penalty on floating rate
Interest Rates & Fees
EMI Calculator
EMI Details
Monthly EMI
₹25,845
Principal Amount
₹30,00,000
Total Interest
₹32,02,800
Total Amount Payable
₹62,02,800
Payment Breakdown
Eligibility Criteria
- Age: 21 to 70 years
- Regular income source
- Good repayment capacity
- Credit Score: 650 and above
Documents Required
- Application form with photo
- ID and address proof
- Income/financial documents
- Bank account details
- Property documents
India's Most Trusted Financial Platform
Why Choose Central Bank of India Home Loan?
Frequently Asked Questions
Everything you need to know about Central Bank of India home loans
What is the current home loan interest rate for Central Bank of India?
Central Bank of India currently offers home loan interest rates starting from 7.35% and going up to 9.25% per annum. The exact rate depends on various factors including:
- •Your Credit score (750+ preferred)
- •Loan amount and loan-to-value ratio
- •Employment type (salaried/self-employed)
- •Property location and type
How much home loan can I get from Central Bank of India?
Central Bank of India offers home loans ranging from ₹1 lakhs to ₹5 crores. Your eligibility depends on:
Eligibility Criteria:
Salaried Individuals:
- • Age: 21-65 years
- • Min income: ₹25,000/month
- • Work experience: 2+ years
Self-Employed:
- • Age: 25-70 years
- • ITR: 3+ years
- • Business stability: 5+ years
What is the processing fee for Central Bank of India home loan?
Central Bank of India charges a processing fee of 0.5% of the loan amount:
Note: This is a one-time non-refundable fee. Some banks offer processing fee waivers during festive seasons.
Can I prepay my Central Bank of India home loan?
Yes, Central Bank of India allows both partial and full prepayment of home loans:
Floating Rate Loans:
No prepayment charges as per RBI guidelines
Fixed Rate Loans:
May attract 2-4% prepayment penalty
Pro Tip: Making even small prepayments can save significant interest. A ₹50,000 annual prepayment on a ₹50L loan can save ~₹15L in interest!
What documents are required for Central Bank of India home loan?
Central Bank of India requires the following documents for home loan application:
Identity & Address Proof
- ✓PAN Card (Mandatory)
- ✓Aadhaar Card
- ✓Passport/Driving License
Income Documents
Note: Additional documents may be required based on employment type and property details.
Compare with Other Banks
Find the best home loan rates across leading banks
Expert Tips for Home Loan Success
Maximize your savings and get the best deal on your Central Bank of India home loan
Before Applying
Check Credit Score
Aim for 750+ for best rates
Save up to 0.5% on interest
Calculate Eligibility
Know your borrowing capacity
Avoid rejection & save time
Compare Banks
Research rates across lenders
Save lakhs in interest
Prepare Documents
Get all papers ready
Fast-track approval by 7-10 days
After Loan Approval
Setup Auto-Debit
Never miss an EMI payment
Maintain perfect credit record
Make Prepayments
Pay extra when possible
Save 40-50% on total interest
Claim Tax Benefits
Use 80C & Section 24
Save up to ₹2L annually
Consider Transfer
Switch for better rates
Save ₹10-20L on ₹50L loan
💡 Pro Tip: The 5% Prepayment Strategy
Prepaying just 5% of your loan amount annually can reduce your tenure by 8-10 years and save up to 45% of total interest!
₹50L
Loan Amount
₹2.5L
Annual Prepayment
₹22L
Interest Saved
Ready to Get Your Dream Home?
Start your Central Bank of India home loan journey today with our exclusive rates and fast processing
2L+
Happy Customers
₹5000Cr+
Loans Processed
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