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Central Bank of India Home Loan

★★★☆ 3.6/5
Best Rate

Central Bank of India provides home loans with PMAY scheme integration and government subsidies for affordable housing.

Key Highlights

7.35%
Starting Interest Rate
0.50% (Max ₹20,000)
Processing Fee
₹5 Crores
Maximum Loan Amount
30 years
Maximum Tenure

Central Bank of India Home Loan Interest Rates

Current interest rates as per latest updates

Interest Rate Range 7.35% - 9.85% per annum

* Interest rates are subject to change based on RBI guidelines and your credit profile.

* Final rates depend on loan amount, tenure, and creditworthiness.

Features & Benefits

Key Features

  • PMAY schemes
  • Affordable housing
  • Government subsidies

Special Offers

  • PMAY scheme integration
  • Government subsidies
  • Affordable housing focus

Pros and Cons

Advantages

  • Government scheme integration
  • Capped fees
  • Subsidy benefits

Considerations

  • Limited loan amounts
  • Slower processes

Central Bank of India Home Loan Eligibility

Check if you meet the eligibility criteria

  • Age: 18-65 years
  • Minimum income: ₹10,000 per month
  • CIBIL Score: 650+ acceptable
  • Eligible for government schemes

Documents Required

Keep these documents ready for quick processing

  • Government scheme documents
  • Income proof
  • Bank statements
  • Property documents
  • Subsidy eligibility proof

Apply for Central Bank of India Home Loan

Start your home loan application process today

Compare with Other Banks

See how Central Bank of India compares with other lenders

Frequently Asked Questions

What is the minimum income required for Central Bank of India home loan?

The minimum income requirement varies based on your location and employment type. Generally, it ranges from ₹10,000 to ₹25,000 per month.

How long does Central Bank of India take to approve a home loan?

The approval process typically takes 7-15 working days, depending on document verification and property evaluation.

Can I prepay my Central Bank of India home loan?

Yes, you can prepay your home loan. Some banks may charge prepayment penalties, so check the terms and conditions.

Important Disclaimer

• All information provided is for reference purposes only and subject to change.

• Interest rates and fees are indicative and may vary based on your profile and market conditions.

• Loan approval is subject to the bank's terms and conditions and credit assessment.

• Please verify all details with the bank before making any financial decisions.