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Public Sector Bank

Central Bank of India Home Loan

India's Most Trusted Partner via Cred Source

4.8 / 5.0
7.10% p.a.
INTEREST RATE
₹10.0 Cr
MAX LOAN
85%
MAX LTV
4-6 Working Days
PROCESSING

About Central Bank of India

Central Bank of India (CBI) is a major public sector bank established in 1911 by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as its first Chairman. Proudly known as the first Indian commercial bank which was completely owned and managed by Indians, Central Bank of India has played a pivotal role in national development.

CBI provides comprehensive banking services across urban, semi-urban, and rural areas. Cent Home Loan scheme provides accessible home financing for property acquisition, flat purchase, self-construction, and repair/renovation.

Central Bank of India offers home loans starting at 7.10% p.a. with flexible EMI schedules, lower processing fee caps, and loan tenures extending up to 30 years.

Key Highlights

Why choose Central Bank of India through Cred Source:

Lowest Interest Rate from 7.10% p.a.
Flexible Repayment Tenure up to 30 Years
Minimal Documentation Required
Up to 85% Loan to Value (LTV)
Low Processing Fee Cap

Loan Eligibility Criteria

Who can apply for Central Bank of India home loan:

Eligible Applicants

Salaried Employees, Self-Employed Professionals, Business Owners & NRIs.

Age Bracket

Minimum 18 years to maximum 75 years at maturity.

Minimum Income

₹20,000/month for salaried; ₹3.0 Lakh/year net profit for self-employed.

Credit Score (CIBIL)

750+ score recommended for lowest interest rate tier.

EMI Calculator & Sample Breakdown

Estimated EMI for Central Bank of India Home Loan at 7.10% p.a. interest rate:

LOAN AMOUNT TENURE (YEARS) INTEREST RATE ESTIMATED MONTHLY EMI
₹30 Lakh 20 Years 7.10% p.a. ₹25,845 / month
₹50 Lakh 20 Years 7.10% p.a. ₹43,075 / month
₹1.0 Crore 20 Years 7.10% p.a. ₹86,150 / month

Frequently Asked Questions

About Central Bank of India home loans via Cred Source:

Central Bank of India requires a minimum monthly salary of ₹20,000 for salaried employees and ₹2.5 Lakh annual income for self-employed individuals.

Cent Home Loan sanction amounts range up to ₹10 Crore based on property value, age, income stability, and credit rating.

Central Bank of India home loan interest rate starts at 7.10% p.a., linked to RBLR for high credit-score applicants.

Central Bank of India processes home loan applications within 4 to 6 working days after technical and legal scrutiny.

Yes, Cred Source provides free consultation and loan application management for Central Bank of India.