Availing a home loan is no more of a hassle as all you need to know about Central Bank of India home loan. Yes, if we are talking about the same, how can interest rates be missed? The lender is offering you the best of home loan credit facility at a competitive interest rate so as to lower your burden. So, to know more about the same, simply read the page below.
Central Bank of India Home loan Interest Rates April 2024
Everybody wants interest rates as low as possible on their home loan facility. Do you know that the Central Bank of India Home Loan Interest Rate is one of the lowest amongst lenders in India? With interest rates ranging from 8.55% - 9.10% per annum, Central Bank of India Home Loan allows a borrower to lower the repayment burden from his/her pocket.
In this page, we would be telling you everything about the Central Bank of India Home Loan interest rates. Some of the important details related to it are provided in the table below. Have a look!
| Loan Aspects | Details |
|---|---|
| Interest Rate | 8.55% - 9.10% |
| Maximum Loan Amount | Decided upon the repayment capacity of the borrowers and overall property value |
| Loan to Value Ratio | For salaried individuals - 75% to 90% For non-salaried individuals - 75% to 80% |
| Maximum Tenure | 30 years In case of repairs or renovation - 10 years |
| Processing Fee | 0.25% of the total loan amount plus applicable GST charges Maximum - INR 20,000 |
| Prepayment Charges | Nil |
| Moratorium Period | Upto a maximum of 36 months |
Central Bank of India Home Loan Balance Transfer Facility
Do you know that you can also opt for the Central Bank of India Home Loan Balance Transfer facility if you are facing some difficulties in paying the existing home loan amount? Available at affordable interest rates, the Balance Transfer facility can help you pay pocket-friendly EMIs on time.
Central Bank of India Home Loan Balance Transfer Interest Rates
If you want your EMIs to be pocket-friendly while enjoying the lower home loan interest rates, all you need to do is just transfer your existing home loan to Central Bank of India. On transferring the same, you would be able to enjoy multiple benefits along with attractive interest rates and affordable EMIs.