Are you searching for a home? Have you found it, but do not have the lender's support? Come to the Central Bank of India, which, through its different home loan schemes, will help you choose the right option to get your feet into the home of your dreams. The Mumbai-headquartered PSU lender operates with nearly 5,000 branches and ATMs across as many as 27 states and three union territories of India, giving you ample reason to associate with the bank for your dream home. The Central Bank of India Home Loan has different categories-

• Cent Home Loan Scheme
• Cent Grih Lakshmi
• Cent Home Double Plus Scheme
• Cent Home Loan for 3rd or 4th House/Flat
• Cent Top-up Scheme

Central Bank of India Home Loan Interest Rate Details 2025

These are some of the details of a home loan and the latest Central Bank of India Home Loan Interest Rate -

Types of Central Bank of India Home Loan

Cent Home Loan

Purpose:

• Purchase or construction of a new home/flat or an existing one with at least 10 years of life beyond the loan tenure.
• Renovation, repair, or alteration of an existing home/flat.
• Home loan balance transfer to the Central Bank of India.
• Furnishing and interiors as part of the project cost.

Tenure:

• Up to 30 years or until the borrower turns 75, whichever is earlier, based on repayment capacity (for new/existing homes up to 10 years old).
• Up to 10 years for repair/renovation.

Cent Grih Lakshmi

Purpose: A special home loan for women where the sole or primary applicant is female.
Tenure: Up to 30 years.

Cent Home Double Plus Scheme

Purpose:

• Home loan with an overdraft facility for purchasing or constructing a new/existing home/flat.
• Term loan for repairs, renovation, furnishing, vehicle purchase, consumer durables, furniture, solar equipment, marriage, education, medical expenses, or travel.

Tenure:

• Salaried: Up to 30 years or until age 70, whichever is earlier.
• Self-employed: Up to 25 years or until age 70, whichever is earlier.

Cent Home Loan for 3rd or 4th House/Flat

Purpose: Loan for constructing or purchasing a new/existing house or flat (up to 40 years old) with at least 10 years of life beyond the loan tenure.

Tenure:

• New house/flat (≤10 years old): Up to 30 years (salaried), 25 years (non-salaried), or until age 70, whichever is earlier.
• Older house/flat (>10 years): Up to 25 years or until age 70, whichever is earlier.

Cent Top-up Scheme

Purpose: Additional loan on an existing home loan for purchase, construction, or renovation.
Loan Amount: Rs 2 lakh – Rs 1 crore.
Tenure: Cannot exceed the remaining tenure of the original home loan.

Central Bank of India Home Loan Eligibility Criteria

Here is the eligibility criterion for the Central Bank of India Home Loan -

• Individuals aged 18+ with a steady income, including those in agriculture & allied activities.
• If the property holder lacks independent income, a close relative with income can co-borrow to determine eligibility.
• Net Annual Income:-

Minimum Credit Score Required -

Cent Grih Lakshmi

• A woman must be the sole borrower or the primary applicant.
• Her name must be included in the property ownership.

Cent Home Loan Scheme for 3rd or 4th House/Flat

• Individuals or close relatives with a legal, regular income can apply.
• Loans can be taken singly or jointly with parents, spouse, children, or siblings.
• Co-borrowers must be or intend to be co-owners of the property.

Cent Home Double Plus Scheme

• Open to salaried employees, self-employed individuals, professionals, or anyone with a legal, regular income.
• Applicants must be at least 18 years old.

Documents Required For Central Bank of India Home Loan Application

The Central Bank of India has not specified the required documents. However, like other lenders, it may ask for the following:

• ID Proof: Aadhaar Card, Driving License, PAN Card, Voter ID, Passport.
• Address Proof: Aadhaar Card, Passport, Driving License, Voter ID, PAN Card, Electricity Bill, Telephone Bill.
• Income Proof:
• Salaried: Last 3 months' salary slips, ITR & Form 16, and the last 6 months' bank statement showing salary credit.
• Self-employed: ITR with income computation for the past 3 years (attested by a CA), business current account statement (last 6 months), personal savings account statement (last 6 months), and last 3 years’ balance sheet & P&L statement with schedules and annexures.

How can you calculate EMI for Central Bank of India Home Loan

Interested in knowing the amount of EMI that will go towards servicing the loan? Use Wishfin Central Bank of India Home Loan EMI Calculator and get ready with the prescribed amount every month before it gets paid from your end. 

Suppose the bank has sanctioned you a loan amount of INR 20 lacs for a tenure of 30 years at the interest rates starting from 8.10% p.a. - 9.75% p.a. You can also know the payouts in different periods of the loan by taking a look at the table below.

Fees/Charges of the Central Bank of India Home Loan

Central Bank of India Home Loan Application Form

Get the Application Form:

• Visit the bank’s official website, download, and print the form.
• Alternatively, collect the form from the nearest branch.

Fill & Submit the Form:

• Complete the form with the necessary details.
• Attach documents for identity, residence, income, and other required details.

Verification Process:

• A bank executive will visit your residence or office for verification.
• Loan approval is granted only after a satisfactory investigation.

Property Evaluation:

• A bank-appointed architect will inspect the property.
• A legal & technical report will be prepared based on the property’s condition and market value.

Loan Sanctioning:

• The bank will review the report and determine the property’s valuation.
• Based on the assessment, the loan will be sanctioned.

Central Bank of India Customer Care Number

Get your queries or complaints regarding the home loan resolved by dialing the 24×7 toll-free number 1800 3030 of Central Bank of India. 

Be it the issue of EMI payment, loan statement, approval, or disbursal of the loan, the customer care executives are ready with feasible solutions and tips to make your journey a smooth one.

Summary!

The Central Bank of India home loan comes up with flexible tenure, competitive interest rates, and a streamlined application process. Whether you are purchasing, building, or upgrading a home, the bank offers customized loan options to suit your requirements. Its rigorous verification and property assessment process ensures a safe and reliable lending experience, making homeownership more accessible.

FREQUENTLY ASKED QUESTIONS

1. What are the current interest rates for the Central Bank of India Home Loan?

Interest rates vary based on the specific loan scheme and applicant profile. As of April 2025, rates start from approximately 8.10% p.a. to 9.75% p.a.

2. What documents are required to apply for a Central Bank of India Home Loan?

Typically, the Central Bank of India may require:​

• ID Proof: Aadhaar Card, Driving License, PAN Card, Voter ID, Passport.
• Address Proof: Aadhaar Card, Passport, Driving License, Voter ID, Utility Bills.​
• Income Proof:
• Salaried Applicants: Last 3 months' salary slips, Income Tax Returns (ITR), Form 16, and bank statements showing salary credits.​
• Self-employed Applicants: ITR with income computation for the past 3 years (attested by a Chartered Accountant), business entity's current account statements, personal savings account statements, and financial statements like balance sheets and profit & loss accounts.

3. Are there any special schemes for women applicants under the Central Bank of India Home Loan?

Yes, the Cent Grih Lakshmi scheme is designed for women, requiring the female applicant to be the sole or primary borrower with her name on the property's ownership.

4. What is the repayment tenure for Central Bank of India home loans?

For constructing or purchasing a new or existing house/flat not older than 10 years:​

• Salaried individuals: Up to 30 years or until the borrower reaches 70 years of age, whichever is earlier.​
• Non-salaried individuals: Up to 25 years or until the borrower reaches 70 years of age, whichever is earlier.

5. What is the maximum loan amount I can avail from the Central Bank of India Home Loan?

The loan amount depends on the property's cost:​

• Up to Rs 30 lakh: 90% of the property's cost.​
• Above Rs.30 lakh and up to Rs.75 lakh: 80% of the property's cost.​
• Above Rs 75 lakh: 75% of the property's cost.

6. What types of home loan schemes does the Central Bank of India offer?

The Central Bank of India provides various home loan schemes, including -

• Cent Home Loan: For purchasing or constructing a new or existing house/flat.
• Cent Grih Lakshmi: Special scheme for women where the female is the primary borrower and co-owner.
• Cent Home Double Plus: Home loan with an overdraft facility for financial flexibility.
• Cent Home Loan for 3rd/4th House: For purchasing additional residential properties.
• Cent Top-Up Loan: Additional funds for renovation, furnishing, or other needs.