(Updated on 04.12.2018) Cent Bank Home Finance – Get Instant quotes on Home Loan Eligibility from Cent Bank Home Finance. Check Home Loan EMI Calculator, Interest Rate, Documents Required & Processing Fee.
Cent Bank Home Finance – Get Instant Quotes on Home Loan
Cent Bank Home Finance Ltd is a subsidiary of Central Bank of India which started operating in 1991, Providing Housing loan facility. The company was incorporated as “Apna Ghar Vitta Nigam Ltd.” Cent home Finance focuses on each and every individual needs & requirements.
It also provides loan facility for lower income & Urban low income groups.
Cent Bank Home Finance Interest Rate
|Individual Housing Loans (Fixed ROI) – No Changes on Existing|
|Upto ₹ 10 Lacs||14.00%|
|Above ₹ 10 Lacs to ₹ 20 Lacs||14.00%|
|Above ₹ 20 Lacs||14.50%|
|Loan Scheme||Existing Rates||Revised Rate w.e.f 01/10/2013|
|Top-up Loan||14.00%||CBHFLRPLR – 2.00% i.e 13.50%|
|Home Equity Loan||14.00%||CBHFLRPLR – 2.00% i.e 13.50%|
|Loan Against Property||14.50%||CBHFLRPLR – 2.00% i.e 13.50%|
|Loan for Purchase of Commercial Property||15.25%||CBHFLRPLR – 1.75% i.e 13.75%|
Eligibility for Applying
- Indian resident Individual/NRI can apply for loan from Cent Home Finance.
- Adequate regular source of income is required to service the loan.
Cent Bank Home Finance – Home Loan EMI Calculator
Features of Cent Home Finance Ltd.
- You can avail home loan for purchase/construction/renovation/extension/up gradation of readily built residential house/flat/apartment.
- Purchase of site allotted by State Development Agencies, Corporate Societies, Government, Municipal bodies & Employee’s co operative societies.
- Attractive Interest rates are offered by the company.
- Maximum tenure of the loan is 20 years and extra interest @0.25% will be charged for the loan cases beyond 20 years tenor.
- Minimum contribution margin is 15%.
- Repayment of the loan can be done EMI (Equated Monthly Instalments).
- It provides loans to lower income group without guarantee upto 5 lacs.
|PROCESSING FEE & OTHER CHARGES|
|Processing fees (inclusive of technical / legal appraisal)*||1% of the Loan applied for + Applicable taxes|
|Part prepayment of loan (with floating rate of interest)||Free|
|Part prepayment of loan (with fixed rate of Interest)||25% of the outstanding as on first day of financial year, can be prepaid free of cost. Over this amount, 2% of the principal prepaid + Applicable taxes (Only in case if loan is taken from any bank or institution, Else no prepayment charges)|
|Full prepayment of loan (with floating rate of interest)||Free|
|Full prepayment of loan (with fixed rate of interest)||2% of the principal prepaid + Applicable taxes, Over 2.5% of principal outstanding as on the first day of the financial year (in case loan is has been taken from any other bank or institution, otherwise no pre payment charges|
|CERSAI Charges||For loans upto Rs. 5 lacs : Rs. 250/- + GST. For loans above Rs. 5 lacs : Rs. 500 + GST.|
|Overdue Interest||2% per month of overdue payment|
|Loan pre-closure statement (Within 14 days)||Rs. 500 + GST|
|Recovery & Legal fees||As per actual|
*A Login fees of ₹ 5000/- + GST to be paid at the time of making a loan application.
|CENT HOME FINANCE Ltd.|
|Salaried people||Self employed/Professionals/Businessmen|
|Duly certified latest salary slip||Copy of last 3 years tax returns|
|Employment certificate||Copy of last 3 years balance sheet and profit & loss statement, duly certified by CA|
|Latest copy of form – 16||Proof of business premises|
|Proof of additional income, if any||Copy of shop & establishment license|
|Consent letter from employer to deduct the monthly installment||Copy of certificate of practise|
|Copy of Age Proof|
|Copy of Address Proof|
|Copy of bank pass book / Statement of accounts for the last 6 months|
|Allotment letters of the society|
|Copy of the approved drawings|
|Copy of the sale agreement|
|Cost estimate from the architect|
|Legal search report|
HOW TO APPLY ?
Step 1 : You can simply click on the link to submit the form loansninsurances.com
Step 2 : Fill all the required professional & personal details & Get instant quote on your eligibility, documents required & Other important procedure.
Step 3 : Our representative will get in touch with you to help you further.