Tag Archives: Cent Bank Home Finance Home Loan

Cent Bank Home Finance – Home Loan Eligibility, Interest Rate, EMI Calculator

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

Professional Details
Loan Amount
Yearly Income
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

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
Slabs Fixed Rate
Upto ₹ 10 Lacs 14.00%
Above ₹ 10 Lacs to ₹ 20 Lacs 14.00%
Above ₹ 20 Lacs 14.50%
Other Loans
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

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

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

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.

Documents Required 

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
Identification Documents
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


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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.