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Central Bank of India Home Loan, Interest Rate and EMI Calculator January 2019

(Updated on 10.01.2019) Central Bank of India Home Loan January 2019 – Get Instant Quick & Easy Approval on CBI Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee ✓ Eligibility ✓ Best Offers & more.

**Central Bank Of India Rate Of Interest @ One Year MCLR Rate**

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Central Bank of India Home Loan

Being the first Indian Commercial Bank, Central Bank of India is one of its kind. The bank is immensely popular because of its hassle-free services, relationship with the customers, diverse financial products and lots more to count on its credit.

Central Bank Of India (CBI) provides feasible and attractive Home Loans to meet the varied needs of every home loan borrowers. Central Bank Of India Home Loan can be availed to purchase a plot, construct a house, to buy a ready built house, repairs/up gradation/renovation of house/flat, etc. at competitive home loan rates.

Central Bank Of India has a host of home loan products which can be availed for various purposes such as repairs, renovation, alteration of existing house, purchase of plot & construction of a house, and lots more. Check your Home Loan Eligibility with the effective tool- Home Loan Eligibility Calculator and get the best deals on home loans.

Central Bank of India Home Loan Interest Rate

Interest Rate One Year MCLR Rate

Processing fee range

0.50% of the loan amount subject to maximum of Rs.20,000/-

Loan Amount

Min. Rs. 10 lakhs & above


10 years to 30 years

Central Bank Of India Home Loan EMI Calculator

Central Bank of India Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
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

Central Bank Of India Home Loan Schemes


  • Loan for Refurbishment/renovation /furnishing of a house or buying furniture /LCD TV/ Home theatre etc.

  • For Existing Housing Loan Borrowers with a favourable repayment history for at least three years.

  • Security needed.

  • Maximum loan amount is Rs. 10 Lakhs.

  • Repayment period is 10 years.

  • Processing fees Rs. 500 for each Loan.

  • Interest Rates: One Year MCLR Rate + 1%


  • The loan can be availed for construction / acquiring of new or existing house/flat, not older than 30 years, for extension in the existing house/flat, for repairs/renovation / alteration of existing house / flat and for other purposes.

  • All Permanent Employees of Central/State Governments, PSUs of Central Government are eligible for this loan.

  • No Guarantor required.

Quantum of Loan

  • 90% (for loans up to Rs.20 lakh) 80% (for loans above Rs.20.00 lakh and up to Rs. 75 lakh) and 75% (for loans above Rs.75 lakh) of the cost of construction / purchase of new / existing home/flat or cost of extension of existing home/flat,(including cost of land).

  • 75% of the cost of repairs/renovations/alterations of existing house/flat subject to a maximum of Rs.10.00 lakh.

  • 75% of the cost (registered value) of Plot after complying with Net Take Home Pay/Income norm.

Security: Equitable / Registered mortgage of the property being financed.

  • Maximum loan tenure is 30 years.

  • 0.50% of the loan amount subject to a maximum of Rs.20,000/- and processing Fee is waived if employees are maintaining salary account with CBI branch.

  • No prepayment charges on floating rate housing loans.


  • The loan can be availed for concession in Home Loan and Vehicle Loan if taken together.

  • If the average annual income of the applicant of last two years as per I.T. Return is minimum Rs. 4 lakh, then he is eligible of this loan.

  • Minimum Home Loan amount should is Rs. 20 lakh.

Rates of Interest

  • Home Loan: 0.25% concession on all slabs subject to minimum MCLR.

  • Vehicle Loan: 0.50% concession on all slabs subject to minimum MCLR.

  • Minimum : One Year MCLR Rate + 0.25% Concession on all Slabs

Processing Charges: 0.25% of loan amount, maximum Rs. 20,000 + service tax
# All other terms and conditions of Cent Home Loan Scheme and Cent Vehicle Scheme shall remain unchanged while sanctioning loans under the “Combo” product except for the concessions mentioned/outlined above.

Central Bank Of India Home Loan Eligibility

  • Individuals, groups of individuals and Cooperative Societies having a regular source of income either singly or jointly with Parents, sons, spouse. NRI are also eligible for a Housing loan.

  • Applicant should be 21 years.

  • Individual salaried employees, self-employed persons, professional, any other person having a legal, identified and regular source of income.

  • Housing Loan Scheme for Employees of Central/State Governments & PSUs of Central Government Cent Home Loan.

Central Bank of India Home Loan Documents Required

  • Proof of identity and residence: Aadhaar card, Voter’s ID card, Passport, PAN card, etc.

  • Proof of income: Pay slips of the last 3 months for a salaried person, and proof of business existence for professionals and businesspersons.

  • Proof of Residence: Recent Telephone Bill/Electricity Bill/Property Tax Receipt/ Passport/Voter’s ID

  • Form 16 or Income Tax Return for all borrowers

  • Bank statement for the last 6 months for salaried persons and profit-loss balance sheet for the last 3 years.

  • Application form with photograph

  • Cheque for the processing fees.

  • Proof of Business Address for Businessmen & Industrialists

  • Proof of Employment for salaried class.

  • Proof of other income like rent, interest on investment, if any.

Central Bank of India MCLR Rate w.e.f. 01.01.2019

Tenure MCLR 
Overnight 8.00%
1 month 8.20%
3 month 8.40%
6 month 8.50%
1 years 8.60%