Cent Bank Home Finance Home Loan
Cent Bank Home Finance Home Loan
Originally incorporated as Apna Ghar Vitta Nigam Ltd in 1991 and renamed Cent Bank Home Finance Ltd in 1992, the company offers housing and non-housing finance loans. It is jointly promoted by the Central Bank of India, the Specified Undertaking of UTI, the National Housing Bank and HUDCO. Cent Bank Home Finance offers rates of interest starting at 9.95% effective, with tenures of up to 30 years and a processing fee of 0.50% of the loan amount subject to a maximum of Rs. 20,000. It also offers non-housing loans and deposit schemes.
Cent Bank Home Finance Home Loan
Backed by Four Public Institutions
Cent Bank Home Finance is promoted by Central Bank of India, UTI, NHB and HUDCO, and we help you use that stability to your advantage.
A Dedicated Scheme for Women Borrowers
Cent Grih Lakshmi is built for women as sole or first-named borrowers, and we check whether you qualify.
Nil Foreclosure Charges on Floating Rates
Pay off early without a penalty on a floating plan, and we factor that into what we recommend.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
Cent Bank Home Finance Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Cent Bank Home Finance Home Loan Key Highlights
Get the lowest interest rates with Cent Bank Home Finance
Loan Amount: Up to Rs. 30 lakh
Rate of Interest: 9.65% base rate, effective 9.95% onwards
Processing Fee: 0.50% of the loan amount, subject to a maximum of Rs. 20,000
Maximum Tenure for Repayment: 30 years
Penal Rate of Interest: 2% p.a.
Charges for Prepayment/Foreclosure: Fixed rate
3% on the amount prepaid + GST; floating rate - nil
Cent Bank Home Finance Home Loan Interest Rates in 2026
Cent Bank Home Finance offers housing loans on a base rate of 9.65% plus a spread that varies with the borrower profile. The table below sets out the effective rates for salaried, self-employed and non-individual applicants:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Salaried | 9.65% base + 0.30% spread; effective 9.95% |
| Self-Employed | 9.65% base + 0.45% spread; effective 10.10% |
| Non-Individual Loan up to Rs. 30 lakh | 9.65% base + 1.50% spread; effective 11.15% |
| Non-Individual Loan over Rs. 30 lakh | 9.65% base + 2.00% spread; effective 11.65% |
Cent Bank Home Finance Home Loan Eligibility Criteria
Every applicant must meet a set of predefined eligibility criteria that determine whether they qualify for the loan amount. Listed below are the Cent Bank home loan eligibility requirements:
For Salaried Individuals
Age Range (in years)
Completed 18 years of age as at the date of the loan application
Nationality
Resident Indian citizens and NRIs
For Self-Employed Individuals
Age Range (in years)
Completed 18 years of age as at the date of the loan application
Nationality
Resident Indian citizens and NRIs
Cent Bank Home Finance Home Loan Processing Fee and Charges
Cent Bank Home Finance Limited charges a processing fee along with some additional charges as part of the loan processing procedure. The table below sets them out:
| Processing Fee | 0.50% of the loan amount, subject to a maximum of Rs. 20,000 |
| API Integration Charges | Rs. 81 + GST |
| Documentation Charges | Rs. 1,350 + GST |
| Repo Rate | 8.35% |
| Prepayment / Foreclosure Charges | None for floating-rate home loans. For fixed-rate loans, no charge if repaid from own sources; otherwise 3% on the amount prepaid plus GST |
| Penal Rate of Interest | None |
Cent Bank Home Finance Home Loan Schemes and Top Plans
Cent Bank offers a variety of housing finance plans for different customers according to their needs and earning potential. The most popular schemes are listed below:
- Moratorium available for up to 3 years
- Open to all existing home loan applicants
- Repayment tenure of 30 years; 10 years in the case of renovation or repair
- Loan amount based on the property value and the repayment potential of the applicant
- Available as an overdraft facility or a term loan, depending on the purpose of the loan
- All customers over 18 years of age are eligible to apply
- Specifically designed for women applicants
- A woman should be the sole borrower or the first-named borrower under the scheme
- Available for a house or flat not more than 40 years old, with remaining property life at least 10 years beyond the loan tenure
- Repayment tenure of 25 to 30 years
- Open to all customers, individually or jointly
- Concession offered where a joint loan is taken for a vehicle and a home together
- Maximum loan amount of Rs. 40 lakh
- Applicants must show a minimum income of Rs. 4 lakh per annum over the previous 2 years in their ITR
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Cent Bank Home Finance, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Cent Bank Home Finance Home Loan
Home loan applicants at Cent Bank Home Finance must submit the following documents as part of the housing loan application process:
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply for a Cent Bank Home Finance Home Loan Through BASIC Home Loan
Applying for a Cent Bank home loan is a simple procedure that can be followed as below:
Apply Now on the BASIC Website
Head to the APPLY NOW section on the BASIC Home Loan website.
Share Your Requirement
Enter your name, contact details, loan amount and pincode, then submit the form.
We Take It Forward With Cent Bank
A BASIC Home Loan team member contacts you and guides you through the application procedure.
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