Central Bank of India Home Loan Interest Rate
Central Bank of India Home Loan Interest Rate
One of the top public sector banks in India, the Central Bank of India makes housing affordable for all citizens. Central Bank of India home loan interest rate starts at 8.50% per annum. The maximum loan repayment tenure is 30 years.
Central Bank of India 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
Central Bank of India Home Loan Key Highlights
Amount of Loan
Up to Rs. 30 lakh
Rate of Interest
8.50% p.a. onwards
Processing Fees
0.50% up to INR 20,000
Max Tenure for Loan Repayment
30 years
Central Bank of India Home Loan Interest Rates in 2025
Central Bank of India home loan interest rate 2025 starts at 8.10% per annum and may go up to 8.35% p.a. The interest rates for varied home loan schemes offered by the bank are shared in the table below:
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Salaried Applicants | 8.50% - 9.50% p.a. |
| Self-Employed Applicants | 8.50% - 9.50% p.a. |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Repo Linked Lending Rate (RLLR)
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 8.50% per annum onwards |
Central Bank of India Home Loan Interest Rates for All Schemes in India
The table below shares the bank’s interest rates for all of its housing schemes:
| Home Loan Schemes | Rate of Interest on Home Loan |
|---|---|
| Cent Home Loan | 8.50% - 9.50% p.a. |
| Cent home loan scheme for buying 3rd/4th flat | 9.35% - 9.85% p.a. |
| Cent Home Loan Double Plus | 9.35% - 9.80% p.a. |
| Cent Grih Lakshmi | 8.35% - 9.25% p.a. |
Central Bank of India Home Loan Interest Rates for Balance Transfer, Top Up, and Overdraft
The Central Bank of India offers a variety of options to enable loan applicants to meet emergency expenses when they arise. These include:
Central Bank of India Home Loan Balance Transfer
With this option, customers of other banks and NBFCs in India are encouraged to transfer their outstanding loan amount to Central Bank. The rate of interest for a Central Bank home loan balance transfer home starts at 8.45% per annum.
Central Bank of India Home Loan Top-Up
With the top-up feature, existing home loan applicants can avail of additional loan amounts over and above the current loan, without the need to apply for a separate loan. The interest rate starts at 9% per annum.
Central Bank of India Home Loan Overdraft Option
Central Bank’s overdraft facility allows customers to use additional funds from their account in times of need. The overdraft facility’s interest rate starts at 9.35% per annum.
Central Bank of India Home Loan EMI Calculator 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 8.50% p.a. | Rs. 12,399 | Rs. 8,678 | Rs. 7,689 |
| Rs. 20 lakh | 8.50% p.a. | Rs. 24,797 | Rs. 17,356 | Rs. 15,378 |
| Rs. 30 lakh | 8.50% p.a. | Rs. 37,196 | Rs. 26,035 | Rs. 23,067 |
| Rs. 40 lakh | 8.50% p.a. | Rs. 49,594 | Rs. 34,713 | Rs. 30,757 |
| Rs. 50 lakh | 8.50% p.a. | Rs. 61,993 | Rs. 43,391 | Rs. 38.446 |
| Rs. 60 lakh | 8.50% p.a. | Rs. 74,391 | Rs. 52,069 | Rs. 46,135 |
| Rs. 70 lakh | 8.50% p.a. | Rs. 86,790 | Rs. 60,748 | Rs. 53,824 |
| Rs. 80 lakh | 8.50% p.a. | Rs. 99,189 | Rs. 69,426 | Rs. 56,667 |
| Rs. 90 lakh | 8.50% p.a. | Rs. 1,11,587 | Rs. 78,104 | Rs. 69,202 |
| Rs. 1 crore | 8.50% p.a. | Rs. 1,23,986 | Rs. 86,782 | Rs. 76,891 |
Disclaimer:
The table above provides the monthly EMI payable at an interest rate of 8.50% p.a. offered by the Central Bank of India. This data may vary from bank to bank.
How to Calculate Central Bank of India Home Loan Interest Rates?
The easiest and most accurate way to calculate the home loan interest rates for the Central Bank is to use the free online EMI Calculator tool at EMI. The table given provides data for the monthly EMI payable for different tenures - 10, 20, and 30 years - for Central Bank of India home loans at an interest rate of 8.50% p.a.
Compare Central Bank of India Home Loan Interest Rate with Top Banks
It helps to review the rates of interest of other lenders before applying for a home loan with the Central Bank of India. The table below highlights the interest rates of the top banks and NBFCs in India with that offered by the Central Bank:
Central Bank of India Home Loan Balance Transfer Interest Rates
As stated earlier, you can easily transfer your existing home loan amount to the Central Bank of India at a relatively lower rate of interest and also for better customer service.
The Central Bank of India Balance Transfer interest rate starts at 8.35% per annum. You can easily initiate the process by following the simple steps below:
Visit the BASIC Home Loan website.
Go to the Repay Right section.
Fill in the required details in the online form given in the section.
Click ‘Next’ to proceed to the next page.
Check your savings by selecting the Central Bank of India Home Loan Balance Transfer option.
You may also choose to contact the BASIC Home Loan team for a seamless balance transfer option.
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