Central Bank of India Loan

[Rohit Barla]

Hy I want to take car and that’s why I want to take loan from the Central Bank of India so please can you give me the eligibility details for the Central Bank of India loan and tell me that what is the interest rate for the Loan and how can I apply for the loan?

Central Bank of India provide Cent Home Loan Scheme for construction/ acquiring of new home /flat or for acquiring existing home

Cent Home Loan Scheme

Purpose :

For construction/ acquiring of new home /flat or for acquiring existing home / flat which has remaining life of applied loan tenure plus 10 years.

For repairs/renovation/alteration of existing home/flat

Eligibility -

Individuals , Groups of individuals , who have attained 18 years ( completed) as on date of application and including Cooperative Societies , having a legal, identified and regular source of income either singly or jointly with Parents, sons, spouse.

NRI are also eligible for Housing loan,

Quantum of Loan -
Depending on repayment capacity of borrower & value of property.

Margin :

Loan Amount Home loan as percentage of Cost of Home/flat

Upto Rs.20.00 Lakhs 90%

Above Rs. 20.00 lakhs – up to Rs. 75. 00 lakhs 80%

Above Rs. 75.00 Lakhs 75%

For repairs / renovation / alteration of existing house/ purchase of plot. 75%

Repayment:

Maximum period of 30 years or on borrower reaching the age of 70 years whichever is earlier

10 years in case of Repair/Renovation

Moratorium period:
Maximum upto 36 months

Processing Charges:
0.50% of the Loan Amount subject to maximum Rs.20,000/-

Contact-

Corporate Office :

Central Bank of India
Chander Mukhi, Nariman Point
Mumbai – 400 021
Tel.: 022 – 6638 7777

Call Center Toll Free No ( 24 hours ) .-1800 22 1911

I want to apply for Home Loan in Central Bank of India CBI so can you please provide me the details of the Home Loan?