Owning a home is a lifelong aspiration, and the Central Bank of India Housing Loan helps turn that dream into reality with affordable financing and simple terms. The bank provides multiple loan options tailored to diverse needs, from purchasing or constructing a home to renovating, extending, or even buying a third or fourth property. Popular products include Cent Home Loan, Cent Grih Lakshmi, Cent Home Double Plus, and Cent Top Up Scheme, each crafted to suit different borrower profiles.
Linked to the Repo Linked Lending Rate (RBLR), the Central Bank’s housing loans ensure complete transparency, passing on the benefits of RBI rate changes directly to customers. Borrowers can enjoy interest rates starting at 7.10%* p.a., flexible tenures of up to 30 years, and even processing fee waivers available until March 31, 2026.
Central Bank of India Housing Loan Highlights
To help borrowers make an informed decision, the Central Bank of India offers various housing loan products with unique features. These include special schemes for women, loans for multiple properties, top-up facilities, and overdraft-linked options.
The table below outlines the major highlights of each scheme.
| Feature | Cent Home Double Plus Scheme | Cent Top Up Scheme | Cent Home Loan for 3rd/4th House | Cent Grih Lakshmi |
| Maximum Tenure (Salaried) | 30 years or up to 70 years of age | Not beyond existing housing loan tenure | 30 years or up to 70 years of age | As per general home loan policy |
| Facility Type | Home Loan with Overdraft Facility | Term Loan | Term Loan | Term Loan |
| Loan Amount | Based on LTV and EMI/NMI ratio | ₹2 lakh – ₹100 lakh | Based on LTV and borrower margin | Based on LTV and borrower margin |
| Minimum Credit Score | Scheme-specific | 700 and above | Standard rating norms | Standard rating norms |
| Processing Fees | Full waiver till March 31, 2026 | Full waiver till March 31, 2026 | Full waiver till March 31, 2026 | Full waiver till March 31, 2026 |
Central Bank of India Housing Loan Interest Rates
Understanding the applicable interest rate helps borrowers plan their finances better. The Central Bank of India’s housing loan rates are linked to the RBLR (Repo Linked Lending Rate), which currently stands at 8.25% (Repo 5.25% + Spread 3.00%).
| Scheme Name | Interest Rate Formula | Effective Rate (Range) |
| Cent Grih Lakshmi | Repo + 1.85% to Repo + 3.00% | 7.10%* – 8.25%* |
| Cent Home Loan | RBLR – 1.05% to RBLR + 0.45% | 7.20%* – 8.70%* |
| Cent Top Up Scheme | RBLR – 0.70% to RBLR + 0.50% | 7.55%* – 8.75%* |
| Cent Home Loan (3rd/4th House) | RBLR – 0.10% to RBLR + 0.80% | 8.15%* – 9.05%* |
| Cent Home Double Plus Scheme | RBLR + 0.20% to RBLR + 0.90% | 8.45%* – 9.15%* |
Note: Interest rates differ according to the scheme selected, the borrower’s credit score, and internal risk rating. The table below summarizes the current ranges for each scheme.
Also Read: Impact of Repo rate Cut on Home Loan
| Repo Rate and Its Impact on Home Loans – Central Bank of India
Before selecting a floating-rate home loan, understanding the Repo Rate is vital, as it directly affects the interest rate you pay. The Repo Rate is the rate at which the Reserve Bank of India (RBI) lends short-term funds to commercial banks. When the RBI increases the repo rate, banks’ borrowing costs rise, and this may result in an increase in home loan EMIs. Conversely, when the repo rate decreases, EMIs generally reduce, benefiting borrowers with floating-rate loans. At the Central Bank of India, home loan interest rates are linked to the Repo Linked Lending Rate (RLLR). This means that any change in the RBI’s repo rate will directly influence the effective rate applied to your housing loan. The RLLR mechanism ensures complete transparency, passing on both increases and reductions to borrowers promptly. As of December 2025, the RBI Repo Rate stands at 5.25%, forming the foundation for the Central Bank of India’s RLLR-based home loan pricing structure. |
Central Bank of India Housing Loan Processing Fee & Charges
When evaluating a home loan, understanding all associated fees is crucial. The Central Bank of India promotes borrower convenience with a 100% waiver on processing charges for several housing loan schemes until March 31, 2026, significantly reducing the cost of borrowing.
| Charge Type | Cent Home Double Plus | Cent Top Up | Cent Grih Lakshmi / 3rd/4th House |
| Processing Fee | 0.50% of loan amount + GST (max ₹20,000) | 0.50% of loan amount + GST (max ₹20,000) | 0.50% of loan amount + GST (max ₹20,000) |
| Current Offer | Full Waiver till March 31, 2026 | Full Waiver till March 31, 2026 | Full Waiver till March 31, 2026 |
| Documentation Charges | ₹1350 + GST | ₹450 + GST | Varies by scheme |
This waiver initiative makes home loans more affordable for new borrowers and existing customers seeking top-up or refinancing options.
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Compare Central Bank of India Housing Loan Interest Rates with Top Home Loans
It is always advisable to compare housing loan rates before applying. The table below illustrates how the Central Bank of India’s offerings stack up against other major banks.
| Bank / NBFC | Interest Rate (p.a.) |
| Central Bank of India Home Loan | 7.10%* onwards |
| SBI Home Loan | 7.50%* onwards |
| HDFC Home Loan | 7.90%* onwards |
| Bank of Baroda Home Loan | 7.45%* onwards |
| Union Bank of India Home Loan | 7.45%* onwards |
| ICICI Bank Home Loan | 7.65%* onwards |
| Axis Bank Home Loan | 8.35%* onwards |
| Kotak Mahindra Bank Home Loan | 7.70%* onwards |
| Federal Bank Home Loan | 8.75%* onwards |
| IDFC FIRST Bank Home Loan | 8.85%* onwards |
Note: The interest rates are indicative and may vary based on borrower profile and policy changes.
Central Bank of India Housing Loan Eligibility
The eligibility for a housing loan from the Central Bank of India is designed to accommodate various categories of borrowers, including salaried professionals, business owners, and NRIs.
General Eligibility Criteria:
- Minimum age of 18 years at the time of application.
- Applicant must have a regular source of income — salaried, self-employed, or professional.
- NRIs may apply jointly with a resident Indian relative under select schemes.
- For Cent Grih Lakshmi, the female applicant must be the first or sole borrower, and her name must appear on the property.
- For Cent Top Up Scheme, the applicant must already hold a housing loan account with the Central Bank of India.
- A minimum credit score of 700 is mandatory for top-up loans.
Documents Required for Central Bank of India Housing Loan
Central Bank of India follows a simple documentation process to ensure fast approvals. The list may vary slightly depending on the applicant’s occupation and the loan type.
- Completed Application Form with signature of all applicants.
- Identity & Address Proofs (PAN, Aadhaar, Passport, Voter ID, or Driving License).
- Income Proof (latest salary slips and Form 16 for salaried; ITRs and audited financials for self-employed).
- Bank Statement of last 6 months.
- Property Documents – Sale agreement, title deed, approved plan, and cost estimate.
- Photographs of all applicants.
Types of Central Bank of India Housing Loan
The Central Bank of India provides a wide range of housing loan schemes to meet the varied needs of borrowers, whether it’s buying or constructing a new home, acquiring an additional property, or availing top-up finance. These schemes include specialized products designed for women, investors, existing borrowers, and those seeking flexible repayment options.
Each scheme offers unique benefits such as extended repayment periods, overdraft facilities, and full waivers on processing charges until March 31, 2026.
Overview of Central Bank of India Housing Loan Schemes
| Loan Scheme | Key Purpose / Focus | Key Facility / Feature | Eligibility Focus |
| Cent Grih Lakshmi | Housing loan with mandatory female ownership | Standard home loan under Cent Home Loan T&C | Female must be sole or first-named borrower; property must include her name |
| Cent Home Double Plus Scheme | Acquisition, construction, or extension of house/flat | Home Loan with Overdraft Facility for better liquidity | Salaried, self-employed, professionals with regular income |
| Cent Home Loan for 3rd/4th House / Flat | Construction or purchase of a 3rd or 4th residential property | Standard term loan with long repayment (up to 30 years) | Individuals or close relatives jointly purchasing additional properties |
| CENT TOP UP SCHEME | Personal financing needs against existing housing loan | Term Loan facility over existing mortgage security | Existing Central Bank of India housing loan customers (min. CIC 700) |
Also Read: All Bank Home Loan Interest Rates
1. Cent Grih Lakshmi
The Cent Grih Lakshmi Scheme is designed to promote homeownership among women. It ensures that the female borrower holds ownership and financial responsibility for the loan. The scheme is valid until March 31, 2026.
Eligibility Requirements:
- The woman must be the sole borrower or the first-named borrower in the loan.
- The female’s name must appear on the property title.
- Other standard eligibility norms of the Cent Home Loan apply.
Processing Charges:
- Standard processing charge: 0.50% of the loan amount + GST, capped at ₹20,000.
- Full waiver of processing charges available until March 31, 2026.
Other Conditions:
- All other terms and conditions are the same as those of the Cent Home Loan Scheme.
Key Benefits:
- Encourages women’s financial inclusion and property ownership.
- Offers the same flexible repayment and interest terms as the main Cent Home Loan.
2. CENT TOP UP SCHEME
The CENT TOP UP SCHEME provides additional funds to existing housing loan customers for personal or home-related needs. It is particularly beneficial for borrowers who have maintained a good repayment history.
Purpose:
- Financing personal requirements (non-speculative purposes only).
- Excludes use for real estate, capital market, or prohibited activities.
Eligibility:
- Available to existing Housing Loan (HL) account holders with Central Bank of India.
- Includes both individual and joint borrowers, including bank staff.
- NRIs can apply jointly with a resident relative, as defined in the bank’s policy.
- The existing home loan must have been active for at least 1–2 years after the repayment period began.
Loan Amount:
- Minimum: ₹2 lakh
- Maximum: ₹100 lakh
Security and Repayment:
- Security is the extension of the existing mortgage over the housing loan property.
- Facility type: Term Loan
- Repayment tenure cannot exceed the remaining period of the underlying home loan.
Processing Charges and CIC Requirement:
- Processing fee: 0.50% of loan amount + GST (max ₹20,000)
- Full waiver of processing fees until March 31, 2026
- Minimum CIC score: 700 (CIBIL / Experian / Equifax / CRIF)
Key Benefits:
- Quick access to additional funds using existing property as security.
- Attractive repo-linked rates compared to personal loans.
- Convenient and fast approval for existing customers.
3. Cent Home Double Plus Scheme
The Cent Home Double Plus Scheme combines a traditional housing loan with an Overdraft Facility, offering borrowers flexibility in managing cash flow and reducing interest costs.
Purpose:
- Construction or acquisition of a new or existing home/flat.
- Also available for extension or improvement of an existing property.
Eligibility:
- Salaried, self-employed, and professional individuals with a regular income.
- Applicants must be at least 18 years old at the time of application.
- No guarantee required for salaried individuals (irrespective of loan amount).
- For self-employed borrowers, no guarantee required for loans up to ₹20 lakh.
Facility Type:
- Home Loan with Overdraft Facility, allowing surplus funds to be deposited to reduce interest and withdrawn when required.
Maximum Loan Tenure:
- For new or recent property (≤10 years old):
- 30 years for salaried borrowers.
- 25 years for non-salaried borrowers or up to 70 years of age (whichever earlier).
- For older property (>10 years):
- 25 years or up to 70 years of age (whichever earlier).
Moratorium and Security:
- Moratorium: Up to 24 months (depending on construction stage).
- If moratorium exceeds 18 months, Pre-EMI interest applies.
- Security: Equitable mortgage of financed property, which must be adequately insured.
Processing Charges:
- 0.50% of loan amount + GST (max ₹20,000).
- Full waiver of processing charges until March 31, 2026.
Key Benefits:
- Reduces overall interest burden through surplus fund deposits.
- Provides liquidity and easy access to additional funds.
- Ideal for professionals or self-employed borrowers managing variable cash inflows.
4. Cent Home Loan for Purchasing 3rd or 4th House / Flat
This specialized scheme caters to customers purchasing their third or fourth residential property, enabling them to invest further in real estate.
Purpose:
- Purchase or construction of a 3rd or 4th residential property.
- Can also be used to acquire existing houses/flats not older than 40 years and with a residual life at least 10 years longer than the loan tenure.
Eligibility and Co-Borrowers:
- Applicants must have a legal, identified, and regular source of income.
- May apply individually or jointly with close relatives such as parents, spouse, or sons.
- Brothers, daughters, and sisters may also be accepted as co-borrowers if they are (or will be) co-owners of the property.
Repayment and Moratorium:
- New or existing property (≤10 years old):
- 30 years for salaried borrowers.
- 25 years for non-salaried or until age 70 (whichever earlier).
- Property older than 10 years:
- 25 years or until age 70 (whichever earlier).
- Moratorium period: Up to 24 months (based on construction stage).
- Pre-EMI interest applicable if moratorium exceeds 18 months.
- For repair or renovation loans, repayment begins 3 months after first disbursement.
Processing Charges:
- 0.50% of the loan amount + GST (max ₹20,000).
- Full waiver available until March 31, 2026.
Minimum Margin Requirements:
- Salaried Borrowers (Loans ≤₹30 lakh):
- 10% for construction/purchase/extension.
- 25% for repairs (max ₹10 lakh) and plot purchase.
- Non-Salaried Borrowers (Loans ≤₹75 lakh):
- 20% for construction/purchase/extension.
- 25% for repairs (max ₹10 lakh) and plot purchase.
- All Borrowers (Loans >₹75 lakh):
- 25% for all housing and plot purchases.
Key Benefits:
- Enables purchase of multiple properties under regulated terms.
- Flexible repayment and moratorium options.
- Encourages investment and wealth-building through real estate.
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Central Bank of India Housing Loan EMI Calculator
Before applying for a home loan, borrowers can use the Central Bank of India EMI Calculator to estimate their monthly repayment amount.
Steps to use:
- Visit the official Central Bank of India website.
- Navigate to the Loan EMI Calculator under Retail Loan Tools.
- Enter your loan amount, interest rate, and tenure.
- Click “Calculate” to view your estimated EMI and total interest payable.
- Adjust parameters to select a repayment structure that fits your budget.
This tool helps in accurate financial planning by providing clarity on monthly commitments before availing the loan.
Check: Home Loan EMI Calculator
Apply for Central Bank of India Housing Loan
The Central Bank of India provides both online and offline application channels for convenience.
Steps to apply online:
- Visit Central Bank of India Housing Loan Page.
- Select your preferred loan scheme.
- Click “Apply Online” and fill out the digital application form.
- Upload the required documents for verification.
- Submit the form to receive an in-principle approval, followed by document verification and final sanction.
Applicants can also visit any branch for personalized support and physical submission of forms.
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Central Bank of India Housing Loan Customer Care
The Central Bank of India offers dedicated customer support for loan-related inquiries and assistance.
| Category | Contact Number |
| General Customer Care | 1800 30 30 |
| Pensioner Helpline | 1800 203 1911 |
| National Cybercrime Helpline | 1930 |
Borrowers can also visit their nearest branch or use the online grievance redressal portal for prompt assistance.
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