Product Details
Bank Name
Central Bank of India.
Maximum Loan Tenure
Not specified.
Maximum Loan Amount
Not capped.
Interest Rate
9.35% to 9.80%.
Type
Floating Interest Rate.
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Down Payment
For loan upto INR 30 lakhs, down payment should be 10%. For loans between INR 30 Lakhs and INR 75 Lakhs down payment has to be 20%. For loans above INR 75 Lakhs down payment has to be 25%.
Fees and Charges
Processing fee: 0.50% of the loan amount subject to cap of INR 20,000+ GST
Prepayment charges for floating rate: Nil.
Penal Interest On Late Payment: Not specified on website.
Legal Fee: INR 1350+GST.
Stamp Duty And Registration Charges: At actuals.
Minimum CIBIL Score
Not specified.
Down Payment and Fees
Cent Home Loan Scheme for purchasing 3rd or 4th house/flat.
Special Features
The processing fee is waived till 31.12.2024
Eligibility Criteria
Applicant should be salaried employees or self-employed persons or professional or any other person having a legal, identified and regular source of income.
The borrower be 18 years old (completed) as on the date of application.
Special Concession
None.
Home Saver Option
Not specified.
Features, Eligibility and Concession
Pros
Low interst rate.
0 processing fee till 31.12.2024.
Borrowers can avail moratorium upto 24 months.
Cons
Down payment required is high.
Pros & Cons
Application Procedure
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