Central Bank of India Loan against Property

What the procedure of take against property (Home Loan) from Central Bank of India because I want to take loan against property from this bank so ask you the procedure of take loan and tell me also about interest rate of this loan of this bank so please tell me about this

[Shaleen]

Given below is the uploading page from where you can get the details related to the Central Bank of India Loan against Property (Home Loan), the attachment contains the information of following topics:

Purpose
Eligibility
Quantum of loan
Margin
Security
Guarantee
Repayment
Rate of Interest
Processing Charges

For the detailed information, here is attachment:

[Reyan]

I have no idea about Cetral Bank of India Loan against Property but i have another great solution for loan against property.GO with HDFC for loan against property because HDFC’s Loan Against Property can leverage the economic worth of your home while continuing to enjoy occupancy of the same, so that you get immediate finance to meet a variety of personal and business needs.Checkout some salient features of that.

Loans against fully constructed, freehold residential and commercial properties for:
Business Needs
Marriage, medical expenses and other personal needs
Transferring your outstanding loan availed from another Bank / Financial Institution
Longer tenure, smaller EMIs.
Attractive interest rates.
Easy and hassle free documentation.
Simple repayments through monthly instalments.
Integrated branch network for availing and servicing the loan anywhere in India.

Will you tell me about the Home Loan Scheme of the Central Bank of India , as I want to know about it , for get loan from there ?

[Arun Vats]

As you want I am here telling you about the Home Loan Scheme of the Central Bank of India.

Home Loan Scheme- Central Bank of India:

Eligibility:

Individual/salaried employees/ self-employed persons /professional, any other person having a legal, identified and regular source of income.

Rate of Interest

Presently Rate of interest on Housing Loan is as under

Loan amount Rate of interest

Loan upto Rs.75 lakh BR+0 =10.25% (Floating)

Loan above Rs. 75 lakhs BR+0.25=10.50% (Floating)

BR = BASE RATE (PRESENT BASE RATE 10.25%)

Purpose of loan :

For construction / acquiring of new or existing house/flat not older than 30 years.

For extension in the existing house/flat.
For repairs/renovation/alteration of existing house/flat.

Finance may be granted for purchase of plot obtaining declaration from the borrower that he/she/they undertake to construct the house on the plot within the period of two years.

For more detail , here is the attachment.