#1
6th August 2016, 05:32 PM
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Central Bank Of India Home Loan Eligibility
What is the eligibility criteria to apply for home loan offer by Central Bank of India to there customer’s?
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#2
8th August 2016, 08:00 AM
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Re: Central Bank Of India Home Loan Eligibility
I will tell you eligibility criteria to apply for home loan offer by Central Bank of India to there customer’s so that you can also apply for it. 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, Margin : 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% 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 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 Rate Of Interest: Base rate @ present 09.95% (Floating) Moratorium period: Maximum up to 36 months Processing Charges: 0.50% of the Loan Amount subject to maximum Rs.20,000/- Address:- Central Bank Of India Chander Mukhi, Nariman Point Mumbai – 400 021 Phone:- 022 – 6638 7777 |