31st January 2017 02:56 PM | |
Rajkumar Agarwal | Re: Housing Loan from Central Bank of India As you are looking for Housing Loan from Central Bank of India, so here I want to inform you that the Bank provides 2 Housing Loan Schemes. Cent Home loan Cent Home loan Plus CENT HOME LOAN 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 to Apply for Loan 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 Rate Of Interest : MCLR (Floating) Moratorium period: Maximum upto 36 months Processing Charges: 0.50% of the Loan Amount subject to maximum Rs.20,000/- CENT HOME LOAN PLUS Eligibility Existing Housing Loan Borrowers who have repaid their Housing Loan EMIs regularly for at least three years Purpose Refurbishment / renovation /furnishing of house or buying furniture /LCD TV/ Home theatre etc. Security Extension of mortgage on the House property for which Housing Loan was sanctioned. Quantum of Loan Maximum Rs.10.00 lakh Interest Rate Rate of Interest as applicable to Bank’s Existing Housing Loan Scheme in case of renovation. Repayment 10 years in Equal Monthly Installments. Processing Fee Rs. 500/- for each loan Interest Rates The MCLR for different tenors effective from 01.01.2017 Tenor MCLR Overnight 8.05% 1 month 8.35% 3 month 8.40% 6 month 8.45% 1 year 8.50% |
31st January 2017 02:29 PM | |
Unregistered | Housing Loan from Central Bank of India My father will go at branch of Central Bank of India to apply for Housing Loan. He wants to know about current interest rates for Housing Loan. So someone tell me about current interest rate and Margin for Housing Loan from Central Bank of India? |