Current Central Bank of India Home Loan interest rates varies between 6.85% to 7.30%. The Central Bank of India follows the MCLR method to determine the interest rates on retail loans.
Here is the latest MCLR Rates w.e.f 10th June 2021
|
MCLR revised rates w.e.f. 10.06.2021 |
|
|
Tenor |
MCLR |
|
Overnight |
6.55% |
|
1 month |
6.55% |
|
3 month |
6.85% |
|
6 month |
7.00% |
|
1 year |
7.10% |
Central Bank of India Latest Home Loan Interest Rates
Home Loan Interest Rates for existing Borrowers
|
Description |
Repo rate |
SPREAD |
Low-Risk Rating Premium |
ROI Low Risk |
Medium Risk Rating Premium |
ROI Medium Risk |
High-Risk Rating Premium |
ROI High Risk |
|
Cent Home Up to Rs.25 Lacs |
4.00 |
2.85 |
0.00 |
6.85 |
0.10 |
6.95 |
0.20 |
7.05 |
|
Cent Home Rs.25 Lacs – Rs.30 Lacs |
4.00 |
2.85 |
0.00 |
6.85 |
0.10 |
6.95 |
0.20 |
7.05 |
|
Cent Home Rs.30 Lacs-Rs.75 Lacs |
4.00 |
2.85 |
0.00 |
6.85 |
0.10 |
6.95 |
0.20 |
7.05 |
|
Cent Home >Rs. 75 Lacs |
4.00 |
2.85 |
0.00 |
6.85 |
0.10 |
6.95 |
0.20 |
7.05 |
Home Loan Interest Rates for New Borrowers
|
Description |
Repo rate |
SPREAD |
Low-Risk Rating Premium |
ROI Low Risk |
Medium Risk Rating Premium |
ROI Medium Risk |
High-Risk Rating Premium |
ROI High Risk |
|
Cent Home Up to Rs.25 Lacs |
4.00 |
2.85 |
0.00 |
6.85 |
0.25 |
7.10 |
0.45 |
7.30 |
|
Cent Home Rs.25 Lacs – Rs.30 Lacs |
4.00 |
2.85 |
0.00 |
6.85 |
0.25 |
7.10 |
0.45 |
7.30 |
|
Cent Home Rs.30 Lacs-Rs.75 Lacs |
4.00 |
2.85 |
0.00 |
6.85 |
0.25 |
7.10 |
0.45 |
7.30 |
|
Cent Home >Rs. 75 Lacs |
4.00 |
2.85 |
0.00 |
6.85 |
0.25 |
7.10 |
0.45 |
7.30 |
Additional Read: Central Bank of India Eligibility Check
EndNote
Home Loan interest rates have decreased greatly in the past few years. This has led to a boom in the real estate sector. Lenders are continuously offering great offers and discounts to home loan borrowers to encourage them.