CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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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.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application