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Central Bank of India
About

Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'. In fact, such was the extent of pride felt by Sir Sorabji Pochkhanawala that he proclaimed Central Bank of India as the 'property of the nation and the country's asset'. He also added that 'Central Bank of India lives on people's faith and regards itself as the people's own bank'. 

During the past 99 years of history the Bank has weathered many storms and faced many challenges. The Bank could successfully transform every threat into business opportunity and excelled over its peers in the Banking industry.

Among the Public Sector Banks, Central Bank of India can be truly described as an All India Bank, due to distribution of its large network in 27 out of 28 States as also in 4 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3563 branches and 195 extension  counters at various centers throughout the length and breadth of the country.

 

Loan Amount,Interest Rates @ EMI
Base Rate 10.25%
Upto 75 lacs 10.25% - EMI @ 981.64
Above 75 lacs 10.50% - EMI @ 998.38.
Tenure
Min 1 Year - Max 25 years
Features
  • Maximum tenure of 25 years.
  • Finance for plot loans up to a maximum of 25 lacs.
  • Prepayment charges are Nill in case borrower repays entire loan amount out of his/her own sources.  1% of outstanding amount if account is taken over by other Bank/FIs.
  • Co-applicants can be any body of the family members even brother or sister.
  • Processing fee is as lower as 0.5% of loan amount or a maximum of Rs. 20,000/-
 
Products
Knowing about the product will always make the home loan processing smooth to every customer. Before going for a home loan processing see which product suits you best.
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Home Loan Documents
To start with the home loan processing a customer need to submit the documents and this will vary depending on the product, bank and income source.
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Eligibility Calculators
One of the most important stages in home loan processing is the calculation of the applicants’ eligibility for the home loan. By taking one gross and net incomes into consideration.
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Application Tracking
Normally customers want to know their file status during the home loan process. But people face different types of situations where they wrongly...
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Home Loan Agreement
Normally customers want It is the Agreement which a customer need to sign before going for disbursement of the loan which he requested to the bank to fund...
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Draft Agreements
To complete the legal and technical process over a property which the customer is buying by taking the home loan need to have a sale...
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