Central Bank of India offers competitive Home Loan rates with the best EMI of ? 686 per lakh availed at a low-interest rate of 7.30% for a maximum tenure of 30 years. If you are paying an EMI more than ? 686 per lakh, you should consider the option for a loan transfer to Central Bank of India from your existing bank.
One may also ask, what is the EMI for 20 lakhs home loan?
EMIs on a 20 lakh home loan for 30 years
| Loan Amount | Interest rate | EMI |
|---|---|---|
| Rs.20 lakh | 6.75%* | Rs.17,551 |
| Central Bank of India Home Loan 2021 | |
|---|---|
| Interest Rate | 6.85% onwards |
| Loan-to-Value Ratio | Up to 90% of the property value |
| Loan Tenure | Up to 30 years |
| Processing Charges | 0.50% of the Loan Amount (Max. of Rs. 20,000) + GST |
Correspondingly, which bank is best for home loan in 2020?
So, to choose the
| S.No | Bank Name | Market Percentage |
|---|---|---|
| 1 | SBI Home Loan | 34.00% |
| 2 | HDFC Ltd | 24.13% |
| 3 | LIC Housing | 05.83% |
| 4 | ICICI Bank | 13.10% |
How many times we can take home loan?
Firstly, the number of times you can take a home loan in your name is restricted to five. But if any of the home loans are closed, one can get it for a larger number of times.
What is HDFC home loan rate?
HDFC offers home loans with EMIs starting from ?649 per lac and interest rates starting from 6.75%* p.a. with additional features such as flexible repayment options and top-up loan.
How much loan I can get if my salary is 25000?
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.
How much interest will I get for 20 lakhs?
Formula of Calculation of EMI
| Loan amount | Interest Rate | EMI per month |
|---|---|---|
| 5 Lakh | 8.35% | Rs. 6,159 |
| 10 Lakh | 8.50% | Rs. 9,847 |
| 15 Lakh | 8.60% | Rs. 13,112 |
| 20 Lakh | 8.70% | Rs. 17,610 |
How much loan can I get if my salary is 15000?
HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.
What is RBLR rate?
RETAIL LOANS – INTEREST RATES /PROCESSING CHARGES w.e. f. 22-09-2020 RBLR 6.85 % w.e.f. 01.06.2020 & BOI MCLR 7.35 % Page 1. RETAIL LOANS – INTEREST RATES /PROCESSING CHARGES w.e. f. 22-09-2020. (All loans at floating ROI, Per Annum at monthly rests except otherwise mentioned)
How can I close my loan in Central Bank of India?
Foreclosing the Loan with Central Bank of India
If you want to foreclose your personal loan with Central Bank of India, you have to visit the bank, fill a form and submit the full and final payment through cheque, cash or demand draft. You have the option of choosing the mode of payment as per your convenience.
How can I check my loan status in Central Bank of India?
A person can check the loan status by calling the numbers 1800 22 1911 for any financial queries including Personal Loan. You can also directly go to the branch you apply at to meet the officer in charge to know the status of your personal loan application.
Which type of loan is cheapest?
To know
| Car Loan Lender | Interest Rate (in per annum) |
|---|---|
| ICICI Bank | 9.30% – 12.85% |
| HDFC Bank | 7.70% – 13.55% |
| Bank of India | 7.35% – 7.95% |
| IDBI Bank | 8.10% – 8.70% |
Which type of home loan is best?
Home
| Home Loan Interest Rates May 2021 | |
|---|---|
| Citibank | 6.65% – 7.40% |
| HDFC | 6.75% – 8.00% |
| ICICI Bank | 6.75% – 7.55% |
| Indiabulls Housing Finance Limited | 8.65% |
Which bank home loan is best?
Best banks to get your home loan in 2021
- State Bank of India (SBI)
- SBI home loan interest rate.
- HDFC.
- HDFC home loan interest rate.
- ICICI Bank.
- ICICI Bank home loan interest rate.
- Bank of Baroda.
- Bank of Baroda home loan interest rate.