Central Bank of India Home Renovation Loan
Central Bank of India, established in 1911 and headquartered in Mumbai, offers this home renovation loan at a floating interest rate of 7.2% to 8.75%, with a processing fee of 0.5%, for amounts up to ₹25 lakh and tenures of up to 120 months (10 years).
Per the bank's Cent Home product page, this repair/renovation sub-limit carries a loan-to-value of 75% and a margin of 25%, with the same ₹25 lakh ceiling and 10-year maximum tenure applying under the shared rate schedule. Prepayment penalty, minimum loan amount, minimum tenure, minimum CIBIL score, applicant age, minimum salary, employment type, and documentation requirements are not published for this product.
Eligibility
Loan terms
- Repair/renovation sub-limit LTV 75%, margin 25%, max ₹25 lakh, max tenure 10 years — under the same Cent Home rate schedule
Documents
- PAN and Aadhaar
- Income proof (salary slips or ITR)
- Bank statement
- Documents for the pledged asset
Fees & charges
FAQ
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.