Central bank of India has designed a Cent Home Loan Plus scheme for its existing loan borrowers who repay loan timely and regularly. Bank gives loan for renovation / furnishing of house, you can refurbish your house, even take loan to buy furniture / LCD TV / Home theater etc. Banks allow you to repay loan amount in 60 equal monthly installments.
Highlights
Interest Rate
0%
Loan Amount
10% for construction and 20% for repairs, renovation and alteration of existing house or flat.
Tenure
Min. - 5 Yrs.
Max. - 20 Yrs.
Interest Rates
Tenure
Interest Type
Interest Rate
Offer
10 - 15 Yrs.
Floating
10.5 %
15 - 20 Yrs.
Floating
10.5 %
5 - 10 Yrs.
Floating
10.5 %
1 - 5 Yrs.
Floating
9.25 %
5 - 10 Yrs.
Fixed
10.75 %
1 - 5 Yrs.
Fixed
10 %
Fees & charges
Fees & charges
Security
Security
1) Mortgage of property
2) Additional Security - LIC Policy, Govt. Promissory Note, approved shares, debentures, NSC, IVP or KVP etc.