Disclaimer: Cent Bank Home Finance is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Cent Bank Home Finance for home loans. No offers/services from Cent Bank Home Finance are being provided by Paisabazaar for home loans. For further information about Cent Bank Home Finance for home loans, users are required to reach out directly to Cent Bank Home Finance.
| Cent Bank Home Finance Home Loan Highlights | |
| Interest Rates | 9.95%-11.65% p.a. |
| Loan Amount | Up to Rs 2 crore |
| Tenure | Up to 30 years |
Rates as of 7th November 2024
Cent Bank Home Finance Home Loan Interest Rates
Cent Income Based Program
| Applicant Type | Interest Rate (p.a.) |
| Salaried | 9.95% |
| Self-employed (SEP/SENP) | 10.10% |
| Non Individuals (Up to Rs 30 lakh) | 11.15% |
| Non Individuals (Above Rs 30 lakh) | 11.65% |
Cent Income Estimation Program
| Applicant Type | Interest Rate (p.a.) |
| Self-employed (SEP/SENP) | 10.15% |
| Non Individuals (Up to Rs 30 lakh) | 11.15% |
| Non Individuals (Above Rs 30 lakh) | 11.65% |
Cent Low LTV Program
| Applicant Type | Interest Rate (p.a.) |
| Salaried | 10.15% |
| Self-employed (SEP/SENP) | 10.35% |
| Non Individuals (Up to Rs 30 lakh) | 11.15% |
| Non Individuals (Above Rs 30 lakh) | 11.65% |
Cent Post Pension Program
| Applicant Type | Interest Rate (p.a.) |
| Salaried | 10.65% |
| Non Individuals (Up to Rs 30 lakh) | 11.15% |
| Non Individuals (Above Rs 30 lakh) | 11.65% |
Cent Low Income Group Program
| Applicant Type | Interest Rate (p.a.) |
| Salaried | 11.15 % |
| Self-employed (SEP/SENP) | 11.15% |
| Non Individuals (Up to Rs 30 lakh) | 11.15% |
| Non Individuals (Above Rs 30 lakh) | 11.65% |
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Types of Cent Bank Home Loan Schemes
Cent Income Based Program
Purpose: Consumers can avail Cent Income Based Program for purchase and construction of new home, for making improvements and extension to existing properties, for purchase of residential plot and for plot purchase plus construction thereon.
Existing home loan borrowers of other banks and HFCs can avail Cent Income Based Home Loan Program to transfer their existing home loans to Cent Bank Home Finance at lower interest rates. Existing home loan borrowers of Cent Bank Home Finance can also this home loan facility to top-up over and above their existing home loans.
Loan Amount: Rs 2 lakh onwards
LTV Ratio:
| Loan Amount | LTV Ratio |
| Up to Rs 30 lakh | Up to 90% |
| Rs 30 lakh to Rs 75 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
Tenure: Up to 30 years
Cent Low LTV Program
Purpose: Borrowers who have invested more in property and require less funds can avail Cent Low LTV Program for home purchase, construction, extension or improvement. This loan facility can also be availed for plot purchase plus construction, plot purchase, balance transfer from other lenders and top-up to existing home loans.
Loan Amount: Rs 2 lakh to Rs 2 crore
LTV Ratio: Flat 40%
Tenure: Up to 30 years
Cent Post Pension Program
Purpose: Cent Bank Home Finance offers Post Pension Program to pensioners or Government/ PSU employees on the verge of retirement. Such individuals can avail this home loan facility for purchasing/constructing home properties, for improving/extending existing home properties, purchasing residential plots, transferring existing home loans from other lenders at lower interest rates and for additional loan amount over and above existing home loans.
Loan Amount: Rs 2 lakh to Rs 2 crore
LTV Ratio:
| Loan Amount | LTV Ratio |
| Up to Rs 30 lakh | Up to 90% |
| Rs 30 lakh to Rs 75 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
Tenure: Maximum age at the time of loan maturity should be 80 years
Cent Income Estimation Program
Purpose: Professionals or Self-employed Non-professionals can avail Cent Income Estimation Program for purchase or construction of house/flat, carrying out extension/improvement of existing properties, plot purchase, balance transfer from other home loan lenders at lower interest rates and for plot purchase and home construction thereon. Professionals and self-employed non-professionals can also avail Cent Income Estimation Program to top-up their existing home loans.
Loan Amount: Rs 2 lakh to Rs 1 crore
LTV Ratio:
| Loan Amount | LTV Ratio |
| Up to Rs 30 lakh | Up to 90% |
| Rs 30 lakh to Rs 75 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
Tenure: Up to 30 years
Cent Affordable Housing Fund
Purpose: Individuals having annual household income of up to Rs 6 lakh (in urban areas) and up to Rs 3 lakh (in rural areas) can avail Affordable Housing Fund from Cent Bank Home Finance for purchase/construction of house, making improvement or extension to existing properties and for purchase of plot plus house construction thereon.
Check Lenders Offering Home Loan at Attractive Interest Rates Click Here
Eligibility criteria for availing Cent Bank Home Finance
- Salaried Individuals/Professional/Self-employed Non-professionals/NRIs are eligible for Cent Bank Home Loan.
- Individuals employed with Government/PSUs or similar organizations who are entitled for monthly pension can avail Cent Home Loans under Cent Post Pension Program.
For Cent Affordable Housing Loan
- Individuals living in urban areas should have an annual household income of up to Rs 6 lakh.
- Weaker sections as defined by RBI, women and individuals living in rural areas having an annual income of up to Rs 3 lakh are eligible for Cent Affordable Housing Loans.
Documents Required for availing Cent Bank Home Finance
- Salary slip
- Form 16
- Income Tax Returns
Cent Bank Home Finance Fees and Charges
| Particulars | Charges |
| Login Fees | Rs 5,000 |
| Processing Fee | As per sanction terms |
| Statement of account | Rs 200 |
| Premature closure or Prepayment charges | For Floating Rates- NIL
For Fixed Rates- NIL if paid from own sources or 3% on the prepaid amount |
| Loan Pre-closure Statement | Rs 500 |
| Cheque dishonour charges | 1st bounce- Rs 500
2nd bounce onwards- Rs 750 |
| Conversion of Interest Rates | 2% of principal outstanding |
| Sanction Revalidation Charges | Rs 1,000 |
| EMI reset charges | Rs 1,000 |
| Satisfaction/Cancellation of charge | Rs 500 |
| Property Inspection Charges | Rs 1,000 |
| Document Retrieval Charges | Rs 2,500 |
| Photocopy of Title Deeds | Rs 1,000 |