🇮🇳 India

Central Bank of India Last updated2026-05-28

Central Bank of India EMI Calculator 2026 rates.

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Quick answer

Central Bank of India home loan rate starts at 8.45% (typical 8.7%) as of 2026. A ₹50 lakh loan at 8.7% over 20 years = an EMI of approximately ₹44,026/month.

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EMI Calculator

Live

Loan Amount

₹

₹25.00 L

Interest Rate (p.a.)

Tenure (years)

Monthly EMI

₹21,696

/month

Total Interest

₹27.07 L

52% of total

Total Payable

₹52.07 L

over 20 years

Principal vs Interest Split

48% principal

52% interest

✨ Live · For home, personal, auto, education loans · Excludes processing fees

📊 Current rates

Central Bank of India loan rates (May 2026)

🏠 Home Loan

8.45–10.45%

typical: 8.7% p.a.

💵 Personal Loan

10.55–16.35%

typical: 12.25% p.a.

🚗 Car Loan

8.7–11.5%

typical: 9.15% p.a.

💳 Processing Fee

0.50% of loan amount (max ₹15,000 for home loans).

🔁 Prepayment

Zero on floating-rate retail home loans. Variable on fixed-rate.

About Central Bank of India

Why choose Central Bank of India?

Central Bank of India is India's oldest commercial bank (est. 1911 — first Indian-owned commercial bank), headquartered in Mumbai with about 4,500 branches concentrated in Madhya Pradesh, Maharashtra, Uttar Pradesh, and Bihar. Total advances around ₹2.7 lakh crore. The bank was under RBI PCA framework from 2017 to 2022 due to NPA stress, exited after government recapitalization (~₹14,000 crore total) and operational turnaround. Home loan book around ₹35,000 crore.

🎯 Unique angle

Central Bank has one of the deepest Madhya Pradesh and Bihar branch networks among Indian PSUs — often the only major bank within 20km in many tier-3 MP and Bihar towns. For these geographies, particularly for affordable housing and PMAY-CLSS segment first-time buyers, Central Bank is the rate-competitive natural choice with strong local underwriting expertise.

Product highlights

✓ CB Home Loan: 8.45-9.45% repo-linked floating rate
✓ Cent Awas: PMAY-CLSS focused affordable housing product
✓ Cent NRI Home Loan with Gulf NRI desk
✓ Cent Senior Home Loan for ages 50+
✓ Cent Plot Loan: pure plot purchase up to ₹2 crore

❓ Central Bank of India FAQ

Common questions.

Central Bank of India for Madhya Pradesh home loans?

Yes — Central Bank has the deepest MP branch network among national banks (~700 branches across Bhopal, Indore, Gwalior, Jabalpur, and tier-3 cities). The combination of competitive 2.85% repo-linked spread, processing-fee-friendly festival promotions, and well-established local valuer networks means Central Bank is typically the rate-leader for Madhya Pradesh first-time home buyers. For Bhopal and Indore mid-segment purchases (₹30-70 lakh), Central Bank often beats HDFC/ICICI by 30-60 bps on all-in cost.

Cent Awas vs PMAY-CLSS standard processing?

Cent Awas is Central Bank's dedicated affordable-housing product fine-tuned for PMAY-CLSS subsidy eligibility — pre-validated documentation templates, faster NHB subsidy submission, and direct credit of the ₹2.30-2.67 lakh subsidy to your home loan principal. For families earning under ₹18 lakh/year buying primary residence under ₹35 lakh in tier-2/3 cities, Cent Awas is one of the smoothest PMAY application paths in the PSU bank segment.

Central Bank exited PCA in 2022 — is it safe now?

Yes. Central Bank exited RBI's Prompt Corrective Action framework in September 2022 after meeting all four exit criteria (capital adequacy, NPA ratios, profitability, leverage). Since exit, the bank has been consistently profitable with capital adequacy around 15.5%. Gross NPA has fallen from peak 22% in 2018 to under 5% in 2025. DICGC ₹5 lakh deposit insurance applies, and Central Bank is classified as a fully compliant scheduled commercial bank.

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