Central Bank of India Home Loan interest rates · November 2026
Your home loan at Central.
Choose a scheme. Understand the rate. Explore your repayment.
What would I pay each month?
See scheme conditions Scheme selected for illustration. Check eligibility with the bank.
About you
Central's published home loan rates are the same whatever your credit score, income, gender or employer, so there's nothing to ask. Where you land inside a scheme's range is up to the bank.
At 7.25%, you repay ₹94.85 lakh: ₹50 lakh borrowed and ₹44.85 lakh interest.
In the first 10 years, most of each EMI is interest. From year 11, most of it repays the loan.
Every 0.25% off the rate saves about ₹754 a month. Worth asking for.
Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.
Scheme conditions & source
Understand this scheme
- Published rate
- 7.25%–8.50% p.a.
- Rate type
- Floating
- Pricing published as
- Repo + 1.75% to 3.00%
- Benchmark
- RBI repo rate today: 5.50%
- Who it's for
- As the bank's conditions say
What still needs confirming
- Your eligible rate and the scheme's conditions
- Processing fees and other charges
- How often the rate resets, and to what
Effective date not stated · checked 15 Nov 2026
Compare Central's home loan schemes
Different schemes have different conditions. Starting rates are not personalised quotes.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| Cent Grih Lakhsmi Home | 7.25%–8.50% | ₹39,519–₹43,391 | Selected |
| Cent Home | 7.45%–9.00% | ₹40,127–₹44,986 | |
| Cent Home Loan for 3rd/ 4 th / 5 th House | 7.95%–9.50% | ₹41,667–₹46,607 | |
| Cent Home Double Plus | 8.60%–9.40% | ₹43,708–₹46,281 |
*₹50 lakh over 20 years, before fees. Scheme names follow the bank's published wording.
How Central compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
The rates Central's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
MCLR by reset period · from 10 Nov 2026
| Reset period | Compared | MCLR |
|---|---|---|
| Overnight | 7.65% | |
| 1 month | 7.70% | |
| 3 months | 8.50% | |
| 6 months | 8.70% | |
| 1 year | 8.85% |
A loan on MCLR resets at the end of its period, most often one year, to the MCLR then plus its spread. If yours is still on MCLR, you can ask to move it to the repo-linked rate.
| Older benchmark | Rate | Effective from |
|---|---|---|
| Base rate | 9.10% | 10 Mar 2026 |
Loans taken before April 2016 may still be linked to these.
Official Checked 15 Nov 2026 · Bank's page 1 · Bank's page 2
Central home loan: questions borrowers ask
Which Central home loan scheme has the lowest rate?
Cent Grih Lakhsmi Home, from 7.25% a year (priced as Repo + 1.75% to 3.00%). Central Bank of India publishes 4 home loan schemes we read; each has its own conditions, so check which you qualify for.
What is the Central home loan interest rate?
As of 15 Nov 2026, Central Bank of India publishes home loan rates of 7.25% to 9.50% a year (floating). The lowest, 7.25%, is for: . The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹50 lakh home loan from Central?
At Central's lowest published rate of 7.25%, a ₹50 lakh home loan over 20 years costs about ₹39,519 a month, or ₹44,84,512 in interest over the loan. Charges and insurance are extra.
Are Central loans linked to the repo rate?
Yes. Central Bank of India states its floating home loan rates as the RBI repo rate plus a spread (Repo + 1.75% TO Repo + 3.00%). When the RBI changes the repo rate, the rate on these loans changes at the next reset.
What is Central's MCLR?
Central Bank of India's 1-year MCLR is 8.85%, effective 10 Nov 2026. Loans taken between 2016 and 2019 and many business loans are linked to it.
Is Central cheaper than other banks for a home loan?
Of the 8 banks we read for home loans, Central's lowest published rate (7.25%) ranks first, the lowest. Compare the charges as well as the rate.
Does RateScan get paid by Central?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.
More from Central
Other banks
How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
Independent. No referral fees. Official sources.
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