new interest rate of Central Bank of India for home loan In a welcome move for homebuyers, Central Bank of India has revised its home loan interest rate to 7.35% p.a, down from 8.00% in the previous quarter. This significant rate cut, effective from June 2025, follows the RBI’s latest repo rate adjustment and aims to make housing finance more accessible for the common man.
Let’s explore the updated loan features, benefits, and how Mortbuzz can help you apply easily in Hadapsar, Pune.
📉new interest rate of Central Bank of India for home loan Previous vs New Interest Rate
| Period | Interest Rate (%) |
|---|---|
| March–May 2025 | 8.00% |
| June 2025 Onward | 7.35% |
A 0.65% drop in the rate can lead to substantial savings. For a ₹50 lakh loan over 20 years, you could save up to ₹4 lakh in total interest.
✨ new interest rate of Central Bank of India for home loan Key Features of Central Bank Home Loans
✅ New Interest Rate: 7.35% p.a (Repo Linked Lending Rate)
👩 Women Borrower Benefit: Concession of 0.05% on interest rate
📅 Tenure: Up to 30 years or until borrower turns 75 years old
🚫 No Prepayment, Foreclosure, or Part-Payment Charges
🏡 Loan Amount: Based on property value and income eligibility (up to 90% LTV)
📝 Simplified Documentation and faster digital processing
🧠new interest rate of Central Bank of India for home loan Who Can Benefit From This Rate Cut?
🏘️ First-time homebuyers looking for affordable EMIs
👨👩👧 Families upgrading to a larger home
👩 Women borrowers wanting lower interest rates
🔁 Loan Balance Transfer customers shifting from high-interest loans
👴 Senior citizens or older borrowers needing tenure up to 75 years
💡new interest rate of Central Bank of India for home loan Why Central Bank of India is a Strong Choice
Lowest Interest Among PSU Banks: At 7.35%, it beats many competitors.
Women-friendly Scheme: Lower rates for female applicants
Secure & Trusted: As a government-owned bank, CBI offers reliability.
Long Tenure Benefit: EMIs remain manageable even for higher loan amount
📍new interest rate of Central Bank of India for home loan Mortbuzz: Your Local Loan Partner in Hadapsar, Pune
With Mortbuzz, applying for a Central Bank of India home loan becomes hassle-free:
🚪 Doorstep document pickup
📲 Online processing & updates
✅ Eligibility check & pre-approval support
💬 Dedicated advisor until disbursement
We serve Magarpatta, Amanora, Fursungi, Mundhwa, and other nearby locations in Pune.
📊 How Much Can You Save?
Let’s compare the new vs old rate for a ₹40 lakh home loan over 20 years:
| Loan Amount | Tenure | Old EMI @ 8.00% | New EMI @ 7.35% | Total Interest Saved |
| ₹40 Lakh | 20 yrs | ₹33,458 | ₹31,911 | ~₹3.71 Lakhs |
Use our EMI Calculator to find your savings.
📞 Final Word: Should You Apply Now?
Yes! With 7.35% p.a rate, 0.05% female discount, and no hidden charges, the Central Bank of India home loan is one of the most borrower-friendly options right now.
Let Mortbuzz simplify your home loan journey with expert help, faster approvals, and end-to-end service.
📲 Get in Touch with Mortbuzz
📍 Office: Hadapsar, Pune
📞 Call/WhatsApp: +91 9028XXXXXX
🌐 Website: www.mortbuzz.in
📩 Email: contact@mortbuzz.in