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To close your loan account with the Central Bank of India, you should visit the branch, pay off all outstanding dues and submit the account statement with zero outstanding. The bank will take your request, close the account and give you a NOC (No Objection Certificate) to that effect. 

Central Bank of India offers you one of the lowest home loan interest rates in the market. It would be financially smart and economically very beneficial to get a home loan from the Central Bank of India. 

Current Central Bank of India Home Loan interest rates varies between 6.85% to 7.30%. The Central Bank of India follows the MCLR method to determine the interest rates on retail loans. 

Calculating your Central Bank of India home loan EMI in advance before taking a loan helps you to determine if you can afford the monthly EMIs. 

It always a good idea to calculate the EMI amount, you will be paying, before applying for a home loan. The Central Bank of India Home Loan EMI Calculator helps you do that. A Home Loan EMI Calculator will allow you to input the loan amount, interest rate and repayment tenure to give you the approximate EMI amount that you need to pay. 

Central Bank home loan EMI for every Rs. 1 lakh loan starts at Rs. 686. The applicable EMI amount as per the total loan taken can be easily calculated by using an online EMI calculator.

Central bank offers a minimum home loan amount of Rs. 15 lakhs and the maximum amount is Rs. 10 crores with an interest rate of 6.85%. In case the interest rate rises, a home loan borrower may have to pay higher EMI and this can increase the financial burden for a borrower. Interest rates can fluctuate depending on market conditions and as per rates announced by the central bank.

Before taking a home loan from HDFC bank, it is essential to calculate the EMI or equated monthly instalments to get an exact idea about the amount to be repaid including principal and interest component. This can help in balancing your monthly expense schedule. In case you do not calculate your EMI beforehand, it can result in an imbalance of your monthly budget and you could lend in a debt trap.

You can use any good online EMI calculator to determine EMI towards housing loan repayment of HDFC home loan. 

HDFC home loan EMI can change in the future depending on an increase or decrease in interest rates if you have opted for a floating rate home loan. However, in the case of a fixed-rate home loan, the EMI will not change throughout the loan tenure. 

HDFC Bank has a certain set of eligibility criteria based on which it will decide if you are eligible for a home loan. Before applying for a home loan, an applicant can use an online eligibility calculator to check his/her eligibility. This way, there will be lower chances of the loan application being rejected.

SBI home loan is preferred by applicants because of lower interest rates offered by the bank as compared to HDFC bank. Here is a comparison between the home loan offerings of both banks

SBI is preferred for a home loan and HDFC bank is the preferred choice when it comes to personal banking. SBI is known for its low-interest rates whereas HDFC bank is the preferred choice when it comes to the quality of banking services.

For a loan amount of Rs. 10 lakhs, the EMI could be approximately Rs. 7,600 per month. This is considering the ongoing interest rate of 6.75% and an assumed loan tenure of 20 years for a home loan. 

HDFC Bank offers many individuals a convenient way to make their dreams of owning a home come true by offering HDFC Bank home loan. Because of stable or falling property rates, now seems like the right time to invest in a house. 

SBI home loan will take the spouse’s salary or income into consideration if the home loan is taken as a joint loan with more than 1 applicant. 

At ongoing interest rates, SBI home loan EMI comes at Rs. 645 for a 30-year loan tenure as compared to HDFC bank which offers home loan EMI at Rs. 649 for 30 years. Many customers prefer SBI home loan because of lower interest rate as compared to HDFC bank.

SBI, the largest public sector bank in India is one of the top choices for home loans. With an objective to attract more home loan buyers, SBI now offers concessions on home loans. The State Bank of India (SBI) announced an interest concession of a maximum of 30 bps on home loans and a 100% waiver on processing fees at the start of 2021.

State Bank of India home loans are preferred by millions of home buyers across India because of their attractive interest rates at 6.80% p.a. SBI also launched a concession offer of 70 bps on interest rates and zero processing fees on loans taken till 31st March 2021. The bank allows loan tenure to be extended for a maximum of 30 years so that customers can enjoy a comfortable repayment period. 

Home First is a technology-driven housing finance company that provides affordable home loans to individuals who belong to low- and middle-income groups. The company offers loans to people who are building or purchasing their first homes. 

Magma Fincorp Limited was incorporated in 1988 and started its operations in 1989. It is headquartered in Kolkata and is registered with the Reserve Bank of India. Today, the company offers services across 21 states via its 154 offices.