A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Cent Combo Scheme

    As part of the Cent Combo Scheme, the Central Bank of India provides you with a housing and vehicle loan. If you have a home loan plus a vehicle loan, you can save money by taking advantage of this scheme, which offers flexible interest rates based on the prevailing MCLR rate. The prevailing terms and conditions of the Cent Home Loan scheme and the Cent Vehicle scheme will remain the same, except for the changes mentioned below.

    Interest Rates

    The following discounted interest rates would apply for the Cent Combo Scheme. Interest rates are pegged to the prevalent MCLR.

    Home loan 0.25% concession on interest subject to the minimum MCLR
    Vehicle loan 0.50% concession on interest subject to the minimum MCLR

    Features and Benefits

    The features and benefits offered are as follows:

    • The Cent Combo scheme can be used to avail a concession on home and vehicle loans if applied for together.
    • Minimal processing charges at 0.25% of the loan amount with the maximum amount of Rs.20,000 + tax.
    • If your annual income is up to Rs.5 lakh, the net take home should not be less than 30% of the gross monthly salary. For borrowers earning between Rs.5 - 10 lakh, the net take home should be not be less than 25% of gross monthly salary.

    Quantum of Loan

    The amount of the loan will be determined by the amount of the home loan. The minimum house loan amount under this scheme should be Rs.20 lakh.


    There are certain eligibility criteria that should be met in order to apply for this loan. To apply, you must meet the below criteria:

    • You should be above 21 years of age at the time of application.
    • You should earn a minimum of Rs.4 lakh annually as per your last income tax return.


    The margin payable would depend on the loan amount for both home and vehicle loans. The margin is as given in the table below:

    Margin Home loan Vehicle loan
    10% Up to Rs.20 lakh Up to Rs.20 lakh
    20% Above Rs.20 lakh Above Rs.20 lakh

    Documents Required

    Along with your loan application, you must present specific documentation. Please contact the bank for information on the documentation required for this loan. Given below are the essential KYC documents to be provided.

    • Proof of identity
    • Proof of address
    • Passport-sized photograph

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