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

    Cent Rental is designed for financing property owners for business or any personal requirements. You can get a financing of up to Rs.10 crore with this facility at attractive rates starting from 10.25% p.a. You can take this loan for a maximum period of 10 years. The processing fee charged is 1% of the loan amount plus applicable taxes.

    Interest Rate
    • 10.25% p.a. onwards (Land Lord of Central Bank of India T/L)
    • 10.75% p.a. onwards (Term Loan)
    Processing Fee 1% of the loan amount + GST, subject to a minimum of Rs.5,000

    Features and Benefits

    • Attractive interest rates starting from 10.25% p.a.
    • Repayment tenure of up to 10 years
    • Every month, the entire portion of monthly rent receivables will be credited to your loan account
    • You have to pledge 100% of the proposed home loan in case the loan is repayable within 3 years
    • You have to pledge 133% of the proposed home loan in case the loan repayable is exceeding 36 months
    • You have to pledge 200% of the proposed home loan in case there’s any issue in coming to an agreement with the tenants to get future rentals
    • Financing of up to 75% of future lease rental receivables

    How to Calculate EMI for Cent Rental Loan Scheme

    Your monthly instalment or EMI depends on multiple factors including the loan amount, tenure, and interest rate. In order to calculate your monthly instalment amount, you can take help of Home Loan EMI Calculator.

    The entire process of computation is quite simple and hassle-free with a quick turnaround time. All you need to do is enter details pertaining to your home loan, including the loan amount, tenure, processing fee, and interest rate. Upon completion, click “calculate” to check your EMI.

    You can also view repayment schedule through a table.

    Eligibility Criteria

    • Property owners
    • Should be between 23 years and 70 years of age

    If you are a property owner and have your documentations ready, getting this loan won’t be that difficult. However, make sure that you have read the fine print thoroughly before signing up.

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