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Subsidiaries

2. Centbank Home Finance Limited


Incorporation In the Year 1991
Main Objects of The Company Promotion of housing finance activities
Net work of the company The Company is having 12 branches all over India and have its Regd & Corporate office at Bhopal
Branches Banglore, Bhopal, Bilaspur, Gwalior, Indore, Jabalpur, Jaipur, Lucknow, , Mumbai, New Delhi, Pune, Raipur

Types of Finance


The company provides finance for:
  • Construction / Purchase / Extension of house
  • Repairs and Renovation of house
The loan slabs and applicable rate of interest w.e.f 01/08/2006 for individual Housing Loans is given below:
Slab Rate of Interest
Fixed Rates (%)
Upto 10 Years 9.50%
Over 10 Years 10.50%
Floating Rates (%)
Upto 10 Years 9.00%
Over 10 Years 9.50%
Variable Rate (Only for existing borrowers) (%)
Upto 5 Years 9.25%
Above 5 years to 7 years 9.50%
Above 7 years to 20 years 10.00%

Interest Rates on Fixed Deposits

Scheme 1 (Fixed Deposit Quarterly Income)

Period (Months) Rate of Interest (%)
12 21 6.75 %
24 33 7.25 %
36 84 7.50 %

Scheme 2 (Fixed Deposit Monthly Income)

Period (Months) Rate of Interest (%)
12 21 6.75 %
24 33 7.25 %
36 84 7.50 %

Scheme 3 (Cumulative Deposit)

Period (Months) Rate of Interest (%)
12 21 7.00 %
24 33 7.50 %
36 84 7.75 %

Additional interest of 0.50% per annum offered to deposits directly accepted from staff members/ ex-staff members and spouse of staff members of CBHFL, Central Bank of India, NHB, UTI, HUDCO, RBI, & Senior Citizens.
Senior citizens who are staff and/or their spouse who are employed with CBHFL, Central Bank of India, NHB, UTI, HUDCO, & RBI will be paid further 0.50%.

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