Central Bank of India Home Loan Availed in Aug 2012
BANK HAS GIVEN EXCELLENT SERVICE THERE WAS ALL TRANSACTIONS AND DEAL IN A TRANSPARENT MANNER BANK HAS REDUCED MY INTEREST RATE IMMEDIATELY WITH REDUCTION IN BASE RATE I AM VERY HAPPY WITH SUCH DEALINGSMoreLess
Kalathi Murugan, Hyderabad
Reviewed on 08th Oct 15
3.3 / 5 stars
Central Bank of India Home Loan Rate
Central Bank of India Home Loan Availed in
Availed home loan from Central Bank of India in 2014.Now the bank has reduced the rate which is satisfactory.However the bank may reduce the interest rate on par with State Bank of India. KalathiMuruganMoreLess
Gopalaswamy R, Bhopal
Reviewed on 17th Jul 14
2.8 / 5 stars
Central Bank of India Home Loan Availed in Jun 2014
My experience of a loan from Central Bank has been satisfactory. The rate has been stable. However, they can improve their customer service and reduce the number of documents they ask for. MoreLess
01st Aug 16 Central Bank of India reduces MCLR by 0.05 percent
Central Bank of India has reduced its Marginal Cost Lending Rate (MCLR) by 0.05 percent or 5 basis points across maturities. This has reduced its one-year MCLR to 9.35 percent, from the current rate of 9.4 percent . The month MCLR is reduced to 9.3 percent and 3 month MCLR is reduced to 9.25 percent. Overnight MCLR has been reduced to 8.9 percent , while 1 month MCLR has remained same at 9.2 percent. The new MCLR is effective from August 1,2016.
This rate cut of the bank will lead to lower interest rates on home loan, car loan, personal loan, etc, for loans taken under floating rate schemes. However, borrowers who have taken a loan at fixed rate, will not be benefitted by this reduction.