Factors that Affect Central Bank home loan

  • Principal- The principal is the Central Bank home loan amount that you avail from the lbank or ender. It is directly proportional to EMIs you have on your name - lower principal of Central Bank home loan  will lower your monthly instalments/EMI and vice versa.
  • Rate of interest- The rate of interest for Central Bank home loan  is the rate at which the lender/bank offers you the Central Bank home loan. It is also directly proportional to the value of your other type of loan EMIs.
  • Tenure- The tenure is the time within which you repay your Central Bank home loan. The tenure is inversely proportional to your other types of loan EMIs - longer tenure for Central Bank home loan makes the monthly instalments easy to repay and vice versa.

 

  • Allahabad Bank