FAQs

EMI means Equated Monthly Instalment. It is the amount payable to Centrum Housing Finance Limited every month, till the loan is paid back in full. Every EMI contains both Principal and Interest amount. With every EMI paid, the home loan amount gets reduced. The amount of the EMI depends on the quantum of loan, interest rate applicable and the term of the loan.

The amount that one can borrow depends on factors such as: The type & purpose of loan, Value of the property, and Income of the applicant(s).

We offer a variety of Home loans for various purposes. Please refer the Products section of the website for further information.

Repayment period ranges up to 20 years. Please refer the Products section of the website for further information.

Yes, it is necessary and advisable for you to make a joint application for a home loan. Preferably the co applicant is a close relative of the applicant like spouse, parents, brothers and siblings.

Before you purchase a property, you have to have a title and document search conducted by an empanelled advocate of Centrum. You must use the services of a competent advocate. It is a professional job to be done with professional assistance.

Carpet Area is the actual usable area of the property. Please consult a competent professional for the applicable property-area definitions before purchase.