Home › Home Loan › Central Bank vs ICICI Bank
Central Bank of India vs ICICI Bank Home Loan
Central Bank of India advertises the lower starting rate (7.45% vs 8.5%). On ₹50 lakh over 20 years that is about ₹7,83,415 less interest, or ₹3,264 less per month, at the starting rates.
| Central Bank | ICICI Bank | |
|---|---|---|
| Starting interest rate | 7.45% | 8.5% |
| EMI for ₹50 lakh, 20 years | ₹40,127 | ₹43,391 |
| Total interest | ₹46,30,464 | ₹54,13,879 |
| Processing fee | Not stated | Up to 2% of the loan amount, plus applicable taxes |
| Prepayment | Not stated | No prepayment charges on floating-rate home loans |
| Maximum tenure | - | 30 years |
Source: Central Bank of India official page, checked on November 2026 (2026-11-01).
Source: ICICI Bank official page, checked on November 2026 (2026-11-01).
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, Central Bank or ICICI Bank home loan?
Central Bank of India advertises the lower starting rate (7.45% vs 8.5%). On ₹50 lakh over 20 years that is about ₹7,83,415 less interest, or ₹3,264 less per month, at the starting rates. Your actual rate may differ from the starting rate.