Central Bank of India personal loan can help you manage your financial requirements, with ease. The bank has numerous personal loan schemes to offer its customers helping them fulfil their personal financial requirements. You can use the funds to pay for anything, be it purchase of gadgets, home repair, small expenses, big-ticket expenses, medical care, travel trip etc. The bank has many personal loan plans, suitable for particular needs.
Our website, Loanbaba.com will provide you all details about personal loan Central Bank of India.
Maximum Rs. 10 lakhs
Up to 48 months
Starts at 11%
The following key points will help you understand the features and benefits of the personal loans:
Minimum Rs. 500 with added applicable tax
Duration of loan
Up to 4 years
Requirement of guarantor
Depends on applicant’s profile
Central Bank of India has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.
These loans are offered to permanent employees working in big corporations and are customers of the Central Bank of India.
Loans under this scheme are offered to help people comply with their domestic requirements. Individuals working in railways, schools, government institutions, hospitals, etc., having completed at least five years of their service can avail this loan. Also, to avail the loan, the individual should be routing their salary via the Central Bank of India.
Loans under this scheme are offered to permanent employees of Maharatna or Navratna or any major PSUs. The major condition to fulfil to avail the loan is the amount cannot be used for speculation purposes.
There are three different options to avail the Cent Personal Gold Loan. You can avail it as a demand draft, an overdraft counter to the pledge of gold coins that are sold to the Central Bank of India or an overdraft counter to the pledge of gold ornaments with the purity of 22 carats.
The demand draft works as a loan without regards to a fixed maturity period that can be termed back by the Bank with a notice period of 24 hours.
As the name suggests, the loan if offered to retirees who get their monthly pension credit to any of the Central Bank branches. They can use this amount for any of their legal credit requirements.
Central Bank customers who get their salary credited for serving as permanent teachers, permanent college employees, and permanent employees in school educational institutions, universities, research institutes, etc. are covered under the Cent Teacher loan scheme.
The Central Bank offers these loans to employees who get their salary credited to the any of the Central Bank branches, helping them fulfil their personal needs.
Loans under this scheme are offered to women entrepreneurs to help them generate a feasible and regular employment.
Loanbaba provides comprehensive information about personal loan schemes by Central Bank of India. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Personal Loan Central Bank of India interest rate starts at 11% but varies as per individual profile. Keep a check on this page to note the updated Central Bank of India Personal loan interest rate for the current year.
Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Central Bank of India personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Central Bank of India personal loan are discussed below:
Below provided are important questions about personal loan Central Bank of India.
If you apply for Central Bank of India’s pension loan and Cent Ratna scheme, then you may get concession of 50 basis points on the interest rate of the loan, if you operate and maintain pension drawing account, salary account, respectively, at the branch.
If you have liquid security such as fixed deposit, Kisan Vikas Patra, or National Savings Certificate to cover the personal loan, then a concession of one percent can be offered on the interest rate.
If you are a woman who is at least 18 years of age, then you can apply for Cent Kalyani scheme. There shall be no income ceiling.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Central Bank of India.
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