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 financial requirements. There is also a special Cent personal loan for COVID treatment. There is a facility of a loan against gold jewellery and bank-sold gold coins. So, the personal loan is all-inclusive or benefits that help meet urgent fund requirements.
In this post, we will discuss types of Central Bank of India Personal Loan schemes, their features, end purpose, loan amount, eligibility criteria, tenure, repayment, terms and conditions, interest rates, processing fee, guarantee, and other details.
Here are the types of personal loans by the Central Bank of India and their features:
Here are the details of this Central Bank of India Personal Loan:
Here are the details of a personal gold loan by the Central Bank of India:
Here are the details of the Central Bank Personal Loan for COVID patients:
Here are the FAQs on Central Bank of India FAQs:
For a loan up to Rs. 2 lakhs, the charge is Rs. 270 + GST. For a loan over Rs. 2 lakhs, the charge is Rs. 450 + GST. There are no charges for defence personnel.
There are no charges for documentation of the Central Bank of India Personal Gold Loan.
The processing fee is 0.75% of the loan amount. This includes the appraiser fee for the valuation and testing of the gold jewellery. The minimum and maximum fees are subject to Rs. 500 and Rs. 10,000, respectively.
When a security is taken for the loan, it cannot be released by the bank until you close the personal loan, even if you have closed the existing home or mortgage loan. A Letter of Negative Lien/Undertaking has to be obtained wherever required. For pensioners, PPO is obtained.
You will have to complete and sign the loan application form. Along with this, you have to submit a term loan agreement, consent letter of the guarantor, letter of interest variation, acceptance of sanction letter by the guarantor or borrower, letter of guarantee, and letter of waiver.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of the Central Bank of India.
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