Central Bank Of India Personal Loan 2024 : If you need to take a loan to meet your personal needs, then let us tell you that Central Bank of India also provides personal loan facility to its customers. Central Bank provides two types of personal loans, the first is Cent Personal Loan whose interest rate ranges from 12.00% to 12.75% and the second is Cent Pensioners Personal Loan, whose interest rate starts from 10.95%.
Central Bank of India Personal Loan Under this, you can avail a loan of up to Rs. 15 lakh with a maximum repayment period of 7 years. So, if you need a loan for your personal needs, you can avail Central Bank of India Personal Loan. Read on for detailed information on eligibility criteria, interest rates, required documents and application process, etc.
Central Bank Of India Personal Loan 2024
Central Bank Of India It provides personal loans to its customers for personal needs which can be a maximum of Rs 15 lakh. Apart from this, Central Bank offers loans keeping in mind the income, job profile, financial record and CIBIL history of the person. Under this personal loan, you can take Cent Personal Loan or Cent Pensioners Loan. For more information about Cent Personal Loan or Cent Pensioners Loan, read the information given below carefully.
Central Bank Of India Personal Loan Interest Rate & Charges
Central Bank Of India The interest rate of personal loan available under Central Bank of India depends on the type of loan. If you take a personal loan, then its interest rate can be 12% to 12.75%. The interest rate of Central Pensioners is 10.75%. A processing fee of 1% of the loan amount is also charged on Central Bank of India Personal Loan.
Apart from this, documentation fees are also charged which vary according to the category. Under Cent Personal Loan, documentation fees of Rs 270 is charged for loans up to Rs 2 lakh and Rs 450 for loans above Rs 2 lakh, while the documentation fee for Cent Pensioners is Rs 500. Apart from this, GST also has to be paid.
What are the types of Central Bank of India Personal Loan?
Central Bank Of India provides two types of personal loans, the information of which is given below –
| Types of loans | Cent Personal Loan | Cent Pensioners |
| Objective | Can be availed to meet personal or household needs. | Can be availed to meet the personal needs of the pensioner except for risky activities, real estate investments or illegal activities. |
| Loan Amount | Maximum Rs 15 lakh (20 times the gross salary) | Maximum Rs 10 lakh (18 times the monthly pension) |
| Duration | Upto 7 years | for 5 years |
| Processing Fees | 1% of loan amount and 0 for defence personnel | Zero |
Eligibility for Central Bank of India Personal Loan
# For Cent Personal Loan:
- Permanent employees of state or central government, schools, hospitals, railways and municipal bodies who have worked for 1 year can apply for this.
- The customer should have 3 years of experience in the job from when to when.
- Apart from this, permanent employees of Indian companies or multi-national companies can apply for the loan.
# For Cent Pensioners:
- Salaried pensioners or family pensioners can apply for Cent Pensioners Loan.
Documents required for Central Bank Of India Personal Loan
Required Documents : To apply for a personal loan from Central Bank of India, you will need these documents –
- Aadhar card
- PAN card
- Voter ID
- driving license
- Ration card
- Bank account statement
- salary slip
- ITR Returns
- Form 16 etc.
How to apply for Central Bank of India Personal Loan?
Central Bank Of India Personal Loan Online Apply: If you need to take a loan and now you want to apply for a personal loan from Central Bank, then we are going to tell you the complete process step by step, you follow these steps –
- To apply for a personal loan, first you Central Bank of India Go to the nearest branch of .
- After this, contact the bank employee and ask for a personal loan application.
- You can get information about personal loan interest rates and eligibility from the bank employee.
- Now enter all the information asked in the application form correctly and submit it along with the required documents.
- After this your documents will be verified and if everything is correct then your loan will be approved within a few days.
- As soon as your loan is approved by the bank, the loan amount will be transferred to your bank account.
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