Central Bank of India personal loan helps customers meet their various monetary requirements like medical emergency, debt consolidation, etc. Furthermore, The Bank is committed to easy documentation as well as fast allotment helping customers to avail a lot of services making their life easier by being better at finance management.
Also, anyone looking for quick and straightforward disposal of Personal Loan may apply with Central Bank of India by checking in all the documentation and suitable requirements.
Why opt for Central Bank of India personal loan
Uniquely, Central Bank of India grants you Personal Loan starting at Rs.50000 – 500000 depending on the client’s financial power, credit score, and professional background.
Furthermore, customers can benefit Personal Loan without much tension, and they can have their request permitted inside four working hours.
Central Bank of India requires very less documentation for the approval of the Loan, and the loan process is very speedy.
Also, no Guarantor or Cosigner is required to avail the Loan.
Eligibility
Salaried
Profession: The person should be working in a government, private or MNC Company.
Eligible Age: The Minimum age to apply for a Personal Loan is 18-55 years.
Self-Employed
Eligible Age: The Minimum age to apply for a Personal Loan is 18-55 years.
Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.
Central Bank of India Personal Loan Interest rate
Interest rates start from 10.99%
Documents Required
Salaried
Atleast one Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
in addition, Address proof: Ration card, Passport, rent agreement, electricity/water bill.
PAN card
Self-Employed
Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
Address proof: Ration card, Passport, rent agreement, electricity/water bill.
Equally, important is the last six months of Bank statements.
Likewise, Latest ITR along with computation of income along with P/L audited by certified CA for the previous two years.
About Central Bank of India
Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. The bank has a joint venture with Bank of India, Bank of Baroda, and the Zambian government. It is based in Mumbai which is the financial capital of India and the capital city in the state of Maharashtra. Central Bank of India is one of 18 Public Sector banks in India to get recapitalized in 2009.
FAQs (Frequently Asked Questions)
Q. Why should I take a personal loan from central Bank?
Ans. Central Bank of India per gram allows you to know loans under its bouquet of personal loans.
Q. What is interest charged?
Ans. 10.99% is the minimum interest rate charged by the Bank.
Q. What is Tenure?
Ans: The Tenure of Personal Loan is 12-60 months.
Q. What amount Personal loan amount I can borrow?
Ans: Comparatively, The applicant can get a loan amount of Rs. 50000 to 500000 at maximum for three years.
Q. How much does the Bank charge as processing fee?
Ans: The processing fee charged is 1% for GST.
Q. Is age an eligibility criterion in getting a Personal loan?
Ans: Yes, age is a factor to apply for a Personal loan. The minimum age of the applicant should be 18-55 years.
Q. Do prepayment charge apply?
Ans: The pre closure charges are 0.