Central Bank of India Personal Loan Apply, Interest Rate 2024

Central Bank of India Personal Loan Apply, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details we read in this article please keep till last.

If you want to get Central Bank of India Personal Loan then this article is for you. Personal loan is an unsecured loan. This loan is given by the lender to the customer on the basis of his credit history. You can take this loan to meet any of your personal expenses.

You have to apply for Central Bank of India Personal Loan. In this article, we will know what is Central Bank of India personal loan, what is the interest rate of the loan, eligibility, documents and how can we apply for this loan etc., so read this article till the end.

Central Bank of India Personal Loan

You can get a personal loan for any of your personal expenses like wedding expenses, travel, higher education, children’s fees etc. The amount given under taking a personal loan depends on the credit history of the applicant. The lender takes into account the factors such as the applicant’s CIBIL score , applicant’s income, age, repayment ability, residency etc. before granting a personal loan. If your credit score and your income is high then you can get Central Bank of India Personal Loan up to higher loan amount.

Central Bank of India offers many types of Instant Personal Loan . The loan amount and interest rate may be different for each loan. Under the Central Bank of India Personal Loan, you can get a maximum loan of up to Rs 10,00,000 (Rs 10 lakh). The loan tenure of this loan is 48 months. Central Bank of India personal loan interest rate starts from 9.85% p.a.

Central Bank of India Loan Overview

• Loan Name : Central Bank Of India Personal Loan 2024
• Name of the lending bank: Central Bank of India
• Loan amount: Up to Rs 10 lakh
• Loan Tenure: 48 Months
• Interest Rate : Starting from 9.85% p.a.
• Processing Fee : 1% of loan amount / For Defense personnel – Nil
• Application Mode : Online / Offline
• Official Website : https://www.centralbankofindia.co.in/

Central Bank of India Personal Loan Interest Rate 2024

Central Bank of India personal loan interest rate starts from 9.85% p.a. Just as we need to know about Home Loan Interest Rate 2024 before taking a home loan, in the same way, before taking a personal loan, we need to know about Personal Loan Interest Rate. If you apply for that loan without knowing the correct interest rate of the loan, then you may have to face problems at the time of repayment of the loan.

According to the information given below, you can understand the Central Bank of India personal loan interest rate very well:

Rate of Interest: RBLR = REPO + SPREAD+ CREDIT RISK PREMIUM ( REPO RATE 4.00%)

• Low Category : REPO+ 5.85 % + 0.00 % = 9.85 %
• Medium Risk Category : REPO+ 5.85 % + 0.200% = 10.05 %

Benefits and Features of Central Bank of India Personal Loan

• Any person can take this loan to meet his personal / household expenses.
• The interest rate of this loan starts from 9.85% per annum.
• The tenure of Central Bank of India Personal Loan is up to 48 months.
• The processing fee for this loan is up to 1% of the loan amount.
• The processing fee for defense personnel is nil.
• You can take a maximum loan of Rs 10 lakh under the Central Bank of India Personal Loan.
• You can apply online by visiting the bank’s official website or you can apply offline by visiting your nearest Central Bank of India branch.
• The loan amount given under the loan depends on the credit history of the applicant.

Central Bank of India Personal Loan Eligibility

If you fulfill all the conditions of this personal loan and you are eligible for this loan then only you can apply for it. You must have the following eligibility to apply. You can calculate your eligibility with the help of Personal Loan Eligibility Calculator by visiting the official website of the bank.

• The applicant can take this loan to meet his personal / household expenses.
• Permanent employees of Railways, Government Institutions, Central and State Governments, Schools, Hospitals, Municipal Bodies etc. who have completed one year of service.
• Permanent/Permanent employees of Indian/MNCs who have completed minimum three years of service.

Central Bank Of India Personal Loan Documents

Before applying for the loan, you should keep all your documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately. To apply for this loan, you need to have the following documents:

• Filled and duly signed application form
• Passport Size Photo |
• Identity Proof (Driving License, PAN Card, Passport, Voter ID, Aadhar Card).
• Residence Proof (Voter ID, Aadhar Card, Driving License, Passport).
• Bank statement of last 3 months.
• Latest Salary Slip with Latest Form 16

Central Bank of India Personal Loan Apply

If you fulfill all the conditions of this loan then you can apply for this loan both online and offline. You can apply by following the steps given below.

Central Bank of India Personal Loan Apply Online

• To apply online, you have to first visit the official website of Central Bank of India, centralbankofindia.co.in .
• On the home page of the website, the option of personal loan will appear in the option of Retail Loans, click on it.

• On the next page, you will see the option of Cent Personal Loan Scheme , click on it.
• All the information related to personal loan will come in front of you.
• You have to read this information correctly.
• To apply, you have to click on the option of Apply Now .
• On the next page you will see yes and no option.
• If you are an existing customer of the bank then you have to click on yes and if you are a new customer then you have to click on no.
• After clicking, the loan application form will open in front of you.
• You have to enter all the information asked in the form correctly and submit the form.
• After that the representative of the bank will contact you and will continue the loan process further.

How to apply offline?

• To apply offline, you have to first come to the nearest branch of Central Bank of India.
• After coming to the bank, you will have to contact the bank employee.
• The bank employee will provide you all the information related to personal loan.
• After that your documents will be verified.
• Then you will be given a form, you have to fill this form and attach your documents with it.
• After that this form has to be submitted in the bank.
• If your loan is approved then the loan amount will be transferred to your bank account.

How to Check Personal Loan Status?

• First of all you have to visit the official website of the bank.
• The option of Apply for Retail loan will appear on the home page of the website, click on it.
• After coming to the next page, click on the option of Retail Loan .
• Now you will see the option of Track Status, click on it.
• On the next page, you can track the status of your application by entering your reference number and mobile number.

Personal Loan Fees and Charges

• Processing fee – 1% of loan amount, for Defense personnel – Nil
• Documentation Fee:
• Up to Rs.2 Lakh = Rs.270 + GST
• Above Rs.2 Lakh = Rs.450+GST
• GST for Defense Personnel = Nil

Central Bank of India Personal Loan EMI Calculator

Before applying for the loan, you should calculate the EMI (Equated Monthly Installment) of your loan. If you apply for the loan without calculating the EMI of the loan, then you may have to face problems at the time of repayment of the loan. Applicants can calculate their loan EMI with the help of Personal Loan EMI Calculator by visiting the official website of Central Bank of India. Loan EMI depends on three main factors – loan amount, interest rate and loan tenure.

Central Bank of India Personal Loan Customer Care Number

Complete information about this loan is given in this article. But if you are facing any kind of problem in applying for the loan or if you want to get other information about this personal loan, then you can get information by calling the Central Bank of India Customer Care Number given below:

• Toll Free Number: 1800 22 1911

Last Thoughts:

In this article, we have tried to give you complete information about Central Bank of India Personal Loan. Any person who wants to take advantage of Central Bank of India personal loan can read this article to understand the process of applying for this loan. The applicant can get a personal loan up to Rs.10 lakh. If you have any other type of information regarding the loan, then you can get information by calling on the Central Bank of India Personal Loan Customer Care Number. Hope you friends have found this article informative. If you liked this article then please share it with your friends.

FAQs on Central Bank of India Personal Loan