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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, first is Cent Personal Loan, whose interest rate ranges from 12.00% to 12.75% and second is Cent Pensioners Personal Loan, whose interest rate starts from 10.95%.
Central Bank of India Personal Loan Under this, you can take a loan up to a maximum of Rs 15 lakh whose repayment period is for a maximum of 7 years, so if you need a loan for your personal needs then you can take Central Bank of India Personal Loan, to take the loan Read on for detailed information about eligibility criteria, interest rates, required documents and application process etc.
Central Bank Of India Personal Loan 2024
Central Bank of India Provides personal loan to its customers for personal needs which can be maximum of Rs 15 lakh. Apart from this, Central Bank offers loans keeping in mind the person's income, job profile, financial records and CIBIL history. 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 following information carefully.
Central Bank Of India Personal Loan Interest Rate & Charges
Central Bank of India The interest rate of personal loan available under this depends on the type of loan. If you take cent personal loan then its interest rate can be 12% to 12.75%. The interest rate for cent 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 fee is also charged which varies according to the category. Under Cent Personal Loan, a documentation fee 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.
How many types of Central Bank of India personal loans are there?
Central Bank of India provides two types of personal loans, the details of which are as follows –
| Types of Loan | cent personal loan | St Pensioners |
| Objective | Can be taken to meet personal or household needs. | Can be taken to meet the personal needs of the pensioner other than 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 | for up to 7 years | for 5 years |
| processing fee | 1% of loan amount and 0 for defense personnel | Zero |
Eligibility for availing Central Bank of India Personal Loan
# Cent for Personal Loan:
- Permanent employees of state or central government, school, hospital, railway and municipal body who have worked for 1 year can apply for this.
- The customer should have at least 3 years of experience in the job.
- Apart from this, permanent employees of Indian companies or multi-national companies can apply for loan.
# For cent pensioners:
- Salary 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 return
- Form 16 etc.
How to apply for Central Bank of India Personal Loan?
Central Bank Of India Personal Loan Online Apply: If you have a need to take a loan and now you want to apply for a personal loan from the Central Bank, then we are going to tell you the complete process step by step, follow these steps –
- To apply for a personal loan, first of all you Central Bank of India Go to the nearest branch.
- 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 a bank employee.
- Now enter all the information asked in the application form correctly and submit it along with the necessary documents.
- After this your documents will be verified and if everything is correct, 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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