Central Bank of India Personal Loan Offers 2021
The Central Bank of India Personal Loan 2021 has come with the latest offers for salaried corporate and government employees, as well as self-employed individuals and professionals. It offers customizable solutions to meet a variety of personal financial needs. The bank now offers unsecured personal loans of up to Rs. 20 lakh and assures that the loan amount is approved quickly and with minimal paperwork.
The personal loans issued by the Central Bank of India can assist a person in a variety of scenarios, including medical emergencies, house renovations, wedding expenses, vacation expenses, and so on.
Steps to apply for Central Bank of India
The steps to apply for a Central Bank of India personal loan on Afinoz.com are as follows:
- Afinoz.com offer online loan application form.
- Examine offers from a variety of potential lenders, ranked by likelihood of approval.
- If available, select the loan offer(s) from the Central Bank of India, or contact Afinoz.com for assistance.
Features offered by Central Bank of India Personal Loan
Listed below are the features of the Central bank of India Personal Loan that help you to avail the loan:
- Loan amount: The largest personal loan amount offered by the Central Bank of India is Rs. 20 lakh. However, the maximum loan amount available to a person may vary depending on salary, credit score, repayment history, employer, applicant’s age, and other factors.
- Flexible repayment options: The loan can be repaid over a variety of terms. The duration of a personal loan from the Central Bank of India might range from 12 to 60 months, depending on the type of loan.
- Fast processing: If you match the qualifying criteria and provide all required papers, you can apply for a Central Bank of India Personal Loan from the convenience of your own home or workplace.
- Various schemes are available: Under the Central Bank of India Personal Loan category, there are a variety of schemes available, each tailored to meet the demands of different sorts of borrowers.
Central Bank of India offers Interest Rates
The user can check the table of Central Bank personal loan interest rates which are as follows:
| Types of Personal Loan offered by Central Bank of India | Interest Rate (p.a) |
| Cent Personal Loan Scheme | 9.85% onwards |
| Cent OD Facility to Pensioners | 8.45% onwards |
| Cent Pension Loan Scheme | 8.45% onwards |
| Cent Liquid Scheme | 11.15% onwards |
Eligibility Criteria of Central Bank of India
Check the list of Central Bank of India eligibility criteria that help you to avail of the loan in a simple way:
Cent Personal Loan Scheme
You must be a permanent employee of a government institution, such as the railways, the federal and state governments, hospitals, schools, and municipal authorities, and you must have served for at least one year.
Or
You must be a long-term employee of a multinational/Indian corporation with at least three years of experience.
Cent OD Facility to Pensioners
This loan is available to pensioners/family pensioners drawing pension from Central Bank of India branches, as well as ex-Central Bank of India employees.
Cent Pensioners
- Pensioners and family pensioners who receive their pension from one of our Bank’s branches.
- Pensioners who get their pensions directly through Treasury/DPDO (Defense Pension Disbursing Office) to the credit of their Central Bank of India branches’ savings accounts are also eligible.
- Central Bank of India Pensioners/Family Pensioners
Cent Liquid Scheme
The Cent Liquid Scheme is open to individuals who are bona fide owners of shares or debentures and have a DEMAT account with a Depository Participant.
Documents Required Before Applying for Central Bank of India
Under the personal loan category, the Central Bank of India offers a variety of plans, each with its own set of papers. The following are the basic documentation necessary for each sort of personal loan scheme:
- Identity Proof: Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card is all acceptable forms of identification.
- Address Proof: Ration card, bank account statement, passport, driving license, the electric bill, telephone bill, sale deed/property purchase agreement (for owned properties), Aadhaar card are all acceptable forms of proof of address.
- Income Proof: Income documentation includes bank account statements, salary slips, ITRs, and Form 16s, among other things.
How to log in to the Central Bank of India Portal?
The methods to login to the Central Bank of India portal are shown below:
- Step 1: Go to the Central Bank of India’s official website.
- Step 2: Select the option ‘Online Banking’ from the drop-down menu.
- Step 3: Select ‘Internet Banking’ from the drop-down menu.
- Step 4: Login and enter your Central Bank of India Internet Banking credentials.
- Step 5: After logging in successfully, you can check your account balance, apply for a new loan, check the status of your loan application, transfer funds, and complete other banking tasks.
Conclusion
Central Bank of India offers attractive interest rates and flexible repayment tenure for availing of personal loans. You can check personal loan interest rates and other details easily. One can simply visit Afinoz.com to availing of the loan from the Central Bank of India.
