IFSC Codes , Toll Free Numbers and Other Details of India
IFSC Codes Toll Free Numers Personal Loans

Central Bank Of India Personal Loan Details With Interest Rate

Kindly Check Complete Details For Central Bank Of India Personal Loan.


Central Bank Of India
Personal Loan
11.95%
500+service tax
10Lac
12-48 mnths
Full Details for Central Bank Of India Personal Loan
Personal Loan Scheme (Corporate)
Eligibility
  • Permanent employees of large corporate Clients.

Target Group


All employees of Corporate Clients who enjoy credit facility with our bank and employees of other Corporates also who are not enjoying any credit facility with us

Facility

  • Demand Loan

Loan Amount


Twenty times of gross salary subject to maximum of Rs.500,000/- and minimum net take home pay of 40% of gross salary after taking into consideration payment of statutory dues, repayment of various loans including the installment of proposed loan.

Security

  1. Salary to be routed through account maintained with our branch.
  2. The borrower should give an irrevocable undertaking for not transferring salary account to any other Bank during currency of loan. Such undertaking should be got registered with/acknowledged by the employer.
  3. Authority Letter to be submitted by the borrower to debit the salary account for monthly installments.
  4. In case the salary is not routed through our Branch, the following undertaking to be submitted for sanction of loan;
    • Irrevocable undertaking from the employer to deduct EMIs from the salary of the borrower employee and pay the same directly to the Bank, till full adjustment of loan amount.
    • Undertaking should cover deductions not only from salary but also from bonus / exgratia payment / terminal dues in case of retirement, death, cessation of service for any other reason and any other dues from the employer.

Repayment

  • 36 Months -EMIs

Interest Rate

  • MCLR +3.50%

Processing Fee

  • Rs. 500/- per propsal

Other Terms & Conditions


Net worth of the company and profits made by it will be taken into consideration for sanction of personal loans to the employees of the company.
For further details please contact our nearest branch or call on the toll free no. 1800 22 1911 Cent Personal Loan Scheme Purpose:

To meet personal / domestic expenses

Eligibility:

Permanent Employees of Railways, Government institutions, Central and State Government, Schools, Hospitals, Municipal Bodies etc .having completed ONE year of service
OR
Confirmed/ Permanent employees of Indian/multinational Companies having completed minimum THREE years of service.

Quantum of loan:

Twenty times of gross salary subject to maximum of Rs.10,00,000/- and minimum net take home pay of 40% of gross salary after taking into consideration payment of statutory dues, repayment of various loans including the instalment of proposed loan.

Rate of Interest:

MCLR(12m) + 3.00%

Repayment:

48 equated monthly Instalments.

Processing Fees:

Rs.500.00 + S.T

Cent Ratna Purpose

Personal Loan to Permanent employees of any Maharatna/Navratna/Major PSUs. but not for speculative purpose.(List of eligible companies are enclosed as Annexure-I)

Loan Amount

  • 20 times of Gross Salary.
  • Maximum Rs. 6, 00,000/- per employee.

Guarantee

  • Personal guarantee of one co-employee of worth at least equal to loan amount.

Repayment

  • Maximum 60 equated monthly installments commencing from one month after the month of disbursement.

Interest Rate

  • MCLR+ 3.50% .
  • 50 basis points in Interest concession shall be provided to the borrower maintaining and operating Salary Account with the Bank's Branch.

Other Terms & Conditions

  • Net take home pay after taking into account the proposed loan installment should not be less than 40% of the gross salary.
  • Maintaining of salary account is not compulsory.
  • Borrower to open saving account with minimum balance of Rs.10,000/- and the account should be operative during the tenure of the loan.
  • Copy of borrower's mandate to be sent to the employer for salary deduction of EMI and remittance to the Bank be lodged with the Branch wherever feasible.
  • ECS Mandate to be obtained from the prospective borrowers and registered with the Banker where the salary of borrower is credited and acknowledged copy to be held on records or monthly Post dated cheques of salary account should be obtained.

Annexure-I (LIST OF MAHARATNA/NAVARATNA/MINIRATNA (OTHER PSUs) Companies )

1. Coal India Limited

43. India Tourism Development Corporation Limited

2. Indian Oil Corporation Limited

44. Indian Railway Catering & Tourism Corporation Limited

3. NTPC Limited

45. IRCON International Limited

4. Oil & Natural Gas Corporation Limited

46. KIOCL Limited

5. Steel Authority of India Limited

47. Mazagaon Dock Limited

6. Bharat Electronics Limited

48. Mahanadi Coalfields Limited

7. Bharat Heavy Electrical Limited

49. Manganese Ore (India) Limited

8. Bharat Petroleum Corporation Limited

50. Mangalore Refinery & Petrochemical Limited

9. GAIL (India) Limited

51. Mishra Dhatu Nigam Limited

10. Hindustan Aeronautics Limited

52. MMTC Limited

11. Hindustan Petroleum Corporation Limited

53. MSTC Limited

12. Mahanagar Telephone Nigam Limited

54. National Fertilizers Limited

13. National Aluminium Company Limited

55. National Seeds Corporation Limited

14. NMDC Limited

56. NHPC Limited

15. Neyveli Lignite Corporation Limited

57. Northern Coalfields Limited

16. Oil India Limited

58. Numaligarh Refinery Limited

17. Power Finance Corporation Limited

59. Pawan Hans Helicopters Limited

18. Power Grid Corporation of India Limited

60. Rashtriya Chemicals & Fertilizers Limited

19. Rashtriya Ispat Nigam Limited

61. RITES Limited

20. Rural Electrification Corporation Limited

62. SJVN Limited

21. Shipping Corporation of India Limited

63. Security Printing and Minting Corporation of India Limited

22. Airports Authority of India

64. South Eastern Coalfields Limited

23. Balmer Lawrie & Co. Limited

65. State Trading Corporation of India Limited

24. Bharat Dynamics Limited

66. Telecommunications Consultants India Limited

25. BEML Limited

67. THDC India Limited

26. Bharat Sanchar Nigam Limited

68. Western Coalfields Limited

27. Bridge & Roof Company (India) Limited

69. WAPCOS Limited

28. Central Warehousing Corporation

70. Bharat Pumps & Compressors Limited

29. Central Coalfields Limited

71. Broadcast Engineering Consultants (I) Limited

30. Chennai Petroleum Corporation Limited

72. Central Mine Planning & Design Institute Limited

31. Cochin Shipyard Limited

73. Ed.CIL (India) Limited

32. Container Corporation of India Limited

74. Engineering Projects (India) Limited

33. Dredging Corporation of India Limited

75. Ferro Scrap Nigam Limited

34. Engineers India Limited

76. HMT (International) Limited

35. Ennore Port Limited

77. HSCC (India) Limited

36. Garden Reach Shipbuilders & Engineers Limited

78. India Trade Promotion Organisation

37. Goa Shipyard Limited

79. Indian Medicines & Pharmaceuticals Corporation Limited

38. Hindustan Copper Limited

80. M E C O N Limited

39. HLL Lifecare Limited

81. National Film Development Corporation Limited

40. Hindustan Newsprint Limited

82. National Small Industries Corporation Limited

41. Hindustan Paper Corporation Limited

83. P E C Limited

42. Housing & Urban Development Corporation Limited

84. Rajasthan Electronics & Instruments Limited

Cent Personal Gold Loan Purpose
  • To meet urgent personal expenses like marriage / medical / educational needs, etc. other than for Agricultural purpose.

Nature of Facility

  • Demand Loan against pledge of gold ornaments of 22 Carat purity or Gold Coins (Maximum 50 gram per person) sold by our Bank.

Security

  • Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by our Bank.

Quantum of loan

  • Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by our Bank.

Margin:

  • 30% of the value at the time of sanction.

Maximum Limit of loan per gram

  • Rs.1750/- per gram of gold ornaments or 70% of the current market price of 22 carat gold whichever is less.
  • In case of gold coins sold by our Bank Rs.1850/- per gram of gold coins or 70% of the current market price of 24 carat gold whichever is less.
  • The weight of coin(s) pledged should not exceed 50 grams per borrower in case of advance against security of gold coins.
  • Drawing power will be revised suitably on monthly basis based on the market value of gold.

Repayment

  • The tenor of the loan should not exceed 12 months from the date of sanction.

Processing Fees

  • 0.5% of the loan amount plus tax plus applicable Appraiser Fee.

Rate of Interest

  • MCLR (12m) +2.00 % p.a. floating
Cent Teacher Purpose

To meet personal / domestic expenses.

Eligibility

Permanent Teachers / Employees of Schools / Colleges / Universities and other Educational and Research Institute and whose salary routed through account maintained with our branch

Nature of Facility


Demand Loan

Quantum of loan


Twenty times of gross salary subject to maximum of Rs.500,000/- and minimum net home pay of 40% of gross salary after taking into consideration payment of statutory dues, repayment of various loans including the installment of proposed loan.

Take home pay

Minimum 40% of Gross salary including installment of the proposed loan.

Security

  • Salary to be routed through account maintained with our branch.
  • The borrower should give an irrevocable undertaking for not transferring salary account to any other Bank during currency of loan.
  • In case the salary is not routed through our Branch, the following undertaking to be obtained for sanction of loan;
  • o Irrevocable undertaking from the employer to deduct EMIs from the salary of the borrower employee and pay the same directly to the Bank, till full adjustment of loan amount.
  • o Undertaking should cover deductions not only from salary but also from bonus / exgratia payment / terminal dues in case of retirement, death, cessation of service for any other reason and any other dues from the employer.

Guarantee

Personal Guarantee by co-employee of worth at least equal to loan amount.

Rate of Interest


MCLR+2.75%. If liquid security in the form of NSC/KVP/FD etc. is available to cover the loan, Concession of 1% in the ROI may be allowed

Repayment


48 Equated Monthly Installments or within the left over period of service whichever is less.

Processing Charges

Rs.500/- per proposal. Cent Suvidha Purpose
  • To meet any personal exigencies.

Eligibility

  • Salaried employees of Corporate Clients/ Schools / Colleges/ Universities/ Other Organizations whose salary is routed through Savings accounts of our branches at least for one year.
  • Operation in the account must be satisfactory.
  • Other Loan accounts of the applicant, if any, should have satisfactory conduct

Quantum

  • Overdraft may be allowed up to Rs.1, 00,000/- or one month's net salary whichever is less.

Repayment /Renewal of limit

  • Loan to be renewed annually.

Rate of Interest

  • MCLR+4.00%

Processing Charge

  • Nil

Security

  • Undertaking from the employer to credit monthly salary.

Other Conditions

  • Employer's consent to credit salary in the Overdraft account to be submitted.
  • Account to be brought credit balance by credit of salary once in a month.
Cent Liquid Scheme
Name of the Scheme

CENT LIQUID Scheme for Financing against Shares and Debentures.

Target Group Individuals who are the bonafide owners of the shares / debentures and are maintaining DEMAT account with Depository Participant.
Nature of Facility In the form of Over draft or Demand Loan.
Purpose Maximum Rs.20.00 lakhs
Security Shares in dematerialised form only. The lien with Depository Participant should be marked in Banks favour.
Margin 50% on the value of the shares worked out on the basis of Average market price for last 6 months or the current market price whichever is lower.
Quantum Maximum Rs.20.00 lakhs
Repayment On Demand or 12 months whichever is earlier. The limit may be reviewed on annual basis and renewed on merits.
Rate of Interest MCLR + 4.00%
Cent Doctor Scheme Purpose
  • Purchase of equipment, setting up of Clinic, X-ray Lab, Pathological Laboratory, Nursing Home, Poly Clinics etc., clinic-cum-residence, expansion/renovation/modernization of existing premises.
  • Purchase of vehicles, ambulance, computer etc. for medical practitioner.
  • Working Capital requirement including stock of medicine /disposables.

Eligibility

  • Individuals/Partnership/Companies/Trusts.>
  • Applicants / Promoters should have recognized qualification in any branch of medical science like MBBS /BAMS/BDS/BHMS or any recognized degree in Physiotherapy / Radiology etc and should have minimum practical experience required to establish Hospital/Nursing Home/Clinic.
  • Partnership - Out of total partners at least 50% should be qualified and registered medical practitioners.
  • Company - At least 50% of the promoter / directors should be qualified and registered medical practitioners.
  • Trusts - Trusts should be registered and having power to borrow. At least one of the trustees should be qualified medical professional and Registered Medical Practitioner

Quantum of Loan:

  • Minimum - Rs.100,000/-
  • Maximum: Rs.5,00,00,000/-
  • Rural / Semi-Urban areas -Rs 50.00 lakh
    • Working Capital limit of up to Rs. 5 lakh
    • may be considered, if required,
    • within overall limit of Rs.50.00 lakh
  • Urban / Metro Areas - Rs.500.00 lakh
    • Working Capital Limit of up to Rs.10 lakh
    • may be considered, if required, within
    • The overall limit of Rs.500.00 lakh.
  • Margin

    • 25 % against the construction of Nursing Home/Clinic
    • 15 % against equipment

    Security

    • Primary - Hypothecation of assets acquired out of bank finance/ EM of property in case of construction of building.
    • Collateral - No guarantee /collateral for loans up to Rs.100.00 lakh, Which are to be covered under CGTMSE Guarantee only.
    • For loans above Rs.100.00 lakh, collateral up to at - Least 50% of the loan amount to be taken.

    Rate of Interest

    • MCLR+2.25 % for purchase of equipments, Working Capital etc.
    • MCLR+2.50 % for construction loan of Nursing Home / Clinic/ Clinic-cum-residence.

    Guarantee


    For loans above Rs.100.00 lakh, Personal Guarantee of all the Partners, Promoter Directors, Trustees to be taken in case of Partnership, Limited Company and Trust account respectively.

    Repayment Period

    • For purchase of equipment etc., maximum period up to 84 months including moratorium period of 6 months.
    • In case of Loan for construction of Nursing Home / Clinic-cum-residence, period of loan is 10 years maximum including moratorium of 12 months.

    Prepayment Penalty


    If loan is prepaid from own sources or by genuine sale of the unit, no prepayment charges are levied. If loan is taken over by other Bank/FI, prepayment penalty is to be levied @ 1 % on loan outstanding on the date of such take over.

    Processing Charges


    0.5% of loan amount Maximum Rs.10,000/-

    Insurance


    Comprehensive insurance of assets purchased out of bank loan including immovable property, with usual bank clause, preferably through Bancassurance.
For further details please contact our nearest branch or call on the toll free no. 1800 22 1911
Advertising
All these ifsc codes and micr codes are owned by respective banks. We are trying to help people to find the ifsc code and micr code. Any code can be wrong so please confirm with bank before any bank transfer.