Central Bank Business Loan

Central Bank of India provides business loans, including term loans, working capital loans, and overdraft facilities. These loans also cover lawful trading, servicing, manufacturing, processing activities, etc.

Schemes like Cent Business Gold Loan, Cent Warehouse Receipt, and Cent Rental Business Loan, Cent Stand Up India aim to reach a wide range of business requirements.

Read further to know how Central Bank Business Loans can be the key to unlocking your business potential.

Central Bank of India Business Loan Highlights

The bank offers business loans with varying fees. Below are the details of fees offered by CBI loans:

Loan Type Business loan
Loan Amount 25 crores
ROI 7.95% - 8.70% p.a. onwards
Loan Term 84 months
Note: Please be informed that the Central Bank business loan interest rates are subject to change per the market.

Types of Central Bank of India Business Loans

The table below brings to you, various schemes that the Central Bank of India provides under their MSME program to support small and medium-sized enterprises.

Loan Scheme Purpose Eligibility Facility
Cent Open Term Loan Emergent needs (breakdown, equipment, etc.) Existing borrowers under Rs.25 crores total exposure Term Loan
Cent Business Gold Loan Business needs Individuals (18-60), proprietorships,partnerships Term Loan, Overdraft, Cash Credit
Cent GST Loan Working capital needs GST-registered businesses
(except HUF/Trust)
Cash Credit
Cent Warehouse Receipt Scheme Finance Against warehouse/coldstorage receipt Farmers, processors, arthiyas, traders,
food & agro units, fertilizer manufacturers
Term Loan
Cent Pragati Lawful trading/service/manufacturing (excl. speculative) SC/ST/Women entrepreneurs
(51% shareholding/control)
CC cum TL (composite)

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Note - For all charges Tax will be charged extra wherever applicable. The charges are also subject to change.

Curious to know more on the different types of business loan offered?

Check more on working capital loan, equipment purchase loan, medical equipment loan, construction equipment loan and commercial vehicle loans from the linked pages.

In need of a business loan?

Other Business Loan Schemes by Central Bank of India

Besides, its dedicated focus on the MSME and SME sectors, Central Bank of India places significant emphasis on the agricultural sector through its specialized loan schemes. These initiatives are crafted to empower various aspects of agricultural development and rural enterprises.

Agri Loan Schemes

  1. Central Kisan Credit Card ( CKCC)
  2. Cent Agri Gold Loan Scheme
  3. Cent SHG Bank Linkage Scheme
  4. Cent AGRI INFRA Scheme
  5. Cent Flexi Agri-Business Loan
  6. Cent PMFME Scheme
  7. Cent Kisan Vahan Scheme
  8. Cent Animal Husbandry Infra Scheme
  9. Cent Farm Machinery Scheme
  10. Cent FPO Scheme
  11. STP CKCC Renewal

Note that many business loans are offered as per the loan schemes launched by government. Check more on CGTMSE, Udyogini, GECL, Emergency Credit Line Scheme, Standup India Scheme & Mahila Samridhi Yojana from the linked pages.

Get a business loan with ease!

Central of Bank of India Business Loan Documents

To ensure a smooth Central Bank business loan process, it is essential to have the following documents for the business entities and owners:

Proof of Identity:

  • Passport
  • PAN card
  • Voter ID
  • Driving License
  • NREGA Job Card (official signature required)
  • Aadhaar card with name and address details
  • Bank-approved identity card
  • Public authority verification letter

Proof of Address:

  • Phone bill
  • Bank statement
  • Public authority letter
  • Electricity bill
  • Ration card
  • Employer letter
  • Registered rent agreement


  • Passport and Visa copies are mandatory.


  • Company name, principal address, and mailing address.
  • Certificate of incorporation and Memorandum & Articles of Association.
  • Board resolution for opening an account and authorized signatories.
  • Power of Attorney for authorized personnel.

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Central Bank Business Loan EMI Calculation

Now you can strategize and plan your Central Business loan EMI with an online EMI calculator. Provide the details of the loan tenure, interest rate, and loan amount, the calculator will show you a comprehensive view of your monthly EMI payments.

Hence, you will better understand and effectively manage your repayments and avoid late payment penalties.

Easily plan your budget and make informed decisions by entering your loan amount, interest rate, and term to get an instant monthly instalment estimate.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Disclaimer: Please note that the estimations here are only estimates around the values you enter and are not subject to change unless you do.

Central Bank of India MSME Loan Features

Central Bank of India has shown commitment to the MSME sector through various initiatives:

  1. Easy, Speedy, and Transparent Access: The bank prioritizes effortless, quick, and clear access to banking services for MSEs, both during regular operations and with financial challenges.
  2. Positive Thrust to MSE Sector: The bank actively promotes and supports the growth and development of the MSE sector.
  3. Hassle-Free Credit for Micro and Small Enterprises: Streamlined access to credit for micro and small enterprises is a key focus.
  4. Proper Appraisal and Evaluation: Ensuring thorough and fair assessment of loan proposals.
  5. Achievement of Government and RBI Targets: Meeting the established goals set by the government and RBI for MSME banking.
  6. Cluster-Based Financing Approach: Utilizing a cluster-based approach to optimize financing solutions for SMEs.
  7. Increased Coverage under CGTMSE: Expanding participation in the Credit Guarantee Scheme for Micro and Small Enterprises.
  8. Adherence to BCSBI Code: Strict adherence to the Banking Codes and Standards Board of India's Code of Commitment to Micro and Small Enterprises.
  9. Supporting Youth Entrepreneurship: Fostering the creation of a new generation of young entrepreneurs.
  10. Regulatory Compliance: Guarantee compliance with all directions and guidelines issued by the government, RBI, and other regulatory bodies on MSME banking.

Benefits of Central Bank of India Business Loan

Central Bank of India business loans offer a range of benefits that can support businesses' financial needs and help businesses grow and expand.

Simplified Application

Apply for business ₹25
croresloan in a hassle free


Central Bank provides
business loan upto ₹25

Central Bank provides busi
-ness loan upto ₹25 crores

Central bank business loan
provides loan for interest rate
starting at 7.95% p.a onwards

Longer Repayment period

Central bank provides loan upto
84 months

Minimum Paperwork

Now you can apply for central
bank business loan at minimal

Steps to Apply for Business Loan on Buddy Loan

Follow the steps below to apply for a business loan through Buddy Loan:

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the business loan application page. Enter your mobile number and OTP.
  • Step 3: Specify the desired loan amount and email. Next, choose the Business Loan option.
  • Step 4: Choose if you have a Business Proof (Yes/ No)
    • If ‘Yes’ (If you have a business proof), enter your business and personal details.
    • If ‘No’ (If you do not have a business proof), choose the profession type and enter your details.
  • Step 5: Provide income details and Click the ‘Submit’ button

Avail a business loan now!

Frequently Asked Questions

To apply for a business loan from the Central Bank of India, contact the bank directly or visit their official website. Follow the application process that involves submitting necessary documents and other relevant information.

Eligibility criteria for a business loan may vary based on factors such as your business's financial health, creditworthiness, and the purpose of the loan.

You can avail of up to ₹25 crores amount business loan from the Central Bank of India

Repayment periods for business loans can vary based on the type of loan and the terms agreed upon.

Banks often charge a processing fee for handling the loan application. The amount can vary, and it's advisable to visit the official Central Bank of India page to know more.

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