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.
The bank offers business loans with varying fees. Below are the details of fees offered by CBI loans:
|7.95% - 8.70% p.a. onwards
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.
|Cent Open Term Loan
|Emergent needs (breakdown, equipment, etc.)
|Existing borrowers under Rs.25 crores total exposure
|Cent Business Gold Loan
|Individuals (18-60), proprietorships,partnerships
|Term Loan, Overdraft, Cash Credit
|Cent GST Loan
|Working capital needs
|Cent Warehouse Receipt Scheme
|Finance Against warehouse/coldstorage receipt
|Farmers, processors, arthiyas, traders,
food & agro units, fertilizer manufacturers
|Lawful trading/service/manufacturing (excl. speculative)
|CC cum TL (composite)
|Cent Vehicle Business
|Purchase New car/van/jeep/MUV/SUV
|Professionals, self-employed,businesses, trusts (excl. HUF)
|Convenient loan for commission agents/arthiyas
|Commission agents/arthiyas with Market Yard/municipal license (existing only)
|Production of tiles/ceramic products in Rajkot region
|Existing & new MSME units (proprietorship, partnership, LLP, companies)
|Term Loan, Working Capital, Non-fund based
|Purchase/construction/expansion of hospitals/manufacturing plants/labs/infrastructure/equipment/working capital
|Healthcare sector businesses & professionals
|Term Loan, Cash Credit, Overdraft, Non-fund based
|Cent Rental Business
|Business needs(excl. speculative/capital market/commercial real estate)
|Property owners with lease deed to eligible tenants
|Cent Stand up India
|Setting up a new greenfield enterprise (manufacturing, trading, or services)
|SC/ST and/or women entrepreneurs aged 18 years or above
Read LessNote - For all charges Tax will be charged extra wherever applicable. The charges are also subject to change.
In need of a business loan?
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
Get a business loan with ease!
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:
Proof of Address:
Not sure of your credit score? Check now for free!
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.
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 has shown commitment to the MSME sector through various initiatives:
Central Bank of India business loans offer a range of benefits that can support businesses' financial needs and help businesses grow and expand.
Apply for business ₹25
croresloan in a hassle free
Central Bank provides
business loan upto ₹25
Central bank business loan
provides loan for interest rate
starting at 7.95% p.a onwards
Central bank provides loan upto
Now you can apply for central
bank business loan at minimal
Follow the steps below to apply for a business loan through Buddy Loan:
Avail a business loan now!
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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