Central Bank of India


Experience financial freedom with Central Bank of India Personal Loan! Personal loans help you fulfil emergency needs with ease and without any extra hassle. CBI personal loan have competitive interest rates and convenient repayment options. Their interest rates start at 10.95% p.a. Apply for a central bank of India loan to enjoy a long tenure of up to 7 years.

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Central Bank of India Personal Loan Details

Now get approval with an attractive interest rate at the comfort of your home. Here are the highlights of Central Bank of India personal loan interest rates in detail:

CBI Interest rate 10.95% - 12.55% p.a.
Loan Amount Up to ₹15 lakhs
Tenure Up to 7 years
Minimum Salary ₹1.80 lakh p.a.
Processing Fee Up to 1% of loan amount
Note- No processing fee for defence personnel.

Table of Contents

Central Bank Personal Loan Interest Rates & Charges

Embarking on a financial journey? Personal loans come to the rescue! The Central Bank of India offers personalised loans to meet personal and domestic needs. They also offer loans to pensioners and gold loans for different money needs.

CBI Personal Loan Scheme Interest Rates (p.a.)
Cent Personal loan 12.35% p.a. to 12.55% p.a.
Cent Pensioners 10.95% p.a.
Cent Personal Gold Loan 9.05% Onwards
Note: Defence personnels do not have processing and documentation charges.

Types of Central Bank of India Personal Loan & Features

The Central Bank of India offers personal loans to everyone in need. Discover their diverse range of options with unique features and benefits. Creating the go-to personal finance solution for all your needs with CBI personal loan. Apply now for simple and hassle-free loan processes.

Cent Personal Loan

Cent Pensioners Loan

Cent Personal Gold Loan

Central Bank Personal Loan EMI Calculator

Are you considering a CBI personal loan and want to know your monthly instalment amount? Look no further! With the Personal Loan EMI Calculator, you can easily determine the Equated Monthly Instalment (EMI) you'll need to pay. Simply input the loan amount, interest rate, and tenure, and voila!

The calculator will provide you with an instant estimate of your monthly repayment amount. Stay in control of your finances and plan ahead with this user-friendly tool that takes the guesswork out of the personal loan journey.

₹
%
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 (%)

Central Bank of India Personal Loan Eligibility

Every lender sets a personal loan eligibility criteria for getting an instant loan. While looking to borrow money it is important to check your eligibility for the loan. To check eligibility use the CBI personal loan calculator and know the best loan offers -

Factors General Eligibility Criteria
Employment Salaried
Age Min -21 yrs
Monthly Income Minimum ₹1.80 Lakh p.a.

Work Eligibility-

Salaried -

  • Permanent/ confirmed employees in companies having completed a minimum three years of service.
  • Permanent employees of government services/institutions with a completed one year of service.

Scheme-Wise Central Bank Personal Loan Eligibility

Determine your eligibility for the personal loans by Central Bank of India on a scheme-wise basis.

CBI Cent Personal Loan Eligibility

  • Eligible for employees of central and state governments, central and state PSUs, educational institutions with a national reputation, or quasi-government.

CBI Cent Pensioners Loan Eligibility

  • To be used for any genuine personal needs. Prohibited to be used in other activities.
  • Eligible for Pensioners / family pensioners drawing pension through our Bank Branches including Ex-staff.
  • Co Borrower - The loan requires the pensioner's spouse or legal heir(s) of the family pension beneficiary to be co-borrowers.
  • Maximum loan amount of Rs 10 lakh with an ROI starting at 10.95% p.a.
  • No processing fee availed but a documentation fee of Rs 500 +GST

CBI Cent Personal Gold Loan Eligibility

  • This loan facility caters to immediate personal expenses excluding agricultural purposes, such as marriage, medical, or educational needs.
  • Loan Amount: The loan amount ranges from Rs. 10,000 to Rs. 20 lakhs.
  • Tenure: The loan can be repaid within a maximum period of 12 months.
  • Margin Retained: A margin of 30% of the gold's current market value is retained at the time of loan sanction.
  • Processing Fee: A processing fee of 0.5% of the loan amount, along with applicable taxes and appraiser fees, is charged.

Central Bank of India Personal Loan Documents Required

Prepare for CBI personal loan application by getting essential documents-

Identity Proof PAN Card, Voter ID, Driving License, Passport
Address Proof Landline Bill, Electricity Bill, Ration Card, Voter ID, Passport
Income Proof Statement of Bank Account/ Pass Book for last six months.
Other Documents
  • Duly signed loan application form
  • Processing Fee cheque
  • Check-off letter from employer

Comparison of Central Bank Personal Loan Vs Other Banks

Comparing interest rates of different banks is a crucial step while looking for personal loans. It helps in understanding the different rates and what works best for you. Here is a table showing the comparison of Central Bank of India rates with other banks:

Lender Interest Rates (p.a.) Processing Fees
CBI 10.95% - 12.55% p.a. Up to 1%
SBI 10.30%-15.10% p.a. Up to 1.50%
HDFC Bank 11.00% p.a. onwards Up to 2.50%
ICICI Bank 10.75% p.a. onwards Up to 2.50%

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Features of Central Bank of India Personal Loan

Here are the exclusive features and benefits of an CBI personal loan

Instant Loan Approval

Get your loan
approved within minutes.

Flexible Repayment

Choose your preferred
repayment tenure.

Multipurpose Loan

Can be used for a
variety of purposes.

Low Interest Rates

The interest rates range
from 10.95% - 12.55% p.a.

No Collateral

Get fund without
risking your assets.

Zero Hidden Charges

No hidden charges
and extra penalties

4 Easy Steps to Apply for Central Bank Personal Loan with Buddy Loan

Here’s the step-by-step process that you can follow to apply for CBI personal loan on Buddy Loan:

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Proceed to the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a personal loan now!

Frequently Asked Questions

Central Bank of India of India of India personal loan interest rates range from around 10.95% - 12.55% p.a. per annum, depending on various factors.

To check your loan eligibility for Central Bank of India of India of IndiaI, visit their official website or branch and use their loan eligibility calculator or consult with a loan officer for assistance.

You can apply for a CBI personal loan online or by going to the branch.

To qualify for Central Bank of India of India personal loans, you need to be at least 21 years old with a steady income. Permanent employees of government institutions or Indian/multinational companies are eligible. Interest rate: MCLR(12m) + 3.00%, processing fee: INR 500 + S.T.

Central Bank of India of India Personal Loan amounts can be up to Rs 15 lakhs, subject to eligibility and meeting the bank's criteria.

The repayment tenure of the Central Bank of India varies from 5-7 years based on various factors.

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