Central Bank of India Car Loan

Central Bank of India | Car Loan | 09-Apr,2021

About Central Bank of India: Central Bank of India is a prominent bank operating in India. It offers a wide range of commercial banking products and services. It is one of the most trusted banks in India. Central Bank of India was founded on December 21, 1911, by Sorabji Pochkhanawala and its headquarters are located in Mumbai, India.

Detail: The candidate's age should be at least 18 years at the time of applying for a loan.

Annual Percentage Rate (APR): 1) New car loan: 7.25% p.a. 2) Used car loan: 9.95% p.a.

Minimum & Maximum period for repayment (Loan Tenure): 1) New car loan: 12 months to 84 months 2) Used car loan: 12 months to 60 months

Loan processing charges: 0.50% of the loan amount

Late Payment: As per the loan agreement

Foreclosure Charges: Nil

Partpayment Charges: Nil

Maximum Loan Amount: 1) Used car loan: Up to 75% of the market value of your car 2) New car loan: Up to 90% of the on-road price of your car

Central Bank of India Profile

Sector : Finance

Industry : Regional Banks

Central Bank of India offers its account holders services such as balance inquiry, fund transfer, and many other banking services. As of March 31, 2020, the bank had a total of 33,481 employees and 4,651 branches spread across India. Currently, Matam Venkata Rao is the Managing Director and CEO of Central Bank of India.

Know more

You will go on the Official website.

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Loan Type

Central Bank of India ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 8.45% p.a. Up to Rs. 20 lakh 12 months to 60 months Rs. 500 As per the loan agreement As per the loan agreement Rs.500
Home Loan 7.30% p.a. Up to Rs.1 Crore 5 years to 30 years Upto 0.50% (Maximum Rs.20,000) As per the loan agreement -- Nil charges
Car Loan 1) New car loan: 7.25% p.a. 2) Used car loan: 9.95% p.a. 1) Used car loan: Up to 75% of the market value of your car 2) New car loan: Up to 90% of the on-road price of your car 1) New car loan: 12 months to 84 months 2) Used car loan: 12 months to 60 months 0.50% of the loan amount As per the loan agreement Nil Nil
Business Loan 8.55% p.a. onwards Maximum of Rs.10 lakh 12 months to 60 months 0.5% of the loan amount As per the loan agreement N/A N/A
Gold Loan -- Rs.20 lakh 1 month to 12 months 0.5% of the loan amount plus applicable taxes As decided by Bank N/A N/A

Disclaimer* - All the information provided on this site regarding loans and other banking services is completely taken from different websites of respected banks and financiers. We do not provide any kind of loan or finance. We only help you out to find the right loan or banking service that would be best for you as per your requirements. We do not get user data for further processing. We do not take any kind of money from our users, or do we have a sales team to provide loan. All loans are at the discretion of the associated Banks.