Apply Central Bank of India Personal Loan @ 11% only

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Central Bank of India Personal Loan

• www.afinoz.com

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Description

• Personal Loan is the type of loans where you can
  borrow money from a bank without having to use an
  asset as collateral. Personal Loans are always
  the best option in terms of the loans as it makes
  our life convenient to meet any unexpected
  expenses be it a short-term or long-term
  financial need. As there are no restrictions on
  the end use of the loan amount, the personal loan
  amount can be used to meet personal financial
  emergencies such as meeting wedding expenses,
  home renovation, and home extension expenses and
  also to meet any other high expenses.

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Interest Rate Charges of Central Bank of India
Particulars Personal Loan scheme Gold Loan Sceme Liquid Scheme Pensioner Scheme Swabhiman Scheme
Rate of Interest 11.2 p.a. 10.2 p.a. 12.2 p.a. 10.7 p.a. 8.7 p.a.
Loan Tenure 12 48 months 12 months 12 months 12-24 months NA
Loan Amount ? 10 Lakh ? 2 Lakh ? 20 Lakh ? 5 Lakh ? 10 Lakh
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CBI Personal Loan Scheme Details

• Central Bank of India is one of the oldest
  serving banking institution in the country, which
  in turn widely spreads their customer base
  ranging from large corporate houses, varied
  business professionals, employees of government
  institutions and others. To cater to the
  diversified needs of their expanding customer
  base, the bank offers a range of personal loans
  specialized in specific needs for all the
  applicants.
• The product portfolio of Central Bank of India is
  as follows
• 1.Cent Personal Loan Scheme
• 2. Cent Personal Gold Loan Scheme
• 3. Cent Liquid Scheme
• 4. Cent Pensioner Scheme
• 5. Cent Swabhiman Plus Scheme

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Cent Personal Loan Scheme

• Central Bank of India offers its personal loan
  facility to salaried individuals working
  full-time, this loan is offered without any
  restrictions on its use and can be used for
  various purposes including travelling, house
  renovation and medical expenses.

Eligibility Criteria Key Features
Applicant Age 21 - 58 years
Rate of Interest MCLR (12m) 3.00 p.a. fixed
Maximum Eligible Loan ? 10 Lakh
Repayment Period 12 months to 48 months
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Cent Personal Gold Loan Scheme

• Central Bank of India offers a specialized
  personal loan against the 22 carat pure gold
  ornaments kept at housed or the 50 gms gold coins
  sold by the bank. This scheme is meant to provide
  funds for urgent needs pertaining to agriculture,
  education or any other medical emergency.

Criteria Key Information
Type of Facility Demand or Term loan against the pledge of gold ornaments (22 Carat Pure)
Eligible Loan Amount ? 1,750 per gm for gold ornaments or 70 of the current market price of 22 CT ,? 1,850 per gm for coins sold by the bank or 80 of the current market price of 24 CT
Weight of Gold coins 50 gms per borrower
Rate of Interest MCLR (12m) 2.00 p.a. floating
Processing Fees 0.5 of the loan amount Tax Appraiser Fee
Repayment Period 12 months
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Cent Liquid Scheme

• Central Bank of India offers its customers a
  scheme for providing loan against the shares and
  debentures in dematerialized form.

Criteria Key Information
Eligible Loan Amount Maximum to the tune of ? 20 Lakh
Rate of Interest MCLR (12m) 4.00 p.a. fixed
Processing Fees 0.5 of the loan amount Tax Appraiser Fee
Repayment Period Whenever asked or within 12 months (Limit may be reviewed on annual basis)
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Cent Pensioner Scheme

• Central Bank offers customizable personal loans
  to senior citizens or pensioners who maintain
  their pension account with the bank. Also, the
  loan is offered to the pensioners as well as the
  family pensioners who are entitled for it.

Criteria Key Information
Eligible Loan Amount For age up to 75 years 18 months pension or ? 5 Lakh For age above 75 years 12 months pension or ? 2 Lakh
Repayment Period 12 months to 24 months
Rate of Interest MCLR (12m) 1.50 p.a. fixed
Processing Fees 0.5 of the loan amount Tax Appraiser Fee
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Cent Swabhiman Plus Scheme

• Central Bank of India offers a unique scheme
  exclusively for senior citizens who are owners
  and occupants of a self-acquired, inherited or
  gifted residential property. All those who are
  using the property as their primary place of
  residence can avail a personal loan against the
  property through the bank.

Criteria Key Information
Eligible Applicants The applicants age must be between 60 to 99 years Married couples can apply as co-borrowers/joint-borrowers
Eligible Loan Amount Liable to the market value of the property, as assessed by the banks sources (Minimum ? 10 Lakh) Age of the applicant Prevailing Rate of Interest
Rate of Interest MCLR (12m) 0.50 p.a. fixed
Processing Fees 0.15 of the loan amount (Subject to Min. of ? 500 and Max. ? 10,000)
Repayment Period Till the demise of the last surviving borrower
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Central Bank of India Personal Loan Documents
Required

• For obtaining the maximum amount of personal loan
  from Central Bank of India, a borrower should
  produce the following documents according to
  their business profiles as follows
• List of common documents
• Duly signed loan application form
• Passport sized photographs
• Copy of Identity Proof Passport/PAN Card/Voters
  ID card/Driving License etc.
• Copy of Address Proof Ration card/Driving
  License/Voters ID card/Passport/Telephone
  Bill/Electricity bill
• Processing fee cheque
• Banks statement of last 3 months/6 months bank
  passbook.
• Documents required for salaried individuals
• Latest salary slip
• Current dated salary certificate with the FORM -
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