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Central Bank of India Business Loan

Borrowers can avail Central Bank of India business loan for amounts of up to Rs 50 crore and repayment tenures of up to 12 years. Central Bank of India offers a variety of business loans as term loan, working capital and overdraft facility.
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Max Loan Amt.Upto ₹75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
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Max Loan Amt.Upto ₹50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
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Max Loan Amt.Upto ₹75L
Rate of Interest15% - 19.25%
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Central Bank of India Business Loan Highlights

Interest rate 7.80% p.a. onwards
Loan amount Up to Rs 50 crore
Repayment tenure Up to 10 years

Rates updated as of 7 November 2024

Interest Rate of Central Bank of India Business Loans

Type of business loan Rate of interest (p.a.)
Cent Business Gold Loan 
  • Rs 10,000 and up to Rs 10 lakh: MCLR + 0.50%
  • Above Rs 10 lakh and up to Rs 20 lakh: MCLR + 1.00%
Cent Construction Equipment Finance Scheme
  • Up to Rs 10 Lakh: MCLR + 0.50%
  • Above Rs.10 Lakh to Rs 1 crore: MCLR + 1.00%
Cent Contractor Based on RBLR
Cent Business Based on RBLR
Cent Shop Based on RBLR
Cent Stand Up India 7.80% to 12.40% p.a. (Floating)
Cent Vehicle Business Based on RBLR
Cent Mortgage Based on RBLR
Cent Weaver Credit Card Base Rate + 0.50%
Small Road Transporters Operators Based on RBLR
Cent Pragati Based on RBLR
Cent Arthiya Based on RBLR
Cent-Laghu Udyami Credit Card (CLUCC) Base Rate + 0.50%
Cent CERAMIC Based on RBLR

Processing Charges of Central Bank of India Business Loans

Type of business loan Processing fee
Cent Business Gold Loan
  • Nil up to Rs 5 lakh
  • Rs 5 lakh to Rs 20 lakh: Rs 250 per lakh or part thereof
Cent Construction Equipment Finance Scheme (CCEF)
  • Nil up to Rs 5 lakh
  • Rs 200 per lakh (maximum Rs 1 lakh) above Rs 5 lakh
Cent Kalyani NIL
Cent Weaver Credit Card NIL

Types of Central Bank of India Business Loans

Cent Business Gold Loan

  • Purpose: Borrowers can avail Cent Business Gold Loan for business needs only
  • Loan amount: Rs 10,000 to Rs 40 lakh
  • Margin: 20%
  • Repayment tenure:
    • Term loan: 1 to 3 years
    • Overdraft/ cash credit: On demand and renewable on yearly basis.
  • Security (Primary):
    • Pledge of gold coins (specially minted and sold by Banks)/Gold ornaments and Jewellery of 22 & 24 Karats purity
    • The Gold ornaments should be hallmarked.

Cent Open Term Loan

  • Purpose: Borrowers can avail Cent Open Term Loan for emergent needs towards breakdown, balancing equipment, tailor made machinery and other similar exigencies.
  • Loan amount: Up to Rs 100 crore
  • Repayment tenure: 7 years
  • Margin: 20%

Cent Gold Jewellery Manufacturer

  • Purpose: Cent Gold Jewellery Manufacturer is a term/working capital loan for Gold Jewellery Manufacturers for financing gold and other related ancillaries used for jewellery manufacturing.
  • Loan amount: Rs 5 crore
  • Repayment tenure:  66 months
  • Margin: 25%

Cent Equipment Financing Scheme

  • Purpose: Cent Equipment Financing Scheme is a business loan for purchasing new machinery/ equipment/vehicle from authorised/reputed dealers. Borrowers can also use this loan facility for rebalancing existing machinery/breakdown of machinery. This loan facility is offered only to the existing borrowers of the Central Bank.
  • Loan amount : 20% of existing working capital subject to maximum cap of Rs 5 crore
  • Repayment tenure: 7 years
  • Margin: 25%

Cent GST Loan

  • Purpose: Cent GST Loan is a cash credit facility offered to businesses engaged in lawful trading/ services/ manufacturing/ processing and other activities/etc. to meet their working capital needs.
  • Loan amount:
    • Minimum Rs 10 lakh
    • Maximum Rs 5 crore (for service sector including retailer trade) & Rs 2 crore (for wholesale trade, if covered under CGTMSE coverage)
  • Repayment tenure: 1 year (on demand/renewable every year)
  • Security: To be covered under CGTMSE coverage OR covered by 100% collateral

Cent Weaver Credit Card (WCC)

  • Purpose: Cent Weaver Credit Card (WCC) is a term/working capital loan to provide adequate and timely assistance to the weavers to meet their credit requirements.
  • Loan amount: Up to Rs 2 lakh
  • Repayment tenure: 3 years
  • Margin:
    • Up to Rs 25,000: No Margin
    • Above Rs 25,000: 20%
  • Security: Hypothecation of assets financed

Cent Warehouse Receipt Scheme

  • Purpose: Cent Warehouse Receipt Scheme is a term loan facility offered to provide finance against warehouse/ cold storage receipts
  • Repayment tenure: 1 year/due date of warehouse receipt scheme, whichever is earlier
  • Margin : 35% on market value or 20% on MSP.

Cent Construction Equipment Finance Scheme (CCEF)

  • Purpose: Cent Construction Equipment Finance Scheme (CCEF) is a loan facility for businesses engaged in construction activities for financing their new machinery/equipment/vehicle purchases
  • Loan amount: Up to Rs 5 crore
  • Repayment tenure: Maximum 60 equated monthly instalments (EMIs), starting from next month of first disbursement.
  • Margin: 25% of the cost of Machinery/Equipment/Vehicles
  • Security:
    • Primary: Hypothecation of machinery/ equipment/ vehicles financed by the Bank
    • Collateral: 25% of the loan amount by way of mortgage of property/ land & building/ Liquid security

Cent Contractor

  • Purpose: Cent Contractor Loan is offered to contractors of good reputation having category of B+ rating and above and engaged in the works of Central Government Department/ State Government Department/PWD/ Public Sector undertakings/ and reputed Private Sector Organisations.
  • Loan amount: Rs 5 crore
  • Repayment tenure: 5 years
  • Margin: 25%

Cent Kalyani

  • Purpose: Cent Kalyani is a business loan facility for women entrepreneurs to meet their needs of capital expenditure (Plant & Machinery /Equipments etc) and day to day expenditure. It also involves guarantee cover of CGTMSE, wherein the CGTMSE fee for the first year is to be paid by the bank.
  • Loan amount : Up to Rs 1 crore
  • Nature of Facility:
    • Term Loan Fund Based Working capital Facility: Overdraft/ Cash Credit
    • Non Fund Based Working Capital: Letter of Credit /Letter Of Guarantee etc
  • Margin: 20%
  • Security (Primary): Charge on stock/Receivables/ Plant & Machinery, equipment and all other unencumbered assets acquired for business.

Cent Business

  • Purpose: Cent Business loan can be availed for financing any lawful trading/ servicing/ manufacturing/ processing businesses (excluding speculative activity and Real Estate).
  • Loan amount: Up to Rs 25 crore
  • Repayment tenure: 7 years
  • Margin: 25%

Cent Shop

  • Purpose: Cent Shop is a business loan for purchase/ construction of New/ Old shop/ office building and/or Repair/ Modernization/ Renovation/ Face lifting of existing shop/ office building for trade or business or professional service.
  • Loan amount: Up to Rs 5 crore
  • Repayment tenure: 12 years
  • Margin: 25%

Cent Stand Up India

  • Purpose: Cent Stand Up India is a composite loan (Cash Credit-cum-Term Loan) for setting up a new Green Field New Enterprise in the manufacturing, trading or services sector by SC/ST/ Women entrepreneurs. This is not applicable for financing existing units or expansion purposes.
  • Loan amount: Rs 10 lakh to Rs 1 crore
  • Repayment tenure: 7 years
  • Margin: 25%

Cent Vehicle Business

  • Purpose: Cent Vehicle Business is a term loan for purchasing new Car/Van/Jeep/MUV/SUV by businesses.
  • Loan amount: Up to Rs 3 crore
  • Repayment tenure: 5 years
  • Margin: 15%

Cent Mortgage (Loan Against Property for business purpose)

  • Purpose: Cent Mortgage is a term/overdraft loan facility offered against properties for financing all types of lawful trading, services, manufacturing, processing and other business activities, excluding speculative activity. The business availing this loan facility should qualify as MSME, as defined under MSMED Act 2006 and any amendments thereto. Udyam Registration Certificate is also mandatory for availing this loan facility.
  • Loan amount: Up to Rs 10 crore
  • Repayment tenure: 10 years
  • Margin: NIL (since it is a mortgage based loan)

Cent Laghu Udyami Credit Card (CLUCC)

  • Purpose : Cent Laghu Udyami Credit Card is a working capital facility, offered in the form of cash credit/overdraft, to individuals engaged in activities related to manufacturing and services
  • Loan amount : Rs 10 lakh
  • Repayment tenure : 3 years
  • Margin : 20%

Small Road Transport Operators Loan

  • Purpose : Small Road Transport Operators Loan is a term loan facility offered to both the existing and new transport operators to carry out their business activities. Borrowers can also utilise this loan facility to create employment opportunities for themselves.
  • Loan amount: Up to Rs 5 crore
  • Repayment tenure: 7 years
  • Margin: 15% to 25% (based on credit rating)

Cent Pragati

  • Purpose: Cent Pragati is a term loan/ cash credit facility offered to agricultural manufacturing units and businesses in the food processing sector engaged in lawful trading/ services/manufacturing/processing for financing their business activities (except for speculation). This loan is only offered to units registered as MSME and coming under the Ministry of Food Processing Industries.
  • Loan amount: Rs 1 crore to Rs 25 crore
  • Repayment tenure : 10 years
  • Margin : 25%

Cent Arthiyas

  • Purpose: Cent Arthiyas is a mortgage based overdraft facility offered to commission agents/arthiyas
  • Loan amount: Rs 2 lakh to Rs 5 crore
  • Repayment tenure: On demand

Cent Ceramic

  • Purpose: Cent Ceramic Loan facility is offered to businesses engaged in the production of tiles/ceramic products or other allied activities and located in and around Rajkot. Borrowers can avail this loan product as term loan, working capital or need based fund.
  • Loan amount : Rs 50 lakh to Rs 50 crore
  • Repayment tenure : 10 years
  • Margin: 25% and above

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Central Bank of India Business Loan Eligibility Criteria

Cent Business Gold Loan

  • Both existing and new customers
  • Individual (18 years to 60 years), Proprietorship and Partnership, engaged in Business activities

Cent Gold Jewellery Manufacturer

  • Individuals, Proprietorship firms, Partnership firms, Limited Liability partnership firms (LLP), Companies engaged in services/manufacturing activity.
  • Applicable for New and existing borrowers.
  • Borrowers must have 3 years experience in this line of activity.

Cent Equipment Financing Scheme

  • Existing Borrowers availing FB/NFB limits from Central Bank of India
  • Udyam Registration Certificate is mandatory

Cent GST Loan

  • All types of borrowers i.e Individuals, Proprietor, Partners, companies, public private, LLPs (Limited Liability Partnerships) etc who are registered under GST and have Udyam Registration Certificate for working capital needs. (Except HUF and Trust).
  • Udyam Registration Certificate is mandatory

Cent Weaver Credit Card (WCC)

  • All Weavers and Ancillary Workers involved in weaving activities (including new borrowers who are otherwise eligible for credit facilities for carrying out the proposed activities under any of the existing Banks Schemes).
  • Preference would be given to Weavers identified under the Third Census of Handloom weavers conducted by Development Commissioner (Handlooms), Ministry of Textiles as well as to weavers identified by the State Governments.
  • Thrust in financing would be on clusters of weavers and ancillary workers who have joined to form Primary Weavers Co-operative Societies/Self Help Groups (SHGs)/Consortia/Producer Companies/Joint Liability Groups (JLGs).

Cent Warehouse Receipt Scheme

  • Farmers, Processors, Arthiyas, Traders, and Food and Agro based Processing units, manufacturers of fertilisers
  • Udyam Registration Certificate is mandatory

Cent Construction Equipment Finance Scheme (CCEF)

  • Firms/Companies (including Contractors) engaged in construction activity.

Cent Contractor

  • Contractors approved / registered with Central or State Government Department/ Defence Agencies/Public Sector Undertaking / Private Sector Organisation
  • The firm should have at least 3 years’ experience of the type of job proposed to be undertaken & TNW should be positive
  • There should not be any adverse report against the Contractor and should have successfully completed previous jobs allotted to them
  • Contractor / Promoter should have completed at least 3 projects successfully in the last 3 years
  • Contractors should have a minimum one contract in hand at the time of application
  • Udyam Registration Certificate is mandatory

Cent Kalyani (target group)

  • New as well as existing Women entrepreneurs for her Micro / Small enterprise (as defined under MSME Act- 2006) .i.e engaged in manufacturing and service activity for eg. Handloom weaving Handicraft, Food-Processing, Garment making etc. etc.
  • Professionals & Self employed women – Doctors, Chartered Accountants, and Engineers or trained in Art or Craft etc.
  • Health /Beauty clinics/Dieticians/Fashion Designing Beauty Parlours
  • Small Business-Small lunch/canteen, mobile restaurant, circulating library/ tailoring /Day Creches for children, tailoring, typing / STD/ Zerox booth etc.
  • Transport Operators- Three wheeler /Four wheeler

Cent Business

  • All types of Traders, Manufacturers/ processors, Proprietors, Self Employed, Professionals, who are registered under GST
  • Borrower should furnish URC
  • The TNW of the firm should be positive
  • Udyam Registration Certificate is mandatory

Cent Shop

  • Individuals singly or jointly, Proprietorship firms, Partnership firms, Limited Liability partnership firms (LLP), Companies, Registered Trusts, NRI jointly with resident relative/s
  • Udyam Registration number of the applicant is mandatory and the account should be classified as Micro/Small/Medium as per the Udyam Registration certificate
  • Proscribed/ restricted/ speculative activities are out of purview of the scheme. Finance to NBFC/ Real Estate Companies/ Builders or where HUF is a partner is not permitted
  • The property should be located in the Metro / Urban / Semi Urban area having clear marketable title

Cent Standup India

  • SC/ST and/or Woman Entrepreneurs, above 18 years of age
  • In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur

Cent Vehicle Business

  • Professionals, Self-Employed, Proprietorship/Partnership firms, LLPs, Ltd
  • Companies, Trusts, having Udyam Registration Certificate
  • HUF is not eligible

Cent Mortgage

  • All types of Traders, Manufacturers/ processors/Servicing units/business units, who are registered under GST and carrying out any business activity
  • Proprietorship firms, LLPs, Companies engaged in trading/Service/ manufacturing activity and partnership firms (excluding a firm where HUF is partner) are eligible
  • In case of GST exempted categories, GST registration is not mandatory

Cent Laghu Udyami Credit Card (CLUCC)

  • Individuals engaged in activities (manufacturing and services) coming under definition of MSMED Act 2006
  • Individuals availing working capital credit limits for the past 3 years with satisfactory dealings.

Small Road Transporters Operators

  • An individual/ firm/ company or an association who wants to own new transport vehicle(s), for carrying passengers or goods on hire.
  • Udyam Registration Certificate is mandatory

Cent Pragati

  • All types of traders, manufacturers, processors (excluding a firm where HUF is a partner), all agricultural manufacturing units registered in MSME, food – fruit processing sector as per the Ministry of Food and Processing Industries.
  • Udyam Registration Certificate is mandatory
  • GST registration certificate is mandatory

Cent Arthiyas

  • All types of Commission agents/Arthiyas (Individuals, proprietorship firm, companies, and partnership firm, LLP, excluding a firm where HUF is partner engaged in commission agent activity), registered with Market Yard Committees/holding Municipal License.
  • GST Registration is mandatory wherever applicable.
  • Commission Agents/Arthiyas who are already in the business are only eligible and new entrants are not eligible for finance under this scheme.
  • Udyam Registration Certificate is mandatory
  • GST Registration is mandatory wherever applicable.

Central Bank of India Business Loan Documents

Central Bank of India has not specified the documents required for availing business loans. However, the documents required may vary depending on the loan facility and nature of the business.

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

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