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Central Bank of India Personal Loan

Central Bank of India offers personal loans @ 11.15% p.a. onwards for loan amounts of up to Rs 20 lakhs and for tenures of up to 7 years. Central Bank of India Personal Loan to pensioners is offered under the scheme name ‘Cent Pensioners @ 10.10% p.a.

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

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

About Central Bank of India Personal Loan

  • Interest rate: 11.15%-11.90% p.a.
  • Interest rate For pensioners: 10.10% p.a.
  • Loan Amount: Up to Rs 20 lakhs
  • Tenure: Up to 7 years
  • Processing Fee: Up to 1% of the loan amount

Central Bank of India Personal Loan Interest Rates

Type of Central Bank of India Personal Loan Interest Rates (p.a.)
Cent Personal Loan 11.15%-11.90%
Cent Pensioners 10.10%

Central Bank of India Personal Loan Fees and Charges

Cent Personal Loan

Particulars Charges
Processing Charges Up to 1% of the loan amountFor Defence Personnel- NIL
Documentation Charges Up to Rs 2 lakh: Rs 270 + GSTAbove Rs 2 lakh: Rs 450 + GST

For Defence Personnel- NIL

Cent Pensioners

Particulars Charges
Processing Charges NIL
Documentation Charges Rs 500 + GST

Also know the processing fee for personal loans charged by top lenders

Types of Central Bank of India Personal Loan

Cent Personal Loan Scheme

  • Purpose: Regular personal loan scheme to meet the personal or domestic requirements of the borrowers
  • Loan Amount: 24 times of gross salary subject to maximum amount of Rs 20 lakhs. Minimum Net Take Home Pay should be at least 50% of gross salary after deduction of statutory dues, EMI of proposed loan and other loans, etc. 40% net take home pay is allowed only where employer’s undertaking is available
  • Tenure: Up to 7 years
  • Processing Fee: 1% of loan amount; NIL for Defence Personnel

Cent Pensioners

  • Purpose: Pension loans to meet the personal requirements of pensioners other than speculative purposes, real estate investments or prohibited activities
  • Loan Amount:
    • For pensioners aged up to 70 years: 18 times monthly pension subject to maximum limit of Rs 10 lakh
    • For pensioners aged above 70 years: 12 times monthly pension subject to maximum limit of Rs 5 lakh
  • Tenure:
    • Up to 5 years for pensioners aged up to 65 years
    • Up to 3 years for pensioners aged between above 65 years to 70 years
    • Up to 2 years for pensioners aged above 70 years
  • Processing Fee: NIL

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Eligibility Criteria for Central Bank of India Personal Loan

Cent Personal Loan Scheme

  • Permanent employees of State/Central Government, Schools, Hospitals, Railways, Municipal Bodies, with one complete year of service and having a salary account with Central Bank of India
  • Permanent employees of Indian companies/MNCs with at least 3 years of service and having a salary account with Central Bank of India
  • Minimum Gross Salary: Rs 1.80 lakh p.a.

Cent Pensioners

  • Pensioners/family pensioners drawing salary through Central Bank of India

Central Bank of India may also check credit score and monthly income of its applicants, just like other lenders do while evaluating their personal loan eligibility.

Documents Required for Loan Application

  • Identity proof: Passport, PAN Card, Voter ID Card, Driving License, Aadhaar
  • Address proof: Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
  • Income proof: Bank Account Statement, Salary Slips, ITR, Form 16, etc.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

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

Explore Our Central Bank Of India Lenders

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What our customers say

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Great Customer support and response

Quick and efficient support team of Paisabazaar. Proper knowledge of product and good customer relationship by Abhishek Singh.

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Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 2025

Feedback - Customer support

I recently received a quick loan through PaisaBazaar, and I want to sincerely appreciate the excellent customer support I received from Ms. Abhinaya ( Customer EW33882) During a critical financial situation, her guidance and support were truly exceptional. She was patient, professional, and empathetic throughout the process, making sure I understood everything clearly and felt confident in my decisions. Thank you, Ms. Abhinaya, and PaisaBazaar, for being there when I needed it most.

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EZAKIEL BSep 18, 2025

Exceptional Support During Loan Process

I’m writing to express my sincere appreciation for Mohammad Shazeb (Employee Code: EW33348) for the excellent support he provided during my recent loan process. There was a complication with the KYC verification, and Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly.

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Abhishek ThakurSep 1, 2025

Outstanding Assistance from Ms. Seema Kumari

I would like to express my sincere appreciation for Ms. Seema Kumari (Employee ID: EW32347) for her exceptional support in helping me secure a personal loan.

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Abdul ShaikhAug 23, 2025

Excellent Support and Guidance from Ms. Yashi Saxena

I had the opportunity to interact with Ms. Yashi Saxena (Employee Code: AW22197) while applying for a loan from Poonawalla Fincorp. I am extremely satisfied with her guidance, support, and professionalism throughout the process. She explained each step very clearly, helped me understand the details, and ensured that the process went smoothly. Her assistance made my loan journey hassle-free.

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Jitendra WaskelAug 14, 2025

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Get a personal loan from paisabaaz customer support is very supportive loan disburse in 2 days thanks team

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DeeptiAug 2, 2025

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Hi, I can easily choose the right loan offers for me with the help of Paisabazaar. Previously, I tried fincover for the same, but I can decide while checking with you. Thank you

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