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Central Bank of India Personal Loan

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Get up to ₹50 Lakhs starting at 9.98%

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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
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%

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End-to-End Digital Process

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

  • Central Bank of India offers personal loans to meet the domestic requirements of the applicants at competitive rates.
  • The bank offers a loan amount of up to Rs. 20 lakh with flexible repayment tenures.
  • Pensioners and family pensioners drawing their pension from Central Bank of India are also eligible for personal loans.
  • No guarantor is required if the CIC score is 800 and above.
  • Permanent employees of government bodies and private companies having their salary accounts with Central Bank of India are eligible for personal loans.

Central Bank of India Personal Loan Interest Rates

Type of Central Bank of India Personal Loan Interest Rates (p.a.)
Cent Personal Loan 10.90%-11.65%
Cent Pensioners 9.85%

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 Personal Loan Lenders

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FAQs

No, Central Bank of India does not offer pre-approved personal loans.

Central Bank of India has not specified the cut-off credit score for personal loan applicants. However, applicants with credit scores of 750 and above usually have higher chances of availing personal loan at lower rates of interest.

Central Bank of India offers personal loans at floating rates of interest only. Click here to apply for personal loans offered at fixed interest rates.

The applicants availing Cent Pensioners Personal Loan can have their spouse or legal heir of family pension beneficiary as co-borrower while applying for personal loan.

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What our customers say

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Travel ke liye personal loan liya tha

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Easy personal loan available

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Medical Emergency thi, loan jaldi mil gya

Muhje ek medical emergency ke liye personal loan lena padha. Paisabazaar pe bht jaldi or smooth process tha. time pe kaam agaya.

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Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

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Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

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Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025
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