Paisabazaar Logo - Compare loans and credit cards

Central Bank of India Personal Loan

Icon image of Competitive Interest Rates

Competitive Interest Rates

Icon image of Quick Loan Disbursal

Quick Loan Disbursal

Icon image of Digital Loan Application

Digital Loan Application

Icon image of Hassle-free & Paperless

Hassle-free & Paperless

Illustration

Apply Personal Loan Online

google-play-icon

Google Play Store

4.5/5

15.5L Reviews

51M+Satisfied Customers
65+Lending Partners
800+Cities across India

Find Best Personal Loan Offers

Sort by:

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 ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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%

Quick Links

Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

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 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

Avail Personal Loan For
All Your Needs

Avail Personal Loan Banner

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

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
View All Partners

Avail Personal Loan For
All Your Needs

Avail Personal Loan Banner

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.

Personal Loan Articles

Importance of No Dues Certificate in Personal Loan Closure - Article image

Importance of No Dues Certificate in Personal Loan Closure

icon image of Paisabazaar
Paisabazaar02 Sept 2025
Loan rejected despite high income? Here’s what you need to know - Article image

Loan rejected despite high income? Here’s what you need to know

icon image of Paisabazaar
Paisabazaar19 Aug 2025
Personal Loan for First Time Borrowers: What Customers Must Know - Article image

Personal Loan for First Time Borrowers: What Customers Must Know

icon image of Paisabazaar
Paisabazaar04 Aug 2025
How I Saved Rs 22,000 on My Personal Loan through Prepayment - Article image

How I Saved Rs 22,000 on My Personal Loan through Prepayment

icon image of Bhumika Khandelwal
Bhumika Khandelwal31 Jul 2025
How Have Personal Loans Advanced Over the Past few Years - Article image

How Have Personal Loans Advanced Over the Past few Years

icon image of Paisabazaar
Paisabazaar17 Jul 2025
Factors To Consider While Selecting a Personal Loan Lender - Article image

Factors To Consider While Selecting a Personal Loan Lender

icon image of Paisabazaar
Paisabazaar16 Jul 2025
Instant Personal Loan Apps: Avoid These 5 Pitfalls - Article image

Instant Personal Loan Apps: Avoid These 5 Pitfalls

icon image of Bhumika Khandelwal
Bhumika Khandelwal16 Jul 2025
Reasons for Delay in Personal Loan Processing - Article image

Reasons for Delay in Personal Loan Processing

icon image of Paisabazaar
Paisabazaar09 Jul 2025
APR vs Interest Rate in Personal Loans: What’s the Difference? - Article image

APR vs Interest Rate in Personal Loans: What’s the Difference?

icon image of Bhumika Khandelwal
Bhumika Khandelwal07 Jul 2025
Tips to Choose an Ideal Personal Loan Tenure - Article image

Tips to Choose an Ideal Personal Loan Tenure

icon image of Paisabazaar
Paisabazaar07 Jul 2025
View All Articles
quotes icon

What our customers say

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.

icon image of avatar
Tanmay BorkatakiDec 12, 2025

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.

icon image of avatar
Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

icon image of avatar
Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

icon image of avatar
Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

icon image of avatar
Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

icon image of avatar
Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

icon image of avatar
Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

icon image of avatar
Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

icon image of avatar
Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

icon image of avatar
SunnyDec 3, 2025
View All Testimonials
Vandana Punj profile
Written ByLinkedIn icon
Vandana Punj
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers