हिंदी में पढ़े
Disclaimer: Central Bank of India is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Central Bank of India for personal loans. No offers/services from Central Bank of India are being provided by Paisabazaar for personal loans. For further information about Central Bank of India for personal loans, users are required to reach out directly to Central Bank of India.
| Central Bank of India Personal Loan Highlights | |
| Interest rate | 11.15%-11.90% p.a.
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 |
Note: Rates as of 17 June 2025
Table of Contents
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% |
Comparison of Personal Loan Interest Rates of Various Lenders
| Banks/NBFCs | Interest Rates(p.a.) |
| Bajaj Finance | 10% - 31% p.a. |
| Axis Bank | 10.49% onwards |
| IndusInd Bank | 10.49% onwards |
| IDFC First Bank | 10.99% onwards |
| HDFC Bank | 10.85% onwards |
| ICICI Bank | 10.80% onwards |
| Kotak Mahindra Bank | 10.99% onwards |
| Tata Capital | 11.99% onwards |
| Federal Bank | 11.49% onwards |
| DMI Finance | Up to 24% |
| L&T Finance | 11.00% onwards |
| Kreditbee | 16.00% - 29.95% |
| MoneyTap | 13.00% onwards |
| Piramal Finance | 12.90% onwards |
| Aditya Birla | 10.99% onwards |
| Moneyview | 14%-36% |
| Cashe | 33.50% onwards |
Also know which banks and NBFCs offer the best personal loans.
EMI Calculation
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Apply for Personal Loan with Quick Disbursal Click Here
Central Bank of India Personal Loan Fees and Charges
Cent Personal Loan
| Particulars | Charges |
| Processing Charges | Up to 1% of the loan amount
For Defence Personnel- NIL |
| Documentation Charges | Up to Rs 2 lakh: Rs 270 + GST
Above 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
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.
Important Aspects
Here are some of the important aspects you need to consider before availing personal loan:
- Before you apply for personal loan, interest rates and charges should be compared online to get the best deal
- Check your credit score or CIBIL score before applying for a personal loan. Low credit score may lead to rejection of your loan application.
- Borrow as per your need only and not just because it is easily available.
- Always evaluate the complete cost of the loan
FAQs
1. Does Central Bank offer pre-approved instant personal loans?
Ans. No, Central Bank of India does not offer pre-approved personal loans.
2. At what credit score can I avail Central Bank Personal Loan?
Ans. 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.
3. Can I choose between fixed and floating rates of interest?
Ans. 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.
4. Do you need a co-borrower while applying for Central Bank Personal Loan?
Ans. 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.