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Central Bank of India Personal Loan

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ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

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%

Rates as of 15th April 2026

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.
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FAQs

Does Central Bank offer pre-approved instant personal loans?

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

At what credit score can I avail Central Bank Personal Loan?

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.

Can I choose between fixed and floating 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.

Do you need a co-borrower while applying for Central Bank Personal Loan?

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

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

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
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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
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Shamik Ghosh

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

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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