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Rates as of 24th April 2026
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Rates as of 24th April 2026
Central Bank of India Personal Loan interest rate starts from 10.90% p.a, while the interest rates for its Pensioner Loan scheme are 9.85% p.a.
| 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 has not specified offering differential interest rates for personal loan schemes based on their loan applicants’ credit score, income, EMI/NMI Ratio, work experience, etc. However, most lenders consider these factors for setting the personal loan interest rates for applicants availing loans for financing their wedding related expenses.
The fees and charges for availing Central Bank of India Marriage Loan are as follows:
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Loan applicants planning to avail Central Bank of India Marriage Loans can also opt for its personal loan or pension loan scheme to meet their wedding related expenses. The personal loan eligibility criteria set for loan applicants availing marriage loans from Central Bank of India Marriage Loan applicants are as follows:
Although the bank has not disclosed the role of credit scores in determining the Central Bank of India Marriage Loan Eligibility for its marriage loan, most lenders consider this factor while deciding the eligibility for availing personal loans. Loan applicants who have managed to improve their credit scores have a better chance of availing the Central Bank of India Personal Loan variants offered by the lender. Prospective marriage loan applicants should also use the Personal Loan EMI Calculator to determine the EMIs and loan tenures of their personal loan based on their repayment capacity.
Central Bank of India has not mentioned any specific documentation for its personal loan scheme. Additionally, there is no separate scheme for availing marriage loans from the Central Bank of India. However, the documents required for marriage loans are usually the same as regular personal loans for most lenders. The personal loan documents required by most lenders are mentioned below:
Identity proof (any one)
Proof of residence (any one)
Proof of income/job continuity for salaried applicants
Proof of income/continuity of business for self-employed applicants
Note: The bank may ask for additional documents based on the loan applicant’s profile.
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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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