Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. Bank is based in Mumbai. The bank has 4100 branches and 0 extension counters across Indian states and three Union Territories. A number of innovative and unique banking activities have been launched by Central Bank of India. Central Bank of India offers personal loan for domestic need to corporate and non corporate individuals. To know more, follow some simple steps given below to get attractive deals.
Central Bank of India Personal Loan
Central Bank of India is the first Indian bank to be solely owned and managed by Indians. It was established in 1911, founded by Sir Sorabji Pochkhanawala. Nicknamed, ‘Swadeshi’ Bank, Central Bank of India’s first chairman was Sir Pherozesha Mehta.
Sir Sorabji Pochkhanawala proudly deemed the Central Bank of India as the nation’s ‘property’ and regarded the bank as an ‘asset’ of India.
About Central Bank of India Personal Loan
Central Bank of India offers a variety of personal loans to cater to unique needs of different customers. Customised Central Bank of India Personal Loans promise to fulfil all the diverse requirements of their customers.
Central Bank of India offers the following types of personal loans-
- Personal Loan Scheme (Corporate)
- Personal Loan Scheme (Non corporate)
- Cent Ratna Scheme
- Cent Personal Gold Loan
- Personal Loan to Pensioners
- Cent Teacher
- Cent Suvidha
- Cent Kalyani
Why choose Central Bank of India Personal Loan?
In 102 years of its existence, Central Bank of India has managed to earn the well-deserved title of ‘All India bank’ beating other public sector banks to the punch.
With 4336 branches spread across India, 9 Asset Recovery branches (ARB), 15 Retail Asset Branches (RAB) and 26 Extension counters, Central Bank of India boasts of weathering storms with great panache.
Satellite branches at centres along the length and breadth of India, make Central Bank of India one of the pioneers in a multitude of banking fields.
This bank has carved its niche in the banking world by greatly contributing to encouragement of self-employment in the country. Central Bank of India is well known for its support of small and medium scale industries as well as individual entrepreneurs.
Central Bank of India’s major corporate clients include, HDFC, IDBI, UTI, ICICI, LIC and many more.
Features of Central Bank of India personal loans
Personal Loan Scheme (Corporate)
This personal loan is granted to permanent employees of large corporations who are clients of Central Bank of India.
Personal Loan Scheme (Non corporate)
This personal loan is granted for domestic needs of permanent employees of Railways, Government institutions (central and state governments), schools, hospitals, etc. who have completed at least 5 years of service. The prerequisite for availing this loan apart from the above mentioned is that the borrower’s salary must be routed via one of the branches of Central Bank of India.
Cent Ratna Scheme
This loan is granted to permanent employees of Navratna/ Maharatna/ major PSUs. The main condition for availing this loan is that it is not granted for speculative purposes.
Cent Personal Gold Loan
This loan can be availed as one of the following three options-
- As a demand draft
- As an overdraft against the pledge of gold ornaments of 22 carat purity
- As an overdraft against the pledge of gold coins that has been sold by Central Bank of India
A demand draft is a loan that is given irrespective of a fixed maturity period which can be called back by Central Bank of India at any point with a 24 hour notice period.
Personal Loan to Pensioners
This loan is granted to pensioners whose pensions are routed to any of the branches of Central Bank of India for any legitimate credit requirements.
Cent Teacher
This loan is offered to the following class of people whose salary is credited to a savings account of Central Bank of India-
- Permanent teachers
- Permanent employees of schools
- Permanent employees of colleges
- Permanent employees of universities
- Permanent employees of educational institutes
- Permanent employees of research institutes
Cent Suvidha
This loan can be availed by salaried employees whose salary is routed through one of branches of Central Bank of India in order to fulfil any personal demands.
Cent Kalyani
This loan is awarded to women entrepreneurs in order to aid them to generate regular and feasible employment.
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ReplyDeleteOverall, Central Bank of India appears to be a reliable and customer-centric choice for an instant personal loan, and this blog post serves as a valuable resource for those exploring their options. Thank you for sharing this informative content!
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