Central Bank Of India Personal Loan Customer Care

Central Bank of India is a top bank in the country that has been taking care of several people’s banking needs for decades. The bank offers personal banking, corporate banking, agricultural banking, and NRI banking services. Under the personal banking section, one can apply for retail loans, deposit accounts, cards, and digital banking products.

The bank offers multiple types of loans under the category of retail loans. Some of the loan products offered by Central Bank of India include personal loans, home loans, SME retail loans, loans to senior citizens, vehicle loans, education loans, loans against property, etc.

When you choose any of these products offered by the bank, you can be sure that you will receive good customer care from representatives at the bank. They are dedicated to offering skilled and prompt assistance whenever you need it.

Central Bank of India Personal Loan Customer Care

When you apply for a personal loan from this bank, you can be assured that you will get reliable customer care support. The bank has a toll-free number that can be accessed anytime during the say as the department works 24 hours. You do not have to go to a bank branch to get your issue resolved or to get a query clarified. Whether you have a question about your Central Bank of India personal loan application status or EMIs or payment mode or repayment issue or anything, you can reach out to the bank’s customer care facility for help.

Let us take a look at the contact information for the customer care facility of Central Bank of India:

With the help of the bank’s customer care facility, a personal loan borrower can get dependable support right from the application process until the full loan repayment is made. You can find out about your personal loan application status, loan interest rate, loan disbursal process, loan EMIs, loan repayment mode, technical issues while making payment, etc.

The bank has introduced this facility so that you do not have to go to an actual bank branch. You can instead sit in the comfort of your home and get quick resolutions for your loan hassles. If you also want to negotiate the interest rate for your loan, you may be able to use this facility.

In case you do want to visit a branch of Central Bank of India, you can go ahead and get help from the customer care representatives at the branch.

Types of Personal Loans Offered by Central Bank of India

Central Bank of India has 8 types of personal loans and they include:

1. Cent Personal Loan for Corporate Employees
2. Cent Personal Loan Scheme
3. Cent Ratna
4. Cent Personal Gold Loan
5. Cent Teacher
6. Cent Suvidha
7. Cent Liquid (Loan against shares)
8. Cent Doctor

1. Cent Personal Loan Scheme (Corporate): This is given to permanent employees who work with large corporates. It is a demand loan. The maximum loan quantum is 20 times of gross salary with a maximum limit of Rs.5 lakh. Your salary account will need to be held with Central Bank of India. You will have to repay within 36 months. The interest rate is MCLR + 3.50%.
2. Cent Personal Loan Scheme: This loan is given for taking care of personal or domestic expenses. You will need to repay it within 48 months. The interest rate is MCLR (12 months) + 3.00%. The maximum loan amount is 20 times of gross salary with a maximum of Rs.10 lakh.
3. Cent Ratna: This loan is given to permanent employees working with any PSU or Maharatna or Navratna. The loan amount will be 20 times of the applicant’s gross salary. As a form of guarantee, a co-employee of the applicant will need to give a personal guarantee for at least the loan amount. It will have to be repaid within 60 months. The interest rate is MCLR+ 3.50%.
4. Cent Personal Gold Loan: This is given to take care of expenses such as wedding arrangements, education plans, medical treatments, except for agricultural purposes. It requires a margin of 30% of the loan value.
5. Cent Teacher Loan: It is given to permanent teachers of schools, colleges, universities, and other educational institutions. It is a demand loan. The interest rate is MCLR + 2.75%. It needs to be repaid in 48 EMIs.
6. Cent Suvidha: It is given to any salaried individual to handle personal emergencies. You can get an overdraft of up to Rs.1 lakh. The interest rate is MCLR + 4.00%.
7. Cent Liquid Scheme: This loan is given as a financing against shares and debentures. The maximum loan quantum is Rs.20 lakh. It can be taken as a demand loan or an overdraft loan. The shares must be in dematerialised form. The interest rate is MCLR + 4.00%.
8. Cent Doctor Scheme: This is given to purchase medical equipment and to set up a nursing home or a clinic or a polyclinic or an x-ray lab, medicines, etc. The loan applicant should be qualified in medical science. The minimum loan amount is Rs.1 lakh and the maximum loan amount is Rs.5 crore.