Central Bank Of India Personal Loan Customer Care

Central Bank of India gives you the opportunity to apply for retail loans, deposit accounts, credit cards, and access other digital banking products. There are various loans available under retail loans. Some of these include personal loans, home loans, SME retail loans, education loans, vehicle loans, loans against property, and more.

The service at Central Bank of India doesn’t stop at lending. If you have borrowed a financial product from the bank, you can always expect great customer care service. You have access to skilled executives who can assist you in resolving your queries.

Central Bank of India Personal Loan Customer Care

When you get a personal loan from the bank, you can always turn to the customer care centre for support. You can call their toll-free numbers to know your loan status or understand how the EMIs work.

Check out all the customer care contact numbers of Central Bank of India below:

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:

• Cent Personal Loan for Corporate Employees
• Cent Personal Loan Scheme
• Cent Ratna
• Cent Personal Gold Loan
• Cent Teacher
• Cent Suvidha
• Cent Liquid (Loan against shares)
• 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.