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  • Central Bank of India (CBI) Doctor Scheme is Rated as "Excellent!" by 16 Users

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    Central Bank of India (CBI) Doctor Scheme

    This loan product from Central Bank of India is to provide finance medical practitioners. This will help with setting up of healthcare services in order to establish nursing homes, clinics, pathology laboratories etc.

    Where is the purpose of Cent Doctor Scheme?

    Central Bank of India’s Cent Doctor Scheme Loan is meant for procuring of new equipment, setting up of laboratories, even nursing homes. The applicant can also purchase vehicles like ambulances, computers, use it for working capital, and also stock up medicines and other related disposables.

    What is the eligibility criteria for Cent Doctor Scheme?

    The Cent Doctor Scheme is meant for doctors with a registered medical practitioner license, they also need to meet the below criteria

    1. Individuals, Partnerships, Trusts, and even companies can apply for this loan
    2. All applicants should be registered medical practitioners and hold the qualification in any medical science branch, such as MBBS, BDS, BHMS etc. They can also hold degrees in Physiotherapy, Radiology etc.
    3. The applicant should also have a minimum expertise to establish a clinic, nursing home or even hospital.
    4. In a partnership at least 50% of that partnership should be registered medical practitioners.
    5. In a company at least 50% of the directors should be qualified registered medical practitioners.

    What is the maximum amount of loan I can avail?

    The minimum amount of loan that can be taken as per this product, is Rs 1, 00 000 and a maximum of Rs, 5, 00, 00, 000. In semi urban and rural areas the loans available will be Rs. 50, 00, 000, from which rs 5, 00, 000 can be considered as working capital. In urban areas where the loans can be up to Rs. 500, 00, 000 a working capital of Rs. 10, 00, 000 can be considered.

    What is the rate of interest on Cent Doctor Scheme?

    The rate of interest will be including the base rate of 9.70%

    Particulars of amount Interest Rate
    Loan to purchase of equipment’s, Working Capital 9.70% + 2.25% = 11.95%
    Loan for construction loan of Nursing Home / Clinic/ Clinic-cum-residence. 9.70% + 2.50% = 12.20%

    What are the documents required for Cent Doctor Scheme?

    1. The bank will charges a 25% Margin on this loan on construction of nursing homes or clinics and 15% against equipment
    2. Hypothecation of assets bought through the finance or property if the loan is used for construction.
    3. A personal guarantee will be needed from all partners directors, and trustees will be needed for loans above Rs. 100,00,000
    4. A 1% charges will be levied as a prepayment penalty
    5. 0.5% of the loan to the maximum of Rs. 10, 000 will be charged as processing.

    What are the terms for Cent Doctor Scheme?

    The Cent Doctor Scheme will have a repayment period of 84 months including moratorium period of 6 months for the purchases of equipment and other related items,

    A maximum of 10 years will give to repay the loan including moratorium period of 12 months for any construction of nursing homes, clinics etc.

    How do I apply for this loan?

    You could download the forms from the website to apply for the application, and along with supporting documents can apply at the nearest Central Bank of India branch.

    Can I apply for Cent Doctor Scheme online?

    The application form can be procured online, however you will need to visit the branch along with the duly filled form and supporting documents.

    Central Bank of India (CBI) Doctor Scheme Reviews

    • Central Bank of India Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The rate of interest offered from CENTRAL BANK for my personal loan service was 11 % which is very low compare to others in the market the documents have been collected from my door step and the payments where deducted from my savings account ,overall it was a very good experience from CENTRAL bank for my personal loan service.
      Was this review helpful? 0
      , raipur
      Reviewed on Oct 29, 2017
    • Central Bank of India Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan from central bank of India around 6months ago,They have disbursed my loan amount within 2days of time. They have me more than the required loan amount. The rate of interest is low with central bank of India when compared with other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 10, 2017
    • Central Bank of India Personal Loan
      "Fast loan process"
      0.5 3.5/5 "Pretty good"
      I am fine with Central Bank, documentation process was good, they done the formalities on time and done the personal loan disbursement within two days of time. Service of centralized bank is not upto the mark like HDFC, they should work on it, other than that interest rate was excellent.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 22, 2017
    • Central Bank of India Personal Loan
      "Good service but need to decrease the interest rate"
      0.5 3.0/5 "Satisfactory"
      The rate of interest offered by central bank was high , even though I have submitted the IT certificates. Central bank of India took a week time to disburse my personal loan. The documentation process was very good with Central bank. I am happy about the loan amount . This loan has the tenure of 8 years. I am satisfied with the central bank of India service.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jun 13, 2017
    • Central Bank of India Personal Loan
      "Very fast"
      0.5 5.0/5 "Blown Away!"
      The loan processing is very fast and quick with Central bank. As I had taken loan from Central bank before 5 years. Its still an ongoing loan and I am left with 15K to clear the loan completely. All is good with Central bank be it service or processing and everything is absolutely fine with them.
      Was this review helpful? 2
      , tirupur
      Reviewed on Nov 28, 2016
    • Central Bank of India Personal Loan
      "Less rates applied "
      0.5 2.0/5 "Expected more"
      Central Bank of India has offered the best quote for the loan along with the charges . It was average service provided by Central bank of India related to the personal loan application.Their branch is situated in our office campus.Their service differ from person to person.For some they process it within 4days, but for other it will take even 1month to complete the loan process.
      Was this review helpful? 2
      , vijayawada
      Reviewed on Jun 14, 2016
    • Central Bank of India Personal Loan
      "Easy process "
      0.5 5.0/5 "Blown Away!"
      The loan process was not good with Central bank related to the personal loan process.The application was processed through the company.The documetns requried very simple documents.The interest rate applied was very less.They are updating about the loan process in a clear manner.
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 05, 2016
    • Central Bank of India Personal Loan
      "Nice bank to avail loan "
      0.5 5.0/5 "Blown Away!"
      The service provided was very nice with Central bank of India related to personal loan.Once I provided the document they are processing the loan in easy manner.The interest rate applied was very good.They have not applied any additional charges in the account.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 25, 2016
    • Central Bank of India Personal Loan
      "Best interest ...."
      0.5 3.5/5 "Pretty good"
      Last 2 years back I got personal loan from Central bank of India. Interest rate offered by them was 12% which is very less compare to HDFC bank. They have collected simple documents from my end. Being a account holder they did not charged processing fees.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 26, 2015
    • Central Bank of India Personal Loan
      "Good ROI"
      0.5 4.0/5 "Great!"
      One year has been completed now after taking the personal loan from CENTRAL BANK OF INDIA. It is my salary account so I personally approached the bank manger. I got 14% as the rate of interest. They are following the customers very well. They came to me for my verification at the right time. It find little difficult in submitting my salary certificate with them.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Oct 26, 2015
    • Central Bank of India Personal Loan
      "Charge is nil and rate is very less..."
      0.5 5.0/5 "Blown Away!"
      No processing charge in Central Bank of India and the interest rate for personal loan is only 12%. I am holding an account but still I submitted number of documents to get processed the loan. According to me the bank is not collecting relevant and required documents.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 12, 2015
    • Central Bank of India Personal Loan
      "Got A Loan..."
      0.5 4.0/5 "Great!"
      Central bank of India provided me a personal loan. The response was immediate. I got my loan sanctioned with 4 to 5 days. The documentation part was very easy. The customer service was good. They are also allow part payments and fore closure.
      Was this review helpful? 5
      , chennai
      Reviewed on Aug 14, 2015
    • Central Bank of India Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The whole experience was good with Central bank of India for my home loan. The process was really good and fast and its almost been a year I am banking with them. I am even planning to close my loan this year. The response was always prompt from them.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 18, 2015
    • Central Bank of India Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Personal loan from Central Bank Of India before 2 years for my daughters marriage and its been 23 years completed and I have no issues with them and I also hold my salary account with this bank. The customer service executives response is good if I approach the bank directly. The best part about the bank is the rate of interest charged is less and there is no processing fees as well.
      Was this review helpful? 3
      , bangalore
      Reviewed on Mar 11, 2015
    • Central Bank of India Personal Loan
      "Best bank"
      0.5 4.0/5 "Great!"
      When I applied personal loan from central bank of india response was quite good. Within 3 - 4 days the loan got disbursed. I got very good interest rates which was comparatively less than other banks. ATM and branch facilities are really good
      Was this review helpful? 7
      , chennai
      Reviewed on Oct 03, 2014
    • Central Bank of India Personal Loan
      "Great experience"
      0.5 5.0/5 "Blown Away!"
      It was a wonderful experience of availing a personal loan from Central bank of India in the month of Apr'2014. Bank people was very co-operative in making my loan disbursed within just 7 days. Everything was simple and the process was much faster. Rate of interest & processing fees are pretty good.
      Was this review helpful? 6
      , mumbai
      Reviewed on Jul 08, 2014
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