• Central Bank of India (CBI) Kalyani

    The unique loan product from Central Bank of India is to provide finance to women entrepreneurs. This loan will help them to gain aid for possible employment opportunities, even start a new project or expand their existing projects.

    Where is the purpose of Cent Kalyani?

    Central Bank of India’s Cent Kalyani Loan is meant for procuring of machinery or equipment, meeting capital requirements both fixed and working, also to meet their day to day expenditure of personal nature as well.

    What is the eligibility criteria for Cent Kalyani?

    The Cent Kalyani is meant for women, for new and existing women entrepreneurs, these women can be from the Micro or Small Enterprises. They should be running a manufacturing and service activity. Professionals as well Self-employed women also can apply for this loan such as Doctors, Chartered Accountants, women trained in Art or Craft etc. Any woman running a business such as Business-Small lunch/canteen, Beauty clinics, Beauty Parlors, mobile restaurant, Day Creches for children, Tailoring or boutiques also are eligible.

    What are the types of financing available?

    This loan will be considered as a Term Loan, if the entrepreneurial venture is fund based with a working capital facility then the loan will be taken as a Cash Credit or Overdraft. If the entrepreneurial venture is non- fund based then the loan will be with a letter of credit or guarantee.

    What is the maximum amount of loan I can avail?

    The maximum loan amount for the Cent Kalyani Loan is Rs. 100 lakhs. With a margin rate of 20%.

    What is the rate of interest on Cent Kalyani?

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

    Cent Kalyani Interest Rates 2018
    Particulars Intrest Rates
    Loan of Rs. 10, 00, 000 9.70% + 0.25% = 9.95%
    Loan of Rs. 10, 00, 000 - 100, 00, 000 9.70% + 0.50% = 10.20

    What are the documents required for Cent Kalyani?

    1. The KYC documents to be submitted, and if any name change that also should be recorded. Application form duly filled
    2. Balance Sheets, profit and loss accounts and other financial documents.
    3. The application will also need to provide letters of interest, understanding, continuity and hypothecation.
    4. Name of the applicants as well need to be disclosed.

    What are the terms for Cent Kalyani?

    The Cent Kalyani will charge on stock, any plant and machinery, any receivables. Unencumbered assets and equipment as well. There is no collateral security as advance. No Third party Guarantee is required. There are processing fees. The loan tenure will be a maximum of 7 years which will include a moratorium period of 6 months to 1 year.

    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 Teacher 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.

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