• Custom Free

    Custom quote

  • Central Bank of India (CBI) Liquid Scheme

    Loading your search...
  • The Cent Liquid Scheme is a finance product from Central Bank of India. With this scheme an individual can take a loan against shares and debentures held by them. Thus providing them with an avenue to utilize the finance they require for any personal expenses without liquidating their shares and debentures.

    Where is the purpose of Cent Liquid Scheme?

    Loan amount provided as per the Cent Liquid Scheme can be utilized to meet any financial expenses requirement, or meeting any personal emergency expenses needed by an individual. This loan can also be used to purchase debentures and shares that are new, by using the existing shares and debentures as security.

    What are the types of financing available?

    The loan can be disbursed either as Overdraft or as a Demand loan

    What is the maximum amount of loan I can avail?

    The maximum loan amount that can be availed as per the Cent Liquid Scheme will be Rs. 20 lakhs

    What is the rate of interest on Cent Liquid Scheme?

    The interest rate will be the Base Rate of 9.70% + 4.00% = 13.70%

    What are the documents required for Cent Liquid Scheme?

    1. Original Share Certificates and other relevant documents.
    2. Proof of residence such as Election ID card, Govt / Defence ID Card, Passport etc.
    3. Latest I.T.Return/I.T. Assessment order/ Form no 16.
    4. Proof of identity such as PAN card, Election ID card, Govt / Defence ID Card, Passport etc.
    5. Proof of Other income
    6. Shareholding issued by D.P. latest statement

    What are the terms for Cent Liquid Scheme?

    1. The bank will charge a 50% margin on the value of the shares
    2. Repayment of the loan will need to be within 12 installments or made on demand whichever is earlier.
    3. aIf the applicant is purchase new shares and debentures then, as a security in dematerialised form, the existing shared

    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 Liquid 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.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    This Page is BLOCKED as it is using Iframes.