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.
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.
The loan can be disbursed either as Overdraft or as a Demand loan
The maximum loan amount that can be availed as per the Cent Liquid Scheme will be Rs. 20 lakhs
The interest rate will be the Base Rate of 9.70% + 4.00% = 13.70%
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
The application form can be procured online, however you will need to visit the branch along with the duly filled form and supporting documents.