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  #2  
19th August 2015, 03:09 PM
Super Moderator
 
Join Date: May 2012
Re: Car Loan by Central Bank of India

Central Bank of India offers loan for four Wheeler i.e. Car, Utility Vehicle, Jeep, SUV, electric car like Reva, battery operated vehicle etc. for personal use.

Eligibility Criteria --


Applicants must be 18 years and above who are
Permanent salaried employees .

Farmers irrespective of land holding engaged in production oriented agricultural activities.

Self-Employed Persons / Independent Entrepreneurs who have regular source of income.

NRI in India jointly with a resident of India who is a close relative of the NRI.

The vehicle is for use in India only.

Staff of our bank.

Loan Details –


Minimum Income Criteria (Gross Income)
Salaried Persons:
For Four wheelers - Rs.15,000/- p.m.

Other than salaried persons:
2 For Four wheelers - Rs.1,80,000/- p.a.

Quantum of Finance:

Four Wheeler:

Indian made vehicles : Rs.20.00 lakh

Imported Vehicles : Rs.40.00 lakh

Old/Second Hand Vehicle : Rs.10.00 lakh

Repayment:
Four Wheeler (Old) Upto 3 Years old - Maximum 60 Months.

Four Wheeler (New) - Maximum 84 Months.

Four Wheeler (Old) More than 3 Years old - Maximum 48 Months.

Rate of Interest---- For Four Wheelers (New) - Base Rate + 0.50%

For Four Wheelers (Old) - Base Rate + 1.50%
  #3  
8th December 2015, 10:42 AM
Unregistered
Guest
 
Re: Car Loan by Central Bank of India

Please guide me through the process of online application for Car loan by Central Bank of India?
  #4  
8th December 2015, 10:48 AM
Super Moderator
 
Join Date: Aug 2012
Re: Car Loan by Central Bank of India

Please follow the below steps which assist you in getting to the online application form for Car loan by Central bank of India:

Please visit the official site of Central bank of India which looks like the image attached



On the top left of the page you will find a section for loans, please select it.

A list of options will be displayed, please click on the vehicle loan.

A new page will load which looks like the image attached



On this page you will find a link for online form please click on it, a new page will open which looks like the image attached.



Please follow the process for future as well.


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