Central Bank of India Car Loan Rate of Interest

Hello, I want to take the car loan of the Central Bank Of India and I want to know the rate of interest of the loan.

[Kiran Chandar]

Hello, here I am providing you the details of the Central Bank Of India car loan interest rate as under:

Rate of interest for the car loan:
Type Floating Fixed Rate
(Repayment within 36 months)
2 Wheelers Base Rate + 0.40% Base Rate + 0.40%
4 Wheelers New Base Rate + 0.40% Base Rate + 0.40%
4 Wheelers Old Base Rate + 1.50% Base Rate + 1.50%

Eligibility:
Central Bank of India Car Loan Minimum Age
At least 18 years old

Central Bank of India Car Loan Maximum Age
Less than 65 years old

Central Bank of India Car Loan Eligible Employment Type
Salaried or self-employed with regular income

Central Bank of India Car Loan Minimum Income
Earn more than the minimum income required

Eligibility on the basis of the income:
Central Bank of India Car Loan Minimum Salary
Minimum income required Rs.2,40,000 per annum

Central Bank of India Car Loan Maximum Loan to Value
Loan capped @ 90% of the ex-showroom price

Documents required:
1. Photo ID and age proof
2. Signed application form with photograph
3. Residence proof
4. Last 6 months bank statement
5. Documentation for salaried applicants:
Last 3 months salary – slips
Form 16 or Income Tax Returns
6. Documentation for self-employed applicants:
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account