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Central Bank Of India Personal Loan

(Updated on 08.05.2019) Central Bank of India Personal Loan – Apply & Get Best Personal Loan Rate of Interest From Central Bank.Check Eligibility, Loan EMI & Processing Fee.

 

Central Bank of India Personal Loan

Personal Loans are always the best option to opt for, it makes life convenient to meet any unexpected expenses, be it a short-term or long-term financial needs. As there is no restrictions on the end use of personal loan, loan amount can be used for such as personal financial emergencies, any fancy spending free, meeting your daughter’s wedding, home renovation and home extension expenses and to meet any other high expenses. Central Bank Of India Personal Loan is one the best-in-class personal which comes with several benefits and features to meet all your personal requirements at any point of time.

  • Affordable CBI personal loan at an interest of 11.40%.

  • Lowest processing fee of Rs.500 or even nil depending on loan amount and personal loan products.

  • A maximum loan amount of Rs. 5,00,000 can be availed by every borrower.

  • Longest loan tenure of 36 months to 60 months.

  • Central Bank of India Personal Loan Products such as Personal Loan Scheme (Corporate), Personal Loan Scheme (Non corporate), Personal Loan to Pensioners, Cent Ratna Scheme, Cent Teacher, Cent Suvidha and Cent Kalyani.

CENTRAL BANK OF INDIA – QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

How to use Personal Loan EMI calculator?

Central Bank Of India personal loan EMI calculator is the easy tool to use. Personal Loan EMI calculator helps you to assess whether you will be able to repay back your loan amount or not. You just need to enter the desired personal loan amount, the loan tenure in months, and the interest rate (current interest rates). The EMI calculator will automatically calculate your total payable amount of the loan taken including interest rates, your monthly payment and also the total payable interest. Steps to follow:

Step 1: Enter the loan amount. For e.g. Rs. 1,00,000/-

Step 2: Enter the interest rate (current interest rate). For e.g.: 11.40%

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 60 months.

The moment you click the ‘calculate’ button you will get all the details at one place. You will come to know your monthly EMI, total amount with interest, flat interest rate per annum, flat interest rate per month, total interest amount and Yearly interest amount. This will help you to take the right decision at right point of time to avail a perfect and comfortable personal.

What is Personal Loan EMI?

EMI is the short form of ‘Equated Monthly Installment’. EMI is the total amount which is payable per month at the bank on the loan amount availed by you. EMI is payable every month untill unless you fully repay your loan amount. EMI is consists of a portion of the principal loan amount and the interest due on the loan. EMI depends on the principal loan amount, personal loan interest rate and tenure of personal loan.

Central Bank Of India Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Central Bank Of India Personal Loan EMI Calculator- EMI Chart

Central Bank Of India Personal Loan at the lowest EMI of Rs.2,296. Compare and get the preferred personal loan at your earliest.

Loan Amount (Rs.)

Loan Tenure (Yrs.)

Interest Rate (p.a.)

Monthly EMI (Rs.)

Total Interest Outgo(In Rs.)

Total Amount (EMI+Interest)

1,00,000

1

13.40%

8,951

7,406

1,07,406

1,00,000

2

13.40%

4,773

14,552

1,14,552

1,00,000

3

13.40%

3,389

21,993

1,21,993

1,00,000

4

13.40%

2,703

29,727

1,29,727

1,00,000

5

13.40%

2,296

37,750

1,37,750

Central Bank of India Personal Loan FAQs

1) What is the Personal Loan Eligibility of Central Bank of India?

Central Bank of India offers personal loan to Permanent employees of large corporate Clients, Permanent Employees of Railways, Government institutions central and State Government, schools, Hospitals etc, who have completed 5 years of service and drawing salary through Central Bank of India branches, etc.

2) How much personal loan amount does Central Bank of India provides?

Central Bank of India provides personal loan amount to a maximum of Rs. 5 lakhs. The loan amount depends on the repaying capacity and financial record of the individual.

3) What is the loan tenure for Central Bank of India personal loan?

Central Bank of India provides a maximum loan tenure of 60 months for all personal loan borrowers.

4) Do I need to submit any security to avail a personal loan from CBI?

Yes , you need to provide security as per the bank’s norms.

5) What is the processing fee for Central Bank of India personal loan?

Central Bank of India charges a processing fee of Rs.500 of the loan amount for every personal loan applicants.